Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 77, No. 5, September-October

11 Years after 9/11: Residential, Commercial Tenants Demand Higher Security
In the decade since 9/11, property developers, owners and managers have dramatically upped their game with regard to building security. No matter how unlikely it might appear that a building could be invaded or attacked, managers are expected to adopt...
2012 Capitol Hill Issues Updates
FASB--Lease Accounting IREM and CCIM Institute members took the issue of Financial Accounting Standards Board (FASB) lease accounting to the Hill on April 18, 2012. Members asked their legislators to sign a bipartisan "Dear Colleague" letter encouraging...
A Symbol of Unity: Established in the Mid-19th Century, the Baha'i Faith Is a Monotheistic Religion That Seeks Unity among All Faiths. There Are about Five Million Baha'is Worldwide, Representing Most of the World's Nations, Races and Cultures. the Baha'i House of Worship Embodies These Qualities
A continent to Band'i leaders, the mission of the Baha'i House of Worship for the North American Continent in Wilmette, Ill., is to be a place where "all religions, races and sects may come together within its universal shelter." [ILLUSTRATION OMITTED]...
Before and after Disaster Strikes: Developing an Emergency Procedures Manual Fourth Edition
[EXCERPT] CHAPTER 2 TEAMING UP ON EMERGENCY RESPONSE: An introduction to the emergency management team [ILLUSTRATION OMITTED] Assembling an emergency management team is critical to emergency planning, as the emergency management team will...
Cloudy Forecast: Choosing a Cloud Service
Recently the media has devoted a lot of attention to the cloud as the next wave of technology. Major companies like Apple, Amazon, Google, Microsoft and many others are offering cloud solutions. [ILLUSTRATION OMITTED] Unfortunately there isn't...
Course Listings
SEPTEMBER RES201 September 5-14 Salt Lake City ETH800 September 7 Kirkland, Wash. ASM603 September 10-11 Vancouver, Wash. ASM603 September 10-11 Rockville, Md. MKL406 September 10-11 Houston MPSAXM September 10-13 ...
Following Is an Exclusive Interview with Ronald Kawahara, CPM, CPA, CVA, PCAM, President of Destination Maui, Inc., AMO
* Your Firm is one of four in Hawaii to attain the AMO accreditation. What challenges and unique facets exist for property management in Hawaii? [ILLUSTRATION OMITTED] For the most part, the operational aspects of property management in Hawaii...
For New Dimensions of Business Intelligence and Communication
Yardi Orion[TM] for SharePoint[R] is designed to integrate user and property security, entity hierarchies and attributes, and document access between SharePoint and Yardi's property management system. By using out of the box data warehouse and cubes,...
From Resident to Landlord: Depreciating a Former Personal Residence: The Combination of an Economic Recession, a Mortgage Crisis and an Aging Population Has Led to a Large Number of Homeowners Recently Becoming Landlords
Whether due to a relocation for work, a transfer to an assisted living facility or purely for economic considerations, homeowners who are unable to sell a former primary residence have turned to renting it. As property managers, you may have experienced...
Green Scene Goes Live at Greenbuild Make the Most of Your Greenbuild Experience
This year, you, as an IREM Member, have a unique opportunity to make the most of the Greenbuild experience by joining IREM CEO Russell Salzman, Nick Stolatis, IREM Member and TIAA-CREF's director of global sustainability and enterprise initiatives...
Latin Lessons: Admitting Fault Can Save the Day
Recently, I've spent a lot of time sorting out complications due to people's mistakes and the cover-ups they've endeavored to hide them, resulting in delayed resolutions and wounded relationships. [ILLUSTRATION OMITTED] In one instance, my pharmacy...
Left-Or Right- Brain Dominant? Firms with Management and Leasing under One Roof Can Be Both
In many ways, when under the same roof, a leasing broker and a property manager might be imagined as the right and left side of the brain. The property manager--specializing in knowledge such as long-term privately held properties, details about...
Magic to Do: 3 Tips to Create Marketing Magic
I've discovered the secret question. Not long ago, I was fortunate enough to stay at a Four Seasons Resort Hotel. Before I even had both feet out of the car, the doorman set the tone for my visit: "Miss Alter, welcome to the Four Seasons." [ILLUSTRATION...
One Question, Two Members
"IN THE EVENT OF AN EMERGENCY OR EVACUATION, DO YOU THINK USING SOCIAL MEDIA IS AN ACCEPTABLE OR RELIABLE SOURCE OF COMMUNICATION?" STEPHANIE BURG-BROWN, MBA, CPM, CRS [ILLUSTRATION OMITTED] REALTOR, BROKER/OWNER NEXTAGE DIAMOND REALTY PHILADELPHIA...
Organized Chaos: Effective Disaster Preparedness Planning
Few businesses are more personal than real estate. We provide a professional service to meet a personal need--the home someone returns to after a long day, the office space from which someone launches their business or even the retail space in which...
Promoting Professionalism
IREM is fortunate to count among its ranks many outstanding real estate management professionals who work tirelessly to make valuable contributions to the organization and the industry. These individuals show extraordinary dedication to the real estate...
[Re]building from Transitions
At first glance, it might be easy to say this issue of JPM[R] is disaster themed, but that's not entirely true. In fact, it might be better to argue that this issue is all about transitions. Whether we're changing the way we think as an adaptation...
The Master Lease: The Master Lease Is Quickly Becoming the Preferred Model for Residential Housing in Japan. Although It Involves More Risk, a Management Company Taking on a Master Lease Also Increases Its Potential for Profitability. Here, Teruo Suenaga, CPM, Explains How the Master Lease Model Works
The master lease model--known in Japan as the sublease model--is an arrangement in which a management company leases an entire rental property from the owner and then subleases it to third parties. The management company becomes the sole tenant, providing...
Trees and Your Liability: If a Tree Falls in a Forest, Does It Make a Sound? Perhaps, but It Probably Does Not Concern a Property Manager. Normally We Do Not Think of Trees as Hazards or Liability Concerns in the Same Way as Displaced Sidewalk Slabs or Wet Floors. So Why Is Tree Maintenance and Safety Important to the Property Manager?
Toe your Tree Line As a property manager, you are responsible for maintaining safe conditions on the site, and can be the first line of defense for maintenance issues. If there are trees adjacent to pedestrian areas, this creates potential issues....
Vendor Views
The property manager's responsibility is to delve into all of the factors when choosing vendors, and pricing certainly is one. As property managers negotiate services with vendors and contractors, the IREM Pledge and Code of Professional Ethics guides...
Winds of Change: Bounces Back from Woes of Hurricane Katrina, Becoming Even Stronger Than Prior to the Storm
The Big Easy hasn't had it so easy since being struck seven years ago by Hurricane Katrina. The local economy, real estate and population were devastated by the storm's destruction. [ILLUSTRATION OMITTED] While the rest of the nation has been...