Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 76, No. 1, January-February

Activity of IREM Ethics Boards at 2011 IREM iCon in Orlando
The Ethics Inquiry Board reviewed three new complaints. The first complaint was dismissed as not being an ethical violation and the second complaint will be investigated. In the third complaint, a member's CPM status will be terminated as the CPM pled...
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A Decent Proposal: Make Prospective Clients an Offer They Can't Refuse
A COLLEAGUE RECENTLY ASKED ME TO REVIEW A MANAGEMENT PROPOSAL HE PLANNED TO SEND TO A PROSPECTIVE CLIENT. The proposal was filled with loads of information about his own firm, including plenty of pages with generic property management information....
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AMO Spotlight
ROBERT G. THORNBURGH, CPM, CCIM, SIOR, IS THE PRESIDENT AND C.E.O. OF THE HEGER COMPANY, a privately held full service commercial real estate firm with a rich history of operating in the Greater Los Angeles market since 1957. [ILLUSTRATION OMITTED]...
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Creating an Ethical Culture in Your Workplace: Communicate and Enforce Your Code of Values
ALL OF US AS PROFESSIONALS ARE AWARE OF THE IMPORTANCE OF DOING BUSINESS EVERY DAY IN ACCORDANCE WITH THE IREM CODE OF PROFESSIONAL ETHICS. Truly, the foundation of IREM is built on each member and candidate pledging to know and honor each of the fourteen...
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Democracy's College Gains Freedom: The Freedom Tower in Miami Is a Beacon in the Community and a Symbol of Pride and Diversity
LIKE MANY OF THE CUBAN REFUGEES AND IMMIGRANTS WHO PASSED THROUGH ITS DOORS IN THE 1960S AND 1970S, THE FREEDOM TOWER IN MIAMI, FLA., HAD A TUMULTUOUS HISTORY BEFORE FINDING ITS PLACE. Designed by famed architectural firm Schultze and Weaver, the structure...
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Don't Drop the Ball: Effective Leadership and Planning Help Teams Succeed
HAVE YOU EVER ATTENDED A LITTLE LEAGUE GAME, ONLY TO BE AMUSED BY THE OUTFIELDER WHO IS MORE FOCUSED ON PICKING DANDELIONS OR WATCHING BIRDS FLY OVERHEAD THAN PAYING ATTENTION TO THE GAME? Fans chuckle as the opposing team hits a ball right to the...
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Double Trouble: Real Estate Managers Can Provide Potential Solutions for Key Issues at Troubled Properties
To do this, they will have to address time and rate problems--issues just about every troubled property experiences. The time problem suggests the property has taken longer to lease than projected. The rate problem suggests the achieved rental rates...
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Do You Have an Exit Strategy? Planning How to Get out of an Investment Is as Important as Getting into an Investment
Ironically, an "exit" strategy for a multifamily real estate asset should be planned and discussed upon its purchase--not simply when the timing is thought to be right. Planning how and when to dispose of a property is critical to maximizing an investor's...
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Fashion Retailers Keep Montreal Moving: Montreal's Ecclectic Mix of "Gens Du Monde" Keeps the Market Healthy
VOILA! FASHION, CULTURE AND ACTIVE RESIDENTS ARE SEEMINGLY FACTORS THAT CAN STABILIZE THE REAL ESTATE MARKET--at least in Montreal, where most commercial real estate sectors remained relatively stable during the economic downturn and further improved...
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Fighting Flight: Employers Find Ways to Retain Top Talent during Tumultuous Times
As companies ponder whether economic recovery is imminent or has stalled, they face the pressing problem of losing top talent. Burnt out from increased workloads with little or no increases in compensation, employees are taking flight as some firms...
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Instant Gratification, Instant ROI: Unleash the Potential of Your Property with the New IREM Income/Expense Analysis[R] System
IREM HAS UNVEILED A STATE-OF-THE ART INCOME/EXPENSE ANALYSIS SYSTEM, PROVIDING INSTANTANEOUS STATISTICAL DATA TO REAL ESTATE PROFESSIONALS LOOKING TO OPTIMIZE THEIR PROPERTY'S PERFORMANCE IN THE MARKETPLACE. This innovative system--including a decade...
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IREM iCon Legislative Forum a Success
DURING THE IREM ICON MEETINGS IN ORLANDO THIS PAST OCTOBER, THE IREM AND CCIM INSTITUTE LEGISLATIVE STAFFS HELD A JOINT LEGISLATIVE FORUM. This event proved to be an educational and fascinating resource for members, drawing on the following topics...
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IREM International Members Discuss the Challenges and Opportunities in Property Management Associations, Condominiums and Planned Developments
JAPAN Historically in Japan, there was a ban on high-rise condominiums clue to concerns about the effects of earthquakes on the structure. Then in the 1960s, architects found ways to design earthquake-resistant buildings, and the ban on high-rise...
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IREM Research Publications Reveal Consistent Trends: The Results Are in from the IREM 2010 Profile and Compensation Studies of Certified Property Manager Members and Accredited Residential Manager Members. Every Couple of Years or So the IREM Research Department Conducts Surveys of Its Members to Gather Useful Data on Compensation and Various Demographic Information. below Are Highlights from Each of the New Studies
CPM MEMBERS, CANDIDATES Profile As in past studies, the average age of CPM respondents is 50 years, with men comprising 49 percent of CPM Members but with women comprising 60 percent of current CPM Candidates. College education, those with at...
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Let's Roll Up Our Sleeves
Imagine a crop hardy enough to produce a ground cover that holds soil in place against the bitterest forces of wind and water--even germinating at subzero temperatures. Now, picture the root system of a global organization of real estate management...
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Making Meetings Matter: It Takes Planning and Skill to Make Meetings Valuable
IN OUR BUSINESS, WE HOLD MEETINGS FOR MANY REASONS: FROM MONTHLY CLIENT UPDATES TO ANNUAL MANAGEMENT MEETINGS. The intent is for them to be productive; however, if not run effectively, they can be time-wasting or even destructive. When meetings are...
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New IREM Leaders Announced for 2011: Take the Opportunity to Read More about the New Officers and Regional Vice Presidents Who Were Installed at IREM iCon in Orlando, Fla., Last October
IREM OFFICER BIOGRAPHIES PRESIDENT Ronald Goss, CPM, is president of RPM Management Co., Inc., AMO, and is a senior vice president, a director and secretary of RPM Management's parent company, Rector Phillips Morse., Inc. Both companies are located...
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Opportunities through Education and Community: In This Issue of RVP Corner, JPM[R] Shares the Thoughts and Opinions of an IREM Regional Vice President and the Value of IREM Credentials
Vera C. McPherson, CPM, ARM, of Williamsburg, Va., serves as the 2011-2012 Regional Vice President for Region 3. During her two-year term, she has oversight for the activities of the six IREM chapters in Virginia, Maryland, and the District of Columbia....
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Waste Not, Want Not: Benchmarking All Sources of Trash Can Lead to Savings and Efficiencies
TRASH IS A PROBLEM FOR EVERY TYPE OF REAL ESTATE; PROPERTY MANAGERS NOW FACE AN EVER-GROWING AMOUNT OF UNWANTED MATERIAL TO REMOVE. In recent years, the real estate industry has been focusing more on recycling, which includes separating materials,...
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