Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 69, No. 1, January-February

Change Agents: Repositioning Properties Can Present a Balancing Act for Managers as They Identify Opportunity, Redefine Space and Attract Tenants
Reinventing the wheel may not be a lucrative business strategy, but breathing new life into existing buildings through repositioning can be an inviting approach to increasing revenue and portfolio value in today's economy. Creating repurposed residential...
Contractual Obligations: When Entering into a Broadband Service Agreement, Be Sure to Include Certain Necessary Clauses
Stated simply, a real estate owners goal in contracting with an Internet service provider (ISP) is to find an experienced and dependable vendor capable of bringing state-of-the-art broadband services to the owner's assets and tenants via a "future-proofed"...
Course Listings
Course Listings JANUARY 15-16 MNT201 El Paso, Texas 21 ETH800 Minneapolis 22-27 RES201 Columbus, Ohio 27-28 FIN201 Houston 29-30 MNT201 Houston FEBRUARY 4-5 MNT201 Minneapolis 4-6 RES201 Trenton, N.J. 6 ETH800...
Defining Your Market Niche: Be the Best in Your Specified Area by Offering Better Services Than the Competition
Thousands of small retail businesses are successfully battling against Nordstrom, Sears, Wal-Mart and scores of other dominating retailers. These local merchants have developed a strategy that has not only enabled them to compete profitably against...
Dry Heat: The Phoenix Real Estate Market Has Been Suffering of Late but Signs Point to a Possible Recovery
Desert-like real estate conditions last year in the valley of the sun left property managers and owners leery of future estimates for the region. However, according to a recent Simpson Housing report; which culls information from Pierce-Eislen, Inc.,...
Education Conference Wrap-Up
During the Institute's Education Conference in November in San Diego the Governing Council approved the following motions from various committees: --MEMBERSHIP, COMMITTEE: 1. Approved the recommendations of the Membership Admissions Task Force...
Exciting Goals for 2004
We have long understood just how important it is for you to reap good value from your investment in the Institute. In 2004, the Institute will remain intensely focused on delivering benefits and services that help you address your day-to-day business...
Facility Management for the Future: A Pioneer in the Profession Talks about the Need for Global Work Places and Sustainability
Sheila Sheridan, CPM, CFM, CFMJ, current chairperson of the International Facility Management Association (IFMA), heads the facilities and services department at Harvard University's Kennedy School of Government. During her 20 years at Harvard, Sheridan...
Financial Services/investment Resources
Choosing the right provider to handle your financial needs can be a tough decision, yet these preferred vendors can accommodate many requirements. Accruent www.accruent.com Accruent contract management solutions enable industry leaders to...
Five Trends for the New Year: What's in Store for '04?
At the recent annual meeting of the Association of Foreign Investors in Real Estate (AFIRE) in Washington, D.C., economics forecaster Susan Hudson-Wilson, CFA, cited several trends impacting both commercial and residential real estate. * Retail:...
Hold Your Own: Personal Service and Value-Added Features Keep Tenant Relationships Alive
As finding and procuring tenants becomes more costly in the wake of the "dot-bomb" era, establishing interactive, service-oriented tenant relationships has emerged ad the new paradigm for success. Kent Goodwin, president of Redwood City, Calif.-based...
How Low Can You Go? New Capital Gains Tax Rates Pose Interesting Choices for Exchangers
When President Bush sent his tax bill to Congress in early 2003, media and political scrutiny focused on the proposed elimination of taxation on dividends. That proposal was a bold and controversial stroke, but one completely consistent with economic...
Industry Star Gazing: Mastering This Year's Evolving Marketplace Requires Retooling and a Focus on Growth Opportunities
Like an astronomer eternally seeking to unlock the mysteries of the sky, our search for answers creates new questions, which lead to better answers and yet more questions. The real estate industry and its leaders are entering into a new frontier; a...
In Memoriam
Aaron M. Chaney, CPM[R] (1923-2OO3), IREM Past President Real estate veteran and 1973 IREM president Aaron M. Chaney, CPM, died on November 24, 2003. He was 80. Born and raised in Hawaii, Chaney began his real estate career in 1948 at Cooke Trust...
Mind [Left and Right Arrow] the Gap: Advice on Designing Lease Audits That Harness Lost Revenue and Promote Positive Tenant Relations
Often the first thought that comes to mind when a landlord or property manager hears the words "lease audit" is a tenant-initiated, contentious and protracted lease review process that raises blood pressure and heart rates. While lease audits can be...
New Officers Installed in San Diego
President The Institute elected David L. Lane, CPM, 2004 president at the recent Education Conference in San Diego. Lane is president and CEO of Coldwell Banker Commercial Ridgway Lane & Associates, Inc., a full-service real estate company located...
New Year, New Leaf: Everyone Can Benefit from Making at Least One Change; Which One Is Right for You?
The New Year brings a fresh opportunity to ring in employee enthusiasm. Try some of these tips and tricks to foster employee excitement and interest in 2004. Begin at Home Think of yourself first. Which New Year's resolutions do you really intend...
Orange County Increases IREM's Local Presence at Its Popular Yearly Conference
Each spring IREM Orange County Chapter No. 91 hosts the IREM Conference & Exposition, which is regarded as Southern California's ultimate marketing, education and networking event of the year. The day-long session draws almost 900 real estate professionals...
Second Wind: Argentine Managers Seek to Gain a Toehold as Economic Conditions Improve
Argentina has approximately 36 million inhabitants, with almost 40 percent living in the capital city of Buenos Aires. Besides Buenos Aires, there are only four other cities in the country with both more than 500,000 inhabitants and in which residential...
The Global Pursuit of the "Smart"er Building: Managers Can Offer Tenants an Increased Service Menu by Installing the Latest Technologies On-Site
The "smart" building of the dot-com era was defined as one "wired" for customers. Many real estate companies rushed to attract new high-tech tenants with telecom amenities, believing the software application demands of these new Web entrepreneurs required...
When Walls Can Talk: Central Park Place
The 56-floor Central Park Place condominium tower at 301 West 57th Street in New York City offers magnificent views of Mid-town Manhattan, some overlooking the Park. The street level houses a dry cleaner, newsstand and coffee shop. The property's biggest...
Worthwhile Investments: What Makes a Property Manager "Institutional Quality"?
Many might argue the topic of courting institutional investors has already been overplayed. After all, it seems that right after mankind discovered fire, their second quest was to determine what institutional owners were looking for in a property manager....

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