Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 67, No. 5, September-October

An Industry Recovers: One Year after September 11, the Real Estate Industry Focuses on Workplace Security
One year after the tragic attacks of September 11, much of the American real estate community has attempted to return to business as usual. Yet, it is clear the events of last year have significantly impacted and changed the industry. The impact...
A Real Steal: Have You Violated Ethical Guidelines to Land Clients? (Higher Ground)
Article 7 of the Code of Professional Ethics of the CERTIFIED PROPERTY MANAGER[R] states: "A CPM[R] shall at all times exercise loyalty to the interests of the employer or firm with whom the CPM is affiliated and shall be diligent in the maintenance...
Breaking with the Past. (Pass Port)
To understand Poland's property management industry, one must consider how the profession functioned during the country's Socialist period between 1945-1989. During this time, the state was essentially the property manager. Owners could not make any...
Calendar
12-13 Regions 9 & 10 Leadership Conference, Kansas City, MO 12-14 Region 8 Leadership Conference, Phoenix 15-18 ASM605 Measuring Performance of Real Estate Assets: Advanced Applications, Tokyo BDM602 Writing and Using Property Management...
Call for Service: Careful Selection of Service Contractors Adds to the Bottom Line. (Feature)
When it comes to selecting service contractors, not just anyone will do. Contractors can either help or hinder property managers. The right service contractor will ultimately require less of the manager's time, reduce the potential for problems, produce...
Done Deal: Facilitating Employee Compensation with Term Sheets. (Legal Ease)
In counseling clients through the negotiation of a business deal, responsible lawyers recommend clients begin with a "term sheet." The use of a term sheet enables the property management company to stay clearly focused not only on the actual terms...
Education Forum Focuses on Industry Challenges, Insights. (What's Up?)
Compensation trends, learning contracts, knowledge management, career paths, online education and training are key concerns of today's top real estate companies. Representatives from two dozen of the country's top real estate firms gathered at the...
Frisco Blues: The San Francisco Real Estate Market Has Seen Better Days. (Metroscope)
While no sector of real estate has remained unscathed by the current economic climate, San Francisco serves as a model of what the bottom of the market looks like. The dot com bust left the once red hot San Francisco market in tatters. In addition,...
Growing Pains: Goal-Setting Leads to Professional Success. (Speak Easy)
It took me seven separate positions and fourteen years to become the company president of the property management division of a non-profit organization. In 1990, I established my own property management firm with no outside money, after years of hard...
How Suite It Is: The Corporate Housing Market Proves to Be a Boon for Several Companies. (Feature)
Innovative companies are meeting the needs of relocated employees or those on temporary assignments. Companies like Oakwood Worldwide, the world's largest corporate housing provider, and Marriott's ExecuStay, the second largest, are bridging the gap...
Human Touch: A Delicate Balance Exists between Human and High-Tech Communication. (NEO Tech)
Technology is being developed and implemented at a furious rate. The process becomes even more confusing and overwhelming if one fails to understand how new technologies will fit into their company. Any new business solution has three elements: people,...
I before E: Investment Costs Must Be Tied to Education Programs to Be Effective. (Spotlight)
Do you ever spend money on something because you thought it was going to be extremely beneficial only to be disappointed? How many people have bought a piece of exercise equipment with the goal of dropping pounds and toning their body? How many actually...
It's about Time: Managers Must Manage Their Time Wisely to Respond to Increasing Client and Tenant Demands. (Spotlight)
In an age where clients and customers want more, more, more, how can you make time, find time and take time to do the things that matter? In today's marketplace, to-do lists rarely get done, in-boxes resemble landfills and managers are becoming stressed...
Leader of the Pack: Strategic Leadership Programs Develop Talent and Maximize Company Growth. (Spotlight)
The recent Enron and WorldCom scandals have demonstrated the need for businesses to rethink and redefine the role of leadership in their organizations. In the past, leadership has been defined in terms of individual traits rather than institutional...
Leadership.What Our Business World Needs Now. (from the Top)
What is going on out there? One after another, our business icons are falling off their pedestals, taking their companies and our money with them. Ethics and the leadership to enforce them are being recognized as the essential business element--without...
Market Mistrust Leads Investors to Real Estate. (Know It All)
While the current real estate investment environment is anything but clear sailing, new independent research conducted by Real Estate Research Corporation (RERC) indicates investors find real estate appealing due to falling stock prices and lack of...
Mockingbird Station: Right on Track. (Famous Properties)
Connecting the present to the past, Mockingbird Station, a mixed-use first-of-its kind project in Dallas offers loft living, office space, dining and retail establishments and a DART station located right next door. The 10-acre property designed...
Passing the Torch: Succession Planning Requires Thoughtful Planning and Preparation. (Spotlight)
Succession planning is a process by which an organization ensures the continuity of its' leadership into the future. It is a critical aspect of business strategy, requiring an organization's best thinking. Unfortunately, planning for succession often...
Soaking Up Savings: The Latest Submetering Technologies Benefit Owners and Residents. (Ductape)
Faced with skyrocketing utility costs and pressure to conserve water, an increasing number of property owners and managers are turning to new submetering solutions. As residents' rights groups continue to raise awareness of the problems with ratio...
Tax Trade-Off: Section 1031 Offers a Safe Harbor in Like-Kind Transactions. (1040)
Without a doubt, the single most efficient tool in the Internal Revenue Service Code for disposing of and acquiring property is the Section 1031 like-kind exchange. Section 1031 provides clear regulatory guidance for owners to assure their exchange...
Web Sight: Designing a Digital Culture Today Requires Visionary Leadership. (Spotlight)
Technologies in the market today have survived the dot corn shake-out presumably because they work better, make systems more efficient, are easier to use and are more cost effective. Even so, the real estate industry has been slow to adopt technology...
Women's Work: Opportunities and Challenges. (Verbatim)
Women are continuing to make major contributions in today's commercial real estate industry. They're brokering deals and leasing space, serving as consultants, property and institutional portfolio managers. The Journal of Property Management recently...