Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 74, No. 4, July-August

2008 Chapter Award Winners
2008 CHAPTER AWARD WINNERS Congratulations to the IREM 2008 Star Chapters that were acknowledged at the Leadership & Legislative Summit. Eighty-two chapters were recognized as One, Two. Three, Four and Five Star Chapters, demonstrating IREM's focus...
2009 IREM and CCIM Institute Capitol Hill Visit Day a Success
On April 22, over 275 commercial real estate professionals, including 250 IREM Members, gathered in Washington, D.C., to participate in the 12th annual Capitol Hill Visit Day. Members representing 40 states and the District of Columbia held more than...
Cagan
Michael Daniels, CPM[R], is director of asset management of Cagan Management Group, a firm that manages properties in Illinois, Florida, Louisiana, Indiana, and most recently, Texas. Daniels oversees all management functions of the firm and currently...
Capital Investment: Improvements Are Possible with Creativity and Foresight
THESE DAYS, PROPERTY MANAGERS NEED TO BE SAVVY ABOUT HOW THEY SPEND THEIR CAPITAL IMPROVEMENT BUDGETS--especially when they have limited funds. A whole range of projects fall under this umbrella term: replacing roofs, heating and cooling systems, or...
Close Connections Make the Most of Your IREM Family Relationships
REAL ESTATE, SO THEY SAY, IS ALL ABOUT LOCATION, LOCATION, LOCATION. AND TO ME, BEING AN IREM MEMBER (S ALL ABOUT CONSANGUINITIES. No, I won't repeat that three times. Actually, the first time I saw the word, I had to go to Webster's dictionary....
Cloud Coverage IREM Member Shares Software Strategies for Economizing Your Tech Budget
Until recently, our company was like most small- to medium-size companies in terms of its computer technology infrastructure. Our e-mail was managed via a Microsoft Exchange server; our corporate data was housed on another server within our network;...
Committed to Excellence
It's hard to believe that we're more than halfway through 2009. The year has been full of challenges and success stories; and IREM has been there through it all. In the last few months, we responded swiftly to the H1N1 flu outbreak, providing a "Swine...
Course Listings
FOR THE MOST UP-TO-DATE COURSE LISTINGS, PLEASE VISIT WWW.IREM.ORG/EDUCATION. COURSE CODES KEY ARMEXM // ARM Certification Exam ASM603 // Investment Real Estate Financing and Valuation - Part One ASM604 // Investment Real Estate Financing...
Dealing with Disaster: IREM Members Survive the Midwest Floods of 2008
Even during the best of times, property managers know they must be ready for disaster to strike. Building emergencies (fires, power outages, bomb threats, medical emergencies, etc.), weather-related emergencies (tornadoes, hurricanes, floods, wild...
Ethics Boards Active at 2009 IREM Leadership & Legislative Summit
The Board of Ethical Inquiry reviewed six new complaints. Three of the complaints were dismissed as the issues raised were not ethical violations. Three of the complaints will be investigated to determine whether there is reasonable cause to forward...
Getting Back to Basics: Analyzing Residential Operations and Diversifying Services Will Strengthen Your Company in a Challenging Economy
how does your bottom line look today? What about your clients' bottom lines? A great number of economic troubles are facing the world of professional property management, including premature breakages of residential leases; tenant businesses closing...
Hitting Back Hard Gulf Coast States Provide Opportunities for Experienced Property Managers
For the past two decades, the Gulf Coast states of Texas, Louisiana, Alabama, Mississippi and Florida have been at the center of a demographic explosion, with population rising dramatically. That population boom, led mainly by Florida, also drove...
Know Your IREM Code of Professional Ethics: Article 9. Duty to Former Clients and Former Firms or Employers
A MEMBER shall act in a professional manner when, for whatever reason, relationships are terminated between a MEMBER and a client and firm or employer. [ILLUSTRATION OMITTED] Never burn a bridge in life because you just never know when you might...
Lighten Your Load Reduce Energy Consumption in Buildings by Unplugging Electronics
FOOTBALL IS A GAME OF INCHES. YOU FIGHT FOR EVERY YARD TO MAKE A FIRST-DOWN OR TOUCHDOWN. IN ENERGY MANAGEMENT, WE FIGHT FOR EVERY QUARTER POINT OR HALF POINT OF REDUCTION. IT ALL ADDS UP. [ILLUSTRATION OMITTED] Computers, printers, copiers,...
Opportune Times Improve Marketing by Investing in Technology and Tenant Service
YOU'VE PROBABLY HEARD THE SAYING, "OPPORTUNITY KNOCKS." BUT WHEN OPPORTUNITY DOES SHOW UP AT YOUR DOOR, WILL YOU BE READY"? Sure, we all have troubles these days with properties, tenants and even employees. It's a challenge to get creative with...
Sneak Peak at Success Series 2009
Here is a preview of just a few of the education sessions offered at Success Series 2009 in Hawaii this October! Visit www.CCIMIREMSuccessSeries.com for the full schedule and registration information. [ILLUSTRATION OMITTED] Successful Women in...
Troubled Times/Troubled Properties
In RVP Corner, JPM shares the thoughts and opinions of an IREM Regional vice president on a single topic covered in the current issue of JPM and how it affects the region he or she oversees. [ILLUSTRATION OMITTED] JESSE HOLLAND, CPM[R], OF ALBANY,...
Trust in Training Uphold Your Duty to Employees by Keeping Them Informed and Prepared
THE PROPERTY MANAGER'S JOB IS ALWAYS A CHALLENGE, WHETHER TRAINING NEW EMPLOYEES OR STARTING AT A NEW SITE AND HAVING TO RE-TRAIN EMPLOYEES WHO HAVE BEEN THERE FOR SEVERAL YEARS. The essential things to emphasize from the start include providing good...
Understanding EPA's New Renovation, Repair Painting Rule: Now Is the Time to Prepare for Compliance
In April 2008, the U.S. Environmental Protection Agency (EPA) published its Renovation, Repair and Painting rule in the Federal Register. This law, which becomes fully effective on April 22, 2010, will create new regulatory requirements for renovations...
Windy City Icon the Federal Reserve Bank of Chicago Building Exudes a Sense of Pride and Prosperity
With financial institutions throughout the country making headlines during today's economic crisis, the larger-than-life image of banks has begun to shift. However, in the center of Chicago's financial district, the Federal Reserve Bank of Chicago...