Magazine article Journal of Property Management

Managing the Unmanageable

Magazine article Journal of Property Management

Managing the Unmanageable

Article excerpt

In business as in life, there are the things we can control and things we can't. Things like the economy, and its distant relative, the legislative decision-making that could directly or indirectly impact the economy.

It should come as no surprise that both Nick Schwendeman and Ingo Kraus take philosophic views of those things beyond the reach of their control. But philosophic doesn't mean they don't care.

"I'VE NEVER SEEN SUCH UNREST IN THE POLITICAL FORUM," SAID KRAUS. "THE FINGER-POINTING AND NAME CALLING ARE EMBARRASSING, AND THEY'RE A DRAWBACK TO ANYTHING GETTING DONE IN WASHINGTON. But politics doesn't occupy a great portion of my mind. It's important to go and vote, but I don't spin my wheels too much about it."

Schwendeman confirmed he is involved with the political activities of IREM and NAR. "We try to stay as in tune as we can, and we recognize that sometimes the wheels of D.C. turn very slowly, and we can only hope the decisions they render will protect our industry."

In terms of the economy, despite the extended run of the upcycle (which itself would imply a coming downturn), Schwendeman remains confident: "It seems the fundamentals are sound. …

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