Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 63, No. 6, November/December

A New Rule
On September 1, HUD published its physical inspection standards for most HUD owned or subsidized properties in the Federal Register. The standards were scheduled to be implemented on October 1,1998, but HUD states that the new standards will not be used...
A Primer on Escalations
Escalations represent a landlord's opportunity to recover from tenants the increases in operating expenses used for the maintenance and operations of the property they occupy. In this fashion, the landlord will maintain a reasonably fixed profit margin...
Building a Business Plan
According to the U.S. Census Bureau, 695,657 new businesses were started in 1995. In the same year, 567,337 businesses failed. Some estimates place the failure rate for new businesses as high as 75 percent. While many factors can contribute to a business...
Corporate Etiquette
"There is no accomplishment so easy to acquire as politeness and none more profitable. " -George Bernard Shaw Most people assume etiquette is merely knowing which fork or spoon to pick up at a dinner party. While such discretion is a part of etiquette,...
Developing International Business
As if formulating a domestic property management company business plan were not difficult enough... the complexity grows exponentially when developing a business plan for a property management service company in an emerging international market. Although...
Fair Housing-Condo Style
In the past few years, a number of condominium associations, along with their management companies, have been sued under the fair housing laws. The federal Fair Housing Act prohibits discrimination in all types of housing, including apartments, townhouses,...
Feeding Frenzy
Grabbing your piece of the business pie In many circles, it's become the customary complaint: REITs have taken all the largest, most lucrative properties out of circulation. Fees are down, and new business is harder than ever to come by. But John Combs,...
Home Is Where the Office Is
In the past 20 years, few significant changes have occurred in multifamily housing. Many fads have come and gone without leaving a lasting impact. Instead the apartment industry has continued to improve upon the basicsupgrading and modernizing exteriors...
HUD Compliance-Old Game, New Rules
During the break at a regulatory compliance workshop this past spring, I was approached by a HUD Project Manager. "I'm so glad that you're covering this," she remarked. "I am really concerned about some of my projects. [The owners and managers] simply...
Interview: Karen Stephenson
If you just look at a companys organizational chart to understand how it works, you are missing the point. KAREN STEPHENSON, professor of management at UCLA and president of NetForm JPM: Much of your research has been on the informal networks that exist...
Landscape Features for Added Security
In the movie Little Shop of Horrors, the man-eating plant named Audrey II, makes short work of evil-doersshe eats them. While in real life landscaping is not quite that effective in preventing crime, it can be a valuable tool to ensure safety, mitigate...
Power to the People
For sixty years, deciding on a electricty provider was a no brainer. Just sign up with the local utility company and turn on the lights. In the energy crunch of the seventies, energy conservation gained popularity, but for the most part, the sources...
Repairing Concrete Balconies
Whether sipping morning coffee, reading a favorite novel, or soaking in some sun, most people tend to make good use of their balconies without a thought to their durability. So it is a bit disconcerting for them to learn balconies are more susceptible...
Reviewing and Analyzing Service Contracts
Owners and managers of real property, whether residential, shopping centers, or office centers, have entered into, negotiated, or have taken an assignment of service contracts. Service contracts can encompass swimming pool; cleaning and maintenance;...
Security the Natural Way
In the constant effort to keep our properties safe and help tenants and visitors feel secure, property managers often turn toward the revolutionary technology made possible by computers-access chips, closed-circuit cameras, and hightech alarms. Still...
Smaller Firms Opt for Specialization
For smaller companies, specialization may be in order. This is what Bill Borsari, CPM, believes. As chairman of The Walters Management Company, AMO, in San Diego, he has divested the 27-year-old operation of all property types except for one: community...
Strength in Numbers
Americans have always seen themselves as individuals-the lone pioneer leading the wagon train across the Rockies, the single, brave explorer stepping onto the moon, the brilliant scientist finding the cure for polio. While the image is very appealing...
The Impact of Intermediate Bankruptcy on Like-Kind Exchanges
What happens when the intermediary in a like-kind exchange transaction is placed in bankruptcy? It may seem an extremely remote possibility that a proposed tax-deferred exchange could be destroyed if the intermediary in a non-simultaneous exchange' is...
To Sell or Not to Sell?
You are contemplating the sale of an office building and need to make the right decision. Should you sell now to a willing buyer, or instead hold onto the building for a few years to see if market conditions improve? What are your chances that conditions...
Toys for Tenants
The old adage that the one with the most toys wins, doesn't always hold true. While you may have the most stuff, it may not be the right stuff. For the office building manager eager to offer tenants not only the best but all of the latest, knowing which...

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