Effective Way to Maximize Profits with Parking

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.