Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 67, No. 3, May

AMO[R] Firms among NMHC Top 50. (News Extra)
Nearly 30 percent of the country's Top 50 Apartment Management Firms as rated by the National Multi Housing Council, are ACCREDITED MANAGEMENT ORGANIZATION(r) (AMO(r)) firm members of IREM. Fourteen AMO firms made the NMHC 2002 list, including Pinnacle...
Best of Times for Change Makers. (Viewpoint)
These are the best of times--for those who are ready to change. Despite the recent economic downturn, there are unlimited opportunities within the teal estate industry to create wealth, cash flow and jobs through transitional events. However,...
Caution: Double-Dip Recession Ahead?
Certain economic conditions suggest the current recovery may be short-lived, and that a more serious "double-dip" recession could lie ahead. Property and asset managers must be able to interpret the economic climate in real time in order to identify...
Creating Meaningful Corporate Philosophy. (New You)
Too many of today's companies develop fashionable philosophies that are a poor fit for their employees. Often mission, vision and value statements are ambiguous. Imagine you are a new employee, and the organization you work for tells you to believe...
Defeasance Unlocks Equity Value. (Legal Issues)
Thanks to hard lessons learned from the last surge in real estate development and subsequent downturn, most real estate markets today are not overbuilt with new projects waiting to be filled with tenants. While rental rates have softened in many markets,...
E-Mail: A Direct Connect to IREM
Whether it's listing your properties on the Internet or utilizing software that allows you to directly access information about your facility, the Web has changed, and improved, the way real estate works. The Institute of Real Estate Management...
Entrepreneurs Make a Difference. (Interview)
The real estate industry has often been characterized as being entrepreneurial in nature. Yet, what does this mean, and what does it take to become a "real" entrepreneur? To find out, JPM talked to one of real estate's most successful entrepreneurs:...
E-Tools Key to Energy Management
Faster approvals on projects that reduce operating expenses are in everyone's best interest. Managers get faster feedback from owners, owners and tenants enjoy savings sooner, and vendors see shorter sales cycles. Of course, owners can't approve a...
Industrial-Strength Retrofits: As the Saying Goes, "When Life Hands You Lemons, Make Lemonade"
A cross the United States, many real estate markets are responding to weaker industrial conditions by recycling and retrofitting vacant properties to meet the changing needs of today's industrial space user. Industrial products must withstand growing...
Mix 'N' Match: A Desire for Convenience and Community Is Driving Demand for Mixed-Use Properties
For many, the ultimate convenience is being able to catch an early workout, indulge in a morning Starbucks ritual and pick up the dry cleaning, all without leaving home. After years of struggling with traffic, pollution and long commutes, Americans...
Passport to Opportunity: U.S. Real Estate Firms Test International Waters
Multi-national clients are driving the growth of United States-based real estate companies into international markets. On the property management side, corporations operating facilities worldwide require professional management of those properties....
Pet Policy Aims to Help Owners and Managers. (Legislative Update)
In the wake of the California's killer dog trial, in which lawyer Marjorie Knoller was found guilty of second-degree murder and both she and her husband Robert Noel were found guilty of manslaughter for their dogs' fatal mauling of a neighbor, property...
Power Surge: Fueling Your Bottom Line with Energy Efficiencies
Nearly 90 percent of the estimated five million commercial buildings in the United States are more than 15 years old. Consequently, during construction of these buildings, builders could not take advantage of the energy-efficient technologies now standard....
President's Letter
Going Global: IREM(R) Pursues International Growth It's no secret that real estate is a cyclical industry, which has evolved from a local business to a global one. In today's market, investments are increasingly diversifying, and capital is seeking...
Real Estate Recruits: The Military Enlists Private Sector Property Managers
Opportunities afforded the real estate industry through the military's public private ventures (PPV) can be enticing, but if you're interested in enlisting, be forewarned: You'll need to make it through boot camp first. Companies like Jones Lang...
Sun Block: Window Film Lets in Daylight
Solar heat gain through east, south and west facing windows is a serious problem for buildings in Sun Belt climates and even in cities such as Seattle, Chicago and Boston. Computers, lighting and people are already generating heat. Large expanses of...
Team Building across Time Zones
In 2001, 568 students in 10 different countries attended 69 IREM International courses. Clearly, these numbers indicate the growing global reach of IREM. The long-term goal of IREM's International Program is to establish IREM as an accessible, inclusive...
The ABCs of AEDs. (Management)
Equipping your facility with an AED can mean the difference between life and death. According to a recent report from the Centers for Disease Control, between 400,000 and 460,000 people in the United States die annually from sudden cardiac arrest...
The Big Squeeze: Incentive-Based Compensation Benefits Both Owners and Property Management Companies
Our economic picture is looking rosier again. However, the pressures that drove down property management fees in recent years continue to have their effect on the real estate industry. Property owners are understandably demanding efficiency at every...
The Selling Power of Curb Appeal. (Maintenance)
As the saying goes, "You never get a second chance to make a first impression." Whether it's an icy parking lot or gum on a shoe, never underestimate the impression exterior services makes on the patronage of your retail center While brand recognition...
Your Web Site in Your Wallet. (Technology)
Compact disc business cards are fast becoming one of today's most widely heralded marketing tools. Today's companies are using CD business cards, CD-R business cards and shaped CDs to create multimedia presentations that promote their services....