IYP 2nd Annual Speed Mentoring Event


Mark you calendars for the IYP 2nd Annual Speed Mentoring Event sponsored by Kirby Electric on September 21st at 6PM. This is your unique opportunity to interact with the top property management professionals in the industry including the 2011 IREM National President, Ron Goss, CPM. This event will bring together students, young professionals and those interested in becoming a part of the property management industry with those who have in-depth knowledge and expertise working in the field. Space is very limited, register today to be apart of this exclusive opportunity!

Coast Real Estate, AMO(r), Housing Hope Partner for Property management Program at EvCC


EVERETT, WA – Sixteen low-income students will graduate July 28 from a two-quarter property management program created by Housing Hope, Coast Real Estate and Everett Community College.

“This program was created to provide high-quality training that we hope will lead to jobs for students who have struggled to find work,” said Coast Real Estate Services president Shawn Hoban, whose company provided instructors for the program. “Local properties benefit through the availability of skilled, trained future employees.”

The program prepares students to work as leasing agents, on-site managers and maintenance personnel for apartments and commercial buildings and includes a 200-hour internship. Five students have already been hired by the companies they’re interning with.

Student Twila Epler, 26, of Everett said she had a tough time holding down a job before the program.

“Without the skills or any special trade, I wasn’t getting anywhere in life. Now, I feel like I’m going to get somewhere – I’ve got something that I am good at,” she said.

“This program is a huge value to all of the students who get the opportunity to go through it and learn the industry, but it’s a huge value to the industry. Many people who get into property management don’t have all of this training,” Epler said.

Epler is interning with Brierwood Manor, a 156-apartment property in south Everett, learning how to work as a leasing agent.

“She’s wonderful,” said Brierwood Manor manager Rebecca Collins. “She’s rented eight to 10 apartments and even improved our advertising.”

The property management program was created in partnership with Housing Hope, which provides affordable housing and helps families become self-sufficient.

“For years we at Housing Hope have sought avenues to help homeless families improve their incomes. We have programs at our residential facilities which create family stability and develop basic skills. This property management program is a powerful new partnership that builds on our program to help families gain knowledge and specialized skills for meaningful work and wage progression opportunities”, said Ed Petersen, Executive Director for Housing Hope.

The program is a good example of how Everett Community College can work closely with local employers to train students for the workforce, said EvCC President David Beyer.

Everett Community College is proud to be part of a partnership that trains students for jobs in our community,” Beyer said.

For more information about the property management program, contact Melissa Helmenstine EvCC Director of New Initiatives at 425-388-9072 or mhelmenstine@everettcc.edu

About Coast Real Estate Services:  Coast Real Estate Services, AMO(r) is a diversified real estate management company. Their services include property and asset management service for office, retail, medical/office, multi-family and other properties throughout the northwest United States. Clients include institutional and private investors along with public and non-profit organizations.  Established in 1987, Coast has been an active community supporter through its network of over 400 properties and 450 employees.  Coast also offers real estate advisory, brokerage and investment services.

About Housing Hope: Founded in 1987, Housing Hope operates 17 multifamily facilities in Snohomish Countyfocused on homeless and low-income households. One hundred twenty apartments at scattered locations are wrapped with specialized services for homeless families with children. Service programs include life skills training, job readiness, child development and childcare. For more information visit www.housinghope.org.

About Everett Community College: Founded in 1941, EvCC serves more than 20,000 students every year who are preparing to transfer to four-year schools, earning certificates, experiencing hands-on learning in professional and technical programs, learning English, developing basic skills, getting ready for a promotion or taking a class for fun. For more information or to get started, visit www.everettcc.edu.

IREM Current Trends 2010 :: All Clockhours in One Setting! :: Sept 15 & 16

RENTON TECHNICAL COLLEGE
will host the
IREM Current Trends 2010
September 15 & 16
8AM to 4PM
Each year, IREM 27 offers this one University of Real Estate Education offering to fulfill all of your educational requirements, providing 15 clockhours over 2 days. 

Join us in a new location at RENTON TECHNICAL COLLEGE on September 15 & 16.

Presenters include: Attorney General Rob McKenna; Glen Bachman, CPM; Debie Mullins; Barry Blanton, CPM; Matthew Gardner; Randy Daniels; Stan Harrelson, CPM; Beth Van Moppes; Scott Weaver and Sean Durbin; Marliee Combs; and Monica Wallace.

Register here or print the form below and fax to the IREM 27 office.




Please note that the WA RE Transition Course will not be offered in this setting, but is offered by IREM on a regular basis.  Register here for the Aug 25, WA RE Transition Course class.

Ethics for the Real Estate Manager :: Sept 10

The cornerstone of the Institute of Real Estate Management is Ethics and this class guides you through the core ethical values of IREM.  A required class for the CPM certification and valuable to anyone in the industry, the class will benefit you by equipping you to conduct business using the highest standards of integrity and professionalism and resolve conflicts efficiently and ethically.

5 WA State Clockhours!

September 10, 2010
8AM to 5PM
IREM Office Training Room
Taught by Cathy Munson, CPM, CCIM

Register here or print the form below and fax to the IREM 27 office.

RE License Transition Course :: Aug 25 :: REQUIRED CLOCKHOURS

This class fills up quickly so register ASAP! Every licensee who obtained a license before July 1, 2010 must complete this class.

IREM 27 is proud to present the second of it's RE License Transition Course offerings.  Jeff Coop, J.D. of Stokes Lawrence, P.S. law firm in Seattle, will present.

August 25, 2010 
9:00AM to 12:00PM
IREM(r) Office Traning Room - Kirkland, WA

Register here or print the flyer below and fax it to the IREM 27 office.

ARM Event :: Don't Let the Bed Bugs Bite :: August 18th

The ARM(r) Committee and Sprague will host bed bug training for the Property Management Industry on Wednesday, August 18th, 2010, at the Embassy Suites Lynnwood from 6 to 8:30 PM.  Senior Resident Services Manager for King County Housing Authority, Ruben Rivera-Jackman, will speak on this relevant topic.

Bed bugs have become a huge problem for our residents, managers and our budgets.  Come, connect with others in the industry in a happy hour style setting and learn how to deal with this rising epidemic.

Register here or print the form below and fax to the IREM office.

Annual Membership Business Meeting :: Sept 21

On Tuesday, Sept 21, 2010, at the Seattle Yacht Club, IREM 27 will host the IREM 2011 National President Ron Goss, CPM(r).

In addition to Mr. Goss keynoting the event, he will also swear in three new CPM(r) members as well as present three members with their 35th IREM Member Anniversary Pins.

Register here or print the flyer below and fax to the IREM office.

Successful Site Management (RES201)

July 22-24 & 29-31, 2010

Learn the key components of residential management in this intensive week-long course designed to help those new to the industry see “the big picture.” Course participants gain the knowledge they need to successfully complete their ARM certification exam and manage profitable residential assets. More experienced participants working toward certification will also benefit from the opportunity to review those concepts used daily in their work and hone skills that can advance their career.
 
Course curriculum includes:
Human resource management
Property accounting and budgeting
Legal issues and risk-management strategies
On-site maintenance management
Professional ethics
includes ARM certification exam –
 
Tuition: $730 Non-Member/$645 Classic Member/$555 Premier Member
Times: Registration 7:30AM, Class 8AM – 5PM
Location: Kirkland, WA
Instructor: Vickie Gaskill, CPM(r), ARM(R)

Register Here!!!

May 25th Luncheon Flyer

Todd Katler, Senior Vice President of Sales and Marketing for BRE Properties presents.
 
The session will help owners learn how to avoid the mistakes made in calculating cost per lead and cost per lease, drive traffic and come away with new tools in evaluating your advertising in an accurate and consistent fashion.  It will also show some of the misconceptions in using internal data.

Todd Katler joined BRE Properties, Inc. as senior vice president, sales and marketing, in February 2010. He is responsible for sales management, enterprise-wide and community-level marketing programs, and the company’s centralized customer service center.

Katler’s career in the apartment industry spans nearly 15 years. He is an expert in many facets of the industry, especially in the areas of sales operations and marketing, as well as the issues facing multifamily owners, managers and developers.

Formerly, Katler was the vice president of business development for LevelOne, the industry’s first and most widely used centralized leasing office. Prior to Level One, he was the director of sales at Rent.com (an eBay company), where he managed the relationships between the company and owners of more than 23,000 properties in every major U.S. apartment market.

Katler is a former board member of the California Apartment Association and National Apartment Association, and the former chairman of National Suppliers Council. He is frequent speaker on sales and marketing topics at major multifamily industry conferences, including the National Multi-Housing Council (NMHC) Technology Conference and the National Apartment Association (NAA) Education Conference.

DATE:   Tuesday, May 25th, 2010
PLACE:  Seattle Yacht Club
TIME:    11:30 AM to 1:00 PM
 
 

IYP - Mini Golf @ Interbay Golf Center Flyer

May Luncheon :: Todd Katler :: Prospect Management

The session will help owners learn how to avoid the mistakes made in calculating cost per lead and cost per lease, drive traffic and come away with new tools in evaluating your advertising in an accurate and consistent fashion.  It will also show some of the misconceptions in using internal data.

Todd Katler joined BRE Properties, Inc. as senior vice president, sales and marketing, in February 2010. He is responsible for sales management, enterprise-wide and community-level marketing programs, and the company’s centralized customer service center.

Katler’s career in the apartment industry spans nearly 15 years. He is an expert in many facets of the industry, especially in the areas of sales operations and marketing, as well as the issues facing multifamily owners, managers and developers.

Formerly, Katler was the vice president of business development for LevelOne, the industry’s first and most widely used centralized leasing office. Prior to Level One, he was the director of sales at Rent.com (an eBay company), where he managed the relationships between the company and owners of more than 23,000 properties in every major U.S. apartment market.

Katler is a former board member of the California Apartment Association and National Apartment Association, and the former chairman of National Suppliers Council. He is frequent speaker on sales and marketing topics at major multifamily industry conferences, including the National Multi-Housing Council (NMHC) Technology Conference and the National Apartment Association (NAA) Education Conference.

DATE:   Tuesday, May 25th, 2010
PLACE:  Seattle Yacht Club
TIME:    11:30 AM to 1:00 PM

Income/Expense Deadline Extended

THE DEADLINE TO SUBMIT YOUR DATA HAS BEEN EXTENDED!

So there’s still time! Submit by May 14th and receive:
- A FREE copy of an Income/Expense Analysis Report and
- A FREE Individual Building Report
That’s a $420 value!

Exclusively offered by IREM, the Income/Expense Analysis® Reports are essential tools that help you take your properties in the right direction. From operating ratios to vacancy rates, these reports will give you the comparative data you need.

Contribute to IREM’s Income/Expense® Program and get one free 2010 Income/Expense® Analysis report, plus an individual building report!

Books are published annually for the following property types:
·         conventional apartments
·         federally assisted apartments
·         office buildings
·         condominiums, cooperatives and planned unit developments
·         shopping centers

Don’t Forget!
All IREM Members receive 50% off the reports and CPM Members receive one complimentary report per year.

Visit the new Web site - it’s easier than ever!
Go to http://ie.irem.org to make your submission online today!

Don’t miss out on this great opportunity and submit your income and expense data soon! If you have any questions, please feel free to contact me at (206) 270-6503 or mcrabtree@legacypartners.com.

 

Sponsorship Opportunities

The ARM committee will be hosting its first event of the year on Thursday May 20th at the Twilight Martini Bar in Seattle and we are in need of sponsorship! Event sponsorship is limited and exclusive to category. Please review the sponsorship opportunities below and list of future ARM events. Please contact Nikki Anderson at nicoletteolivia@gmail.com or 206-445-5051 to lock in your sponsorship. Do not miss this opportunity to promote your company!
ARM Event Calendar
May 20th - ARM "Spring Fling Mixer" Twilight Martini Bar
August 18th Bed Bug Preparedness (location tbd Northend)
November (date & location TBD) Annual Property Management Panel Discussion
Exclusive Event Sponsorship $600
♦ Exclusive sponsorship of event
♦ Logo on all promotional materials for sponsored event (includes flyer, newsletter listings, email blasts, drink tickets)
♦ Four (4) complimentary registrations at the event.
♦ Table set up with informational materials about your company (provided by sponsor)
♦ 2-3 minutes to speak in front of event attendees


Event Sponsorship $300 (limited to two sponsorships per event, exclusive category)
♦ Logo on all promotional materials for sponsored event (includes flyer, newsletter listings, email blasts, drink tickets)
♦ Two (2) complimentary registrations to sponsored event
♦ Business cards, promotional items and/or flyers available for distribution.
♦ 1 minute to speak in front of event attendees


Raffle Item Donation ($25.00 minimum)
♦ Company name mentioned and thanked at event.

Mini Golf @ Interbay Golf Center


Join IREM Young Professionals for a game of mini golf and a BBQ!

WHEN: Thursday, June 24, 2010 | 4:30P - 7:30p
WHERE: Interbay Golf Center
COST: $30 (+$5 at the door)
    Includes mini golf, BBQ & 1 drink ticket
    First 15 registrants get a 2nd drink ticket!

REGISTER HERE NOW!

As Recession Ebbs, Many Still See Gloom

THROUGH recession after recession over the last four decades, Americans remained more optimistic than pessimistic about their own futures, even when they grew very worried about the overall economy.

Selig Wins Big in Downtown Office Moves

From Seattletimes.com: Seattle biotech Dendreon, fresh off winning regulatory approval for its cancer therapy, confirmed it's moving its headquarters and other local operations to a brand-new, bigger building.

Seattle-area industrial outlook improves a tad

The Seattle area’s industrial real estate market showed a bit of an improvement in the first quarter compared with the last quarter of 2009, according to a real estate firm.
Read more: Seattle-area industrial outlook improves a tad - Puget Sound Business Journal (Seattle):

ARM® Spring Fling Mixer at Twilight Martini Bar

Don't miss the first ARM event of the Season! Registration includes 2 drink tickets & light appetizers

WHEN: Thursday, May 20th | 7:30P - 9P
WHERE: Twilight Martini Bar
COST: $25 Members | $30 Non-Members & At the door

REGISTER HERE NOW!

ARM® Event Calendar

May 20th - ARM "Spring Fling Mixer" Twilight Martini Bar
August 18th  - Bed Bug Preparedness (location tbd Northend)
November (date & location TBD) - Annual Property Management Panel Discussion

RES 201 Class

IREM boasts the most comprehensive residential management training classes in the industry.  This year's class is being rescheduled to give more managers opportunity to register and become Accredited Residential Managers.  Watch for a new date and time.

25th Annual Forecast Breakfast

Early Bird Registrations will be coming out soon, so stay tuned! This year promises to be exceptional. The Forecast Breakfast Committee includes the following talented IREM members:

Nikki Anderson, CPM - Council Liaison
Chasten Fulbright, CPM - Committee Chair
Greg Eastman, CPM - Treasurer
Faye Crow, CPM - Vice Chair
Caleb Farnsworth, CPM - Secretary
Heather Guilles, CPM - Member
Josh Obendorf, CPM - Member
Tina Gordon, Professional Partner - Member

Communications Taskforce

Increase the value of your designation by joining the Communications Taskforce!

PURPOSE: Increase the value of IREM designations by creating value in each area of Chapter communication including classes, events, luncheons, dinners, emails, mailings and special events.
HOW: Analyze current and target demographics; develop & execute communications strategy; help meet the goals of IREM.
WHO: You! Special assistance needed from those with strong analytical and/or creative backgrounds.
WHEN: Meeting dates will be determined once the group is formed.

SIGN UP NOW by Emailing Chasten Fulbright!

Phil Fehler Scholarship Golf Tournament

Please join us to raise money for the IREM Education Fund at Harbour Pointe Golf Club.

REGISTER HERE NOW!

SPONSORED BY: IREM & Apartments.com

DATE:    Thursday, July 15, 2010
PLACE:   Harbour Pointe Golf Club
TIMES:   9A       Registration and Pre-Tournament Events
            10:45A  Shotgun Start - Scramble Format
            5P        Dinner and Awards

Asset Analysis Series

The Asset Analysis Series is comprised of skill-based courses that, when taken in sequence, progressively builds your knowledge of asset analysis. You’ll work hands-on with fellow participants to explore various models of financial analysis in three applications-based courses designed to help you capitalize on your real estate assets. CPM Candidates and experienced professionals alike will find the tools they learn here indispensable to the properties and the portfolios they manage.

Asset Analysis Courses:
  • Investment Real Estate Financing and Valuation – Part One (ASM603) 13.5 Clock hrs
  • Investment Real Estate Financing and Valuation – Part Two (ASM604) 14 Clock hrs
  • Investment Real Estate Financing and Valuation – Part Three (ASM605) 8 Clock hrs

Laptop Computer Strongly Recommended.*
INSTRUCTOR: Eric Storey, CPM
LOCATION: IREM Office Training Room, Kirkland WA
WHEN: 5 days - May 17 - 21
COST: Tuition: $1,450 Premier member; $1,680 Classic Member $1,805 nonmember
Registration: REGISTER HERE NOW!

Legislative Update :: B&O Tax Exemption for On-Site Managers

In response to questions poised by Shawn Hoban, CPM of Coast Management, John McCoy, State Representative of the 38th LD responded with the following letter:

Dear Mr. Hoban,

Thank you for your email.  I appreciate your position on the issue of repealing the B&O tax exemption for on-site property managers. 

Washington State's B&O tax generally applies to all sales of services.  The tax applies to the income received both by the service provider, as well as by any subcontractor hired to perform all or part of the services on behalf of the original service provider.  The success of the B&O tax depends on this "pyramiding" application.  Therefore, exemptions from the tax are infrequent and typically narrow. RCW 82.04.394 provided a narrow exclusion from B&O for amounts received by a property management company from the owner of a property for gross wages and benefits paid to on-site personnel, and paid directly from a trust account maintained under RCW 18.85.285

While the legislature did approve SB 6143, which in part repealed the B&O exemption for on-site property managers, the bill does not affect the general agency exemption outlined in WAC 458-20-111  (Rule 111).  Taxpayers may still receive pass-through treatment for certain income, provided that all elements of Rule 111 are met.  Where the property owner (rather than the property management company) is the employer of record for on-site managers, Rule 111 may potentially still apply. 

Determining eligibility for pass-through treatment under Rule 111 is a very fact-specific process.  The Department of Revenue's Taxpayer Information and Education section can provide a written ruling on whether Rule 111 would apply in any particular situation. 

I know this doesn’t alleviate all of your concerns, but I hope it helps address some of the issues you described. 

Sincerely,
John McCoy
State Representative, 38th LD

5 Star Chapter represented in Washington D.C.

For the 5th year in a row, Chapter 27 has received IREM's highest level award for its Chapters.

Chapter 27 is being represented at the National Legislative and Leadership Conference in Washington DC by Chapter President Barry Blanton, CPM; Presdent-Elect Nikki Anderson, CPM; Vice President Glen Bachman, CPM; Executive Council Member Mayra Jacobs, ARM/CPM Candidate; Executive Director Kris Morris, IAE; and Regional Vice President John Hatton, CPM.

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