Magazine article Journal of Property Management

President's Letter

Magazine article Journal of Property Management

President's Letter

Article excerpt

In so many ways, the world in which we live is getting more expansive while also becoming more intimate. Advancements in travel and communications allow us to easily reach across oceans to other parts of the globe, at the same time pulling those parts closer to our area of the cosmos. So, as properly management professionals, we often find ourselves in situations that require us to be aware of the practices of other cultures outside of our own and maybe shift course to address them sufficiently. Whether it's investing in property in other countries (such as Italy, where the property management field is in the earlier stages of taking hold, as you can read about in the Global Practices article on P32), or managing tenants from other countries who bring with them different cultural norms, a global mindset is necessary to succeed. In this issue's feature on P14, some of our members offer their experiences with the effects of globalization on their business practices and what needs to be considered when accommodating different ways of life.

We here at IREM are in the midst of experiencing a special instance of globalization--installing our first president from outside the United States. I am honored to hand the reins of the organization over to Cheryl Gray, CPM, who hails from our northern neighbor, Canada (Toronto, to be exact). This allows her to look at the Institute from a different angle, and with that bring a fresh eye to what directions should be taken to keep IREM evolving and growing. …

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