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.
Security Deposits: Legalities and Best Practices for Handling Tenant Deposits
Reading Time: 3 minutesSecurity deposits are a crucial part of the rental landscape, providing financial protection for both landlords and tenants. However, navigating the legalities and best practices surrounding security deposits can sometimes lead to misunderstandings. This article explores the legal framework, best practices for landlords and tenants, and how clear communication and documentation can ensure a smooth…
Why Should you Ask for tenants’ landlord reference and work verification
Reading Time: 2 minutes One of the most common questions that we get is, “Are landlord and work verification necessary?” Back in the day, anything that we can do to pre-emptively determine if your tenants are going to be a good one or not, we’re going to do it for you. Prior planning prevents poor performance and learning how…
Our Multi-faceted Services, Explained
Reading Time: 2 minutes For those of you that don’t know, Green Ocean Property Management’s services are multi-faceted. In addition to being property managers, we are also real estate agents and construction managers. What does that mean for you as a landlord looking for a property manager who perhaps is also looking for a property they have to…
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