Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 62, No. 4, July/August

A Capital Gains Cut with Gains for Everyone
The current capital gains tax system serves as a disincentive for every American investor. Although Congress has conducted an ongoing debate about capital gains reform for several years, the current rate remains at 28 percent, a full 40 percent higher...
Behold Your Future
Know Your Lease Provisions, or Else! What if you could see three to five years into the future on every lease transaction? How much value do you think your clients would find in that skill? Unless you happen to be one of the clairvoyant few, you will...
Construction Defects: What's Your Role?
Construction-defect litigation is big business. Insurance carriers are paying millions of dollars to settle cases. Juries are awarding high judgments in those cases that do not settle. Many existing condominiums have construction defects, and there will...
Inside Your Laundry Room
If you've ever walked through your property's laundry room on a Saturday morning and heard those quarters jingle into the machines, the thought has probably crossed your mind: "Think how much more money we could make if we just owned the machines ourselves;...
Making Senior Housing Affordable
Assisted Living Concepts of Portland, Ore., is in the vanguard of making seniors housing more affordable. The company's cost per unit ranges from $55,000 to $70,000, depending on the region of the country. Comparable space in the same regions is likely...
Multigenerational Community Recreates Family
Thirty-eight low-income elderly call the Natalie Salmon House home. So do six low-income families, including 12 children between the ages of 5 and 18, and seven college students. The facility, located on Chicago's North Side, is one of two multigenerational...
School Reborn as Seniors Housing
Once an important community institution in Reading, Mass., the Pearl Street School was closed in 1984 due to declining enrollment and was mostly vacant for the next 10 years. Then developers William S. Casper and Edward Levitt decided the facility was...
The Self-Directed Property Manager
Question: What do you see as the necessary qualities for sustained self-direction? Susan: Even when things go wrong, you've got to be positive! Joy: Compassion and the quality of service I deliver keep me going! Karl: I believe I can do more, and be...
The Spy Who Leased from Me
There they were again. For the second time in the Cold War fall of 1964, two non-descript men in an unmarked car had parked in the lot of Hampshire West Apartments, Silver Springs, Md. As soon as I came out of the leasing office, they pulled away. Not...
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