Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 77, No. 6, November-December

Achieve Your Philanthropic Goals: The Examples and Information in This Article Are for Illustrative and Education Purposes Only and Should Not Be Considered Tax or Legal Advice. Please Consult Your Tax or Legal Advisor about Proceeding with Your Estate Plan
There's a perceived complexity behind planned gifts that can make people feel confused. While planned giving involves thinking about the future, it should not be a negative thing. It can be very difficult to think about the future, but there can be...
A Global Discussion IREM Hosts Two International Delegations
More than 30 million visitors come to Chicago each year to see the city's impressive skyline, sample the food and partake in Midwestern hospitality. IREM Members from abroad are no exception. Hoping to learn more about the local property management...
A Master Class in Real Estate Trends: The IREM Income/Expense Analysis[R] Studies
The REM Income/Expense Analysis studies have been a valuable resource for over 57 years, designed to help property owners and managers, investors, appraisers, lenders, developers and other real estate professionals evaluate and optimize a building's...
A Pillar of Sustainability: The Frontier Project
As sustainable design continues to grow and evolve, the terrain can be tough to navigate. To address all that sustainable design has to offer, the Frontier Project Foundation in Rancho Cucamonga, Calif., built the Frontier Project, a 14,000-square-foot...
Article 3. Accounting and Reporting
For the AMO Firm, the management agreement defines the responsibilities imposed on both the managing firm and the owner of the asset. According to Article 3 of the AMO Code of Ethics, one of an AMO Firm's responsibilities is reporting. Put more succinctly,...
A Tale of Two States: Alabama and Mississippi: Corporations Are Increasingly Interested in Doing Business in the South, Helping to Expand Some Southern States' Economies and Improve Their Real Estate Markets, While Other States Down South Continue to Rely on the Same "Good Ole" Tenants That Have Always Sustained Their Markets
Alabama Accelerates According to Area Development magazine's 2011 "Top 10 States for Doing Business" list, released in early 2012, Alabama and Mississippi placed third and ninth respectively. Area Development covers corporate site selection and...
Bright Light of the Future: LEDs Take New Focus
First commercialized in the 1960s, LEDs--light-emitting diodes--proved a powerful but limited light source that seemed destined to remain the go-to lighting source for niche applications such as traffic lights, exit signs, car brake lights and dashboard...
Consumer Tablet Rumble: Nexus 7 vs. the Kindle Fire
If you've been holding out on purchasing an iPad either due to the size or price, you might consider either the Nexus 7 or the Kindle Fire, two popular 7-inch tablets. Although the first generation Kindle Fire and Google's Nexus 7 both use the Android...
Following Is an Exclusive Interview with James Kuntz, Executive CPM of Pacific Rim Properties, AMO
* What composes the Pacific Rim Properties team? What does your staff look like? Pacific Rim Properties has 45 employees, consisting of property managers, leasing agents, support staffs, onsite managers and maintenance technicians. * How long...
Intimate Knowledge Isn't Always User-Friendly
I've found my way around the world, through streets, subways, airports and buildings where signs aren't in a language I understand. So why are there times I get confused or lost in buildings and parking garages in the U.S.? After all, that's why there...
JPM[R] Annual Index
A Accounting, Jul-Aug: 59, Nov-Dec: 61 ACCREDITED RESIDENTIAL MANAGER (ARM) Members, compensation and benefits, Mar-Apr: 20 Achieve Your Philanthropic Goals (Holmes), Nov-Dec: 60 Affordable housing. Troubled Affordable Housing (Swinkowski),...
Real Estate as a Commodity
By its nature, the real estate industry resists commoditization. Properties can be complicated and may vary in too many ways to ever fit a single category, differing by factors like location, age, features, levels of upkeep and tenant agreements. Intangibles...
Should Political Campaign Sign Placement Be Restricted on Properties for Residential Apartments?
SAADAT KESHAVJEE, CPM, CMOC MANAGING DIRECTOR AMHURST PROPERTY MANAGEMENT LTD CALGARY, ALBERTA, CANADA SAADAT@AMHURST.NET [ILLUSTRATION OMITTED] Property managers are educated in the process of being objective, non-political and professional....
Snakes on a Plane? Turn Them into Marketing Opportunities!
If you've seen Snakes on a Plane, you know the feeling: creepy, crawly creatures and transportation are definitely not an alluring combination. In my case, it was bugs on a plane. Rerouted on Airline A in the midst of a tropical storm, I emerged from...
Solar Panel Projects: Does It Pay to Play?
Phrases like "going green" and "focus on sustainability" are commonplace in the real estate business today. The question of payback in relation to dollars spent on energy related items is central to everyone. When the payback period is two or three...
Strategizing for the New Year: Master Classes and Tips from the Dugout
And so we reach the end of another year. As we begin to gather around friends and family for the holiday season and close out another calendar year, it's appropriate to think about strategies for improving and redefining both ourselves and our businesses....
The Weakest Link
A few times in my career, my employer has had the unfortunate task of letting go one of their key employees. Terminating an employee is never easy, so much is invested to train and develop someone, not to mention the personal bonds that also take root....
Tips from the Dugout: What Baseball Strategies Can Teach Us about Retaining Tenants
In today's difficult times of leasing office space, holding onto existing tenants is even more important than ever in maintaining the economic well-being of every office building. So what can you do to retain your existing tenant base? In baseball,...
Trapped at Your Desk? Think, "Budget Season, Budget Season, Budget Season!"
As a kid, one of my favorite movies was the 1988 comedic horror film, Beetlejuice. You might recall that Beetlejuice (a ghost played by Michael Keaton) attempts to escape the house he lived in prior to his death. Beetlejuice longs to escape, but is...
What Does This Mean? Bush-Era Tax Cuts Set to Expire December 31, 2012
In December of 2010, Congress voted to extend tax cuts enacted by the Bush administration that were set to expire at the end of that year. The bill, the 2010 Tax Relief Act, essentially extended the Bush tax cuts for two more years, through 2012. Now,...
Who Owns a Security Deposit? the Manager's Role as a Fiduciary
I typically tell a prospective client that if you I require more than five seconds to answer the question, "Who owns a security deposit?" then you should hire a professional property manager. The property manager would--should--then respond that the...
Winter Maintenance Slip-Ups: Six Ways to Avoid a Liability
Winter property maintenance is more than just pushing snow around. Here are six simple things you can do to help reduce the chances of being involved in a personal injury lawsuit attributed to substandard winter maintenance operations. KNOW THE...
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