Magazine article Journal of Property Management

Strategizing for the New Year: Master Classes and Tips from the Dugout

Magazine article Journal of Property Management

Strategizing for the New Year: Master Classes and Tips from the Dugout

Article excerpt

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. Much of this issue of JP/VP does just that.

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We start with a look at an invaluable set of tools property managers can use to track real estate trends in "A Master Class in Real Estate Trends: The IREM Income/Expense Analysis Studies" (p. 52), detailing how to use the IREM Income/Expense Analysis Studies to keep rent rates and property income ahead of the curve. These studies have been a strong part of the IREM tradition of equipping managers with the best, most recent knowledge in real estate management; be sure to keep them at your disposal.

But having the numbers where we want them is only one part of the management equation; we also need a set of tactics to ensure we're using that information. When it comes to thinking about statistics and strategy, few things spring to mind before baseball. In "Tips from the Dugout: What Baseball Strategies Can Teach Us About Retaining Tenants" (p. 18), we explore how thinking like a baseball manager can strengthen your team and provide Series-winning levels of tenant satisfaction. …

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