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Residentialresource the OFFICIAL MONTHLY NEWS MAGAZINE of the NATIONAL ASSOCIATION of RESIDENTIAL PROPERTY MANAGERS Do you have the What do you know about Are you a broker? entrepreneurial curling? And we’re not Then, familiarize yourself p11 spirit to succeed? p16 talking about your hair. p20 with the FIRPTA tax law. RESIDENTIALResource THE OFFICIAL MONTHLY NEWS MAGAZINE OF THE NATIONAL ASSOCIATION OF RESIDENTIAL PROPERTY MANAGERS By providing smokefree housing, property owners and managers can increase revenue, decrease costs, improve compliance with state laws, and improve your residents’ quality of life and health. SEE paGE 8. FEBRUARY 2014 ISSUE | 638 INDEPENDENCE PARKWAY, SUITE 100, CHESAPEAKE, VA 23320 USA | WWW.NARPM.ORG IN THIS ISSUE February 2014 The mission of the National Association of Residential Property Managers is to support professional and ethical practices of rental home management through networking, education, and designation. FEATURE ARTICLES p8 What’s Trending? Smokefree Multi-Unit Housing Karen Blumenfeld, Esq., Executive Director of Global Advisors on Smokefree Policy (GASP), explains how smokefree housing can increase revenue, decrease costs, improve compliance with state laws, and improve your residents’ quality of life and health. p11 How to Succeed When Others Fail Cary Efurd, MPM® RMP®, finds that mental fitness and alertness play a big role in his 10 items to consider when promoting your business and making yourself successful as an entrepreneur. 8 p16 2014 Past Presidents’ Charity Curling Event Dave Holt, MPM® RMP®, has chosen the Special Olympics as his charity this year. He asks you to join him “on the ice” for this exciting fundraising opportunity. Better start studying the curling vocabulary, so you can “rock!” p20 Brokers, Do You Know To Which Transactions FIRPTA Applies? Richard Hart, EA, CAA, President of Hart & Associates Tax Consulting and Preparation Services, a NARPM® Affiliate Member, clarifies The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), a law affecting certain real estate transactions. He explains to which transactions FIRPTA applies and how brokers should comply with it. 11 MONTHLY COLUMNS p5 President’s Message p6 From the Desk of the Executive Director p12 Technology Matters p14 Legislative Scoop p15 Designation Classes p18 Regional Communications p22 Chapter Spotlight p24 Membership Growth 16 p26 Ambassador Program February 2014 Issue | Volume 25 | Number 2 | 3 EDITORIAL MISSION OFFICERS Since 1989, the NARPM® news magazine has been a key focal point for the organization. The Stephen Foster, MPM® RMP® CCIM® John R. Bradford, III, MPM® RMP® Residential Resource keeps members up-to-date President Treasurer on association events, and provides valuable [email protected] [email protected] industry advice and insight. NARPM® members 210-340-1717 704-334-2626 receive the Residential Resource as part of their membership, included in their annual dues. Andrew Propst, MPM® RMP® CPM® James Emory Tungsvik, MPM® RMP® President-Elect Past President The Residential Resource is published monthly, [email protected] [email protected] with one combined issue for October/ 208-377-3227 253-852-3000 November. Articles can be submitted by e-mail to [email protected]. Items mailed in for REGIONAL VICE Presidents publication cannot be returned. Address changes may be forwarded to NARPM® National. The Leeann Ghiglione, MPM® RMP® Deb Newell, MPM® RMP® Communications Chair and Graphic Designer [email protected] [email protected] / [email protected] reserve the right to edit or refuse all publications 206-286-1100 952-808-9700 for content and selection. Richard Vierra, RMP® Bart Sturzl, MPM® RMP® Copyright © 2014 National Association of [email protected] [email protected] Residential Property Managers. All rights reserved. 808-293-6436 512-693-4772 Materials may not be reproduced or translated without written permission. E-mail publications@ Steve Schultz, RMP® Elizabeth Morgan, MPM® RMP® narpm.org for reprint permission. [email protected] [email protected] 520-780-7888 727-849-9400 Statements of fact and opinion are the responsibility of the authors alone and do not imply an opinion on the part of the officers, staff COMMITTEE CHAIRS or members of NARPM®. Any legal matters or advice mentioned herein should be discussed Tracey Norris, MPM® RMP® Chrysztyna Rowek Perry, MPM® RMP® with an attorney, accountant or other professional Communications Professional Development before use in a particular state or situation. [email protected] [email protected] NARPM® does not endorse any advertisement in 830-625-8065 360-698-3829 this publication. All readers are responsible for their own investigation and use of the products Kellie Tollifson, MPM® RMP® Heidi Hartman, MPM® RMP® advertised. Member Services Governmental Affairs [email protected] [email protected] The Residential Resource is designed for 425-485-1800 360-535-8104 the members of the National Association of Residential Property Managers by Organization John R. Bradford, III, MPM® RMP® James Emory Tungsvik, MPM® RMP® Management Group, Inc. in Chesapeake, Virginia. Finance Nominating (www.managegroup.com) [email protected] [email protected] 704-334-2626 253-852-3000 ® NARPM National NARPM® National 638 Independence Parkway, Suite 100 Chesapeake, VA 23320 Gail S. Phillips, CAE Alice Baldwin Longo Executive Director Member Services Director P: 800-782-3452 [email protected] [email protected] F: 866-466-2776 www.narpm.org Tiffany Jones Patricia Hartline Education Manager Communications, Graphic Designer [email protected] [email protected] An award-winning publication, the Residential Resource has won a 2009 & 2007 APEX Award Cathy Spruiell Carla Earnest, CMP of Excellence, a 2006 Gold MarCom Creative Member and Chapter Support Conferences & Conventions Coordinator Award, and a 2006 Communicator Award of [email protected] [email protected] Distinction for Print Media. Andrew Sinclair Lisa Nixon Governmental Affairs Director Advertising Sales Rep (Print/Electronic Media) [email protected] [email protected] 4 | February 2014 Issue | Volume 25 | Number 2 President’S Message “I want to tie the “Foundation” theme to our professional side and use architecture to give you an example of how one might approach their business.” Howdy NARPM®! eters, budget, and timeline. They come need, reviewing the property codes and Make sure you plan to come to the up with an agreed upon scope of work, licensing laws that affect the business, and Broker/Owner Retreat at the Bellagio in approximate cost, and time to completion. developing policy and procedures. Las Vegas this month on February 24-26, Look back in time at your business. If you During the construction documents 2014. This event is about members were to begin today, the Broker/Owner step, with the client’s approval, the archi- teaching members and is one of our most would set the number of units you want tect prepares the working drawings and popular. I hope to see you there. to manage to create the income stream specifications, and may also help with the In the January issue, I talked about the needed to satisfy the economic needs and bidding documents. The Broker/Owner “Foundation” theme for 2014. I men- existence of the business. You would also completes the business plan, completes tioned health as the main building block determine the type of management style the policy and procedures, decides on to the foundation of our lives. If you are you want to use, whether it is portfolio, an office size and layout, and obtains the curious about how what we eat affects departmental or a hybrid. required licenses. this building block, watch the documen- In the schematic design step, the archi- Lastly, during the negotiating and con- tary “Forks Over Knives” that advocates a tect explores this scope of work to come struction steps, the client chooses and low-fat, whole-food, plant-based diet as a up with spatial relationships of areas hires a contractor. The architect may be means of combating a number of diseases. needed to meet the client’s needs. They involved with the bidding process, as well It might spur you on to further study, as it look at the physical relationship of these as the agreement between the client and did me. areas to determine the most efficient the contractor. During the negotiating I want to tie the “Foundation” theme to workflow. Finally, they produce rough part, the Broker/Owner seeks to lease our professional side and use architecture drawings to help determine the appear- or purchase the office space needed to to give you an example of how one might ance of the structure. The Broker/Owner house the business. Then, you must lease approach their business. When a client would create a rough business plan that or purchase the furniture and equipment approaches an architect with the intent of would look at the number of employees needed and hire staff to operate the busi- having a building designed and built, the needed, how the business would be capi- ness. I consider the construction process method many architects use is based on a talized, and how business clients are to be to be the operation of the business, as it is process that involves six steps. These steps obtained. ever developing and changing. are as follows: Programming, Schematic Through the design development step, In conclusion, you can look at each Design, Design Development, Construc- the architect is finalizing the various room of these six steps individually and divide tion Documents, Negotiating, and Con- sizes and locations, developing specifi- Continued on page 9 “Pres Message” struction. How, you are probably asking, cations for materials and finishes, and does this apply to property management? reviewing the legal aspects of the building We may use many of these steps in via building codes. The architect then each phase of our business. coordinates development of the building During the programming step, the archi- with structural, civil and mechanical tect meets with the client and they discuss engineers. The Broker/Owner is deter- Stephen D.
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