Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 82, No. 5, September/October

2018 Governing Council Nominees
The IREM Nominating Committee has announced its slate of nominees for Governing Council. The election of the IREM Governing Councillors will take place on Thursday, October 12, 2017, in Chicago, at the annual meeting held in conjunction with the IREM...
3 Ways to Win the Marketing Jackpot
Have you ever seen a professional poker game? You may have noticed some high-stakes players wearing sunglasses an unusual sight for those of us (ahem, me) in the penny slots aisle. But wearing those shades is actually part of their strategy.It turns...
5 Ways to Promote Sustainability
Real estate investment management firms and service providers across the United States, including owner-operators, life insurance companies, private equity funds, publicly-traded real estate investment trusts (REITs), direct lenders, tax credit syndicators...
Ada & Online Accessibility
By IREM Government Affairs StaffSigned into law in 1990, the Americans with Disabilities Act (ADA) has been one of the most comprehensive steps toward providing equality for millions of Americans living with disabilities. The ADA has undergone many changes...
Check Yourself
This certainly supports the idea that regular attention to ethics is what sets IREM Members apart from others in the industry while also intended to protect the public and promote fair competition.The survey results also identified the three articles...
Co-Living Goes Mainstream, but This Is Not Roommate Roulette
CNBC News, OlickA new rental model, co-living, is poised to change the apartment sector. Co-living basically means that strangers move in together, sight unseen, each signing their own lease for a private bedroom and bathroom but sharing common spaces....
Dashboards Give Asset Managers a Better View
Imagine being able to review your deal pipeline and instantly make decisions on the economics of a lease with the rent-per-square-foot market trends across your portfolio available at your fingertips. A single dashboard that integrates asset management,...
Download Me
MORECAST™Keep on top of the weather where you are and where you're going with MORECAST. This handy app includes features that allow side-by-side weather comparisons for two locations and let you see what's ahead in the travel route you've set, so you...
Gadgets
SWEEPOVACSweeping up all the spills, crumbs and food droppings in the kitchen and reaching for your dustpan or vacuum is a thing of the past. With the Sweepovac, you can grab your broom and sweep dust, dirt and pet hair directly into a discreet kitchen...
Green Technology Update
Sustainability and technology go handin-hand. New products and solutions flow from public and private entities, and the good ones change the way we do business by creating efficiencies in processes and resources. Let's take a look at a selection of potentially...
Highlights from the Income/expense Analysis® Studies by Irem
THE IREM INCOME/EXPENSE ANALYSIS STUDIES HAVE BEEN INVALUABLE RESOURCES TO REAL ESTATE MANAGEMENT PROFESSIONALS FOR OVER 60 YEARS.They are designed to help industry players from property owners and managers, to investors, appraisers and lenders, to developers...
How to Get over the Tech Hump
By now you've probably noticed the ubiquitous presence of technology, applied to everything from your home's garage door opener to the systems that control virtually every capability of the buildings you manage, like lighting, security and HVAC. We're...
Inspired BY THE PAST, Built FOR THE FUTURE: MANAGING HALIFAX'S PROPERTIES & HERITAGE
By the IREM Global Services DepartmentHALIFAX, NOVA SCOTIA, HAS A RICH HISTORY THAT WON'T SOON BE FORGOTTEN, ESPECIALLY IF THE LOCAL POPULATION HAS ANYTHING TO SAY ABOUT IT. Settled by the British in 1749, the city is situated along the Halifax Harbour,...
Maintaining a Historic, Urban, 2-Million Square Foot Multi-Use Facility
What happens when you redevelop a historic building to create a new urban landmark? If done right, you get an award-winning, 10-story mixed-use development with restaurants, stores, offices, residences, event space and a rooftop entertainment area. After...
Mind Your Virtual Footprints
Social Media ranks in the top five ethical issues today. With technology and social media being so much a part of our lives, it is imperative that we realize how it fits with our professional ethics.While it is common for real estate professionals to...
New Cpm Members
JUNENeha Agrawal, CPMJason A. Bilanin, CPMKari L. Brown, CPMWylie J. Chung, CPMJimmy H. Chung, CPMJoni L. Cross, CPMCarlene B. DesJardin, CPMJacob S. Downing, CPM, ARM, ACoMDanielle D. Doyle, CPMGloria J. Fay, CPM, ARMP. Marc Fischer, CPMAnn Marie Gallagher,...
New Products
ECOBEE4 THERMOSTAT SYSTEMThe Ecobee4 Thermostat system is very good at what a thermostat is supposed to do. Rather than managing temperature from the one location where it's placed and only controlling conditions in that spot, it communicates with sensors...
On the Road
SEPTEMBER9/7Western North Carolina Chapter No. 40 Property Management Summit & Trade ShowLocation: Charlotte, N.C.Visitor(s): J. Benjamin McGrew, CPM, CCIM9/13 - 9/15ProEstateLocation: MoscowVisitor(s): Michael Lanning, CPM, J. Benjamin McGrew, CPM,...
Plan on Being a Giver
The third week in October (17-23) is National Estate Planning Awareness Week. Now is a good time to get one thing off your bucket list: drafting your estate plan. Estate planning is not for you but for the loved ones you leave behind. Put your family...
Poor Employee Performance?
The report due yesterday hasn't been turned in. The lobby's cleanliness doesn't meet your expectations. And the order for blinds hasn't been placed. But why? The reason(s) for poor performance must be identified so the work can be corrected. The cause,...
Presenting the 2017 Irem Reme Award Finalists
IREM is excited to announce the finalists for the 2017 REME Awards, recognizing excellence in real estate management. This year's finalists run the gamut from regional to international in scope, covering both residential and commercial sectors, and they...
Southeast Regional Outlook
ATLANTA: ECONOMIC GROWTH SPURS HOUSING DEMANDAtlanta, and Georgia as a whole, is predicted to experience stronger economic growth (3.2 percent) compared to the U.S. (2.6 percent) in 2017. This is driven primarily by the diverse employment base. Household...
Stepping Up and Standing Out
It can be challenging to hit on ways to separate your business from the rest of the pack. As soon as someone mentions using a new, effective approach suddenly everyone is jumping on that same bandwagon.IREM's Income/Expense group wants to give you a...
TAX DEPRECIATION BENEFITS RELATED TO REALTY: An Update on Recent Changes
FOR MANY REAL ESTATE INVESTMENT PROJECTS, FEDERAL INCOME TAX BREAKS AND INCENTIVES CAN HAVE A SIGNIFICANT IMPACT ON DETERMINING THE PROFITABILITY OF THE PROJECT. Some tax breaks for real estate, like Modified Accelerated Cost Recovery System (MACRS)...
THE MODERN LIFE OF A Chicago LEGEND
Chicago boasts some of the world's most historic and iconic architectural masterpieces. And you can find one of its most famous architectural gems, The Rookery, in the heart of the city's financial district.The 129-year-old building was one of the first...
Turn Your "Likes" into Leases
I can remember a time not too long ago when I would be hassled (mostly lovingly) by older friends or colleagues."You millennials and your phones," they'd say.Fast forward a few years to present day and that statement would be, "Everyone and their phones."...
What New Technologies Mean for the Future of Office Space
National Real Estate Investor, KirkChanges in office environments have come fast over the last several years, with new technologies advancing digital mobility and empowering workers to demand a more flexible work environment. In turn, more and more office...
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