Magazine article Journal of Property Management

No Horsing Around!

Magazine article Journal of Property Management

No Horsing Around!

Article excerpt

Unbelievable or outrageous true stories about everyday experiences in real estate management

AS A REGIONAL PROPERTY MANAGER, PERIODIC SITE VISITS ARE A VERY IMPORTANT PART OF OUR RESPONSIBILITY to owners in order to inspect the properties and meet with office and maintenance staff. I have always enjoyed this and generally like to make surprise visits to sites and to walk the property prior to meeting with staff. It is my style to often stop by a property on a Saturday or Sunday to see what happens on the weekend.

During the mid-1970s, one of the buildings in my portfolio was a twin tower, 360-unit lift slab constructed building built along a river with a sloping landscape. The building had various entrances, offering access to the catacombs, underground parking, boiler rooms and many "hidden" rooms and hideaways. During the first month of managing this particular building, I made a Saturday inspection.

While walking from the parking lot down the sloping terrain toward the river I passed an open double-door entrance about three stories below street level. Out of the corner of my eye I thought I saw something move inside. …

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