Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 69, No. 3, May/June

A Perfect Match
Recruiting a good employee isn't that different from finding a spouseMore than 50 percent of marriages in the United States end in divorce. Marriage is the most important recruiting, interviewing and retention project of our lives, yet only half of us...
Better, Not Bitter
A sure-fire employee coaching approach will eliminate worker resentment and boost productivityEvery company wants highperformance employees: Productive associates who contribute innovative ideas and execute their work efficiently and effectively to achieve...
Career Moves
* David Bauman, CPM Candidate, will serve as vice president at newly formed The Bentley Group Real Estate Advisors, which will focus on the Las Vegas multifamily industry.* Louis H. Nimkoft, CPM, was elected president of the Florida CCIM chapter, which...
Cents and Sensibility
Regular maintenance saves money and limits liabilityWhy has this building's condition become so much worse in just the last few years?" asked the property manager of a 75-year-old Midtown Manhattan office building.The answer: A building's rate of deterioration...
Dallas' Downtown Is Up
Tough times in Texas for the multifamily and office sectors while retail stabilizesThe nationwide trend of downtown revitalization that has seen city centers transformed with new condominium conversions and flashy diversions including dining, retail...
Do the Eyes Have It?
A brief look at biometric security technology and applicationsTom Cruise had to hold on to his old eyeballs in order to gain entry to secured areas after swapping retinas in Minority Report. Sure, it's futurist sci-fi fantasy, but eye scanners are very...
Elimination Strategies
Solid policies protect against potential sexual harassment and limit liabilityOwners and managers must rake affirmative steps to protect their businesses from the potentially devastating legal actions associated with sexual harassment claims. Title VlI...
Eyes on the Prize
New technology options improve access monitoring and controlIn a time of increased attention to security and safety, building owners are focusing on ways to effectively monitor and control access to their properties through technology.Historically, security...
Go Buy Buy?
Succession planning strategies can ensure your business survives your loss and thrives for future generationsThe last reality any of us want to confront is our own mortality. Statistics show more than 80 percent of family business shareholders want their...
Has Compensation Become a Juggernaut?
An increasingly competitive real estate industry demands companies adapt to changing employee compensation, benefits needsIn todays changing, challenging and increasingly uncertain times, real estate firms are faced with often complex and difficult decisions...
Hoard Your Gold
Cultivate a workplace that attractks and sustains the best and the brightest-an asset no company can afford to lose by Gene Powell, CPMThe most important talent a manager can have is the ability to hire the best people. To capitalize on this, it is imperative...
International Update
In March IREM representatives joined delegates from the NATIONAL ASSOCIATION OF REALTORS and the CCIM Institute on a real estate study mission to India. Immediate Past President Patricia Nooney, CPM, and Nancye Kirk, IREM's Vice President, Strategic...
IREMFIRST Sets a New Standard
When Ron GOSS, CPM, arrives at the office each morning, second to his morning cup of coffee and outlining his daily schedule, he logs onto IREM's newly redesigned Web site, particularly the new IREMFIRST section."I know that throughout the day that I...
IREM Policy and Legislative Activity from Capitol Hill Visits April 27*
BANKRUPTCY REFORMISSUE: IREM has been successful in including four real estate provisions in each of the bills that have passed the House and Senate:Single asset bankruptcy. Legislation that passed the House in 2004 would eliminate the $4 million cap...
Join the Club
Hungarian real estate managers are training and working togetherOn May 1, Hungary became a member of the European Union. One fifth of its population of 10 million lives in the capital, Budapest. During World War II, 80 percent of the buildings in Budapest...
Know When to Hold 'Em
Managers invest a lot in new hires-are you prepared to follow through?We've all heard the tenet, "Hire for attitude, train for aptitude." I try to find candidates with both attributes, with more emphasis on attitude, while others search for the person...
Landing the Deals
* Divaris Real Estate, Inc., which comprises Divaris Property Management Corp., AMO, announced the signing of a lease in Chesapeake, Va., with Dynamex Corporation. Dynamex, which joins Industrial Supply Corporation and Anteon in the property, is a leading...
Market Solutions: Focus: Emergency Preparedness
SAVE FaceAtlantic Mutual's SAVE (Sprinkler Analysis Verification Evaluation) software enables loss control professionals and agents to more quickly evaluate a customer's fire sprinkler system and water supply, resulting in a more accurate assessment...
MaxImum securITY
Expert Ralph Witherspoon, CCP, shares strategeis to identify and remove threats to tenants and propertyIt's a whole new world. Prior to September 11, the principal security concerns of property managers, whether office, retail, industrial or multifamily,...
Numbers Game
Benchmark your position in property management with the results of new IREM member demographics and earnings studiesThe results are in from IREM's 12004 Profile and Compensation Studies of Certified Property Managers and Accredited Residential Managers....
Paint Tackles Pollution
Cleaner air may be just a fresh coat of paint away. Ecopaint, which went on sale in Europe in March, is engineered to soak up vehicle exhaust and reduce nitrogen oxide (NOx) gases that generate smog. According to an article in New Scientist, Ecopaint...
Recruit to Continue Our Success
Note from the IREM Executive CommitteeAs you may know, David Lane resigned as president of IREM in March for personal reasons. IREM by-laws provide that the president-elect ascends to the presidency and serves out the term of the departed president....
Sizzle and Sparkle
Create a buzz about your services, dazzle potential clients and capture new business with these award-winning proposal strategiesToday's competitive real estate market has made winning new business a complicated and demanding undertaking. A firm must...
STAND and DELIVER
Sharpen your presentation skills to capture new clients with these winning tips from an expert speakerThe greatest sales tool you possess is not your Web site, promotional materials or experience. It is you. Simply put, your ability to communicate is...
Sweet Home Chicago
Chapter SpotlightBeing both the largest local chapter and existing in the shadow of the national headquarters might seem daunting for any IREM chapter. However, Chicago Chapter No. 23 takes it in stride, providing members a schedule chock-full of diverse...
Teach to Reach
Staff trainers bring a fresh perspective and increased returns to professional development"You train animals; you educate people." -Maya AngelouOne of the best ways to retain excellent performers is to invest in employees' professional and personal development....
Whither Capital Gains?
The Bush administration proposes a new method of computing recaptureCongressional debates about capital gains taxation are always conducted with a feverish religious undertone: You are either a believer in low capital gains rates or you're not. Currently,...