Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 63, No. 3, May-June

Allocation of "Basis" to Increase Depreciation Deductions
When an investor acquires a parcel of income-producing real estate, he or she also acquires something of importance for income-tax purposes, namely, "basis." Basis is used to designate the amount of an investor's capital investment in the property acquired....
Before You Get Soaked, Spot Roof Leaks
Spot Roof Leaks It is a problem people have been dealing since the dawn of civilization - how to repair the roof leak! Roofing contractors have tried to locate and repair roof leaks in one way or another to prevent further damage to property. With each...
Benchmarking Real Estate Investment Performance: The Application of Real Estate Indices
Ed. Note: This article is the second in a JPM series on benchmarking practices in real estate management. It is based on a presentation by Mr. Maxwell at the 1997 Institute of Real Estate Management Asset Management Symposium. Nearly all of the real...
Between the Lines: Profitable Garage Management
Profitable Garage Management Depending on your viewpoint, parking facilities are either a major nuisance - the president of your biggest tenant gets his Mercedes dinged - or a great opportunity. Sometimes they're both. Whether good or bad, parking...
Making Your Point in a Visual Age
Not too long ago, real estate presentations to large audiences were predictably uninspiring. "We'd put up a lot of dense information on a screen and expect people to absorb it," says Craig Cardwell, CPM[R], a business advisor who often makes presentations...
Strength in Numbers
Savings through quantity purchasing If you think back to "Economics 101," you probably remember the concept of economies of scale - the bigger you are, the less things will probably cost. In recent years, many industries, including real estate, have...
Telephone Terror
Faster than a speeding bullet....more powerful than a locomotive...Look...It's Leasing Lynda on the telephone. The telephone is the most neglected leasing and marketing tool in the multi-housing industry. We spend thousands and thousands of dollars...
The Power of Persuasion
Maya has a problem. The renovation project on her complex's community center is behind schedule, and the residents are complaining because they cannot use the pool. Each time Maya telephones the contractor's office, she speaks with a different person...
The Renovation Revolution
Nineties Value in a Seventies Box Even in the booming Florida apartment market, a 25-year old garden apartment with so much water damage that 78 units had been condemned by the city seems an unlikely buy for a REIT. But thanks to a renovation by Pinnacle...
The Wired Apartment
From the outside, it would be difficult to believe that Princeton at Mt. Vernon is one of the most high-tech apartment communities in Massachusetts. Even with recent rehabilitations, the property's architectural design clearly identifies it as an apartment...
Turning Silver into Gold
Two important realities, if fully grasped by America's residential real estate industry, will provide significant opportunities for business growth: 1. Between 1998 and 2010 housing demand will undergo a massive shift from the under-55 to the over-55...
Your Own Little Utopia
Amenities most people just dream about are featured is some of today's newest apartments. Imagine driving down a beautifully landscaped road to reach the gates of your new apartment complex. By pressing a single button on a remote control, the gates...