Savvy real estate owners and investors desire well-run properties with reduced risk and greater potential value. In a competitive market and especially in a flat or depressed economy, professional property management can make the difference in profitability and long-term value. Knowing what sets apart one property manager, or management company, from another is critical for anyone investing capital in real estate assets.
On Dec. 9 at the Hyatt Regency La Jolla Aventine, the 23rd Annual Institute of Real Estate Management (IREM) Economic Forecast Breakfast, “The New Economics of Real Estate: Do They Work For San Diego?” will again bring together a distinguished cross section of the real estate industry to explore market dynamics and current economic conditions. Sponsored by Cassidy Turley Commercial Real Estate Services and organized by IREM San Diego Chapter #18, event planners expect a sellout crowd at close to 500 guests ranging from property managers to asset managers and commercial lenders to real estate brokers.
Thanks to approval by the Department of Housing and Urban Development of its course on Sustainable Real Estate Management, the Institute of Real Estate Management (IREM) has become a HUD-approved training provider. The IREM course fulfills core training requirements for green property management as part of HUD’s Mark to Market Green Initiative and its Green Retrofit Program.
In a recent article in GlobeSt.com that focused on IREM’s global expansion, IREM Past President Bob Toothaker, CPM, noted that “as properties lose value around the world, IREM is reminding owners that professional care of buildings will make a strong difference in what sells and what doesn’t in today’s down economy.” The article goes on to point out that IREM has been enjoying successful growth internationally -- with IREM members now in nearly 30 countries -- as companies in emerging countries and elsewhere realize the need for effective, professional property management.