Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 70, No. 5, September-October

Academic Achievement: Developers and Managers Target Off-Campus Student Housing Opportunities
Private, off-campus student housing is big business as enrollment outpaces dorm spaces at universities around the country. Given the growing baby boom echo and the increased percentage of young people attending college, demand primarily at large, public...
Capitalizing on Capital: Streamlining Technology Can Increase Revenue and Lower Operating Costs
The continual struggle in real estate is identifying the best use of capital. [ILLUSTRATION OMITTED] Most real estate companies began by arranging deals through acquisitions of fully developed assets or by identifying unique opportunities for...
Chicken Little or Cautious Optimist: Could Rising Cap Rates Cause the Next Industry Crisis?
Long the standard valuation tool for the real estate industry, capitalization, or cap rates, are no longer the predictable equation they have been in the past. Cap rates have been on the decline for the past three years and are now at historic lows....
Considering Megan's Law: Weigh Pros and Cons of Disclosure When Sex Offenders Live Nearby
Recent focus on sex offender registries and notification, paired with increasing accessibility to information regarding sex offenders, has sparked debate about apartment managers' and other real estate professionals'--including home sellers and residential...
Go Green: "Greening" Has New Meaning for Energy-Aware Developers
A high-end condo building in New York saves energy by using heat-and-motion-activated lights in the stairwells. In California, developers reduce water consumption by installing low-flow faucets and shower heads and low-flush toilets. And in Chicago,...
Heightened Inspections: Periodic Inspections Maximize a Roof's Life
Roofs represent a principal component of the building envelope, fulfilling functions critical to a building's performance. Unfortunately, building owners and managers often overlook roofs until leaks arise. Moisture migration can go undetected for...
IREM Fights Forced Access Legislation across the Country
IREM and the Real Access Alliance (RAA) strongly oppose forced access to property by telecommunications companies. More than 30 states have debated the issue. Massachusetts adopted such a proposal before it was rejected by the state's Supreme Court....
IREM's Leaders of Tomorrow: CPM Advances "Cinderella Story" Career through Scholarship
Jacqueline Harris, CPM, has experienced a whirlwind of achievement since receiving the IREM Foundation Minority Outreach Scholarship in 2000. At the urging of one of her past employers--Randy Moore, CPM, and past president of Greater Los Angeles...
"Links" to the Landscape: From Its Golf Course Links to Its Historically Themed Hallways, Property Captures Essence of Arizona
Paying tribute to the people, events and landscape shaping Arizona's cultural heritage, the Westin Kierland Resort in Scottsdale, Ariz., connects visitors to the state's rich history and natural beauty. Host to 735 guest rooms, a spa, more than...
Looking Forward to Lucky 13th Education Conference
Our annual IREM Education Conference offers one of the most extraordinary learning opportunities in the industry. I make this statement with confidence because this November will mark attendance at my lucky 13th IREM Education Conference. [ILLUSTRATION...
New @ IREMFIRST
One of the best member benefits IREM has to offer--IREMFIRST (For Information, Resources, Solutions and Training)--is now even better than before. Check out the latest additions to IREMFIRST: * Time Value of Money Online Skill Builder -- One of...
Road to Productivity: Motivate Team and Revel in Results
Keeping our teams motivated is always challenging. Here is a "Top 10" list of methods for keeping our teams energized and performing well: [ILLUSTRATION OMITTED] 1. All employees want to be asked their opinion now and then. Ask team members what...
Sea of Change: Advanced Operations Structures Could Be Future of Property Management
What is the next revolution in real estate operations? It's probably not a question we often ask ourselves, but as industry leaders the responsibility of vision and change fall to us. We should set the bar high--in the spirit of Ford when he conceptualized...
Selling Points: Residents' Attitudes in Northwest Impact Expansion of Big-Box Stores
Big boxes bombard Boise Boise, Idaho, and surrounding areas seem to be on the radar this year as more and more national big box retailers are seeking to set up shop in a market experiencing above average growth, said Brook Blakeslee, Western Regional...
Solving Complex Issues: Retired Cop Maps out Computer-Based Security for Multi-Family and Commercial Use
After responding to apartment complex emergency calls for 17 years and getting lost among unnumbered, incorrectly numbered or randomly numbered apartment units, former Sgt. Dennis Keys developed a solution to protect residents and officers. [ILLUSTRATION...
Urban Renewal: Return to Urban Living Creates Opportunities and Challenges for Property Managers and Owners
Think of Atlanta, and phrases like "traffic congestion" and "urban sprawl" come to mind. During the busiest parts of the day, the city's surface streets are lined bumper-to-bumper with commuters waiting either to enter the city to start the workday,...