Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 72, No. 3, May-June

2007 JPM Real Estate Technology Survey
CEL & Associates, Inc. Real Estate Strategies, Benchmarking & Performance Solutions www.celassociates.com [ILLUSTRATION OMITTED] Enterprise solutions are comprised of comprehensive IT products and services. They are strategic in...
Bank Power Rule Opposed
IREM, the CCIM Institute and the National Association of REALTORS (NAR) have secured one-year moratoriums on the Federal Reserve Board's and the U.S. Treasury Department's proposed rule to expand the powers of national banks. The 2001 proposal would...
Battle for Control: Understanding Technology Helps Managers Maintain Control over Business
Recently, one of my sons was playing a game on the computer and he asked me what my favorite computer game was when I was a child. I told him we didn't have computers when I was growing up. He looked at me, laughed and made a comment to his brother...
Booming, Busting Business: The Rise, Fall and Resurgence of High-Tech Companies in South Atlantic Impacts Office Real Estate
During the technology boom of the late 1990s some areas of the country were like dot-com magnets--attracting enough software manufacturers and start-ups to become high-tech centers. The South Atlantic region was one such magnet. Places like Atlanta;...
Building IQ: Intelligent Buildings Are Becoming Part of Global Real Estate Market
At one time, security cameras capturing an entire building's entrances on a single wall of monitors elicited "oohs and aahs." Today, a skyscraper's every system--including HVAC, signage, elevators, light and temperature control, and yes, even security--can...
Cash Cow: Technology Can Bring Money to a Property, but Not without Some Expense and Labor
Can technology really increase a property's cash flow? This is the million dollar question for many of us. Often, technology is sold to customers with high expectations and it seems those expectations are rarely ever met. Companies and individuals...
Crossing Wires: New Developments in Technology Present Legal Headaches for Real Estate Managers
Technology, like the law, is dynamic. It is constantly changing. And while some developments in technology have no doubt increased revenue for real estate managers, they have also increased liability issues and prompted legal entanglements. [ILLUSTRATION...
Disappearing Act: Advanced Technology Cuts Back on Paper Use
Michael A. McCreary, CPM, was drowning--drowning in a sea of paperwork and file cabinets that had overtaken his office space as his business had expanded. He knew he needed to do something before his "paper problem" got further out of control. [ILLUSTRATION...
Disasters Spike Insurance Costs, Spark Legislation
Costs of property and casualty insurance have been on the rise in the United States for nearly five years. From 2001 to 2005, office building insurance costs increased by an average of 71 percent; costs for conventionally financed multifamily apartments...
Extreme Makeover: New York City's Barbizon/63 Puts a Modern Spin on an Historic Property
Technology clearly makes work easier and more efficient, so much so that it is hard to imagine life without a laptop, cell phone or PDA. Thus, it comes as no surprise that buildings with integrated technology are becoming more prevalent in today's...
Foundation Reaches out to Minorities
It takes some people years to attain their CPM designation. It took Irving Blue, CPM, less than a year. As executive director of Forest Park Southeast Development Corporation, Blue wanted to learn more about property management: One of the functions...
Generation Tech: Generations X and Y Bring Innovation into the Workplace
College internships in construction and banking somewhat prepared me for controlling the problems we see every day in real estate management. With my business degree and a freshly pressed shirt, I ventured into a downtown high-rise and proudly started...
Help IREM Help You
In college I was so tech savvy I managed to shut down the university's entire computer system for 45 minutes. Apparently, the program I was using--"Factanny," which ran on programming languages COBOL and Fortran IV--was too "sophisticated" for the...
Image Conscious: Infrared Imaging Technology Helps Property Managers Discover Energy Losses
KEEPING a lid on a building's energy costs is a top priority for nearly every property manager. Heated air escaping during the winter months and cooled air leaking out during the summer months are sure signs utility bills will soar. Finding the...
Royal Flush: Water-Free Urinals Help Facilities Reduce Maintenance, Cut Costs and Go Green
By 2026, world demand for water will surpass its supply by 56 percent, according to information from the United Nations. This global dilemma is already being felt throughout today's real estate industry. Rising costs for water and sewer utilities,...
RVP Corner
Chrystal Skead, CPM, ARM, is the IREM Regional Vice President for Region 14, where she oversees three Canadian chapters. Skead also serves as General Manager, Residential Properties, for Westcorp Properties Inc., in Edmonton, Alberta, Canada. [ILLUSTRATION...
Streaming Live Revenue: Leasing Space to Wireless Carriers and Cell Phone Companies Makes for a Profitable Business Venture
To most people, a ringing cell phone signals a simple phone call. To property owners and managers, it can be an audible reminder of the lucrative revenue streams generated by leasing space to a wireless carrier. [ILLUSTRATION OMITTED] The highly...
Technical Storm: Technology Is Instrumental to Any Business Continuity Plan and Any Disaster-Recovery Effort
When Hurricane Katrina hit the Gulf Coast in August 2005, few actions could protect the region's cities and residents, or their homes and businesses from the storm's force. Boarding up windows made little difference. Locking up properties hardly had...
Tech Therapy: IREM Responds to Members' Technology Needs to Offer TechHelpline Service
In October 2006, IREM launched the TechHelpline under contract with Real Estate Industry Solutions, LLC (REIS) to better serve members' technology needs. IREM members in the United States and Canada can call the helpline and receive assistance on...
The Tangled Web We Weave: Robust Web Sites Make Effective Marketing Tools
We all know first impressions can be powerful. The blink of an eye is often about how long we have to make a good first impression--on an employer, an owner, an investor or a potential client. This is especially true in today's hyper-paced global...