Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 75, No. 2, March/April

Accounting Rules Continue to Impact Commercial Real Estate
THE CREDIT CRISIS HAS PUT IMMENSE PRESSURE ON THE COMMERCIAL REAL ESTATE INDUSTRY. Liquidity in the commercial real estate market has been considerably hampered by one of its key lending vehicles-the nearly frozen $900 billion commercial mortgage-backed...
A Change in Season
By now most of us are looking forward to spring and all the fresh ideas that come with a change in season. Winter may not be quite over but it's a good time to look at how the year is progressing and to re-evaluate the goals and plans we set forth just...
A Penny for Your Ethics
Take into account the Code of Professional Ethics before going on a savings spreeARE YOU LOOKING FOR PENNIES THESE DAYS? AS ANDY ROONEY MIGHT REPLY, 'I KNOW I AM!"Property managers pride themselves on their ability to find savings for their owners and...
Awards & Recognition
Condo Lifestyles magazine presented Robert Levin, CPM®, president of Wolin-Levin, Inc. (www.wolin-levin), with its annual Outstanding Leadership and new Property Manager of the Year awards at the 2009 State of the Industry Seminar. He was honored for...
Conventional Wisdom
Managers of Apartments Accommodating Senior Residents Will Likely Experience Success in the Near Future by Janice RosenbergAs people ageit becomes increasingly important they find housing that addresses their changing needs. Real estate managers who...
Ethics Board Active at IREM 2009 Fall Meetings
The Board of Ethical Inquiry reviewed two new complaints. In the first complaint, a homeowner's association (HOA) charged a property management firm with failure to provide accurate financial records and a lack of fiduciary responsibility. The Board...
Fixture vs. Trade Fixture
Rely on the law to resolve these landlord/tenant disputesIN TODAY'S ECONOMIC CLIMATE THERE HAS BEEN UNPRECEDENTED TENANT TURNOVER. This turnover often is not a result of an expiring lease, but instead due to nonpayment of rent resulting from business...
International News
IREM INTERNATIONAL MEMBERS DISCUSS THE FUTURE OF REAL ESTATE MANAGEMENTWhat opportunities are ahead for the real estate management industry abroad in the next 2.-3 years? Some of our international IREM Members shared their thoughts about what's next...
In the Presence of the Past
The Palace of the Governors in Santa Fe, N.M., reveals a rich historyKNOWN FOR ITS CULTURAL DIVERSITY AND RENOWNED ART COMMUNITIES, New Mexico has a rich and dynamic history worthy of its state slogan, "Land of Enchantment." Standing as a witness to...
KNOW YOUR CODE OF PROFESSIONAL ETHICS: The Pledge
I pledge myself... the first three words of all five paragraphs that make up the Pledge of our IREM Code of Professional Ethics. These five paragraphs are the foundation of our Code of Professional Ethics. A pledge is a vow; a binding promise or agreement...
Liquidity Crisis
Responsible water management in buildings will increase efficiency and lower costs"WHEN THE WELL'S DRY, WE KNOW THE WORTH OF WATER."-BEN FRANKLIN, 1746 Long before the first municipal water systems, buildings had rain barrels, wells or cisterns. People...
Mind Probe
Using Assessments to Screen Candidates is a Rigorous Process, Process, Sometimes Resulting in Nothing More than Smoke and MirrorsHiring the right employees is the ultimate return on investment for managers. By placing quality hires in appropriate positions,...
New Bill May Tax Income from Carried Interest
ON DECEMBER 10, 2009, THE HOUSE PASSED A "TAX EXTENDERS" BILL (H.R. 4123), WHICH INCLUDES EXTENSIONS ON A VARIETY OF TAX BREAKS SCHEDULED TO EXPIRE AT THE END OF 2010. This piece of legislation has several provisions beneficial to the commercial real...
New Products
YOU SAY YOU WANT A REVOLUTION The Revolution Fan by the Rite-Hite Corporation is a high-volume/lowspeed industrial fan that provides more consistent air circulation and ventilation with better energy efficiency than traditional high-speed ceiling or...
Provincial Progress
Rocky Mountain Playground of Alberta, Canada, Offers Opportunities in Residential and Energy ManagementIT'S CALLED CANADA'S ROCKY MOUNTAIN PLAYGROUND FOR A REASON. Home to Calgary and Edmonton, the western province of Alberta offers a variety of tactile...
Road to Resolution
UnderstandingAlternativeDisputeProvisionsCan HelpAvoidContractualConflictsThe costly expense and time-draining nature of litigation is spurring change to many commercial real estate contracts, which have traditionally required any dispute be resolved...
Speech Therapy
DELIVERING A GREAT PRESENTATION REQUIRES PREPARATION AND POISEYou've been working hard on a proposal for a potential client because the account could put your company on the map, and finally, you've been granted the opportunity to make a strategic oral...
Sustaining the Future
Innovative Buildings in Japan Foreshadow a Nationwide Movement Toward GreenJapan's Prime Minister, Yukio Hatoyama, recently surprised the world at the 2009 United Nations Climate Change Summit, when he announced his nation's aggressive goal to "decrease...
What's That Smell?
Unbelievable or outrageous true stories about everyday experiences in real estate management BY LINDA D. REDMOND, CPM®, ARM® | ILLUSTRATION BY PAUL LUKASONE DAY A TENANT CALLED TO REPORT A BURNING RUBBER SMELL IN HIS OFFICE. I went to his office building...
What's Your Impression?
Always present apositive image to prospective residentsAS A SITE MANAGER AND REPRESENTATIVE OF YOUR PROPERTY, COMPANY AND OWNER, YOU axe the first contact with a prospective resident. How you present yourself and your property will ultimately influence...