Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 63, No. 6, November-December

A Primer on Escalations
Escalations represent a landlord's opportunity to recover from tenants the increases in operating expenses used for the maintenance and operations of the property they occupy. In this fashion, the landlord will maintain a reasonably fixed profit margin...
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Building a Business Plan
According to the U.S. Census Bureau, 695,657 new businesses were started in 1995. In the same year, 567,337 businesses failed. Some estimates place the failure rate for new businesses as high as 75 percent. While many factors can contribute to a business...
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Corporate Etiquette
"There is no accomplishment so easy to acquire as politeness and none more profitable." - George Bernard Shaw Most people assume etiquette is merely knowing which fork or spoon to pick up at a dinner party. While such discretion is a part of...
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Developing International Business
As if formulating a domestic property management company business plan were not difficult enough...the complexity grows exponentially when developing a business plan for a property management service company in an emerging international market. Although...
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Fair Housing - Condo Style
In the past few years, a number of condominium associations, along with their management companies, have been sued under the fair housing laws. The federal Fair Housing Act prohibits discrimination in all types of housing, including apartments, townhouses,...
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Feeding Frenzy: Grabbing Your Piece of the Business Pie
In many circles, it's become the customary complaint: REITs have taken all the largest, most lucrative properties out of circulation. Fees are down, and new business is harder than ever to come by. But John Combs, CPM[R] for one, isn't interested in...
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Home Is Where the Office Is
In the past 20 years, few significant changes have occurred in multifamily housing. Many fads have come and gone without leaving a lasting impact. Instead the apartment industry has continued to improve upon the basics - upgrading and modernizing exteriors...
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HUD Compliance - Old Game, New Rules
During the break at a regulatory compliance workshop this past spring, I was approached by a HUD Project Manager. "I'm so glad that you're covering this," she remarked. "I am really concerned about some of my projects. [The owners and managers] simply...
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Power to the People
For sixty years, deciding on a electricity provider was a no brainer. Just sign up with the local utility company and turn on the lights. In the energy crunch of the seventies, energy conservation gained popularity, but for the most part, the sources...
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Repairing Concrete Balconies
Whether sipping morning coffee, reading a favorite novel, or soaking in some sun, most people tend to make good use of their balconies without a thought to their durability. So it is a bit disconcerting for them to learn balconies are more susceptible...
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Reviewing and Analyzing Service Contracts
Owners and managers of real property, whether residential, shopping centers, or office centers, have entered into, negotiated, or have taken an assignment of service contracts. Service contracts can encompass swimming pool; cleaning and maintenance;...
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Security the Natural Way
In the constant effort to keep our properties safe and help tenants and visitors feel secure, property managers often turn toward the revolutionary technology made possible by computers - access chips, closed-circuit cameras, and hightech alarms. Still...
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The Impact of Intermediate Bankruptcy on Like-Kind Exchanges
What happens when the intermediary in a like-kind exchange transaction is placed in bankruptcy? It may seem an extremely remote possibility that a proposed tax-deferred exchange could be destroyed if the intermediary in a non-simultaneous exchange(1)...
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The Invisible Hierarchy
If you just look at a company's organizational chart to understand how it works, you are missing the point. KAREN STEPHENSON, professor of management at UCLA and president of NetForm. JPM: Much of your research has been on the informal networks...
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To Sell or Not to Sell?
You are contemplating the sale of an office building and need to make the right decision. Should you sell now to a willing buyer, or instead hold onto the building for a few years to see if market conditions improve? What are your chances that conditions...
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Toys for Tenants
The old adage that the one with the most toys wins, doesn't always hold true. While you may have the most stuff, it may not be the right stuff. For the office building manager eager to offer tenants not only the best but all of the latest, knowing...
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