President's Message

Dear Members,

Having just returned from Ire’s Leadership Training Conference inHouston, I continue to be inspired and encouraged about what we can accomplish as a group of industry professionals who come together for the benefit of our professional careers. As an added bonus, we make many friends along the way both personally and professionally. I have to say that serving as your president this past year has certainly been a professional highlight for me, and I look forward to supporting Pedro Vermales, your incoming president, as well as the chapter as we begin thinking about and discussing our plans for the coming year.

Each of you should have already received a personal invitation from Pedro to participate in the upcoming annual planning session that is scheduled for the afternoon of Friday, September 29th. I would like to encourage each of you to attend this session to share your perspectives, thoughts, interests and ideas, which will shape the direction of our chapter's goals and plans for the coming year. All members and FRIENDS are welcome to attend! Our outgoing and incoming leadership teams will be there along with other interested members. Pedro tells me that he will present ideas that will enable other members to get involved on more of a project basis rather than committing to an ongoing responsibility associated with a committee throughout the year.

I hope that you will be able to attend this casual meeting, where we can exchange thoughts and ideas. We need to hear from you to learn what we can do to make our chapter more meaningful and valuable to you as a member! Pedro has graciously invited us to his house for lunch beforehand, and maybe if we ask, he will offer us cocktails afterwards! If you can join us, please let Meridythe or Pedro know, so they can plan accordingly. I hope to see you there!

Enthusiastically,
Ann Reisch
Chapter President 

 Condo Conversion Reverts

The once skyrocketing price appreciation for housing has waned, and with that transition, the condo-conversion market has slowed.

Developers who once considered converting rental apartments to condos are reverting the spaces back to apartment rentals. Michael Cohen, a research strategist at Property & Portfolio Research, Inc., aBostonreal estate analysis firm, refers to the reversions as "repartments".

While conversions still far outnumber reversions, a trend is developing as condos aren't selling as fast and developers attempt to recover some of their investment.

With more rental apartments coming back on the market, higher rental rates might subside.

JPM September/October 2006.

For more articles like the one above, please visit the JPM link at: www.irem.org.

 Featured Job Listing

Position: Property Manager
Company: Gaedeke Group
Contact: Cynthia Frank
Address: 515 N. Flagler
West Palm Beach,FL33401

Property Manager wanted for a prestigious high-rise, class-A office building in downtownMiami. Successful candidates must have previous commercial building experience, strong supervisory experience, be self-motivated, detail oriented, and have a take-charge attitude. 3-5 years of experience and knowledge ofYardi,MSWord and Excel is required. Bilingualism is helpful. Send resume to: cfrank@gaedeke.com.

Bachelor's degree required. Preference will be given to applicants with CPM or RPA designation. Must possess a Florida Real Estate License or attain one within nine months of employment. Please apply online at: www.highwoods.com. EEO/AA Employer.

Apply for this job

Don't forget that the chapter hosts a Jobs Available section on our Web site at the following link.

 Featured Friend

The Budd Group, Inc. – Security, Landscaping & Janitorial – Facility Services Provider

It is my pleasure to introduce you to The Budd Group, Inc. Founded over 40 years ago, The Budd Group (www.buddgroup.com) is a family-owned corporation with regional offices located in Raleigh-Durham, Winston-Salem (corporate headquarters), Greensboro, Greenville, and Charlotte, NC, Greenville and Spartanburg, SC, and Orlando and Tampa, FL. Today, we provide a complete service package to our customers, which includes but is not limited to, janitorial, security, and landscape maintenance services. Additionally, we have a comprehensive Janitorial Supply Distribution Division complete with an online store.

Locally, The Budd Group offers an experienced management and administrative staff who are committed to providing the most professional facility services possible. Our Security Division offers unarmed security officer services. The Janitorial Division offers contract cleaning, floor work and window washing services, and the Landscaping Division offers full-service commercial lawn maintenance as well as professional licensed irrigation, pest control, and new construction installation services. Some of our local references include Highwoods Properties, Crescent Resources,University of CentralFlorida, Parkway Realty, and CB Richard Ellis.

We would appreciate the opportunity to help with any facility needs you may have. We look at all of our customers as partners and treat their facilities as if they were our own. Thank you in advance for an opportunity to earn your business.

For more information about our line of services, give us a call at: 407-823-8188.

 IREM Friends List

 Calendar of Events

 Congratulations Maritza!

We are pleased to announce that Maritza Burgos is our scholarship recipient for 2006. The award entitles her to take the course “Successful Site Management” RES201 free of charge. The regular price for the course is $645.

She is the Property Manager of Stonemill Run Apartments inOrlando. She is new to our industry. Her experience includes managing single home residential properties, and she has 10 years as the Collections Manager at the Wyndham Condado Plaza Hotel & Casino. Maritza met all the scholarship requirements set by the Executive Committee and is looking forward to starting her IREM education.

Please join us in congratulating Maritza on her award and in wishing her continued success.

 Quotables

"The secret of business is to know something that nobody else knows."

- Aristotle Onassis, businessman  

 Upcoming Education

• RES 201 -Miami10/2 - 10/7 (Dual offerings in English or Spanish)
• Ethics -Tampa10/19
• Capstone Track -Orlando11/6 - 11/9

Please register now by calling 800-837-0706 to reserve your seat if you would like to attend any of these classes!

 Insurance Crisis

As many of you know, insurance premiums have been skyrocketing, and that's the good news. The bad news is that it's only skyrocketing if you can even get coverage.

For the past several years, IREM has been lobbying inWashingtonto create a federal backstop (reinsurance, of sorts) to stem losses of insurance companies in the event of a natural catastrophe. Hopefully, this would ease the insurance crisis. To gather testimonials on what has happened, we'd like our members to tell their stories on a newly created section in IREMFirst. Please go to: http://www.irem.org/iremfirst/best-practices.cfm and click on "insurance". You will need to login as a member, as these postings need to stay free of advertising, etc.

 Join IREM

Become an Associate Member!

If you are a real estate professional, explore IREM's Associate Membership Program! Join IREM and take advantage of numerous member benefits, including discounts on courses, publications, and other invaluable resources. For more information please visit the following link.

 Bring a Friend

We strongly encourage when attending an IREM meeting to bring a friend. It can be an old member or a new member. New member orientations will be held 30 minutes before scheduled meetings. Look forward to seeing new faces! Lets continue in helping to spread the word on IREM!

 Accepting Nominations

Each year our chapter likes to recognize individuals and firms who have made outstanding contributions to our chapter and our profession. The nominating committee is currently accepting nominations for the following awards: CPM of the Year, CPM Candidate of the Year, ARM of the Year, Associate of the Year, and AMO of the Year.

Examples of outstanding contributions may include activities such as: promoting IREM and its designations to the business community and/or other associations and organizations, adhering to the Code of Professional Ethics, supporting the experience exchange program by submitting reports for buildings under management while encouraging other managers to do the same, contributing to the Journal of Property Management, promoting and being involved in chapter activities, regularly attending chapter meetings, working on committees, encouraging candidates to continue their education, serving on building boards, zoning commissions or housing authorities, and more.

If you would like to nominate one of our members for an award (yes, it’s OK to nominate yourself), please submit the person's name and reasons why they deserve an award to either Ann Reisch orMeridythe Kanagaby the end of September for consideration.

 Important Links

IREM,Central FloridaChapter #60, Important Links:

 Just Some IREM Facts…

• 8,671 CPMs
• 2,289 Candidates
• 3,763 ARMs
• 1,764 Associate Members
• 532 AMO Headquarters
• 606 AMO Branches
• 89 Chapters: 81U.S.and 8 International

 Membership Numbers

CPM
CPM Candidates/Pending
ARM
AMO HQ
AMO Branch
Associates
Friends
Students
TOTALS

12/1/05
116
37
41
6
16
33
10
2
261

9/1/06
113
54
45
6
17
40
9
1
285

 IREM Newsletter Information

Published by IREM Chapter 60 Newsletter Committee
Monica Perez, Chairperson

Administrative Office
IREM Chapter 60
2755 Border Lake Road, Suite 101
Apopka,FL32703-4885
Attn:Meridythe Kanaga, CPM, LCAM

admin@irem-centralfl.org

Tel:  407.862.2292, ext. 1004
Fax: 407.862.1819

©2006 IREM Chapter 60.
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