Effective Way to Maximize Profits with Parking
Reading Time: 2 minutes According to research conducted by GoCityWide, 95% of a car’s lifetime is spent being parked making a lot of landlords invest in parking spaces for their properties. Although not everyone has parking spaces, many landlords have big open spaces in their property that can be turned into one with our help. In today’s article, we…
According to research conducted by GoCityWide, 95% of a car’s lifetime is spent being parked making a lot of landlords invest in parking spaces for their properties. Although not everyone has parking spaces, many landlords have big open spaces in their property that can be turned into one with our help. In today’s article, we will be discussing the most effective way to maximize profits with parking and how we organize it.
It is important to check the lot first
Before we help any landlord venture on maximizing profits with parking, we will first check the property. We need to know how many cars can fit in a big open lot that they have on their property. We will measure out the entire lot to figure out the specifics of how big each parking spot may be. We will then draw outlines and number them if it’s possible. By numbering them, we can determine and make a map for the landlord.
We can now market it to tenants!
Once we have created a map, we will advertise it to people who want a parking spot. Of course, we would give one parking spot to the landlord. Parking spots in the Greater Boston area can go up to $300! The average is around $150. If a landlord has 10 parking spots, that’s already a significant amount of income!
We will try to maximize and make sure that you have minimal headaches and vacancies. We will advertise them and determine the right amount for each parking spot then we will also create special parking passes. The parking passes are put on the dashboard of the tenants.
We also work with our trusted towing company to ensure that no random people park in your space. This allows us to stay organized, and your lot is getting its maximum potential.
If you or anyone else you know is looking for a property manager that helps you maximize the potential of your properties through things such as parking, please think of Green Ocean Property Management, you get more than a property manager, you get peace of mind.
Top 5 Steps to Stop and Prevent Basement Leaks
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Managing a Multitude: Strategies for Efficient Multi-Family Property Management
Reading Time: 4 minutesThe world of multi-family property management presents a unique set of challenges. Unlike managing single-family homes, landlords overseeing apartment buildings or condo complexes must juggle the needs and expectations of multiple tenants residing in close quarters. This can quickly become overwhelming if not approached strategically. The key to success in multi-family property management lies in…
Why I Created Green Ocean Property Management
Reading Time: 3 minutes Every single time Jarrett Lau, our founder, speaks to a new owner, he always goes through the whole spiel of why he created this business. In this article, we’re going to be explaining that very same thing because we want you to understand where we started. Our founder’s background As a…
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