Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 77, No. 2, March/April

BREAKING into the Field of Property Management
SUCCESS STORIES AND SAVVY ADVICE FROM FOUR PROPERTY MANAGERS WHO HAVE MADE THE JOURNEYAnd if you're starting your career in property management, chances are, you've endured a tenuous tug-of-war between risk-taking and patience; enthusiasm and endurance.To...
Cam Audits: Making Dollars and "Cents" of It All
When considering the lifespan of commercial real estate, the benefits of a proactive property manager who thoroughly reads leases, understands the terms and language contained within them and their relation to the overall property, and is skilled in...
Face-Off
ONE QUESTION, TWO GENERATIONSWHEN IT COMES TO CHOOSING AN EMPLOYEE, WHAT'S MORE VALUABLE: EDUCATION OR EXPERIENCE? WOULD YOU RATHER HIRE A TWENTY-SOMETHING CPM DESIGNEE OR A NON-CPM DESIGNEE WITH 20 YEARS OF EXPERIENCE?EMILY GOODMAN, CPM, ARMREGIONAL...
Gadgets
THIS E-READER GETS AN "A"As an avid reader, I've managed to collect all of the Kindle models - including the recently released Kindle Fire. Having used them all, my hands-down favorite is the Kindle Touch. The lightweight Kindle Touch features a sharp...
Getting a Leg-Up on Armageddon
In July of 2011, a portion of a Los Angeles highway had to be out of commission for 53 hours for repairs. The media aggressively promoted it as "CARmageddon," which had catastrophic implications for the highway's millions of travelers, and prompted images...
Hurricane Irene and Special-Needs Residents
WHEN HURRICANE IRENE LANDED IN AUGUST OF 2011, THE OFFICE OF EMERGENCY MANAGEMENT CALLED AND ACCURATELY PREDICTED WHICH OF OUR PROPERTIES WOULD FLOOD. BY THEN, MOST STORES WERE OUT OF SANDBAGS, GENERATORS WERE IN SHORT SUPPLY AND NEIGHBORS WERE QUICKLY...
Internet Sales Tax
BY IREM LEGISLATIVE STAFFRecently, there has been much attention paid to the issue of internet sales taxes. On the federal level, several pieces of legislation have been introduced as a way to enforce the collection of these remote sales taxes. To give...
John and the Woodchuck Groundhog's Day
WHILE JOHN WAS PERFORMANCE A TASK OUTDOORS, HE SPIED A WOODCHUCK RUNNING ALONG THE BACKSIDE OF THE BUILDING AND RANNING ITS LITTLE HEAD INTO THE BRICKS. WAS IT INEBRIATED? RABID? POISONED? DERANGED? NOT AT ALL.The woodchuck had his head and neck stuck...
Know Your Code
KNOW YOUR CODEARTICLE 1: SERVICES TO CLIENTIn accordance with the management agreement, an AMO Firm shall make, or cause to be made, regular physical inspections of the clients' properties and shall keep its clients informed as to the condition of the...
Maintaining the Amo Code of Professional Ethics
IF YOU ARE THE EXECUTIVE CPM OF AN AMO FIRM, YOU COULD BE RESPONSIBLE FOR UPHOLDING THE ETHICAL STANDARDS OF HUNDREDS OF EMPLOYEES-ALL OF WHOM ARE SUBJECT TO THE SAME STANDARDS-WHETHER THEY ARE IREM MEMBERS OR NOT.While conducting day-to-day business...
Management Italiano: It's Business-And Personal
More than 100 property managers, including IREM Members from around the world, gathered in the picturesque resort town of Montesilvano, along the Adriatic coast, at the second-annual International Conference of the National Association of Condominium...
New to Real Estate Management?
DID YOU KNOW THAT THE IREM FOUNDATION AWARDED 121 SCHOLARSHIPS, VALUED AT MORE THAN $108,000, TO THOSE NEW TO THE REAL ESTATE MANAGEMENT BUSINESS?If you are interested in starting - or furthering - your career in real estate management by achieving an...
NIGHT WATCH: Are Energy "Vampires" Running Rampant in Your Property at Night?
When was the last time you walked your property at night?Visiting your building to look for unnecessary utility and equipment use during nighttime hours can save hundreds - even thousands of dollars per year. I promise: your building is using energy...
Pitch-Perfect
If there is one thing I wish I had known when I started out as a property manager, it would be that there is no cookie-cutter model for success: no breezy jog to home base; no pitcher-catcher signals miming your next maneuver or career strategy; no pinch...
Snapshot
CORPORATE HEADQUARTERSKing of Prussia, Penn.EXECUTIVE CPMCynthia Kim Nissen, CPMNUMBER OF EMPLOYEES80COMPANY WEBSITEwww.rentberger.comFOLLOWING IS AN EXCLUSIVE INTERVIEW WITH CYNTHIA KIM NISSEN, CPM, EXECUTIVE CPM OF BERGER RENTAL COMMUNITIES, AMO.*...
The Aloha State
Hawaii has said hello and goodbye to tourists, industries, jobs and retailers - causing the overall economic and real estate market conditions to be a mixed-bag of improvement and uncertainty.Our economic condition is still better than most other states...
Uneven Sidewalk Conditions
Things are going well. Your property management company has been in business for eight years without any major problems. Then one day you are served with papers indicating your company is being sued because a woman fell on a sidewalk on one of the properties...
Waiting for Opportunity to Come Knocking?
IT MIGHT BE LESS SPONTANEOUS THAN YOU THINK"OPPORTUNITY IS MISSED BY MOST PEOPLE BECAUSE IT IS DRESSED OVERALLS AND LOOKS LIKE WORK."-THOMAS EDISONDropping off a package at FedEx recently, I stopped to chat. The always-friendly clerk mentioned that she'd...
When Silent Partners ATTACK
IMAGINE THE FOLLOWING SCENARIO: A SURGEON IS IN THE MIDDLE OF PERFORMING SURGERY. WHEN ALL OF A SUDDEN. A BANKER WALKS IN WITH A CUP OF COFFEE. SITS DOWN. OPENS HIS BRIEFCASE AND BEGINS TO CORRECT THE SURGEON ON HIS PROCEDURES AND PRACTICES. OBLIVIOUS...
You Had Me at "Hello"
INSIDER INTERVIEWING TIPS FROM A HUMAN RESOURCES PROFESSIONAL FOR A PROPERTY MANAGEMENT FIRM.PREINTERVIEW TIPSFIRST IMPRESSIONS MATTERDoes your résumé reflect all that you have to offer to your potential new employer? Your résumé is no different than...
Zig-Zagging Ziggurat
HABITAT '67 IS AN URBAN MULTIFAMILY MASTERPIECE, ACHIEVING SPACIOUSNESS, PRIVACY AND HARMONY WITH NATURE IN THE DENSELY POPULATED URBAN CENTER OF MONTRÉALSituated on a narrow, man-made peninsula in the borough of Ville-Marie, Habitat '67's raw concrete...
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