Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 73, No. 2, March-April

AMO[R] Spotlight
To earn the Accredited Management Organization (AMO) designation from IREM, a company must demonstrate a high level of performance, experience and financial stability, and have a CPM[R] in an executive position. AMO firms must meet high ethical standards...
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Asian Markets Lead Urban Growth: Opportunities for Development and Management Skyrocket as Population Increases
In the next 20 years, the world's urban population is expected to reach 5 billion. By 2030, more than 60 percent of the globe will be urbanized, with Asia fueling the growth of individuals leaving rural areas for larger cities: Between now and 2025,...
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Best Practices: Is Your Implementation as Comprehensive as Your Technology Solution?
As the real estate business continues to become more reliant upon technology, the amount of software used for data management has grown to astronomical proportions. Today's latest technology solutions have provided a level of automation and integration...
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Board Walk: Help Associations Understand Ethical and Unethical Behavior
Ten years ago I switched from managing executive high rise rental buildings and commercial properties to managing homeowners associations (HOAs) or common interest developments (CIDs). Very quickly, rather than dealing with renters or business tenants,...
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By the Numbers: Benchmark Your Position in Property Management with the Results of New IREM Member Demographics and Earnings Studies
The results are in from IREM's 2007 Profile and Compensation Studies of CERTIFIED PROPERTY MANAGERS[R] and ACCREDITED RESIDENTIAL MANAGERS[R]. Surveys were posted online beginning in early 2007, and e-mail messages were sent to CPM Members and Candidates...
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Condo Conversion Blues: Take the Professional Road to Condo Market Recovery
Two years ago your developer clients wanted to cash in on the hot condo market. They found great properties right in the heart of the city. They put in all the classic condo upgrades-they had hot products in a hot location. Initial sales were good....
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Course Listings
MARCH ASM603 March 3-4 Milwaukee ASM603 March 3-4 Glen Allen, Va. RES201 March 3-8 Nashville, Tenn. ASM604 March 5-6 Milwaukee ASM604 March 5-6 Glen Allen, Va. LTC401...
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Digital Documents: Best Use of New Technologies Effectively Integrates Multiple Processes
We all know that technology has affected the way property managers work. In an industry that has traditionally been paper-intense, it would be hard to find an aspect of our business that has changed more than the way we manage documents. After years...
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Fair Housing at 40: Take Steps to Minimize Housing Discrimination Risks
There are at least 3.7 million incidents of housing discrimination annually. The sheer number of violations represents a potential flood of liability for housing providers and managers. [ILLUSTRATION OMITTED] Forty years after the passage of...
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Going Native: Landscaping with Indigenous Plants Helps Property Managers Streamline Maintenance and Reduce Costs
The term "native landscaping" may sound alien, but it's actually just a technical way of describing landscaping with plants familiar to your area. Native landscaping is an excellent method of reducing the need for non-renewable resources, improving...
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High Five for 75 -- Quiz #2
Go to www.irem.org/75thContest to answer this quiz online. You'll find all of the answers in this issue of JPM. 1 An unexpected benefit of the Great Depression was the transition of mortgage holders from mortgages to ______. This actually helped...
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JPM Articles Translated for International Members
IREM translates one article from each issue of Journal of Property Management into multiple languages to serve our members throughout the world. You will find translations of the article, "Stepping on the Green," by James G. Parker from the January/February...
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Keep Up the Good Work
Prior to the depression, the management business, except as a specialty in the big cities, did not amount to much. Then our late cousin, the depression, descended upon us--the unexpected, unwelcome guest who stayed with us for ten long years. Did I...
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Know Your IREM Code of Professional Ethics; Article 7: Conflict of Interest
A Member shall not represent personal or business interests divergent from or conflicting with those of the client or employer and shall not accept, directly or indirectly, any rebate, fee, commission, discount, or other benefit, monetary or otherwise,...
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Profitable Partnerships: Fostering Relationships with Brokers Helps Real Estate Managers Expand Business
Referrals from commercial real estate brokers can be an excellent catalyst for expanding your management portfolio. Oftentimes, investors form relationships with brokers long before they begin contemplating selection of a management firm. Having gained...
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Qualifying the QI: Be Cautious When Selecting a Qualified Intermediary
Qualified Intermediaries administer thousands of 1031 exchange transactions and account for millions of dollars every year. With the exception of Nevada, they are not licensed, regulated or required to be bonded or insured. The result is hundreds of...
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Rescue and Rebirth: Grassroots Effort Returns Glory to Historic Fox Theater in Spokane
Once one of the finest Art Deco theaters in the United States, the Fox Theater was also one of the most glamorous entertainment venues built by Hollywood's William Fox in the early 20th century. The theater was designed by architect Robert Reamer,...
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RVP Corner
In RVP Corner JPM shares the thoughts and opinions of an IREM Regional Vice President on a single topic covered in the magazine. This issue, IREM Region 9 Vice President Dale Nusbaum, CPM[R], discusses the relationship between property managers and...
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Self Evaluation: Develop Skills to Be a Good Subordinate
There are 8,472,329 pages written about how to be a good boss and a strong leader--and that's just in magazines with titles in the A-H range. Given all that has been written on leadership, it seems like managing employees must be the most difficult...
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Sustainability Now in Session: Green Legislation Is on the Rise, as Discussed by IREM Members
In cities and states across the country, slowly but surely green legislation is catching on. Meanwhile property managers and urban planners are ahead of the curve, working toward sustainability and energy efficiency even before laws require them to...
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The Choice Is Green: IREM Staff Brings Sustainability to Headquarters
It's spring: Are you green yet? At this time of year when everyone is ready for spring and the world to become "green" again--no matter where you live--it's a great time to review goals set just a few months ago and keep the momentum going. [ILLUSTRATION...
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The Pad Deal: Out Parcels Enhance Property Value and Cash Flow
Opportunities exist to increase the cash flow and value of many shopping centers by creating a pad--or out parcel--as a free-standing building in the parking lot. There are a few suburban office buildings and industrial developments with heavy street...
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