Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 61, No. 4, July-August

A Long Way Down: Responding to Elevator Emergencies
Adapted from the 1995 edition of Before Disaster Strikes Being trapped in an elevator makes even the bravest person feel vulnerable. If an elevator breakdown occurs during an emergency and if it is accompanied by property damage, the situation can be...
Defusing the Workplace Time Bomb
All it takes is a few hours of TV newscasts to have each of us looking a little warily at the person in the next cubicle or the visitor in the waiting room. But are these fears real, or are they exaggerated by the media's unquenchable appetite for sensation?...
Do Property Managers Need Windows '95?
With the introduction of Windows[R] 95 and the almost 17 million copies of it already sold, Microsoft continues to lead the computing public into new directions. That's both the glamour and the pain of an interest in and dependence on technology. Microsoft,...
Financial Triage for Aging Condos: Can This Condo Be Saved?
Back in the 1980s, when the condominium market became saturated in Chicago, some converted properties took a downward turn. Buildings located in less desirable neighborhoods were hit the hardest. Unit values dipped, and condo owners' real estate investments...
Good Dog! Effective Pet Policies
Have you ever had a current prospective resident ask you the $6 million leasing question, "Do you take pets?" I'll bet you have, unless you just started in the apartment management field today. The more resident ask, the more managers realize that allowing...
High-Impact Marketing Hits the Mark
The One East Wacker building, a 41-story, 565,961-square-foot office building in Chicago's north Loop, has leased 52 percent of its vacant space in just one and a half years. Total occupancy increased from about 80 percent on December 31, 1993, to a...
Intensive Care: Managing Industrial CIDs and PUDs
What kind of condo these days would attract owners without offering them a pool, a state-of-the-art kitchen, or a fitness center? The answer is an industrial condo. Industrial-condo and planned-unit-development (PUD) communities - industrial parks comprised...
Is That You on the 6 O'clock News
"Our lead story this evening; a man was found shot in a stairway in the 900 block of Riva Road this afternoon. Let's go live to Barry Johnson at the scene for the latest..." If this hasn't happened to you yet, it will. It doesn't matter if you manage...
I Thought a Saw a Rat
Once you have a rodent problem, it only multiplies - literally and figuratively. According to the Department of Health Services, a female rat can breed at two months of age, and produces four to six litters of six to 10 pups each in her year life span....
Property Managers Everywhere
Property management - "the activity dedicated to generating the greatest possible net return from a property over its fullest economic life." Lloyd D. Hanford Sr., CPM[R] As this quote implies, there are two imperatives in property management. First,...
Revenues from the Rooftops
They are ideal tenants - a property manager's dream. They pay rent but don't complain about air quality or plumbing. All they ask is to be left on the rooftop where they can chat, buzz, bounce, receive, and relay signals with a host of other wireless...
Safety First: A Premises Liability Primer
It is 9 a.m., Friday, October 13 at Big City Real Estate Management Company headquarters. A deputy marshal has just served the company's corporate counsel with a summons and complaint styled, "Jane Doe. Plaintiff, v. Big City Real Estate Management Company...