Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 74, No. 5, September-October

30 under 30: JPM Recognizes 30 Up and Coming Members Dedicated to IREM and the Real Estate Management Profession
JPM is excited to present 30 young professionals who represent the future of IREM. Several months ago, JPM put the word out to chapter leaders and members that we were looking to highlight some of the best and brightest under age 30 who have chosen...
Animal Tales: When It Comes to Dealing with Issues Involving Animals in This Business, Property Managers Have Often Experienced Some Strange Situations. Here Are a Few of Those Tales IREM Members Shared with JPM
A distraught female resident came into the management office and said, "There is something crawling around the top of my bed at night. It woke me up twice last night." [ILLUSTRATION OMITTED] We dispatched an engineer to solve the problem. He...
Coast Real Estate Services
COMPANY HEADQUARTERS LOCATION Everett, Wash. NUMBER OF EMPLOYEES 375 DATE THE COMPANY BECAME AN AMO FIRM November 5, 1998 COMPANY WEB SITE www.coastmgt.com Shawn Hoban, CPM[R], is the president and co-founder of Coast Real Estate Services,...
Communicate to Educate: Make Sure the Men, Women & Children in Your Buildings Are Included in Sustainability Efforts
THROUGHOUT THE LAST SEVERAL ISSUES OF JPM, WE'VE DISCUSSED THERMOSTATS, LIGHTING SYSTEMS AND PLUG LOADS IN RELATION TO REDUCING ENERGY USE AND COSTS. NOW LET'S TALK ABOUT THE BIGGEST USERS OF ENERGY IN BUILDINGS: PEOPLE. [ILLUSTRATION OMITTED] ...
Congress Moves Forward on Health Care Reform
Since taking office in January, President Obama has made health care reform one of his top priorities. Obama is committed to passing comprehensive reform this year and has asked Congress to send him a massive overhaul of the health care system by October....
Construction Payment and Performance Bonds Myths and Reality
THE USE OF PAYMENT AND PERFORMANCE BONDS ON PRIVATE COMMERCIAL CONSTRUCTION PROJECTS IS WIDESPREAD BUT LARGELY MISUNDERSTOOD BY MOST REAL ESTATE PROFESSIONALS WHO COORDINATE CONSTRUCTION FOR THEIR CLIENTS AND EMPLOYEES. Owners pay for these bonds;...
Ethical Cultures Establishing and Developing Standards within Your Firm
AS MANAGERS OF REAL ESTATE, WE'RE RESPONSIBLE NOT ONLY FOR THE HEALTH OF VALUABLE PHYSICAL ASSETS, BUT ALSO FOR COLLECTING AND SPENDING SUMS OF MONEY THAT ARE OFTEN SUBSTANTIAL. More than once, we have had owners approach us about taking over their...
Generational Differences: Turning Challenges into Opportunities
Hiring and retaining employees is one of the biggest challenges we face in our industry today. Add in what we now recognize as four generations of employees in today's workforce, and the challenge potentially becomes a recipe for disaster. However,...
Get Ready for Success Series 2009! 5 Questions with IREM'S Hawaii Chapter President
Hawaii Chapter No. 34 will be this year's host for the CCIM & IREM Success Series 2009, which takes place October 16-17 in Honolulu. JPM talked to Hawaii Chapter President S. Steven Sofos, CPM[R], about his chapter as it prepares for the upcoming...
History in Hollywood: The Bradbury Building Serves as Contemporary Gem
The Bradbury Building in Los Angeles serves both as a "movie star" in its own right and a piece of the city's history. Commissioned by mining millionaire Lewis Bradbury, the building bearing his name was built in 1893 and has functioned as an office...
Inside IREM Course Listings
SEPTEMBER ASM604 Sep 2-3 San Francisco ASM605 Sep 4-5 San Francisco RES201 Sep 9-11, 16-18 Pine Hill, N.J. ETH800 Sep 9 Milwaukee, ETH800 ...
IREM President Discusses the Worldwide Challenges of Real Estate Management
Real estate and its management clearly are global industries, as evidenced by the worldwide scope of the current economic crisis and the implications to industry professionals. Speaking at the annual meeting of IREM Japan Chapter No. 109 in Tokyo,...
JPM Articles Translated for International Members
IREM translates one article from each issue of Journal of Property Management into multiple languages to serve our members throughout the world. You can find translations of the article "How to Negotiate with Tenants in a Tough Economy" by Alan Alexander...
Know Your Code of Professional Ethics: Article 1. Loyalty to Client, Firm And/or Employer
A MEMBER shall at all times exercise loyalty to the interests of the client and the employer or firm with whom the MEMBER is affiliated. A MEMBER shall be diligent in the maintenance and protection of the interests and property of the employer and...
Mixed - Use Shake-Up: IREM Members Get Creative during Economic Downturn
Mixed-use properties are experiencing a shake-up in tenant mix and lease terms as many of their retail tenants, hit hard by the economic downturn, struggle to make ends meet. "The retail world as we know it has changed," said Alan Schmiedicker,...
Moving toward the "New Normal" New England and the Effects of the Recession
When Boston's Hancock Tower, New England's tallest building, went into foreclosure earlier this year and sold at auction for about half its previous purchase price, a chill ran through the area's real estate community. "The foreclosure of such an...
Social Media: Young Professionals Effect Change in the Workplace
DRAMATIC CHANGES ARE OCCURRING IN THE U.S. WORKPLACE. ALONG WITH THE CHALLENGES OF A MORPHING ECONOMIC LANDSCAPE, THE COUNTRY IS ALSO FACING A GENERATIONAL SHIFT IN THE WORK FORCE AND IN THE WAY WE USE TECHNOLOGY TO COMMUNICATE. [ILLUSTRATION OMITTED]...
Stationary Employee or Not? How to Determine If It's Time to Move Along
SOME EMPLOYEES JUST WON'T BUDGE. YOU TRY YOUR BEST TO HELP THEM IMPROVE, BUT THEY SIMPLY WON'T MOVE. THE QUESTION IS: ARE THEY PERMANENTLY STUCK? THE BEST SUPERVISORS WANT TO ENSURE EMPLOYEES HAVE EVERY OPPORTUNITY TO IMPROVE BEFORE MOVING THEM ALONG....
Taskmaster or Teacher? the Type of Supervisor You Choose to Be Makes a Difference
SOME SUPERVISORS MAKE A POSITIVE IMPRESSION ON THEIR EMPLOYEES' LIVES, WHILE OTHERS MAKE LIFE MORE DIFFICULT FOR THEIR SUBORDINATES. IF YOU'D LIKE TO HAVE QUALIFIED, HARDWORKING, CAREER-ORIENTED INDIVIDUALS TAKE YOUR PLACE WHEN YOU RETIRE, IT'S WORTHWHILE...
Tomorrow's Stars
Greetings, fellow colleagues and friends! It is already September and our Success Series 2009 meeting in Hawaii is right around the corner. I hope you are as excited as I am about the excellent educational sessions and industry networking opportunities,...

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