Investment property management in Boston for landlords and investors

Green Ocean Property Management serves Boston-area landlords and rental property investors. Our management services include rent collection, owner reporting, and maintenance coordination under the written management agreement. Leasing and brokerage are handled by our affiliate, Profitable Properties Boston, under a separate agreement.

Most of the owners we work with have between 1 and 30 doors. Some bought on purpose and some inherited a unit. A lot of them are done with their current manager. For the full company overview, start at our Boston property management homepage. If you sit on a condo board, see condo and HOA management instead.

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What does Green Ocean do for landlords?

Your management agreement sets out the work Green Ocean handles for your rental.

• Leasing. Profitable Properties Boston handles leasing and brokerage under a separate agreement. Confirm the scope of marketing, showings, screening, and placement in that agreement.
• Rent and reporting. We collect rent and provide owner reporting. Your management agreement sets out the payout and reporting schedule.
• Maintenance. We coordinate repair requests with the appropriate vendor. Confirm the emergency contact process and which work requires owner approval in your agreement.
• Deposits, inspections, renewals and notices. These are the paperwork jobs that cause trouble when they get missed.
• Housing assistance. Section 8 and RAFT paperwork with the housing authority.

Leasing and brokerage run through our affiliate, Profitable Properties Boston, under a separate agreement.

How much does property management cost?

We charge a flat monthly fee per door, not a percentage of rent. That means your fee doesn't move up and down with the rent.

• Discounts. Veterans and seniors (65+) pay $125/mo (studio/1-bed) and $150/mo (2+ bed). If your unit is inside a condo association we already manage, management is $99/mo.
• Waived fees. The onboarding fee ($195) and initial property inspection ($150) are waived if you sign within the agreed timeframe.
• The full schedule is in Exhibit A of the management agreement.

Call 617-982-0116

How do you lease a vacant unit?

Here's how we work a vacancy:

• We price for the calendar. Boston rentals run on a September 1 clock, so we price for where your unit sits in that cycle. Any unit that reaches 21 days on market gets a price review.
• Tenants pay no broker fee. Green Ocean never charges a tenant a broker fee on a unit we manage. That brings you more applicants.
• Wide syndication. Listings go out through MLS PIN and YGL to the major rental portals.

Who handles maintenance and repairs?

Green Ocean coordinates maintenance under the management agreement. Pro Services Boston is an affiliated contractor and is optional. Owners can use their own vendor. Confirm who authorizes repairs, how urgent requests are escalated, and which charges apply before work is assigned.

What Massachusetts landlord rules do you handle?

We cover the compliance items that cost owners the most when they're missed:

• Security deposits. We hold them in a separate interest-bearing Massachusetts account through a third-party administrator. That covers the receipt and bank notice the tenant is owed, and the documented damage record at move-out under M.G.L. c. 186 §15B.
• Section 8. We price voucher units off the housing authority's payment standard, not private listings. A rent increase needs 60 days' written notice to the tenant and the authority, plus the authority's approval, and it takes effect at the lease anniversary. RAFT and other rental-assistance applications are $175 each.

How does switching property managers work?

We coordinate the transfer of leases, ledgers, and deposit records with your outgoing manager. We also coordinate updated payment and maintenance instructions for residents. Agree on the handoff timeline after reviewing your current agreement and confirming which records are available.

If you're inheriting a problem tenant (over $1,000 in arrears, an eviction pending, or refusing to leave), there's a one-time $495 setback tenancy fee.

Current Green Ocean owners can find their resources on the owners page.