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Journal of Property Management

Do you need professional liability insurance?

Do you need professional liability insurance? Feeney, John Until recently, the liability concerns of property managers were focused primarily on injuries at the property. Professional liability concerns were relatively minor, with only a few disgruntled tenants or dissatisfied owners to contend with. But for several reasons, this environment has begun to change: * Commercial property […]

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Journal of Property Management

Property managers with foreign investor clients (what you should know)

Property managers with foreign investor clients (what you should know) Mullin, Kevin J Unless a tax treaty exists between the U.S. and a specific country, foreign owners, including estates, corporations, nonresident aliens, and partnerships, pay a flat 30 percent withholding tax on the rents produced by their U.S. real estate investments. This tax applies unless […]

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Journal of Property Management

More loan volume expected despite tight credit conditions

More loan volume expected despite tight credit conditions The most recent Bridger Semi-Annual Survey of Lender’s Commercial Real Estate Perspectives revealed despite tighter credit conditions, banks continue to steadily supply financing for commercial properties. Survey participants included 150 senior loan officers at 119 different banks nationwide. More than 85 percent of respondents expected their current […]

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Journal of Property Management

Where Were You When the Lights Went Out?

Where Were You When the Lights Went Out? Charron, Mark P Last summer’s blackout was a lesson managers should be prepared for power failures Many New Yorkers know exactly where they were on August 14, 2003 when the entire city was plunged into darkness due to a massive power outage that impacted millions of people […]