Journal of Property Management

Browse past and current articles from this publication.

Committed to excellence.(PRESIDENT'S INSIGHTS)
It's hard to believe that we're more than halfway through 2009. The year has been full of challenges and success stories; and IREM has been there through it all. In the last few months, we responded . . .

Legislation to support building safety re-introduced.(INDUSTRY NEWS & NOTES)(Brief article)
A federal grant program to assist communities as they adopt and administer construction safety codes that protect property and the public was re-introduced in the U.S. Congress with bipartisan suppo . . .

Empire State Building undergoes retrofits for efficiency.(INDUSTRY NEWS & NOTES)(Brief article)
The Empire State Building in New York City will undergo an energy efficiency retrofit as part of a $500 million planned upgrade to the famous office building. [ILLUSTRATION OMITTED] The program . . .

Cushman & Wakefield report reveals post-recession retailer opportunities.(INDUSTRY NEWS & NOTES)
Cushman & Wakefield, Inc., AMO*, recently released a business briefing on U.S. retail opportunities entitled, "When the Storm Passes." The report outlines substantial opportunities for retailers stu . . .

Quotables.(Quotation)
"If we could sell our experiences for what they cost us, we'd all be millionaires." --ABIGAIL VAN BUREN, ADVICE COLUMNIST "You can never plan the future by the past." --EDMUND BURKE, IRISH STA . . .

Wind turbine use grows in united states.(INDUSTRY NEWS & NOTES)(Brief article)
According to a recent study by the American Wind Energy Association, at least 219 companies in the world manufacture, or plan to manufacture, small wind turbines. The U.S. market for small wind turb . . .

Michigan proposal puts LEED power in local hands.(INDUSTRY NEWS & NOTES)(Leadership in Energy and Environmental Design)(Brief ar
According to an article in the Ann Arbor Business Review, a Michigan state representative has introduced a bill that would allow local governmental bodies to implement U.S. Green Building Council LE . . .

Study: investors pay more for energy-efficient buildings.(INDUSTRY NEWS & NOTES)(Brief article)
Large institutional investment firms are factoring the market value of energy-efficient property into their real estate investment models, according to a recent study by Responsible Property Investm . . .

Report finds sustainability to be recession proof.(INDUSTRY NEWS & NOTES)
The shift in real estate markets toward sustainable buildings will experience only a mild disruption from the global recession, according to recent research published by RREEF, the investment manage . . .

Search me.(INDUSTRY NEWS & NOTES)(List)
http://buildings.com Buildings.com is a unique information resource that provides a community for the buildings industry, with the latest news, an articles archive, research and an extensive onlin . . .

Fast facts.(INDUSTRY NEWS & NOTES)(Brief article)
The HEART of a blue whale is the size of a small car. In the Middle Ages, SUGAR was a treasured luxury costing 9 times as much as milk. [ILLUSTRATION OMITTED] It is impossible to SNEEZE and ke . . .

Lighten your load reduce energy consumption in buildings by unplugging electronics.(GREEN SCENE)
FOOTBALL IS A GAME OF INCHES. YOU FIGHT FOR EVERY YARD TO MAKE A FIRST-DOWN OR TOUCHDOWN. IN ENERGY MANAGEMENT, WE FIGHT FOR EVERY QUARTER POINT OR HALF POINT OF REDUCTION. IT ALL ADDS UP. [ILLUST . . .

Opportune times improve marketing by investing in technology and tenant service.(MARKETING SOLUTIONS)
YOU'VE PROBABLY HEARD THE SAYING, "OPPORTUNITY KNOCKS." BUT WHEN OPPORTUNITY DOES SHOW UP AT YOUR DOOR, WILL YOU BE READY"? Sure, we all have troubles these days with properties, tenants and even . . .

Trust in training uphold your duty to employees by keeping them informed and prepared.(HIGHER GROUND)
THE PROPERTY MANAGER'S JOB IS ALWAYS A CHALLENGE, WHETHER TRAINING NEW EMPLOYEES OR STARTING AT A NEW SITE AND HAVING TO RE-TRAIN EMPLOYEES WHO HAVE BEEN THERE FOR SEVERAL YEARS. The essential thing . . .

Close connections make the most of your IREM family relationships.(MY PERSPECTIVE)(Institute of Real Estate Management)
REAL ESTATE, SO THEY SAY, IS ALL ABOUT LOCATION, LOCATION, LOCATION. AND TO ME, BEING AN IREM MEMBER (S ALL ABOUT CONSANGUINITIES. No, I won't repeat that three times. Actually, the first time I s . . .

2009 IREM and CCIM Institute Capitol Hill Visit Day a success.(IN SESSION)(Institute of Real Estate Management)(Conference notes
On April 22, over 275 commercial real estate professionals, including 250 IREM Members, gathered in Washington, D.C., to participate in the 12th annual Capitol Hill Visit Day. Members representing 4 . . .

Windy city icon the Federal Reserve Bank of Chicago building exudes a sense of pride and prosperity.(FAMOUS PROPERTIES)
With financial institutions throughout the country making headlines during today's economic crisis, the larger-than-life image of banks has begun to shift. However, in the center of Chicago's financ . . .

Hitting back hard Gulf Coast states provide opportunities for experienced property managers.(REGIONAL OUTLOOK)
For the past two decades, the Gulf Coast states of Texas, Louisiana, Alabama, Mississippi and Florida have been at the center of a demographic explosion, with population rising dramatically. That . . .

Capital investment: improvements are possible with creativity and foresight.
THESE DAYS, PROPERTY MANAGERS NEED TO BE SAVVY ABOUT HOW THEY SPEND THEIR CAPITAL IMPROVEMENT BUDGETS--especially when they have limited funds. A whole range of projects fall under this umbrella ter . . .

Dealing with disaster: IREM Members survive the Midwest Floods of 2008.(Institute of Real Estate Management)
Even during the best of times, property managers know they must be ready for disaster to strike. Building emergencies (fires, power outages, bomb threats, medical emergencies, etc.), weather-related . . .

Getting back to basics: analyzing residential operations and diversifying services will strengthen your company in a challenging
how does your bottom line look today? What about your clients' bottom lines? A great number of economic troubles are facing the world of professional property management, including premature breakag . . .

How to negotiate with tenants in a tough economy: the following article is an excerpt from the new IREM publication, The Leasing
In lease negotiations, we strategize how to negotiate the best possible deal for our client--the landlord. When the market is strong, we focus all our attention on the needs and concerns of our clie . . .

Understanding EPA's new renovation, repair painting rule: now is the time to prepare for compliance.
In April 2008, the U.S. Environmental Protection Agency (EPA) published its Renovation, Repair and Painting rule in the Federal Register. This law, which becomes fully effective on April 22, 2010, w . . .

Know your IREM code of professional ethics: Article 9. Duty to former clients and former firms or employers.(KNOW YOUR CODE)
A MEMBER shall act in a professional manner when, for whatever reason, relationships are terminated between a MEMBER and a client and firm or employer. [ILLUSTRATION OMITTED] Never burn a bridge . . .

Stephen Donell, CPM[R], ARM[R].(CAREER MOVES)
Stephen Donell, CPM[R], ARM[R] and vice president of Jalmar Properties, Inc., AMO[R], in Los Angeles, has been appointed to the board of directors of the Los Angeles/Orange County Chapter of the Cal . . .

Robert M. Dominy, CPM.(CAREER MOVES)
Robert M. Dominy, CPM, will serve as president of the newly established Merion Realty Management, LLC, which will provide property management services for CMS Companies in the Southeast and Mid-Atla . . .

Twin sisters Tanya Little, CPM, and Angel Benschneider, CPM.(CAREER MOVES)
Twin sisters Tanya Little, CPM, and Angel Benschneider, CPM, have formed Hart Advisors Group, LLC, a full-service business and real estate advisory company specializing in commercial property, asset . . .

Robert Stark, a 25-year commercial real estate industry veteran.(CAREER MOVES)
Robert Stark, a 25-year commercial real estate industry veteran, has joined the Global Client Solutions Group at Cushman & Wakefield, AMO[R], in East Rutherford, N.J., as senior portfolio manager. S . . .

James L. Helsel, Jr., CPM.(CAREER MOVES)
James L. Helsel, Jr., CPM, and principal with RSR REALTORS[R], was re-elected treasurer of the National Association of Realtors (NAR[R]) for a third year. Helsel is also a past president of the Grea . . .

In memoriam: Irving.(Obituary)
"Bud" Truitt, Jr., CPM Emeritus Irving "Bud" Truitt, Jr., CPM Emeritus, of Century 21 Nachman Realty, passed away March 30, 2009. A native of Norfolk, Va., Truitt was active in real estate for over . . .

Cagan.(AMO SPOTLIGHT)
Michael Daniels, CPM[R], is director of asset management of Cagan Management Group, a firm that manages properties in Illinois, Florida, Louisiana, Indiana, and most recently, Texas. Daniels oversee . . .

Ethics boards active at 2009 IREM Leadership & Legislative Summit.
The Board of Ethical Inquiry reviewed six new complaints. Three of the complaints were dismissed as the issues raised were not ethical violations. Three of the complaints will be investigated to det . . .

Awards & recognition.
Levin Management Corporation, AMO[R], was named "Firm of the Year" by the IREM New Jersey Chapter No. 1, in recognition of its outstanding performance and contributions to the field of retail leasin . . .

On the road.(Calendar)
JULY 6 Alaska Chapter No. 97 Location: Anchorage, Alaska Visiting Officer: Pam Monroe, President JULY 10 Rochester-Western New York Chapter No. 58 Location: Rochester, N.Y. Visiting Of . . .

Course Listings.
FOR THE MOST UP-TO-DATE COURSE LISTINGS, PLEASE VISIT WWW.IREM.ORG/EDUCATION. COURSE CODES KEY ARMEXM // ARM Certification Exam ASM603 // Investment Real Estate Financing and Valuation - Part . . .

Troubled Times/Troubled Properties.(RVP CORNER)
In RVP Corner, JPM shares the thoughts and opinions of an IREM Regional vice president on a single topic covered in the current issue of JPM and how it affects the region he or she oversees. [ILLU . . .

2008 Chapter Award Winners.(2009 LLS HIGHLIGHTS)
2008 CHAPTER AWARD WINNERS Congratulations to the IREM 2008 Star Chapters that were acknowledged at the Leadership & Legislative Summit. Eighty-two chapters were recognized as One, Two. Three, Four . . .

Sneak peak at Success Series 2009.
Here is a preview of just a few of the education sessions offered at Success Series 2009 in Hawaii this October! Visit www.CCIMIREMSuccessSeries.com for the full schedule and registration informatio . . .

Acer aspire one netbook.(GADGETS)
To achieve greater portability, many computer users have chosen to make their primary computer a laptop. Historically, that portability has come at an increased premium; but in 2008 laptop makers be . . .

Mimo LCD portable monitor.(GADGETS)
One of the keys to a successful paperless office is having enough "screen real estate" to manipulate all of your documents, and this is often achieved through multiple monitors. While on the road, m . . .

Kindle reader for iPhone.(GADGETS)
Not sure if you are ready to take on a digital book reading device? Why not try out the free Kindle application provided by Amazon for your iPhone? Quickly download the application to your iPhone, v . . .

Cloud coverage IREM member shares software strategies for economizing your tech budget.(DUCTAPE)
Until recently, our company was like most small- to medium-size companies in terms of its computer technology infrastructure. Our e-mail was managed via a Microsoft Exchange server; our corporate da . . .

Helping hands.(NEW PRODUCTS)
The XLerator hand dryer from Excel Dryer, Inc. is an infrared sensor activated dryer that dries hands completely in 10 to 15 seconds. Made from die-cast zinc alloy, the one-piece unit is lightweight . . .

Kit and caboodle.(NEW PRODUCTS)
BAI-Belimo Electronic Actuator Retrofit Kits allow heating, ventilating and air conditioning (HVAC) valves to be up-fitted without shutting down and draining the system. The kits feature an actuator . . .

Clean machine.(NEW PRODUCTS)
The HEPA-AIRE H2500IV IntelliVac by Abatement Technology is a portable vacuum for residential and commercial air duct cleaning. With its lightweight, four-module design, one or more of the upper mod . . .

Guard duty.(NEW PRODUCTS)
GUARD DUTY ICO-Rust Guard is a direct-to-metal coating by Rust Guard International Coatings Inc. It features a 100 percent solid, zero volatile organic compound (VOC) epoxy coating that provides an . . .

Excuse of the day: when it comes to collecting rent payment, property managers have often heard some strange and laughable excus
"I can't pay my rent because my dog ate my teeth." "I couldn't pay because the mailbox outside my office is broken." One tenant actually told me, "I couldn't pay the rent because I had to pay th . . .

Let's come together.(PRESIDENT'S INSIGHTS)(Institute of Real Estate Management's activities)
In addition to visiting IREM Chapters throughout the United States since my inauguration as the 2009 IREM President, I recently have had the opportunity to travel with the Institute to South Korea. . . .

New building energy label to launch in June.(Brief article)
A new consumer label that would grade all commercial buildings according to their energy efficiency is being developed by the American Society of Heating, Refrigeration and Air-Conditioning Engineer . . .

Top 10 states with foreclosure filings by rate, February 2009.(INDUSTRY NEWS & NOTES)(Statistical table)
TOP 10 STATES WITH FORECLOSURE FILINGS BY RATE, FEBRUARY 2009 FILINGS NUMBER OF HOUSEHOLDS FORECLOSED TOTAL 1 Nevada 1 in 70 15,783 2 Arizona . . .