Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 71, No. 1, January-February

AEGON Center Exudes Powerful, Modern Presence within Historic Louisville, Ky
Louisville, where bourbon and horse-racing reign supreme, has deep historical roots. However, modern luxury has inched its way into the Bluegrass State and is being embraced by Louisville's corporate elite. No building reveals this trend more than...
Alternative Work Schedules: Employers Benefit When Employees Have Choices
Employers are increasingly permitting employees to customize their work arrangements through alternative work schedules. Employees often seek flexibility to allow more time to care for children or elderly parents or simply to improve work-life balance....
Back to the Future: Historic Properties Offer Unique and Lucrative Management Opportunities
Everyone has heard it before: What's old is new again--fashion, pastimes and most important, real estate. Owning, restoring and managing historic properties is a niche market gaining momentum. Building owners and property managers reap the benefits...
Big Challenges in Big Easy: Gulf Coast Real Estate Managers Improve Disaster Plans
Behind the force of Category 4 Hurricane Katrina, came damages estimated from $70 billion to $130 billion, making it one of the most costly storms on record. For property managers, the cleanup effort is twofold: They must rebuild their portfolios...
Building Value: Ever-Evolving Property Management Profession Combats Age-Old Misconceptions about the Field While Trying to Attract New, Valuable Practitioners
Richard Muhlebach, CPM, got his first job as a property manager in 1971. While Muhlebach walked with his father through the regional mall he managed, showing off the 85 stores under his charge, his dad asked why the mall needed the newly minted property...
Capital Markets: Power Panel Discusses Value Property Managers Add through Understanding of Properties and Market
Property managers are as valuable as the properties they keep or rather, the knowledge they keep about their properties. A panel of leading real estate executives discussed the valuable role property managers play in the acquisition and disposition...
Education Conference Wrap-Up: 2006 Officers Installed in Scottsdale
President Fred W. Prassas, CPM, was elected IREM national president during the IREM Education Conference in Scottsdale, Ariz. in November 2005. Prassas is a principal in the PMC Management Group, which specializes in residential property management...
Hurricane Damage Spurs Whirl of Activity in Congress
Dozens of bills offering a myriad of solutions in the aftermath of hurricane season have been introduced before Congress. The House passed three IREM-supported bills providing waivers for federal housing programs including Section 8, rural housing...
IREM Sponsors Victorious Legislation
Thanks to the hard work and dedication of IREM, CCIM Institute, and REALTORS[R] Commercial Alliance members lobbying on behalf of their industry, Congress passed legislation reforming class action suits and bankruptcy in 2005. The Class Action Fairness...
Landing the Deals
* Divaris Real Estate Inc., which comprises Divaris Property Management Inc., AMO, announced several recent deals: ** Capital Club of Shockoe Slip LLC leased 10,201 square feet of office space in the Bank of America Center office building in Richmond,...
Meeting Highlights
More than 600 IREM members came together at the Westin Kierland Resort in beautiful Scottsdale, Ariz., in November 2005 to attend the IREM Education Conference. The conference offered learning labs, discussion panels, a property tour of Kierland Commons...
Meth Explosion: Surge in Methamphetamine Use Leaves Property Managers with Physical, Legal and Financial Mess
When North Carolina authorities raided a 300-unit apartment complex in Charlotte, N.C., and arrested a resident for producing the highly noxious drug methamphetamine, the dwelling's fee manager was faced with a legal and health entanglement that months...
New Year Ushers in IREM Opportunities
The new year always brings forth new opportunities to look toward bigger and grander horizons, and this year is certainly no exception. [ILLUSTRATION OMITTED] In 2006, we'll set several new programs in motion, rocketing our way closer to our...
Retirement Woes: Tenants-in-Common Investments Relieve a Life Sentence of Toilets, Tenants and Trash
As real estate investors of small properties age, they find they are trapped by their investments--facing high costs to convert their assets into the cash they need for retirement. [ILLUSTRATION OMITTED] Someone who invested in small apartment...
Review and Renew: Evaluating Standard Lease Agreement Can Thwart Disputes, Money Loss and Lawsuits
It's a new year and a new you. While you might have taken the time to evaluate your life personally and professionally and make some resolutions, evaluating something as seemingly simple as your standard lease agreement might not be a major concern....
Single Solution Sought: Despite Economic Globalization, Technology Lags with Single Global Solution
Lately I have found myself flying all over the world to places like Dubai, Shanghai, Seoul, Frankfurt, Moscow and Florence. I track specific projects that could significantly alter how we operate and manage buildings, ultimately impacting the systems,...
Yielding Results: Removing the Human Factor from Pricing May Boost Revenue
The human touch is irreplaceable in some areas of property management. Rental pricing is not one of those areas, said industry insiders who see yield-management software as the future of the multifamily housing market. [ILLUSTRATION OMITTED] ...