Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 70, No. 1, January-February

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City of Atlanta Seeks Quality Retail Management Firm to Oversee Public Vending Program The City of Atlanta (the "City") is seeking proposals from qualified firms or team of firms to plan, implement, and manage on an on-going basis, a Public Property...
All in the Family: Dena Langner's Father Helped Ignite Her Excitement about Property Management; She's Kept the Flame Alive with a Meteoric Rise to Her Chapter's Leadership
When Dena Langner, CPM, was younger, she would have bet on the fact she'd become a doctor someday. But, when a teenaged Langner accompanied her property manager father on a site visit, she realized not only that a property management career meant no...
And the Winner Is
Thanks to those Journal readers who cast their ballots in 21 categories for the 2004 Readers' Choice Awards. The ballot was included in the Sept/Oct 2004 issue and was posted on www.irem.org for eight weeks. The Journal of Property Management is pleased...
Choice or Chance?
Should we leave the destiny of our profession and the Institute to choice or chance? Should we wait to be discovered as other professions strengthen themselves by competing against us for the best up-and-coming students to join their ranks? Should...
Condo Management, Italian-Style: Absence of Both Regulations and Association Involvement Mean Scarce Direction for Condo Managers
Italy leads the world in the number of condominiums in private buildings yet, incredible as it may seem in a country full of rules and bureaucracy, there exists not a single regulation governing the people who manage housing for 80 percent of Italy's...
Education Conference Wrap-Up: New Officers Installed in Nashville
President Anthony W. (Tony) Smith, CPM, was elected president of the Institute at the recent Education Conference in Nashville. Smith had been serving as the Institute's president since March, and his new term will last until November 2005. Smith...
Esprit De Corps: IREM's New EVP/CEO Shares His Thoughts about Leadership and Vision for the Future
The Institute welcomed Russell C. (Russ) Salzman as its new executive vice president and chief executive officer last fall. He recently spoke with the Journal about his personal management style and ideas for developing IREM's resources and guiding...
Front-Load the Back Office: A Host of Digital Solutions Help Managers Reduce Costs, Analyze Spending and Limit Paperwork
Typically most real estate companies do not realize where their money is being spent. At a high level they understand the impact of real estate insurance, taxes and debt payments. When one looks further, often it is difficult to understand the amount...
Golden Years: Robust Education and Scholarship Programs Highlight This Chapter's Half-Century Achievements
Houston Chapter No. 28 turns 50 this year, but from the youthful exuberance stemming from its chapter leaders and the continually growing member ranks, you'd think it was still in its teens. To mark the milestone the chapter has planned a gala event...
Industry Power Panel: Read What Commercial Real Estate Leaders and Insiders Told the Institute's President about the Economic and Property Management Outlook for 2005 in a Wide-Ranging Roundtable Discussion
Tony Smith, CPM: We've referred to this group as an industry "Power Panel," and I figure there's over 150 years of collective experience with a diverse group of participants, companies, roles and product types. I really look forward to your insights...
In or out? Catch the Latest Buzz about Outsourcing and Offshoring and Their Influence on Office Vacancy Rates
Some industry experts are projecting sizeable office vacancies due to offshoring of American jobs to India, Russia, China, the Philippines and other foreign locales, while other insiders who believe in the continued re-inventiveness of American business...
In Vogue: State-of-the-Art Green Facilities, an Eatery Designed by Frank Gehry and Digital Signage Dress This Stylish Skyscraper
Located at the "Crossroads of the World," 4 Times Square is Manhattan's first green office tower and home to media powerhouse Conde Nast. Developed, owned and managed by The Durst Organization, the 48-story building's tenant roster also includes NASDAQ's...
It's All about Relationships: A Twin's Perspective on the Power of Positive Interaction
I've known that relationships are important forever because my identical twin, JoAnne, has taught me some powerful lessons over the years. First, she taught me that relationships are fun! When we were growing up, I had a full-time playmate who laughed...
Marching Orders: Practice the Maneuvers to Carve a Niche in the Booming Military Housing Market
THE INITIATIVE HEARD 'ROUND THE COUNTRY Eight years ago, an act of Congress transformed the look of today's military housing. Motivated by the shortage and poor condition of Armed Forces housing and a dearth of federal funds to modernize it, legislators...
Meeting Highlights
The IREM Education Conference in Nashville attracted more than 600 members and featured more than 40 education sessions, including hands-on learning labs, panels and discussion groups. The conference's two keynote speakers, Jeff Thredgold and Dr. Jeff...
Pay Now, Pay Later? New Deferred Compensation Legislation Poses Significant Risks and Penalties
The American Jobs Creation Act of 2004 contains provisions that drastically change the design and operation of all nonqualified deferred compensation plans and will have an immediate, material and potentially adverse impact. All executives and companies...
Set Up to Win: Learning to Manage "Poor Performers" Saves Time and Money in the Long Run
Much has been hypothesized about why relationships between managers and their direct reports break down. In a survey by management consulting firm Pinnacle Performance, recently departed employees from more than 400 different companies were asked their...
Speedier Recovery: The American Jobs Creation Act Brings New Depreciation, Deduction and Exclusion Rules
The American Jobs Creation Act of 2004 is the most significant overhaul of corporate and international taxation since the Tax Reform Act of 1986. The legislation contains several provisions favorable to real estate investors and REALTORS. Two other...
Strive for the Top: Industry Experts Detail the Top Qualities of Effective Property Management Leaders
Chuck Lowen's, CPM, early experiences as a leader were a baptism by fire. Fresh out of the Air Force, he took a job as property manager for Denver-based Urban Housing Associates, which at the time was developing Section 236 rent-subsidized properties....
Wild, Wild West: A Continued Vegas Boon Highlights the Western Real Estate Markets; Utah and California Keep Pace
Nevada: Roll the Dice It's a safe bet to assume gangster Bugsy Siegel would be very pleased if he saw the current growth on the stretch of desert he settled more than 50 years ago, otherwise known as Las Vegas. Any casual visitor to Sin City will...