Property Management in a Real Estate Market
Reading Time: 4 minutesThe real estate market is booming in many parts of the world, with property values skyrocketing and demand for rental properties rising. While this is excellent news for property owners and investors, it presents some unique challenges for property managers. This article will explore some key strategies property managers can use to navigate a booming…
Ways to Reduce Vacancy Rates and Keep Properties Occupied
Reading Time: 4 minutesAs a landlord, one top priority is ensuring consistently occupied properties. After all, vacant units can quickly drain your resources, wasting profits and forcing you to scramble to find new tenants. Fortunately, many ways exist to reduce vacancy rates and fill your properties with happy renters. This article will be exploring some of the most…
How to Conduct a Property Inspection and Why it’s Important
Reading Time: 4 minutesA good property inspection catches problems before they become expensive ones. Walk the exterior first, then the interior room by room, documenting everything with photos. Here’s the full checklist Green Ocean Property Management uses on every Boston rental. Why is Property Inspection Important? There are several reasons why property inspections are essential, including:…
9 Sustainable and Green Initiatives in Property Management
Reading Time: 3 minutesThe real estate industry significantly impacts the environment, accounting for nearly 40% of global carbon emissions. As such, property managers must adopt sustainable and green initiatives to help reduce the industry’s carbon footprint. These initiatives benefit the environment and improve the income of property owners and managers. This blog explores a few of the sustainable…
The RAFT Program and How We Help You With It
Reading Time: 4 minutes This pandemic has not been easy for most of us. Luckily, there are rental housing assistance programs in place to tide over affected residents. In today’s article, we talk about the RAFT program and how we assist our residents in their application process. What is RAFT? RAFT stands for Residential Assistance for Families…
HomeWise Docs Explained: HOA & Condo Documents
Reading Time: 11 minutesHomeWiseDocs questions condo owners ask What is HomeWiseDocs? HomeWiseDocs is a third-party centralized document management platform for community associations and property managers. It lets condo owners, buyers, sellers, real estate agents, and lenders request and pay for resale certificates, lender questionnaires, and disclosure documents online instead of mailing paper forms and checks. Who can use…
Quick and Efficient Property Maintenance Using Property Meld
Reading Time: 4 minutesProperty Meld questions owners & tenants ask What is Property Meld? Property Meld is a maintenance-coordination platform that connects tenants, vendors, landlords, and property managers in one dashboard. Each repair request (a “meld”) is tracked from submission through vendor assignment, scheduling, and completion, so every party can see status and history in real time. How…
Refinance: What is it and How Does it Work?
Reading Time: < 1 minute What is refinance A refinance is when you’re going to work with either your bank or a mortgage loan originator. When you originally get a loan, they’re going to be able to borrow money. And what they’ll do is give you $100,000 and then they might charge you an interest rate. That…
What to look for in Qualifying a Vendor?
Reading Time: 4 minutesLooking for a good contractor and qualifying a vendor is an important task for a property management company. It can be a deciding factor for some landlords if a property management company is partnered with credible local contractors in the area who are known to deliver satisfactory service. An expert in the industry knows the…
8 Key Elements in a Landlord Property Insurance policy
Reading Time: 25 minutesA landlord’s rental property is their investment and therefore, they have to make sure it is protected all the time. Landlord insurance is a necessity for every property owner. It helps cover you against any financial risks involved in running a rental property business. There are many situations that may be unpredictable. Even…
7 Tips to Achieve Great Results in Managing a Property
Reading Time: 23 minutesHow much time do you exactly need in managing a property and why a part-time property manager is a bad idea? Learn how effective time management is essential to every property manager. Managing a property is very time-consuming. For a first-timer landlord, there are a lot of issues they may encounter that may question their…
Save more money with these Top 5 Hacks for your Property’s Major Expenses
Reading Time: 6 minutesWhile every landlord’s goal is to maximize their rental income and get it straight to their pockets, running a rental property is more than just about collecting your tenant’s monthly payment. An expert landlord knows that it is necessary to allocate a certain amount of their income for property maintenance. Properly planning and doing a…
Do it the RIGHT way: Security Deposit 101
Reading Time: 14 minutesWhen starting a lease with a new tenant, some landlords tend to be careful as they are entrusting their property to another person. They want to be sure that their new tenant will pay rent on time and abide by a set of rules and regulations as agreed in their lease. To secure that, landlords…
Why Everyone Wants to Start Earning by being a Landlord
Reading Time: 6 minutesBecoming a landlord is not something you decide on a whim. Investing in a rental property is very inviting as it promises financial freedom if handled effectively. Having a rental property offers a steady passive income. Sometimes, becoming a landlord is a title someone can be proud of. The value of the properties appreciates every…
Get Updated on Boston City Rental’s Registration and Inspection Procedures
Reading Time: 9 minutesReading Time: 8 minutes A landlord’s job doesn’t end with just making sure you are taking care of your rental property and tenants properly. Same like others, handling a business requires you to abide by its set of rules. And as per the city’s regulation, registering your rental property business is required by the law.…
Reduce your Liabilities with Deleading
Reading Time: 4 minutesLead poisoning is dangerous and is a serious health hazard. As a property owner, you should be familiar with lead and lead poisoning. Babies, children, and pregnant women are most at risk of this health hazard. Lead affects the brain, the nervous system, and the kidneys. Owners are responsible if a child in their rental…
8 Key Elements in a Landlord Property Insurance policy
Reading Time: 6 minutesA landlord’s rental property is their investment and therefore, they have to make sure it is protected all the time. Landlord insurance is a necessity for every property owner to help cover you against any financial risks involved in running a rental property business. Many situations may be unpredictable. Even if you have…
Top Ways to Maximize ROI on a Kitchen and Bath Renovation
Reading Time: 4 minutesReading Time: 4 minutes When planning any renovations, you should know which areas of your property you want to work on. Specifically, if you have an investment property, you want a renovation that will increase the value of your property and maximizes your ROI. So which home improvement project would you want to invest in? …
Advantages of Hiring a Property Manager
Reading Time: 4 minutesEach landlord faces different challenges daily. The day to day demands of managing a rental property requires a big chunk of your time. Being a landlord is not an ordinary job that you clock in at 9 and clock out at 5. It requires time, effort and experience to effectively manage a rental property. Luckily,…
What is a Renter’s Insurance and Why do I need it?
Reading Time: 4 minutesInsurance acts as a financial safety net for any unexpected circumstances. There are different kinds of insurance, the most common are health and life insurances. But, if you are a tenant in a rental property, do you know that you can get a renter’s insurance? Renters insurance provides flexibility and security to tenants. It offers…
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