Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 60, No. 1, January/February

Adding Power to Presentations
A visually compelling presentation can make all the difference in the competitive world of real estate. Whether you are buying, selling, or managing property, PC graphics help make your communications more effective. Graphics make tasks such as reporting...
Allocating and Insuring Risks in Leases
One of the primary functions of a lease is to allocate the risks of losses that may occur to people or property. Too often, risks are allocated between the parties in an unclear or contradictory manner. Even worse, the responsibility to bear losses may...
Alternative Officing: Revolution or Merely Redesign?
Martin Dugan used to close the door of his 300-square-foot office and enjoy the view from floor to ceiling windows. But last year he traded in his private corporate office for a 60-square-foot work space with cubicle dividers on two sides.He now works...
Forging an Alliance for Safety
As the recent passage of the federal Crime Bill demonstrates, crime remains one of the principal concerns of the American public--and rightly so. Americans have a one in 20 chance of being the victim of a violent crime. Property crimes, such as theft,...
How a Present Value Model with Time-Varying Discount Rates A
Questions of investment "timing" and the possibility that real estate returns may be somewhat predictable have recently moved to the forefront of the concerns facing institutional investors in real estate. This is largely a consequence of the experience...
How a Present Value Model with Time-Varying Discount Rates Affects Commercial Valuation and Investment
Questions of investment "timing" and the possibility that real estate returns may be somewhat predictable have recently moved to the forefront of the concerns facing institutional investors in real estate. This is largely a consequence of the experience...
Investment Opportunities
As foreign investors eye the fledgling capitalist markets in the former Soviet bloc, real estate--including residential, commercial, and hotel properties--appears to be one of the most attractive options. And, despite problems with financing and laws...
IREM Regional Vice President Report 1994
IREM Regional Vice Presidents Report 1994Region 1: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, VermontAs the region's hub, Boston's low unemployment rate of 5.2 percent and good economic growth promise a positive 1995, despite some...
Life with Voice Mail
You either love it or hate it. You either use it or hide behind it. Depending on your perspective, voice mail technology is either a great help to our real estate business or just another source of aggravation.The bottom lineUsed properly, voice mail...
Old-Style Management Doesn't Work Any More
Businesses don't need middle management anymore. If workers are empowered to make decisions and trained to make those decisions well, they are capable of more authority.Many U.S. companies have already recognized the new strength of the American worker....
Outsourcing without Risk
With the downsizing of corporate America, outsourcing quickly became the strategy of the 1990s. Yet businesses are facing the reality that with each solution comes a brand new set of challenges.The International Facility Management Association (IFMA)...
Property Management Software Selection and Implementation: I
The right computer software, whether a first-time purchase or a system change, can help property managers stay competitive in today's marketplace. However, choosing the "right" software can be an exhausting and time-consuming process.The need to upgradeThere...
Prospecting for Gold
In American folklore, the country's historic search for gold and silver is symbolized by a bewhiskered old man leading a pack-laden burro.Many such prospectors hunted their wealth while surviving on bacon, beans, and grim determination. Hard and patient...
Real Estate - Up, Up, and Away?
Two years ago, you could hardly give investment real estate away. There was talk of demolishing buildings, and buyers were grateful to find vulture funds willing to offer 50 percent of replacement cost. What a difference a couple of years makes.The gradual,...
Residential Opportunities in Eastern Europe
Since the collapse of the Soviet Union and the accompanying social and political upheaval in its former member countries, housing markets have been in the process of conversion from state to private ownership. Across the board, rental stock is in poor...
Russian Real Estate Accepts the Challenge
For almost 70 years, the concept of private property was almost non-existent in Soviet Russia, so efforts to introduce a version of market-driven real estate to the new Russia are starting near ground zero. Without a system of title registration or even...
Testing the Reliability of Financial Statements
When I first entered public accounting, my boss (a wise and experienced CPA) asked me to review the financial statements of an apartment project operation.He explained that the owner was primarily concerned with the net income amount for the month. He...
The Palmtop: How to Increase Efficiency and Gain a Competiti
If you think that a "hard drive" is commuting on the Los Angeles freeway system at five in the afternoon or that a "megabyte" is something you will receive in an unfortunate encounter with a grizzly bear, this article could be for you.In an era of declining...
What Issues Affect Managers Most?
The following session took place during the IREM Annual Convention in November 1994. All IREM Regional Vice Presidents are CERTIFIED PROPERTY MANAGER(R) members.As real estate ownership changes, how have owners' needs evolved and what has the effect...
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