Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 77, No. 2, March-April

Breaking into the Field of Property Management: Success Stories and Savvy Advice from Four Property Managers Who Have Hade the Journey
And if you're starting your career in property management, chances are, you've endured a tenuous tug-of-war between risk-taking and patience; enthusiasm and endurance. To make matters more complicated, navigating a multigenerational workforce--one...
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CAM Audits: Making Dollars and "Cents" of It All
When considering the lifespan of commercial real estate, the benefits of a proactive property manager who thorough understands thoroughly reads leases, understands the terms and language contained within them and their relation to the overall property,...
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Course Listings
COURSE CODES KEY ARMHX.M // ARM Certification Exam ASM603 // Investment Real Estate Financing and Valuation - Part One ASM604 // investment Real Estate Financing and Valuation - Part Two ASM605 // Investment Real Estate Financing and Valuation...
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Gen X Boomer
It is an interesting question and one that applies to many different industries. Although it is not clear-cut, I would rather hire the twenty-something CPM designee, in spite of, or perhaps because of, their lack of industry knowledge. First,...
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Getting a Leg-Up on Armageddon
In July of 2011, a portion of a Los Angeles highway had to be out of commission for 53 hours for repairs. The media aggressively promoted it as "CARmageddon," which had catastrophic implications for the highway's millions of travelers, and prompted...
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Hurricane Irene and Special-Needs Residents: When Hurricane Irene Landed in August of 2011, the Office of Emergency Management Called and Accurately Predicted Which of Our Properties Would Flood. by Then, Most Stores Were out of Sandbags, Generators Were in Short Supply and Neighbors Were Quickly Securing Outdoor Furniture
Two days after Hurricane Irene landed, the rain stopped, but chaos ensued--trees were down, rivers crested, major highways were flooded and many local buildings had several feet of water on the first levels of their buildings. [ILLUSTRATION OMITTED]...
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Internet Sales Tax
Recently, there has been much attention paid to the issue of internet sales taxes. On the federal level, several pieces of legislation have been introduced as a way to enforce the collection of these remote sales taxes. To give a brief timeline overview...
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Know Your Code
ARTICLE 1: SERVICES TO CLIENT In accordance with the management agreement, an AMO Firm shall make, or cause to be made, regular physical inspections of the clients' properties and shall keep its clients informed as to the condition of the properties....
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Maintaining the AMO Code of Professional Ethics: If You Are the Executive CPM of an AMO Firm, You Could Be Responsible for Upholding the Ethical Standards of Hundreds of Employees-All of Whom Are Subject to the Same Standards-Whether They Are IREM Members or Not
While conducting day-to-day business and being confronted with many challenges, it may be easy to make the right personal and business decisions based on ethical practices creating integrity and good reputation. But what if you are the Executive CPM...
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Management Italiano: It's Business - and Personal
More than 100 property managers, including IREM Members from around the world, gathered in the picturesque resort town of Montesilvano, along the Adriatic coast, at the second-annual International Conference of the National Association of Condominium...
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Night Watch: Are Energy "Vampires" Running Rampant in Your Property at Night? When Was the Last Time You Walked Your Property at Night?
Visiting your building to look for unnecessary utility and equipment use during nighttime hours can save hundreds--even thousands of dollars per year. I promise: your building is using energy you don't know about. It's easier to notice these things...
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Pitch-Perfect
If there is one thing I wish I had known when I started out as a property manager, it would be that there is no cookie-cutter model for success: no breezy jog to home base; no pitcher-catcher signals miming your next maneuver or career strategy; no...
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Snapshot: Following Is an Exclusive Interview with Cynthia Kim Nissen, CPM, Executive CPM of Berger Rental Communities, AMO
Describe how Berger Rental Communities combines the personal touch and entrepreneurial spirit of a smaller company with the sophistication and expertise of a larger organization. The number one secret to our success is the passion and dedication...
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The Aloha State: Hawaii Has Said Hello and Goodbye to Tourists, Industries, Jobs and Retailers-Causing the Overall Economic and Real Estate Market Conditions to Be a Mixed-Bag of Improvement and Uncertainty
"Our economic condition is still better than most other states on the mainland" said Eugene Tian, acting administrator for the research and economic analysis division of Hawaii's Department of Business, Economic Development and Tourism. "Data is showing...
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Uneven Sidewalk Conditions
Things are going well. Your property management company has been in business for eight years without any major problems. Then one day, you are served with papers indicating your company is being sued because a woman fell on a sidewalk on one of the...
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Waiting for Opportunity to Come Knocking? It Might Be Less Spontaneous Than You Think
Dropping off a package at FedEx recently I stopped to chat. The always-friendly clerk mentioned that she'd come up with a new mantra for the year ahead: New opportunities, ideas and even new business can be found in the least expected places. We've...
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When Silent Partners Attack
IMAGINE THE FOLLOWING SCENARIO: A SURGEON IS IN THE MIDDLE OF PERFORMING SURGERY, WHEN ALL OF A SUDDEN, A BANKER WALKS IN WITH A CUP OF COFFEE, SITS DOWN, OPENS HIS BRIEFCASE AND BEGINS TO CORRECT THE SURGEON ON HIS PROCEDURES AND PRACTICES. OBLIVIOUS...
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You Had Me at "Hello": Insider Interviewing Tips from a Human Resources Professional for a Property Management Firm
FIRST IMPRESSIONS MATTER Does your resume reflect all that you have to offer to your potential new employer? Your resume is no different than the brochure for your property--it must captivate upon first review or your prospect (future employer)...
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Zig-Zagging Ziggurat
HABITAT '67 IS AN URBAN MULTIFAMILY MASTERPIECE, ACHIEVING SPACIOUSNESS, PRIVACY AND HARMONY WITH NATURE IN THE DENSELY POPULATED URBAN CENTER OF MONTREAL Situated on a narrow, man-made peninsula in the borough of Ville-Marie, Habitat '67's raw...
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