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Why You Should Hire a CPM to Manage Your Real Estate Investments

Why You Should Hire a Certified ProPerty Manager® (CPM®) to Manage Your Real Estate Investments

You and your clients own property for one reason – as a fnancial investment.  With years of experience and comprehensive management expertise, a CPM® can enhance the value of your real estate assets and make the most of your portfolio with professionalism and integrity, knowledge of the local market and a strong reputation. Entrust your investments to the best in the business.

OFFER PROVEN EXPERTISE
Experience is one of the defning qualities of a CPM®.  About 83 percent of all CPM® professionals have over 14 years of experience with the average number of years of experience for CPM® Members being 22 years. Every CPM® must display profciency in the core areas of real estate management, meet minimum portfolio requirements, pass a rigorous certifcation exam and prepare a management plan.

COMPETE SUCCESSFULLY IN YOUR MARKET
Whether your real estate investments are in one city or across the world, a CPM® knows how to position your properties in the local markets. For insight on other real estate markets, a CPM® can tap into a network of nearly 8,400 CPM® professionals worldwide.

COMMUNICATE WITH EASE
A CPM® is a seasoned professional with solid communication skills. From one-on-one interaction with residents or tenants to boardroom meetings regarding P&L statements, a CPM® can interact skillfully with a wide array of audiences.

TROUBLESHOOT PROBLEMS EFFICIENTLY
A CPM® has the ability to resolve complex issues and unforeseen obstacles quickly and efciently. If a tenant crisis or a series of operational setbacks should suddenly arise, you can rely on a CPM® to provide immediate solutions.

OVERSEE ALL ASPECTS OF OPERATIONS
When you hire a CPM®, you hire a versatile specialist.  A CPM® is trained to handle the full range of real estate management tasks, with skills covering the fnancial, legal, social, economic and physical areas essential to property performance. Most CPM® professionals manage mixed portfolios, including all types of ofce, retail and multifamily properties.

HELP YOU MAXIMIZE RETURNS
Hiring a CPM® means that you have someone who can do more than building maintenance. CPM® professionals are trained to streamline operations and take your ROI to new levels.

PROTECT YOUR INVESTMENT
A CPM® must abide by the most stringent code of ethics in the industry, or risk losing the designation. The code is strictly enforced by IREM and requires the use of utmost care in managing your portfolio. You can trust a CPM® to manage your investments with unquestionable integrity.

COUNT ON A CPM® PROFESSIONAL TO DELIVER REAL RESULTS
Investors and employers want honesty and professional integrity, communication skills, reputation, experience, knowledge of local markets, analytical problem solving,budgeting and accounting, and marketing skills. TheCPM® delivers.

THE CPM® DESIGNATION BY THE NUMBERS
• Since 1936, CPM® members have been maximizing investment real estate for owners. The foundation of education and ethics still stands today. IREM stakes its global reputation on the performance and expertise of its CPM® Members.
• CPM® Members manage nearly $2 trillion in real estate property assets
• CPM® Members manage 11.4 million residential units and 10.4 billion square feet of commercial space in the U.S.

Why You Should Hire a Certified ProPerty Manager® (CPM®) to Manage Your Real Estate Investments
IREM® Headquarters Phone (800) 837-0706
430 North Michigan Avenue (312) 329-6000
Chicago, IL 60611-4090 Fax (800) 338-4736
www.irem.org E-mail custserv@irem.org

EXTREME HEAT

As summer approaches, it is time to consider safety precautions for extreme heat in the coming months. Heat affects all people, but especially the young, elderly, sick, and overweight. Urban area residents also have a greater chance of being affected than those who live in rural areas due to the heat island effect.

According to the EPA, “the sun can heat dry, exposed urban surfaces, such as roofs and pavement, to temperatures 50 – 90 degrees hotter than the air, while shaded or moist surfaces – often in more rural surroundings – remain close to air temperatures.” These surface heat islands are strongest during the day when the sun is shining, while the atmospheric heat islands are more likely after sunset “due to the slow release of heat from urban infrastructure.”

Weather you are in an urban or rural area, there are several things you can do to prepare for and prevent extreme heat from affecting you. If possible, stay indoors in air conditioning. Be sure to check on your pets who may be outdoors or bring them inside. Stay hydrated and limit alcohol and caffeine intake.

If you must go outside, wear loose-fitting light-colored clothing, and be sure to apply sunscreen often. Pay attention to signs of heat exhaustion, which are heavy sweating; weakness; cold, pale, and clammy skin; nausea or vomiting; and fainting, according to the Center for Disease Control and Prevention (CDC). Heat exhaustion can lead to heat stroke, which is life-threatening. Signs of heat stroke are a high body temperature (103+), rapid and strong pulse, and possible unconsciousness. If you think someone has heat stroke, call 911 immediately and move the person somewhere cool. Reduce body temperature with cool, wet cloths or a bath. Do not give a person with heat stroke fluids, and treat the situation as a serious medical emergency (CDC).

If you live in humid climate, be aware of the heat index. The heat index factors in the humidity, which can make the temperature feel 15 degrees hotter.

Extreme heat is a serious danger. Form more information on preparation and prevention, visit ready.gov or cdc.gov.

Weathering a spring storm

Natural gas service is rarely affected by storms. But if your home gets damaged, follow these safety steps:

  • Do not turn off natural gas at the meter. Meters maintain proper line pressure and prevent water from entering pipes if flooding occurs.
  • To cut off natural gas service, turn gas off at each appliance

If you smell natural gas:

  • Leave immediately on foot. Cars, light switches and phones (including mobile phones) could cause a spark.
  • When at a safe location, call 911 and your natural gas provider.
  • If you are a renter, call your landlord as well.

Season-by-Season Lawn Maintenance Calendar

Season-by-Season Lawn Maintenance Calendar

By: Douglas Trattner

Published: April 8, 2013

Tips for a barefoot-worthy lawn that’ll ensure your home has uber curb appeal.

Ahhhh, that sensation of stepping onto a freshly mowed lawn sans footwear. There’s nothing like it.

Here’s how to ensure that grassy feeling from spring to fall.

Early Spring

Like so many maintenance jobs, everything goes smoother — and you’ll get better results — with proper preparation. Early spring is the time to get ready for lawn-growing and mowing season.

Related: How to Bring Back Your Lawn After Winter Damage

Sharpen mower blades to ensure clean cuts. A dull blade tears the grass, leaving jagged edges that discolor the lawn and invite pathogens.

Sharpen mower blades once each month during grass-cutting season. Have a backup blade (about $20) so that a sharp one is always on hand.

Tune up your mower with a new sparkplug ($3 to $5) and air filter ($5 to $10). Your mower might not need a new sparkplug every season, but changing it is a simple job, and doing it every year ensures you won’t forget the last time you replaced your sparkplug.

Buy fresh gas. Gas that’s been left to sit over the winter can accumulate moisture that harms small engines. This is especially true for fuel containing ethanol, so use regular grades of gasoline.

If you need to dump old gasoline, ask your city or county for local disposal sites that take old fuel.

Clean up your lawn. Time to get out the leaf rakes and remove any twigs and leaves that have accumulated over the winter. A thick layer of wet leaves can smother a lawn if not immediately removed in early spring. Cleaning up old debris clears the way for applying fertilizer and herbicides.

Spring

Depending on your weather, your grass will now start growing in earnest, so be ready for the first cutting. Don’t mow when the grass is wet — you could spread diseases, and wet clippings clog up lawn mowers.

Fertilizing: Both spring and fall are good times to fertilize your lawn. In the northern third of the country, where winters are cold, fertilize in fall — cool weather grasses go dormant over winter and store energy in their roots for use in the spring.

For the rest of the country, apply fertilizer just as your grass begins its most active growth. For best results, closely follow the application directions on the product. You’ll spend about $50 to $75 per application for an average 1/4-acre lot.

Aeration: Aerating punches small holes in your lawn so water, fertilizers, and oxygen reach grass roots. Pick a day when the soil is damp but not soaked so the aeration machine can work efficiently.

Related: More about lawn aeration

Pre-emergent herbicides: Now is the time to apply a pre-emergent herbicide to prevent crabgrass and other weeds from taking root in your lawn. A soil thermometer is a handy helper; you can pick one up for $10 to $20. When you soil temperature reaches 58 degrees — the temperature at which crabgrass begins to germinate — it’s time to apply the herbicide.

Early Summer

Watch out for grubs: Warm weather means that grub worms, the larvae stage of June, Japanese, and other beetles, start feeding on the tender root systems of lawns. Affected lawns show browning and wilting patches.

To be certain that the culprits are grubs, pull back the sod and look for white, C-shaped grubs. If you see more than 10 per square foot, your lawn should be treated with a chemical pesticide.

Milky spore is an environmentally friendly way to control some species of grubs. When using insecticides, read and follow all label directions, and water the product into the soil immediately. Cost is around $50 to $75 per application.

Grass-cutting tip: Your grass is starting to grow fast, and you might even be cutting more than once a week to keep up. To keep grass healthy, mow often enough so you’re removing no more than 1/3 of the grass blade.

Pesky weeds: Weeds that have escaped an herbicide application should be removed with a garden fork. Use a post-emergent herbicide only if you think the situation is getting out of hand.

Check out our guide to some common types of weeds and tips on how to get rid of them.

Summer

Here’s a good mantra to guide you through the heart of grass-mowing season: The taller the grass, the deeper the roots, the fewer the weeds, and the more moisture the soil holds between watering.

With that in mind, here’s how to ensure a healthy, green lawn:

  • Set your mower blade height to 3 inches.
  • Deep and infrequent watering is better for lawns than frequent sprinkles, which promote shallow root growth. In general, lawns need about 1 inch of water per week.

Lawns that receive less than that will likely go dormant. That’s okay, the grass is still alive, but dormant lawns should still receive at least 1 inch of water per month. Your grass will green up again when the weather brings regular rains.

  • To check sprinkler output, scatter some pie tins around the yard to see how much water collects in a specific amount of time. Having a rain gauge ($5 to $20) will help you keep track of how much water the lawn receives naturally.
  • At least once each month, clean underneath your mower to prevent spreading lawn diseases.
  • Although it’s OK to leave grass clippings on the lawn where they can decompose and nourish the soil, remove large clumps. Regularly rake up any leaves, twigs, and debris.

If your grass seems to be stressed out, check out our advice on what to do if your lawn is turning brown.

Early Fall

The best time to patch bare or thin spots is when the hot, dry days of summer have given way to cooler temps. Follow these simple steps:

  • Remove any dead grass.
  • Break up the soil with a garden trowel.
  • Add an inch of compost and work it into the soil.
  • Add grass seed that’s designed for shade or full sun, depending. Spread the seed evenly across the bare patch.
  • Use a hard-tooth rake to work the seed into the soil to a depth of about half an inch.
  • Sprinkle grass clippings over the patch to help prevent the soil from drying out.
  • Water the area; you’ll want to keep the patch moist, so lightly water once a day until the seed germinates and the new grass gets about one inch tall.

Fall

Your main job in fall is to keep your lawn free of leaves and other debris. You can use a mulching mower to break up leaves and add the organic matter to your soil, but be sure to clean up any clumps so they don’t kill the grass.

In the northern one-third of the country, now is the time to fertilize your lawn. Your grass will store the nutrients in its roots as it goes dormant over the winter, and your lawn will be ready for a jump start when spring warms the ground.

This is also the time to clean up your garden.

 

Source:  National Association of Realtors