Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 75, No. 5, September-October

Affordable Accountability: CRM Applications Can Greatly Improve Your Correspondence with Potential Clients and Customers
Customer Relationship Management (CRM) Software isn't just a tool to improve your marketing to customers. It can actually track your leasing agents' communications with potential clients who have inquired about their properties--holding them accountable...
Avoid Red Ink with Green Leases Moving to a Green Gross Lease Can Benefit Landlords and Tenants
THE MOVEMENT TOWARD SUSTAINABLE OR GREEN BUILDINGS IS WELL PAST ITS INFANCY, AND CONTINUES TO GAIN MOMENTUM. Green leases need to keep pace, and reflect the environmental and economic goals of both tenants and landlords. A variety of issues must...
Awards & Recognition
Doug Chaslck, CPM[R], senior vice president of multifamily professional services at CallSource in Westlake Village, Calif., has received the 2010 Apartment Career and Education Award (ACE) Award from the National Apartment Association Educational Institute...
Carried Interest Language Removed from "Tax Extenders" Bill
Over the last several months, IREM Members have lobbied their members of Congress on the issue of tax treatment of carried interest. This issue is critical to both the recovery of commercial real estate and the overall economic recovery. In May,...
Certifiably Green: Green Office Program Offers Tenants a Sustainable Partnership with Hines
WITH A STRONG LEED AND ENERGY STAR TRACK RECORD IN SUSTAINABILITY, international real estate firm, Hines, realized it could go beyond developing and managing green buildings. The company decided it could help its 4,300 tenants (occupying 120 million...
EPA Amends Lead-Related Rule
In June, the U.S. Environmental Protection Agency (EPA) issued an amendment to the final Renovation, Repair and Painting Rule (RRP Rule), effective April 22, 2010. The RRP Rule requires contractors who work in residential buildings built before the...
EPA Issues Final Rule on [CO.Sub.2] Emissions
IN OCTOBER, THE EPA PROPOSED A NEW RULE TO TAILOR APPLICABILITY STANDARDS FOR GREENHOUSE GAS (GHG) emissions from stationary sources under the Prevention of Significant Deterioration (PSD) and Title V programs of the Clean Air Act. Stationary sources...
Getting the Magic Back Medical Office Buildings and Tourism Have Helped Stabilize the Orlando Real Estate Market
THE SUNSHINE STATE MAY HAVE SEEN SUNNIER DAYS, BUT THE REAL ESTATE MARKET IN ORLANDO, home of the 2010 IREM iCon conference in October, appears to be stabilizing. "The commercial market is vibrant. The multifamily housing market is vibrant. I'm...
Home Sweet Apartment Home Improve Sustainable Operations at Multifamily Communities
THE MULTIFAMILY HOUSING SECTOR IS DOING BETTER THAN MOST REAL ESTATE MARKETS, but it is still taking a hit as residents delay paying rent and save money by doubling-up, thereby reducing market demand as they take on housemates. The U.S. apartment vacancy...
IREM International Members Discuss the Impact of Global Sporting Events: Global Events like the World Cup or the Olympics Can Have an Incredible Impact on a City, Especially When It Comes to Property Management. Based on Their Experiences, Some of Our International IREM Members Shared Their Thoughts on How These Events Have Affected Property Management in Their Respective Cities
SOUTH AFRICA Estate agents, property managers and property owners in South Africa have had high expectations regarding potential business opportunities expected from tourists during the FIFA World Cup. The expected benefits have not been realized...
Know Your Code of Professional Ethics: Protecting Client Funds
WHEN A CLIENT HIRES A PROPERTY MANAGER TO MANAGE HIS PORTFOLIO, HE IS EXPECTING THE MANAGER WILL EXERT DUE DILIGENCE to make sure the funds are deposited in a fiduciary account in an insured financial institution. The client also expects those funds...
Lead by Example Passion and Positive Energy Can Help Market a Company Vision to Employees
STOCK MARKET CRASHES. BANKRUPT COUNTRIES. VOLCANOES. THERE'S ALWAYS SOMETHING NEW TO CATCH OUR ATTENTION. With layoffs and unemployment at unprecedented highs, our workforce is understandably wary. Today's business challenges are seemingly endless....
Lighting Upgrades 101 Boost Your Property's Energy Efficiency and Cost Savings with Audits and Incentives
IN TODAY'S CHALLENGING ECONOMY, PROPERTY MANAGERS AND REAL ESTATE PROFESSIONALS ARE ALWAYS LOOKING FOR WAYS TO REDUCE OPERATING COSTS while enhancing the appeal of their properties. Lighting upgrades are a simple way to cut costs, reduce energy, enhance...
Modernizing a Postmodern Marvel: Sustainable Initiatives at the Controversial Portland Building Give Oregonians Something They Can Agree With
EVERYONE FAMILIAR WITH THE PORTLAND BUILDING HAS AN OPINION ABOUT IT. Love it or hate it, the Portland Building in Portland, Ore., has been deemed both an architectural icon and eyesore. Built and designed by renowned architect Michael Graves in...
On the Receiving End: Bankruptcy Cases and Receivership Offer Unique Carrier Opportunities for Property Managers
The Jimmy Buffet lyrics, " Lookin' back at my background/Trying to figure out how I ever got here" might be the best description for my career, which is actually probably no different from most other IREM Members. [ILLUSTRATION OMITTED] For 27...
Opportunities in Receivership
J. BENJAMIN MCGREW, CPM[R], CCIM, SERVES AS 2009-2010 VICE PRESIDENT FOR REGION 11. During his two-year term, he has overseen activities of IREM chapters in California and Hawaii. McGrew is the president of Managewest, Inc., a full service property...
Opportunity Knocks
As summer passes us by and we head into the fourth quarter of the year, we see that the economy and our market are at last showing signs of improvement. But despite this progress, we must remain cautiously optimistic about our future. Those of us who...
Plug & Play New Devices Make On-the-Go Photography and Data Access Easy
SONY DSC-HX5V GPS CAMERA If you have purchased a digital camera in the last couple of years, there has been little reason to upgrade until now. Sony recently released the HX5V digital camera. Strategically placed between the expensive Digital Single...
Strong Connections: Call Centers Dial Up Big Advantages for Multifamily Residents, Prospects and Property Managers
Historically, residents and prospects often regarded communication with multifamily property managers as a black hole. They phoned in their requests or problems, and if they were lucky enough to reach a person rather than an answering machine, the...
Surviving the Cycle: IREM Members Discuss Real Estate Cycles and How to Manage through the Downturn
What goes around comes around: Real estate is no exception to this rule. "Real estate is by nature a cyclical investment, seemingly in 8-10 year cycles," said Larry Baiamonte, CPM[R], a senior investment professional in the real estate equities...
Unbelievable or Outrageous True Stories about Everyday Experiences in Real Estate Management
NO HORSING AROUND! AS A REGIONAL PROPERTY MANAGER, PERIODIC SITE VISITS ARE A VERY IMPORTANT PART OF OUR RESPONSIBILITY to owners in order to inspect the properties and meet with office and maintenance staff. I have always enjoyed this and generally...
Watch over You the IREM Code of Professional Ethics Can Help You Make the Right Choices
THE IREM ETHICS CODES GIVE US GUIDANCE WHEN FACED WITH TOUGH DECISIONS. The IREM Code of Professional Ethics and the Minimum Standards and Codes of Ethics for Accredited Management Organizations (AMO[R]) outline how a property manager should behave....