Journal of Property Management

Browse past and current articles from this publication.

You be the judge: use self-judgment constructively and you'll be better for it.
I'M JUDGMENTAL. SURE, I TELL MYSELF I'M NOT. BUT I JUDGE CONSTANTLY. To assuage my guilt, I consider my judgment warranted. In what do I sit in judgment? Me. My disclosure is also tempered because . . .

Leading economists confirm U.S. recession.(INDUSTRY NEWS & NOTES)(Brief article)
The National Bureau of Economic Research (NBER) issued a statement in December confirming the United States. has been in a recession since December 2007. According to the report, employers have redu . . .

TSA adopts new airport security checks for laptop bags.(Transportation Security Administration)(Brief article)
In an effort to streamline the airport security process and better protect laptops, the Transportation Security Administration (TSA) recently announced it will allow passengers to leave their laptop . . .

Green roof and maze open atop APA building.(INDUSTRY NEWS & NOTES)(Brief article)
The first green roof and labyrinth in the United States recently opened atop and eight-story office building owned by the American Psychological Association (APA) in Washington, D.C., according to G . . .

Research center to develop new lighting technology.(INDUSTRY NEWS & NOTES)(Brief article)
A new research center at Rensselaer Polytechnic Institute in Troy, N.Y., was recently funded by a five-year, $18.5 million grant from the National Science Foundation (NSF) to develop light-emitting . . .

Faltering LIHTC market underscores importance of quality management.(INDUSTRY NEWS & NOTES)
According to an article in the November 12 issue of The New York Times, Fannie Mae Freddie Mac, and Citigroup have stopped buying Low Income Housing Tax Credits (LIHTC), one of the primary tools for . . .

Global network to determine water footprint standards.(Brief article)
SEVEN GLOBAL GROUPS RECENTLY FOUNDED THE WATER FOOTPRINT NETWORK, a collective focused on determining a common approach to water footprint measurement, accounting and reporting. The water footprint . . .

FAST FACTS.(Brief article)
The Hawaiian alphabet only contains 12 letters: a, e, i, o, u, h, k, l, m, n, p and w. When first constructed around 2500 BC, the pyramids were paper white, smooth as glass and topped with golde . . .

Quotables.(INDUSTRY NEWS & NOTES)(Quotation)(Brief article)
"As for the men in power, they are so anxious to establish the myth of infallibility that they do their utmost to ignore truth." --BORIS PASTERNAK, RUSSIAN NOVELIST "I have tried to be as eclect . . .

Search me.(websites)(List)
www.homefair.com Homefair.com offers free online reports on cost of living, climate, demographics, schools and crime rates for local communities around the country. chemicalspolicy.org The dat . . .

Cushman & Wakefield reports predict real estate recoveries in three regions.(INDUSTRY NEWS & NOTES)
Cushman & Wakefield, AMO[R], recently released three reports that suggest the United States, Europe and Asia are experiencing similar short-term challenges that will likely affect commercial real es . . .

Plan to cool buildings with lake water underway in Syracuse, N.Y.(Brief article)
Researchers from the State University of New York College of Environmental Science and Forestry (SUNY ESF) are in the early stages of a project to pipe the waters of Lake Ontario to cool buildings a . . .

New life for a landmark: redevelopment of Christman Building merges modern technology with historic charm.
DURING A 2006 WALK-THROUGH OF THE FORMER MUTUAL BUILDING IN LANSING, MICH., JAMES CASH AND STEVE ROZNOWSKI LOOKED BEYOND THE STANDING WATER, MISSING CEILING TILES AND PARTIALLY DEMOLISHED WALLS AND . . .

Four Corners forecast: potential opportunities exist for real estate managers despite economic crisis.(Colorado, Arizona, New Me
ANYONE FORTUNATE ENOUGH TO VISIT THE FOUR CORNERS REGION (COLORADO, ARIZONA, NEW MEXICO AND UTAH) OF THE SOUTHWESTERN UNITED STATES CAN ATTEST TO THE PHYSICAL BEAUTY OF THE AREA'S LANDSCAPE. Scenic . . .

Emergency Economic Stabilization Act signed into law.(IN SESSION)
IN EARLY OCTOBER 2008, Congress acted quickly to pass legislation in an effort to repair the U.S. economy. The Senate amended the "Emergency Economic Stabilization Act of 2008" bill and passed it by . . .

State budget conditions continue to slip.(IN SESSION)(Brief article)
In many states across the country, the finances of state governments are worsening. State revenues have been much lower than many states expected. While state officials expected revenue growth to sl . . .

Credit crisis keeps commercial property deals on hold.(IN SESSION)
Although the current economic crisis hinges largely on problems in the housing sector, nearly all financing has felt the crunch. Further consolidation in the financial markets due to bank failures a . . .

Considering community associations: IREM member shares his strategies on evaluating whether to take on management of these prope
As is common for many of us well established in the real estate management business today, we entered the field by happenstance or because an opportunity came our way. THIRTY-FIVE YEARS AGO, I WAS . . .

Sound maintenance strategies for asset preservation: IREM member shares her company's insights.
THE GOAL OF GOOD MAINTENANCE IS TO MINIMIZE THE IMPACT OF AGING OF BUILDINGS AND EQUIPMENT ON THE BOTTOM LINE, AND TO PROVIDE THE MOST EFFECTIVE USE OF THE PROPERTY AT THE LOWEST COST CONSISTENT WIT . . .

Navigating through turbulent times: seasoned CPM[R] members see silver lining in stressed economy.(Certified Property Managers)
THE CURRENT DOWNTURN HAS NOT TAKEN IREM CERTIFIED PROPERTY MANAGERS (CPMs) BY SURPRISE. THEY KNOW THAT REAL ESTATE DECLINES ARE CYCLICAL. WHILE ECONOMISTS PREDICT A CONTINUING ECONOMIC DOWNTURN, EXP . . .

Charting new terrain: how foreclosures & the mortgage crisis are transforming the rental market.
HOME FORECLOSURE FILINGS CONTINUE TO INCREASE AT UNPRECEDENTED RATES--AS OF SEPTEMBER 2008, ONE IN EVERY 475 HOUSING UNITS RECEIVED A FORECLOSURE FILING, ACCORDING TO REALTYTRAC. WITH THE MORTGAGE A . . .

Ethics boards active at IREM 2008 fall meetings.(Institute of Real Estate Management)(Brief article)
THE BOARD OF ETHICAL INQUIRY reviewed two new complaints. The complainant in the first case was seeking to recover charges for mediation requested by the respondent, an AMO [R] firm that managed com . . .

Landing the deals.(Divaris Real Estate Inc. and C.B. Richard Ellis's business transactions)(Brief article)
Divaris Real Estate, Inc. in Virginia Beach, Va., which comprises Divaris Management Corp., AMO made the following business transactions: * It leased 5,903 square feet of office space to Professio . . .

On the road.(Institute of Real Estate Management)(Brief article)(Calendar)
JANUARY 22 Tulsa Chapter No. 10 Location: Tulsa, Okla. Visiting Officer: Ron Goss, Secretary/Treasurer FEBRUARY 11 Austin Chapter No. 61 Location: Austin, Texas Visiting Officer: Lori . . .

2009 IREM leaders.(Institute of Real Estate Management)(List)
NEW IREM LEADERS TAKE THE HELM At the IREM 2008 fall business and governance meetings in Chicago, new officers and regional vice presidents were installed. They will spend the next year serving and . . .

Become an IREM[R] ambassador.(Institute of Real Estate Management)(Brief article)
VOLUNTEER TO BE A SPEAKING AMBASSADOR FOR IREM AND ENJOY A GRATIFYING PROFESSIONAL EXPERIENCE. AS AN AMBASSADOR YOU WILL SERVE ON HIGH-VISIBILITY SPEECH AND PANEL PLATFORMS, and appear before groups . . .

Know your IREM code of Professional Ethics article 5: relations with other members of the profession.(Institute of Real Estate M
EARLY IN MY CAREER, I WAS GIVEN EXCELLENT ADVICE BY THE OWNER OF A REAL ESTATE FIRM. SHE TOLD ME "DON'T BURN ANY BRIDGES AS YOU NEVER KNOW WHEN YOU MAY NEED THAT PERSON DOWN THE ROAD." This cliche . . .

Course listings.(Institute of Real Estate Management's seminars)(Table)
JANUARY ASM603 January 15-16 Pittsburgh FIN402 January 21-22 Milwaukee ETH800 January 22 Minneapolis ASM603 January 26-27 Indianapolis MNT402 Janua . . .

Corrections.(Correction notice)
CORRECTIONS * On page 47 of the Nov/Dec 2008 article, "Revitalizing Vintage Buildings," Toni Harris was not credited with her ARM and CPM Candidate credentials. On that same page, the photo is misid . . .

Michele Velez.(Brief article)
MICHELE VELEZ, ASSOCIATE MEMBER, was recently appointed senior property manager for Taymil Partners in West Haven, Conn. Velez will oversee all aspects of six small properties in Connecticut. [ILL . . .

Ken Fong.(CAREER MOVES)(Brief article)
KEN FONG, CPM[R], general partner of Fong and Associates in Las Vegas, has been appointed to the Board of Directors of Nevada Pacific Bank. Nevada Pacific Bank is one of only two banks in the United . . .

Tobias Rivera.(CAREER MOVES)(Brief article)
TOBIAS RIVERA, CPM, has been named regional manager of Pacific West Management in northern California. Rivera has more than 20 years of property management experience. [ILLUSTRATION OMITTED] . . .

To earn the accredited management organization[R](AMO) designation from IREM, a company must demonstrate a high level of perform
DALE NUSBAUM, CPM EMERITUS, IS PRESIDENT OF MCLENNAN PROPERTY MANAGEMENT COMPANY, AMO, IN PARK RIDGE, ILL., WHICH MANAGES COMMERCIAL, INDUSTRIAL AND RESIDENTIAL PROPERTIES, INCLUDING HOMEOWNER ASSOC . . .

IREM leaders discuss real estate practices on an international stage.(Institute of Real Estate Management)
The financial crisis resulting from the subprime meltdown and its impact on the real estate management industry was the key topic of discussion this fall when IREM leaders participated in events in . . .

IREM around the world.(Institute of Real Estate Management)(Conference news)
IREM's Fall Business and Governance Meeting and Success Series 2008 attracted 80 international delegates from 11 countries to Chicago in October 2008. In addition to participating in regularly sched . . .

JPM articles translated for international members.(Journal of Property Management )
IREM translates one article from each issue of Journal of Property Management into multiple languages to serve our members throughout the world. You can find the translations of the article "Managin . . .

Foundation salutes scholarship recipients who have earned IREM credentials.(FOUNDATION NEWS)
DUE TO THE GENEROSITY OF IREM MEMBERS OVER THE YEARS, THE IREM FOUNDATION HAS BEEN ABLE TO ASSIST 122 SCHOLARSHIP RECIPIENTS WITH THEIR PROFESSIONAL DEVELOPMENT IN REAL ESTATE. Through the fall of 2 . . .

Taking out the electronic trash; IREM member divulges methods for disposing of e-waste.
IN A RECENT CONVERSATION WITH SOME PROPERTY MANAGEMENT PROFESSIONALS, ONE PERSON ASKED, "WHAT IS E-WASTE AND HOW DOES YOUR COMPANY HANDLE IT?" I had an answer ready as my company has recently begu . . .

Pledge of allegiance.(e-cycling practices )(Brief article)
Vendors who have committed to standards that assure a high level of social and environmentally responsible e-cycling practices can by identified by their signature on the Electronic Recycler's Pledg . . .

Soup to nuts.(www.techsoup.org)(Brief article)
An important value in using a qualified "refurbisher" is that they will clean the hard drive and clear the computer of all personnel and proprietary information. A good source for help and support i . . .

Shower savings made simple.(Cleveland Faucet Group's new showerhead)(Brief article)
SHOWER SAVINGS MADE SIMPLE The Cleveland Faucet Group (CFG) has introduced a new water saving showerhead, designed specifically for the multifamily market. The showerhead flows at a rate of 1.75 gal . . .

On the right track.(NEW PRODUCTS)(Brief article)
ON THE RIGHT TRACK HandyTrac Key Control has released the latest version of its HandyTrac Online System--Generation 10. The new Gen 10 system is network based and does not require a dedicated phone . . .

Clean machine.(Hydro Systems' ICS 8900 Mobile Cleaning Unit )(Brief article)
CLEAN MACHINE Hydro Systems' ICS 8900 Mobile Cleaning Unit is a self-contained portable system that offers touch-free cleaning and a reduction in energy consumption. The unit has a unique low-flow d . . .

Pole position.(NEW PRODUCTS)
POLE POSITION The Tiger Pole by Advent Product Development is a specially designed wallpaper scoring tool with replaceable scoring wheels and an attachment that allows users to connect the unit to a . . .

Fanning the flames: unbelievable or outrageous true stories about everyday experiences in property management.(CAN YOU TOP THIS?
One of the more memorable resident situations I remember happened in the fall a few years ago. My maintenance supervisor received a call from a resident stating that his apartment had a small fire. . . .

Milestones and memories.(fromthetop)
This year has been a historic one--not only for the Institute, but also for our industry and the world in which we live. Together, we celebrated a milestone anniversary for IREM--highlighting 75 yea . . .

Final regulations for LIHTC utility allowance released.(insession)(low-income housing tax credit)(Brief article)
The IRS released final regulations that amend the utility allowances regulations concerning the low-income housing tax credit (LIHTC) to provide new options for estimating tenant utility costs. The . . .

New federal law sets standard for Pool and spa Safety.(insession)(Virginia Graeme Baker Pool and Safety Act)(Brief article)
Apartment and condominium managers and owners will soon be affected by a law that creates a new federal standard for swimming pool and drain covers. The recently signed Virginia Graeme Baker Pool an . . .

Regional and state standards reduce greenhouse gas emissions.(insession)
Scientists believe climate change is a result of greenhouse gases, which trap heat in the atmosphere. Some greenhouse gases, such as carbon dioxide, occur naturally and are emitted to the atmosphere . . .

Housing and Economic Recovery Act signed into law.(insession)(Brief article)
The "Housing and Economic Recovery Act of 2008," H.R. 3221, was signed into law by President Bush on July 26. The law has three provisions of interest to commercial real estate professionals. Firs . . .