Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 72, No. 2, March-April

Assessing Assessments: Careful Evaluation Saves Managers and Owners Money
Performing an annual review of real estate assessments provides property managers and owners an opportunity to control and possibly reduce a major operating cost--real estate taxes. Real estate taxes can represent 15 to 20 percent of occupancy overhead...
Balancing Act: Challenges and Rewards Abound for Those Interested in Breaking into Community Association Management
Steve Barber, CPM, is seeing double. [ILLUSTRATION OMITTED] In the last three years, Barber, president and owner of Invest West has watched business double in the company's community and homeowner association management division. It now manages...
Certifiably Green: Obtaining LEED Certification for a Green Building Can Be a Daunting Task, but More Managers Are Finding the Rewards Well Worth the Challenge
When property manager Kathy McKenna Harmon, CPM, with McGough Development in St. Paul, Minn., first heard the phrase "green building," she thought it referred to the building's color. But during construction of her company's first green building she...
Control Room: Effective Managers Allow Employees Control over Their Work
Control, what a distinctly opposite effect it can have: To control your own life is an elixir for nirvana. To control someone else's work is a poison for a painful malady. Understanding the important effects of control--when to keep it for yourself...
Course Listings
Course Listings MARCH FIN402 March 15-16 Portland, Ore. ASM605 March 16 Rochester, N.Y. CPM001 March 16 Rockville, Md. ASM603 March 19-20 San Diego ASM603 March 19-20 Charlotte, N.C. ASM603 March 19-20 Orlando, Fla. MNT402...
Enhancing Opportunities: Real Estate Managers Realize New Profits with VA Partnerships
With over 230,000 employees and a budget approaching $80 billion, the U.S. Department of Veterans Affairs (VA) is the federal government's second largest agency and one of the major property managers in the federal government. The agency administers...
Film Development: Window Film Adds Extra Protection to Properties
Not long ago, window film's only function was to block solar heat coming through windows. The film reduced temperatures and the cost of air conditioning. Today, security window film applied to existing glass can save lives, reduce injuries and protect...
Foundation Helps CPM Member Weather the Storm
Upon returning to his company's office in New Orleans following Hurricane Katrina, Bill Soniat, CPM and president of Soniat Realty Inc., found more of a flooded mess than a business headquarters. All his files were wiped out; his antique office furniture...
From Ph.D. to CPM
I was supposed to be a college professor. [ILLUSTRATION OMITTED] In graduate school, I studied geography and geology and was pursuing my Ph.D. But life's circumstances changed. My mentor took a sabbatical and I did not want to wait a couple years...
Greening the Heartland: Midwestern Properties Continue to Make Environmental Improvements
Compared to the green building efforts of other regions in the country, the Midwest's standing is reflective of its geographic location--right in the middle. More progressive in general, the East and West coasts are at the forefront of the green building...
Healthcare Rx: Small Businesses Search for Healthcare Cost Solutions
Every year, Tomlinson Black Inc., shops its employee healthcare coverage to various insurers to find the lowest rates. And every year, for about the past 20 years, the Spokane, Wash.-based property management firm has been coming back to the same provider....
IREM Partners with NAHB to Provide Affordable Housing Education
Real estate management professionals in the affordable housing arena will now benefit from a unique partnership between IREM and the National Association of Housing Builders (NAHB). In October 2006, IREM and NAHB signed an agreement allowing IREM to...
Mind Your Ethics: Managers Should Keep Ethics at the Forefront of Every Decision
Real estate managers can often be put in very difficult situations when managing their properties. These situations will often test the ethical standards many have learned to live by, through association with IREM and through years of experience as...
Much More Than Mail: Old Post Office Building Reveals Intrigue and Complexity of a Federally-Owned Landmark Property
There's a lot to be said for a building that has survived not one, but two attempts to demolish it. The Old Post Office Building in Washington, D.C. was completed in 1899. Located in the Federal Triangle, it was the first building erected on Pennsylvania...
New Operating Rule Transforms Public Housing: Private-Sector Best Practices Find Place among Government Housing Authorities
The world of public housing is undergoing a dramatic change--private-sector asset management practices are replacing traditional public housing funding and management policies. For the 3,200 public housing agencies in the United States, this means...
Preparing for the Worst: Local Fire Departments Help Property Managers Plan for Disasters
For the first several minutes of any emergency--be it a fire, a medical emergency or an approaching hurricane--people inside an affected building and those responsible for managing it will be the ones who respond. Having a solid emergency plan is critical...
Promotional Material: Promoting Employees from within a Company Takes Hard Work and Commitment, but Often Pays Off
When IPA Management Inc., created two new district manager positions in 2006, the Michigan real estate management company didn't launch a recruitment campaign to find candidates from outside the firm. Instead, it promoted two property managers from...
Property Portals: Cost-Effective Technology Solutions Exist for Small-To Mid-Size Portfolios
At different points in my career I have directly owned and managed a handful of small properties. It has always been interesting for me to figure out what tools I should use to manage them. Most of the time I provide technology advice to large real...
RVP Corner
Robin Stinson, CPM, is the IREM Regional Vice President for Region 4 where she oversees the activities of six chapters in Florida and Georgia. Stinson also serves as president of CAMEO Professionals, Inc., Orlando, a full service real estate management...

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