Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 69, No. 6, September-October

Break New Ground: Tune in to the Latest Architectural Trends in Retail, Multifamily, Industrial and Office Construction
Whether it's capturing the halcyon mood of a bygone era, positioning more building in less space or securing a structure, the four major commercial real estate sectors display very different desires when it comes to design. In retail and multifamily...
College Try
Credit card processing fees were killing profits in Kalamazoo. Phoenix Properties, LLC, AMO, based in this college town, had allowed Western Michigan University student tenants at four of its properties to pay their rent by credit card until the cost...
Course Listings
[ILLUSTRATION OMITTED] COURSE NUMBERS KEY ARMEXM - ARM Certification Exam ASM603 - Commercial Real Estate Financing and Valuation--Part One ASM604 - Commercial Real Estate Financing and Valuation--Part Two ASM605 - Cash Flow Analysis:...
Fend off Professional Obsolescence
What we know today is not enough for tomorrow. Knowledge is highly perishable. What seems cutting edge one day quickly becomes outdated. The onslaught of technology continuously changes the ways we must do business. The burden of ever more legislation...
Germane Efforts: Property Management in Germany Continues to Solidify Its Presence
Almost everything in Germany is ancient. In Bavaria, the tradition of brewing beer, medieval castles and Oktoberfest are the best examples. Even though the history of property management in Germany does not date back that far, the foundation of a registered...
International Update
First Japanese Members Successfully Complete Faculty Training Three Japanese CPM members completed IREM's recent faculty training session in June: Yoshitaka "Sam" Sadamura, CPM, Masayoshi "Mark" Fujisawa, CPM, and Yasunori "Tiger" Yamamoto, CPM....
IREM Foundation Update
During the years, the IREM Foundation has sought out college students, prospective real estate professionals and real estate management practitioners to provide them with the financial assistance needed to further their education. The Foundation's...
Mass Conversion: Rental to Condo Scenarios Can Be Both Rewarding and Risky for Managers
The condominium conversion craze remains strong, fueled by favorable economic conditions that permit first-time buyers to enter the market in search of affordable housing. Demographic forces, such as empty-nesters transitioning into smaller homes,...
Milwaukee's Best: A Full Schedule of Educational Offerings Keeps This Chapter Churning out New Members
Milwaukee Chapter No. 13 boasts an education schedule featuring nearly every IREM course, making it easy for its members to fulfill the education requirements on the road from "CPM Candidate" to "CPM Member." According to Chapter President Alan...
My Job Search and My IREM Friends: When Times Are Tough, the IREM Network Can Help Guide You Through
For the first time in my real estate career I was jobless! The date was January 2. I had just celebrated the new year and was pumped to move my company ahead in 2004. My boss arrived at my office door at 4:30 p.m. that Friday. He sat down and started...
Paper or Plastic? Managers Are Discovering a Credit Card Payment Option Builds Amenity Appeal among High-End Renters
Charge it. Is it an idea whose time has finally come to the multifamily market? Lured by reward points for recurring automatic rent payments and bonus offers to sign or renew a lease, tenants seem to be sold. Ohio-based Casto Communities has been...
Real-Time Value: Managers Should Never Stop Searching for the Right Technology for Their Facilities
Technology is interesting. Consider all the gadgets, devices and widgets available today. But does "interesting" add real value to our lives, businesses or communities? Fairly often "interesting" is merely that--fascinating, but not something with...
Roller Coasters to Retail: An Aging Nashville Amusement Park Is Reborn as a Thriving Multiplex
The transformation of one of Tennessee's biggest theme parks into a mega-mall has been a wild ride. Gaylord Entertainment managed the Opryland theme park, part of its Grand Ole Opry and Opryland Hotel complex, for 26 years before eventually deciding...
So You Want to Become a Tax Credit Professional? 33 Things You Need to Know
Working with low-income housing tax credits (LIHTCs) is not for sissies. The regulations that must be met on both the development and compliance sides of this affordable housing program are daunting. Success depends on understanding not only how to...
Space Race: Managers Have at Their Fingertips a Bevy of Tech Tools to Help Them with All Manner of Facility Planning and Renovations
Whether the task at hand is completely renovating a facility, moving a tenant or an entire department to a new location or simply finding a spot for a new employee, technology has made space planning a lot easier. There are multiple software and...
Tap into Paired Profits: Convert Your Expertise to Income by Consulting for Owners or Attorneys, Lecturing or Writing
Are you maximizing your earning potential? Experienced property managers often acquire talents that enable them to generate new revenue streams apart from traditional management and leasing. This expertise can be used to provide consulting, serve as...
Where-House? A Wave of Inventive Projects and Initiatives Proves Repositioning a Viable Option to Reinvent Struggling Warehouses
It seems common property management knowledge these days that a surefire way to resuscitate an under-performing warehouse facility is to reposition and convert it to another use. While the practice may seem like a no-brainer, there are many challenges...