Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 73, No. 4, July-August

A Look Back at the World in the 1970s & 1980s
1970-1979 POPULATION > 204,879,000 UNEMPLOYMENT > 4,088,000 NATIONAL DEBT > $382 BILLION AVERAGE SALARY > $7,564 LIFE EXPECTANCY > FEMALES 74.8 YEARS; MALES 67.1 YEARS FOOD PRICES > MILK 33 CENTS A QUART; BREAD 24...
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...
Condominium Success Hinges on Management
Ask anyone who has even the slightest knowledge of real estate activity today, "How are condominiums going?" and the answer will probably be: "It's sensational!" From all outward signs, that answer is true from many parts of the country, and "condominium...
Every Drop Countsl: Water Conservation Is a Smart and Sensible Way to Reduce Energy Costs
Today, building owners and property managers across the country are focusing on water efficiency to achieve cost savings and demonstrate a commitment to green policies. Although water and sewer costs can be one of the lowest bills for property managers...
High Demand for Real Estate in Russia Creates Need for Property Managers
Thanks to a burgeoning economy, Russia's real estate market has been experiencing a steady growth for eight years. The amount of investment has nearly tripled in the last two years alone and the demand for property managers is on the rise. "The...
Higher Learning: How University Offerings in Real Estate Education Have Advanced
Real estate is a relatively young profession. It began as a reallocation of functions previously performed by other occupational groups on a part-time basis. It wasn't until the early 1900s that the first real estate boards were formed to address problems...
IREM Foundation Supports Student and Academic Outreach Initiatives
The threat of a talent shortage within the real estate management industry looms on the horizon. According to the U.S. Department of Labor, the need for real estate managers is expected to increase by 15 percent during the 2006-2016 decade. Along...
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 can find the translations of the article "fear no change," by Larry Schwenker from the May/June 2008...
Live to Learn: Professional Development after Your IREM Education
ONE OF THE GREATEST AND MOST FREQUENTLY DOCUMENTED CHALLENGES FACING OUR INDUSTRY TODAY IS A PROJECTED SHORTAGE OF HUMAN CAPITAL While IREM is proudly celebrating its 75th anniversary this year, most people are just beginning to recognize the importance...
Making the Switch: Moving from Residential to Commercial Real Estate Requires New Approach
I was recently asked, "What is your first memorable experience in commercial real estate?" Having been in the industry only two years, the query made me pause and consider my response. My current role centers on property management, so the answer...
Occupancy Doesn't Matter: Improve Your Profits by Turning Your Staff's Attention to What Does
Most property managers watch occupancy reports like a howk watches a mouse in a field. Which way is it going? Where will it go next? Property management has been concentrating on occupancy rates for so long that it is the major prey in our sights,...
Online Leadership Assessments: Using Technology to Facilitate Performance Feedback
Despite its limitations in evaluating certain human characteristics, technology can successfully facilitate leadership development. Two of the most notable areas where technology supports this development are leadership assessments and training. ...
Raise the Roof: Green Roofing Options Offer Lower Energy Costs and Better Aesthetics
ENERGY EFFICIENCY AND ENVIRONMENTALLY SOUND DESIGNS ARE BECOMING INDUSTRY STANDARDS. AT THE SAME TIME, MANY CORPORATIONS AND MUNICIPALITIES ARE REQUIRING GREEN AND SUSTAINABLE PRACTICES THROUGHOUT THEIR BUILDINGS. In this environment, you must always...
Reduce. Reuse. Recycle. Cut Your Costs with Office Recycling ... Just Have Your Tenants on Board First
Commercial real estate organizations have always looked for ways to reduce costs and in recent years, have begun to look for ways to reduce their environmental impact. However, many of these methods don't ask for support from the property's employees....
Road to Recovery: New Software Solutions Boost Expense Recovery Calculations by Catherine Malear, Yardi Systems
Commercial and retail property owners and managers collect estimated costs from tenants and assess a percentage of the hard costs for each tenant. Sounds simple, but it's not. Complications abound, including varying numerators and denominators, base...
RVP Corner: Water Conservation
In RVP Corner, JPM shares the thoughts and opinions of an IREM Regional Vice President on a single topic covered in the current issue. As Region 4 Vice President, Brett Koutnik, CPM[R], oversees the activities of the five IREM Chapters in Florida...
RVP Watch
IREM announces the 2009-2010 Regional Vice Presidents. They were elected at the Leadership and Legislative Summit in April, and will serve for a two-year term. Region 2-Jesse Holland CPM[R] Sunrise Management & Consulting, AMO Latham,...
The Art of Sustainability; MCA Denver Showcases the Latest and the Greatest in Contemporary Art and Green Design
On the outside, the Museum of Contemporary Art (MCA) in Denver is a discreet, coolly elegant structure. Inside, however, visitors are welcomed by an explosion of innovative space dedicated to showcasing modern art in the most contemporary way through...
This Is Our Time: Celebrating IREM Accomplishments and New Endeavors
It's hard to believe, but here we are, officially into the second half of 2008. Even though time has flown by for many of us, we surely can admit it's been a bit of a roller coaster year with the housing and lending markets, factors within the economy...
Tools of the Online Trade: Make Internet Ads Work without Breaking Your Budget
As both a marketing assistant for a property management firm and a renter, Jacki Vipond knows the value of free online classifieds. In her job with Christopheson Properties, St. Louis Park, Minn., she posts ads every day to market apartments on Craigslist.com,...
True Value: Ethics Are the Heart of a Company's Core
Whether by design or by default, every organization has a culture. When viewed as the manifestation of the intentionally defined core values of an organization, the culture helps define how employees interact with each other, their clients and the...
View from the Hill: One IREM Member Shares Her Capitol Hill Experience
On April 16, 275 IREM and CCIM Members attended 220 meetings representing 40 states at IREM's 11 th annual Capitol Hill Visit. I was one of those IREM Members. The trek to Capitol Hill was the culmination of IREM'S Leadership and Legislative Summit...
Viewpoint: The Property Manager in the 1980s
It is in the area of human resources that the most significant changes will occur in property management during the remaining years of the 1980s. To meet the challenges of the future, property management will require expertise in physical maintenance,...