Richard Muhlebach, CRE, CPM, is president of TRF Management Corporation, Bellevue, Washington. Mr. Muhlebach has over 27 years of experience in managing, leasing, developing, and rehabbing commercial and residential buildings. He has authored nine books and more than 70 articles on real estate. Mr. Muhlebach serves as the 1998 president of the Institute of Real Estate Management (IREM).