Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 72, No. 3, May/June

Bank Power Rule Opposed
IREM, the CCIM Institute and the National Association of Realtors (NAR) have secured one-year moratoriums on the Federal Reserve Board's and the U.S. Treasury Department's proposed rule to expand the powers of national banks. The 2001 proposal would...
Battle for Control
Understa nding technology helps managers maintain control over businessRecently, one of my sons was playing a game on the computer and he asked me what my favorite computer game was when I was a child. I told him we didn't have computers when I was growing...
Booming, Busting Business
The rise, fall and resurgence of high-tech companies in South Atlantic impacts office real estateDuring the technology boom of the late 1990s some areas of the country were like dot-com magnets - attracting enough software manufacturers and start-ups...
Building IQ
Intelligent buildings are becoming part of global real estate marketAt one time, security cameras capturing an entire building's entrances on a single wall of monitors elicited "oohs and aahs." Today, a skyscraper's every system - including HVAC, signage,...
Cash Cow
Technology can bring money to a property, but not without some expense and laborCan technology really increase a property's cash flow? This is the million dollar question for many of us. Often, technology is sold to customers with high expectations and...
Crossing Wires
New developments in technology present legal headaches for real estate managersTechnology, like the law, is dynamic. It is constantly changing. And while some developments in technology have no doubt increased revenue for real estate managers, they have...
Disappearing Act
Advanced technology cuts back on paper useMichael A. McCreary, CPM, was drowning-drowning in a sea of paperwork and file cabinets that had overtaken his office space as his business had expanded. He knew he needed to do something before his "paper problem"...
Disasters Spike Insurance Costs, Spark Legislation
Costs of property and casualty insurance have been on the rise in the United States for nearly five years. From 2001 to 2005, office building insurance costs increased by an average of 71 percent; costs for conventionally financed multifamily apartments...
Extreme Makeover
Famous PropertiesNew York City's Barbizon/63 puts a modern spin on a historic propertyTechnology clearly makes work easier and more efficient, so much so that it is hard to imagine life without a laptop, cell phone or PDA. Thus, it comes as no surprise...
Foundation Reaches out to Minorities
It takes some people years to attain their CPM designation. It took Irving Blue, CPM, less than a year.As executive director of Forest Park Southeast Development Corporation, Blue wanted to learn more about property management: One of the functions of...
Generation Tech
Generations X and Y bring innovation into the workplaceCollege internships in construction and banking somewhat prepared me for controlling the problems we see every day in real estate management.With my business degree and a freshly pressed shirt, I...
Help IREM Help You
In college I was so tech savvy I managed to shut down the university's entire computer system for 45 minutes. Apparently, the program I was using - "Factanny," which ran on programming languages COBOL and Fortran IV - was too "sophisticated" for the...
Image Conscious
Infrared imaging technology helps property managers discover energy lossesKEEPINGa lid on a building's energy costs is a top priority for nearly every property manager. Heated air escaping during the winter months and cooled air leaking out during the...
Market Solutions
World affairsThe World Is Flat: A Brief History of the Twenty-first Century is Thomas L. Friedman's account of the changes taking place in technology and communications all over the globe-in effect flattening the world. The updated and expanded edition...
Royal Flush
Water-free urinals help facilities reduce maintenance, cut costs and go greenBy 2026, world demand for water will surpass its supply by 56 percent, according to information from the United Nations. This global dilemma is already being felt throughout...
Streaming Live Revenue
Leasing space to wireless carriers and cell phone companies makes for a profitable business ventureTo most people, a ringing cell phone signals a simple phone call. To property owners and managers, it can be an audible reminder of the lucrative revenue...
Technical Storm
Technology is instrumental to any business continuity plan and any disaster-recovery effortWhen Hurricane Katrina hit the Gulf Coast in August 2005, few actions could protect the region's cities and residents, or their homes and businesses from the storm's...
The Tangled Web We Weave
Robust Web sites make effective marketing toolsWe all know first impressions can be powerful. The blink of an eye is often about how long we have to make a good first impression - on an employer, an owner, an investor or a potential client.This is especially...
What's Up?
News and Notes from IREM® HeadquartersLanding the deals* Divaris Real Estate Inc., which comprises Divaris Property Management Corp., AMO, made several business transactions:* It leased 1,003 square feet of office space to the Independent Living &...