Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 69, No. 7, November-December

Are We Having Fun Yet?
As time rolls by, we get caught up in the here and now, the day-to-day, the crises of the moment. We live in a continuum of accomplishment and disappointment. Every so often we might ask, "Are we having fun yet?" [ILLUSTRATION OMITTED] Just to...
Changing of the Guard: Competition, Regulation and Outsourcing Mean Flexible U.K. Managers
Property management in the United Kingdom is a highly mature market with many participants (usually, but not always, Chartered Surveyors) chasing their share of the [pounds sterling]250 billion (about U.S. $452 billion) property market. The wide supply...
Distinctive District: Washington, D.C., Motors along Nicely as New Developments in All Sectors Spur Optimism and Activity
While Washington, D.C., is nowhere close to resolving its infamous beltway traffic snarls, the city's real estate sectors are cruising at comfortable speeds, experiencing positive growth and returns in all sectors, a scenario head and shoulders above...
Everywhere a Sign: Digital Media Light the Path to Increased Value in Intelligent Buildings
Nowadays it seems everywhere you go, there are advertisements and billboards selling something. Real estate managers and companies obviously have control of what occurs within their properties and, as a result, adopt different strategies and business...
Florida Hurricane Aftermath
In an IREM survey of more than 300 Florida members, respondents reported on the extent of damage witnessed from the rash of hurricanes that crisscrossed the state earlier this fall. The survey results were sent to the Real Estate Information Sharing...
Hard Hat Heaven: Technology Can Be a Major Help in Guiding Tenants through Building Improvements and Construction
Today's electronic tenant improvement tools free property managers from swirling drywall dust. From creating blueprints to managing punch lists, technology exerts its increasing influence all along the critical path of construction. BUILDING A BETTER...
Here's to Your Health: A New Program Gives Employers, Self-Employed Workers Greater Access to Health Coverage
Employers and self-employed individuals alike face the challenge of finding and funding health coverage. Against the backdrop of rising costs and reduced coverage, Congress approved the Health Savings Account (HSA) in 2003, part of vast Medicare and...
IREM Delegates Visit Partners in Chile, Brazil
In August, a delegation of IREM and NAR representatives led by Institute President Tony Smith made official visits to partner organizations in Chile and Brazil. While in Santiago, Chile, Smith and IREM Vice President of Strategic Initiatives Nancye...
Love What You've Done with the Place: Exterior and Interior Finish Styles Showcase Affordable Options That Web Form and Function
Trends in interior and exterior finishes in the four major real estate sectors reflect concern for aesthetics, durability, economics and sustainability. Multifamily, retail and office projects all incorporate emerging styles, at least in part, in direct...
New Leader at Institute's Headquarters
The Institute is excited to announce Russell C. (Russ) Salzman became its new executive vice president and CEO in October. For the past 14 years, Salzman has served as president and chief executive officer of the Greater North Michigan Avenue Association...
Noi Tonic: Proactive, Integrated Service and Creative, Cost-Effective Concessions Bolster Retention and Preserve the Bottom Line in Soft Multifamily Markets
Lack of demand in many markets has driven vacancy up, traffic down and concession demands to uncomfortable levels. Working through this downturn requires proactive, creative approaches to shore up net operating income. [ILLUSTRATION OMITTED] ...
Point, Click, Retain? in Today's Digital Age, Companies Must Have a Well-Defined Electronic Record Retention Policy
In two separate cases decided in July, federal district courts ordered sanctions against corporations after finding employees failed to retain e-mail messages in accordance with the companies' document retention policies. (1) These rulings underscore...
Save the Date: From Continuing Education to Fundraisers, Activities Abound Year Round for This Carolina Chapter
The first half of the old wedding adage, "Something old, something new ..." can be applied to Western North Carolina Chapter No. 40's calendar. The chapter provides its approximately 175 members with a variety of new features and activities, yet keeps...
Section 8 Voucher Program Hurting
The Institute, in coalition with other housing groups, has been working with Congress to ensure voucher funding for FY05 does not cause the shortfalls and budget problems the program has faced since April, when HUD announced it would no longer reimburse...
Senior Moments: This Is Not Your Grandparents' Nursing Home-Today's Facilities Offer a Wide Range of Features, Amenities and Services
The oft-played stereotype of a senior facility usually carries an idyllic name and conjures visions of sleepy residents parked in the lobby, dozing to the strains of the daily bingo game. However, a lot has changed in the senior housing sector. An...
Streets of Philadelphia: An Affordable Housing Project Garners a New Look and Exceptional Amenities through Innovative Funding
Commuters along Philadelphia's Schuylkill Expressway have been able to witness an evolution in affordable housing. Tasker Homes had stood in the shadow of the highway since 1941. Recent times saw the city's oldest public housing project plagued by...
The Art of Self-Defense: A Primer on Risk Management from the Claim Manager for the Institute's Professional Liability Insurer
Property managers are increasingly targets of professional liability lawsuits, often by disgruntled clients. There are, however, several basic risk management steps a manager can take in self-defense. ScreenClients Careful client acceptance and...
The Design of the Deal: Creative Tactics to Negotiate Management Agreements and Capture Business, without Sacrificing Fees
HOW DO YOU TRUMP THE COMPETITION AND CONVINCE OWNERS YOUR PRICE IS RIGHT? [ILLUSTRATION OMITTED] Do your homework, prepare your strategy and don't rely on slicing fees to secure a contract, according to Richard Heymann, featured speaker at the...
The High Cost of Cheap Management: Untrained and Inexperienced Managers Present a Major Liability to Owners, Insurers and Tenants
My experience as a professional property manager and an expert witness for both plaintiffs and defendants brings me face-to-face with the realization that in their quest for cheap property management, owners are putting their insurance companies, tenants...
The Long Arm of the Law: Renewed Emphasis on Ethics Means the Institute Must Promote Professional Integrity
Unless you live in Minneapolis, you've probably never heard of the University of St. Thomas. Even if you have, you probably aren't aware St. Thomas has a brand new law school, which has as its vision "supporting and encouraging" its students' "deepest...