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How to Keep Things Organized when Owning a Multifamily Property
Reading Time: 2 minutes Multifamily properties, unlike single-family properties, need to be organized at all times because of the volume of tenants that this type of property has. Here are some efforts that Green Ocean Property Management does to make multifamily properties be organized. How does Green Ocean organize multifamily properties? We provide space for bicycle…
Top 5 Steps to Stop and Prevent Basement Leaks
Reading Time: 2 minutes With our buildings in Boston being hundreds of years old, it’s super common to get water in the basements, but as a general contractor and someone who manages hundreds of properties over decades, we’ve seen it all. So let us go through these steps to be able to prevent and stop basement leaks…
Leases VS. Tenant-at-Will: When Do You Use Both?
Reading Time: 2 minutes If you own a property and worked with a property manager before, you may have heard of these terms already: tenant-at-will and leases. Lease being the common has been used to outline the list of agreements between the tenant and the landlord. In this article, we will discuss more tenancy-at-will and leases together with…
Why Property Inspections and Walkthroughs are Important
Reading Time: 2 minutes The majority of our clients live either out of the state or out of the country. If they don’t live locally, they have other things to do with their time other than walking through their property. Some of them haven’t been in their properties in years, and that is where we help them. We…
Can tenants paint the wall?
Reading Time: 11 minutes When moving in, one of the most common questions we get is, “Can tenants paint the wall?” As a property management company, this is what we personally do to protect you, the landlord. Why You Might Want to Let Tenants Paint So, why even consider saying yes when your tenant asks about breaking…
Green Ocean’s Off-Ramp Process and Fees
Reading Time: 2 minutes We often receive questions from our clients and tenants about our off-ramp fees. In this article, we will discuss that thoroughly. Green Ocean’s Off-Ramp Process and Fees Our off-ramp fee is a one-time fee. The majority of our landlords stay with us for the duration that they own their property, but there…
Do Property Managers Need License in Massachusetts?
Reading Time: 2 minutes Do property managers really need license to manage properties in the state of Massachusetts? Read on to find out. They DO NOT need license Technically the answer is NO because there are no federal or state regulations that require a license. It is unlike real estate, in which we have to get either…
How to INCREASE RENTS During Lease Renewal
Reading Time: 2 minutes With the ongoing inflation, tax payments, and demand for repairs, an increase in rents is truly inevitable. As experienced property managers, we always get this question a lot: “How do you determine the increase during lease renewal? Do you also send out a notice to your tenants when it’s time to renew their lease?”…
Joint Lease vs. Individual Lease
Reading Time: 10 minutes There are two methods of lease structures for multiple tenants: signing each tenant individually (or “by-the-bedroom”), or jointly (also called “one lease”). Depending on your preference, your rental property location, and your residents, one lease structure may be better than the other. Let’s take a moment to examine joint lease vs. individual lease…
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