Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 57, No. 5, September-October

A Comparison of Property Management Accounting Software
Part III The ideal property management software selection system would enable you to scan a list of important items, find the combination that perfectly meets your needs, and then find the one perfect program that contains every single one of...
Business Ethics: A Primer for Managers
Ethics is not just an abstract concept. Virtually every day, a property manager faces clients and tenants negotiating for the best terms and treatments. While paying for a customer's lunch or allowing a tenant to move in a day early may be acceptable...
Communicating through Change
Many of us in the property management business are familiar with corporate change. We acquire new properties to manage, we open new buildings, and we reposition old ones. In January 1990, my company merged with two other established firms. I was...
Community Associations Come of Age
As the modern community association movement fast approaches thirtysomething, old questions are still haunting us, old values no longer necessarily apply, and the industry is not nearly as mature as its years would indicate. Five areas in particular...
Effective Employee Appraisals
A property management firm with fewer than 50 employees has its advantages and disadvantages when it comes to managing employee performance. On one hand, individuals in small organizations usually have closer relationships with each other and with...
Exploring New Sources of Business
Whether they blame it on the national recession or simply view it as a natural evolution of their business, property and asset managers in many markets are finding themselves in uncharted territory. Because of heightening competition and shrinking...
Handling Financially Troubled Commercial Tenants
Today's chronically weak economy and attendant rise in business bankruptcies has highlighted the need for landlords and property managers to familiarize themselves with bankruptcy issues. A general knowledge of bankruptcy law helps managers understand...
Lease-Analysis Programs
Throughout the 1970s and early 1980s, many real estate ventures were structured on the back of an envelope and supported with rudimentary cash-flow analyses. Today, however, most analysts agree that the real estate industry is becoming more conventional....
New Demands from Pension Fund Investors
A new sense of partnership is emerging between asset managers and their pension-fund clients. The tension that currently crackles between institutional investors and their outside managers is likely to result not in divorce, in most cases, but in...
Owners Should Loosen Tenant Credit Policies
We all know that owners' costs of tenant finish, lease assumptions, free rent, and other concessions have increased dramatically in the current competitive market. In addition, the general sluggishness in business conditions is reducing tenant viability,...
Plumbing Steps That Save Water
By current predictions, 45 percent of the U.S. population will live in areas regulated by water-conservation legislation by the beginning of next year. States like California, Texas, and Arizona, which have been plagued in recent years with continuing...
Preparing for ADA Title I
By now, everyone in real estate has heard of the Americans with Disabilities Act, or ADA. In January 1992, Title III of ADA required the removal of physical barriers that prevented the disabled from accessing public accommodations. On July 26,...
Property Management in Transition
Years from now, when the next generation of real estate professionals comes into its own, the overindulgences of the 1980s will probably be considered a textbook case in greed and hubris. What the textbooks may not point out is that by the early 1990s...
The New EPA Lender Liability Regulation
Since the Environmental Protection Agency released its final regulation on the liability of secured lenders under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) in April, the agency may well have expected investors...
Total Quality Management
Quality circles. Statistical process control. The "quality gap" between the United States and Japan. Each day we hear more about the need for quality in all aspects of American business. But quality can be very hard concept to pin down. Many...
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