Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 77, No. 3, May-June

A Big Thank You
I'm writing this note 36,000 feet in the air on the way to meet with our members in Korea Chapter No. 112. [ILLUSTRATION OMITTED] With a little bit of altitude and a bird's eye view of my first quarter as President, I can't help but reflect upon...
A Community Home: The Residents of Winter Park, Fla., Rallied around Casa Feliz to Preserve a Historic Gem
Preserving history comes in many forms. To ensure the survival of Casa Feliz, a historic home museum in Winter Park, Fla., the community stepped up and took action. The community's perseverance and dedication allowed the home, which was designed and...
A Dilemma for Commercial Owners
Medical marijuana Is a tricky issue to some commercial property owners, in states where possession and dispensing of the product is permitted. It has always been notoriously easy to cultivate and process small amounts of marijuana for personal use...
AMO Firm
FOLLOWING IS AN EXCLUSIVE INTERVIEW WITH SCOTT WILDER, CPM, EXECUTIVE CPM OF THE RESIDENTIAL DIVISION OF LINCOLN PROPERTY COMPANY, AMO * How did you get started in the property management business? Everybody's story about where they started their...
A New Beginning: Bridge Communities, a Dynamic, Grassroots, Non-Profit Organization, Is Committed to Transforming the Lives of Homeless Families in DuPage County, Ill. through Partnering with Groups within the Community
He was particularly moved by the plight of the children. "That just flew in the face of everything that should be happening to children," he said. After seeing too many homeless children suffering, Milligan decided to make a change. Joining forces...
Awards and Recognition Career Moves
Jennifer Paneral, CPM, [LEFT] was sworn in as Houston Apartment Association President at the HAA 2012 Installation and New Year Gala. Pictured here is Paneral with IREM Houston Chapter President, Kathy Vandegaer, ARM, CPM [RIGHT]. [ILLUSTRATION...
Buoyancy in Boise
Idaho's unlimited recreation, low cost of living, highly educated work-force and untouched consumer market are drawing people and businesses to the area, particularly the state capital. "Boise is an interesting town," said Mike Attiani, CPM, director...
Condominiums in Poland: A Transitioning Housing Market Creates Challenges and Opportunities
It has been 23 years since the collapse of the Soviet Union and the other communist regimes in Eastern Europe, marking Poland's movement from state-controlled communism toward market capitalism. With the change to a free market economy, housing stock...
Contractual Duties
The Institute of Real Estate Management (IREM), its CERTIFIED PROPERTY MANAGERS (CPM) Members and Ac-CREDITED MANAGEMENT ORGA-NIZATION (AMO) Firms justifiably take great pride in their contract drafting skills, precision with words and overall documentation...
Creative Enhancements and Upgrades: Lessons Learned in Provence, France and Las Vegas
Long before ROI became the main-stream media's buzzword du jour, it was the acronym that real estate owners and operators used to determine whether an investment-related decision was a go or a no-go. In crafting a management plan to fit a particular...
Diversity Delivers: Four Tips for Embracing Differences: Hypotheses Abound about How Much We Could Accomplish If Cloning Was Possible-Yet, It Doesn't Sound Appealing to Me. One: I'm More Productive and Creative When I Work with Others. and Two: How Boring!
It's crucial to recognize that diversity is not a matter of groups, but individual differences. Everyone is unique and when qualities are automatically attributed to those who have a particular trait in common with others, difficulties arise. Diversity...
Elevated Concern
Earlier in the year, a woman found herself stuck in the elevator of a building on the campus of Cal State University Long Beach. She tried to crawl out to the third floor when the elevator, weighing over 2,000 lbs., moved, crushing her and killing...
Hundreds of CPM and CCIM Institute Members Gather Forces in Washington, D.C
On April 18, 2012 IREM celebrated its 15th annual Capitol Hill Visit Day in Washington, D.C. This year, hundreds of CPM and CCIM Institute Members joined forces on the Hill in conjunction with the REM Leadership and Legislative Summit. It was a huge...
In Broad Daylight: Let a Little Light into Your Cleaning Program
Day cleaning is an often-overlooked opportunity to offer improved building services while also reducing energy costs. Though it will be a new idea for many owners and tenants, the benefits--lower energy costs, improved tenant satisfaction, greater...
IREM Foundation Helps Students Grow
The Paul H. Rittle, Sr. Memorial Scholarship, created in the late 1970s, was the beginning of a nondiscriminatory process which has helped a large group of beneficiaries. Today, the IREM Foundation has four scholarships in place to provide financial...
Power It Up with the Personal Ask
It's a Nightmare Come True: Your association board meeting is a bust. Halfway through the meeting you realize that things are definitely going downhill and your company's shining light is diminishing by the minute. People you thought would show...
Telecommuting. Do You Agree with It? Does Your Company Agree with It?
yes Absolutely. In the Real Estate Investmer7 department at Nationwide Insurance, where I worked until my recent retirement, everyone was issued a laptop, rather than a desktop computer, so we all had the ability to telecom-mute. It gave us the...
The New Senior Housing Market: Senior Housing Communities Expand Campuses and Services to Accommodate Changing Market and Anticipated Demands of Future Boomer Residents
The aging Baby Boomer population may be exploding, but new senior housing developments are not. The economic downturn and resulting financing constraints have slowed construction of new senior housing facilities of all types, while the poor housing...
Transformational Leadership in the New Age of Real Estate
[EXCERPT] CHAPTER 6 TRANSFORMATIONAL LEADERSHIP Today, the real estate industry searches for talent while seeking to retain outstanding leaders and next-generation stars. The failure to attract leaders in the 1990s is now an industry crisis. It...
Unwanted Neighbors: Keeping Condominium Transfer Rights in Your Favor
* THE PROBLEM In the current market, it is easy to overlook issues pertaining to condominiums. However, one issue that has cropped up recently is the potential loophole in the assignment of a condominium unit. Generally, condominium declarations...
What Would You Do? We Have All Witnessed Unfortunate Situations Where a Reputation Has Been Seriously, Possibly Irreparably Damaged by a Lapse of Judgment. Sometimes This Can Occur Just as Easily from Inaction as from Action
Learning from the actions of others and the consequences of those actions may be the best way for us to achieve the personal and professional reputation that we desire. [ILLUSTRATION OMITTED] In a recent fair housing case, a property owner and...