Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 68, No. 6, November-December

Boston's Mixed Bag: Despite Varying Market Indicators, Real Estate Is Looking Up
Like the city's famous clam chowder, the Boston real estate market is a mix of ingredients, including increasing vacancies, dropping rents and increased construction starts. After nine quarters of negative absorption, the Boston commercial real estate...
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Brazil's Locomotive: Sizeable Sao Paulo Drives National Economy
Sao Paulo is indisputably the economic heart of Brazil. It is also its largest city located in the state of the same name in the Southeast region of the country. Measuring 590 square miles, Sao Paulo has a population of more than 11 million, of which...
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Conservation vs. Convenience: Load for Load, Common Area Laundry Rooms Make Cents
Again this spring, municipalities across the nation mandated water restrictions to manage drought conditions. In addition to implementing immediate water reduction strategies, many municipalities reviewed their long-term water conservation plans and...
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Fighting the Good Fight: When It Comes to Tenant Disputes, Managers Should Stay out of It
Given the litigious nature of society, landlords undoubtedly will face situations where tenants dispute each other. These incidents often concern the proverbial "dog bite." More serious cases also occasionally occur, such as where one tenant steals...
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Give Me Liberty: Famous Properties
Liberty Station, a new 361-acre mixed-use campus in San Diego located on the site of the former Naval Training Center (NTC), pays homage to the spirit and service of the 1.75 million recruits who received training there during the Center's 74-year...
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Go with the Flow
Faced with high vacancies, reduced rents and struggling bottom lines, multifamily professionals are turning to non-traditional solutions. In order to replace today's negative economic environment with a more positive one, some property practitioners...
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Homing in on Manufactured Home Makeovers
Manufactured home land-lease communities (mobile home parks) continue to enjoy a near-universal sellers' market. Like their conventional garden-style apartment counterpart, A and B grade manufactured home communities (MH Communities) are experiencing...
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In August, IREM[R] President Patty Nooney, CPM[R], Spouse Patrick A. Byrne, CPM, and IREM International Programs Manager John Gherardini Traveled to Brazil, Argentina and Chile
* In August, IREM[R] President Patty Nooney, CPM[R], spouse Patrick A. Byrne, CPM, and IREM International Programs Manager John Gherardini traveled to Brazil, Argentina and Chile. The Institute traveled to Brazil and Argentina as part of a larger NAR...
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IREM F.I.R.S.T., a New Member Benefit
IREM[R] F.I.R.S.T. (For Information, Research, Solutions and Training) is an online knowledge management database created by the Institute and designed to afford members with a wealth of information, documents and research on topics they need to effectively...
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Listing Lingo: Online Listing Services Are a Real Time Saver
Time-strapped renters are increasingly turning to the Internet when hunting for their next apartment. To meet the demand, a number of online apartment listing and relocation services have cropped up, each one offering a growing list of features and...
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Meeting Industry Challenges with New Services, Benefits
This year our focus has been to provide members with information and benefits they need to manage the challenges posed by today's real estate industry. The result has been significant new services including: * IREM[R] F.I.R.S.T Our finest example...
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Multifamily Solutions: Today's Apartment Residents Demand High Quality and Value. These Resources Can Help You Differentiate Your Communities from the Competition
www.antron.dupont.com Best known for the development of nylon 70 years ago, DuPont offers a range of commercial carpet fiber products that meet the specific needs of the commercial flooring market. Its Antron[R] Legacy nylon (white dyeable fiber)...
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Real-Time Rentals
Annual tenant turnover reached 60.5 percent last year, while vacancy and rent loss increased as much as two percent above 2001 levels, according to the 2003 IREM[R] Income-Expense Analysis[R]: Conventional Apartments study. Low interest rates are enticing...
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Redefining Service Standards: Capitalize on Marketing Opportunities and Retain Residents
Daily headlines like Condo Craze Continues and Home Sales Hit Another Record High are blatant reminders home ownership is still the "American Dream" as well as a huge challenge for our industry. In this environment, attracting and retaining residents...
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Renew and Improve: Multifamily Makeovers Help Retain and Attract Apartment Residents
Little changes can mean a lot in today's multifamily rental market. The tough economy has forced managers and owners alike to become extremely creative in offering competitive resident services--services costing the management company little or no...
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Resident Experts: ARM[R] Members Weigh in on the Changing Role of Resident Managers
Once home to room-and-pop operations, the multifamily industry has come into its own as a specialized and sophisticated real estate sector. Initially relegated to collecting rents, changing light bulbs and showing apartments, the apartment manager...
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Rock-Solid: With the Launch of a New Firm, John Combs, CPM,[R] Sets His Sights on Reinventing Property Management
John Combs, CPM,[R] is ready to rock the property management world. The former president of Insignia/ESG's property services group, Combs has launched RiverRock Real Estate Group, an Irvine, CA-based property management and leasing firm. Recently,...
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Scoring Big: Resident Screening Scoring Models Help Mitigate Risk
Until recently, resident screening has been more art than science. Without the proper tools, tasks such as interpreting credit information, determining factors that lead to greater risk and deciding when to alter selection criteria in a changing economic...
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Senior Moments: Level of Care Critical in Underwriting Today's Senior Facilities
The past few months have seen rate reductions in the property insurance area, and senior housing has benefited from these decreases. Yet, certain factors can be managed to further lower costs and improve life safety issues associated with these facilities....
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Specialty Sector Solutions: Non-Traditional Property Types Differentiate Themselves with Back-Office Technology
Real estate comes in many forms: traditional, which includes commercial, retail, industrial and multifamily; and non-traditional, including senior facilities, student housing, parking garages, vacation rentals, billboards, parking garages and prisons....
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"The Customer Is Always Right" Motto Prevails
Despite dramatic changes in the residential property management industry during the last 70 years, the motto "The customer is always right" has remained the bottom line. "A satisfied customer--in our case, a tenant--is the best advertisement that...
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Winners' Circle: The Ballots Have Been Cast. the Votes Have Been Tabulated. Here Are the 2003 JPM[R] Readers' Choice Award Winners
The results are in and we're ready to announce the winners in all 12 categories of real estate management product and service suppliers. You, the Journal of Property Management readers, have made your favorites known in this year's Readers' Choice...
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