Trying to find new tenants in this landscape is one of the more difficult things you can do. Sure, it may not be as hard as evicting someone, but replacing them isn’t a picnic either. With everything going on, your applicant pool is simply not what it used to be. In order to be proactive, you have to find a solid way to increase that applicant pool. That is where pets come in. Yes, they are loud, smelly, and more than a little prone to property damage. However, with so few properties allowing pets, you can have an advantage that few others utilize.
Trying to find new tenants in this landscape is one of the more difficult things you can do. Sure, it may not be as hard as evicting someone, but replacing them isn’t a picnic either. With everything going on, your applicant pool is simply not what it used to be. In order to be proactive, you have to find a solid way to increase that applicant pool. That is where pets come in. Yes, they are loud, smelly, and more than a little prone to property damage. However, with so few properties allowing pets, you can have an advantage that few others utilize.
The Trick
To be obvious, pets are messy. They can tear up your hardwood and carpets with the claws on their paws. They can chew on your baseboards and even with the best potty training in the world, accidents happen that can leave a phantom smell. Landlords tend to ban pets and they ban them for a good reason. The natural wear and tear that comes with tenants can double when Fido gets in a mood.
The Trick
To be obvious, pets are messy. They can tear up your hardwood and carpets with the claws on their paws. They can chew on your baseboards and even with the best potty training in the world, accidents happen that can leave a phantom smell. Landlords tend to ban pets and they ban them for a good reason. The natural wear and tear that comes with tenants can double when Fido gets in a mood.
Yet that is the trick. Because so many landlords refuse pets at the gate, everyone with a floofy friend is racing to be the first to apply to the properties that do allow them. They are fighting to get a foot and paw in the door.
67% of U.S. households have a pet. By not allowing them, landlords cut their prospective applicants by over two thirds. That may be okay, when you consider your baseboards, but sometimes one can’t afford to be choosy. If you have a vacancy, you aren’t earning any money and most likely, you’re only spending it with upkeep on an empty lot. The longer it stays empty, the more you’ll end up spending on it. Plus, if your state has generous emotional support animal laws, you might end up having an animal on the premises anyways. Pets may cause damage, but they also come with pet fees.
Yet that is the trick. Because so many landlords refuse pets at the gate, everyone with a floofy friend is racing to be the first to apply to the properties that do allow them. They are fighting to get a foot and paw in the door.
67% of U.S. households have a pet. By not allowing them, landlords cut their prospective applicants by over two thirds. That may be okay, when you consider your baseboards, but sometimes one can’t afford to be choosy. If you have a vacancy, you aren’t earning any money and most likely, you’re only spending it with upkeep on an empty lot. The longer it stays empty, the more you’ll end up spending on it. Plus, if your state has generous emotional support animal laws, you might end up having an animal on the premises anyways. Pets may cause damage, but they also come with pet fees.
Pet parents are used to being told no. That’s why when they find a property that will allow them, they clamor over to apply. With the earlier mentioned percentage in mind, it makes sense that by allowing pets, you are easily doubling that pool. They are simply so excited to have a new place they are willing to fight for it. At this point you can start doing your research.
Pet parents are used to being told no. That’s why when they find a property that will allow them, they clamor over to apply. With the earlier mentioned percentage in mind, it makes sense that by allowing pets, you are easily doubling that pool. They are simply so excited to have a new place they are willing to fight for it. At this point you can start doing your research.
The Fees
With pets come pet fees. Since pets cause damage, most states allow to find ways to make up for it. Your new tenants need to make it all worth it. They do this by paying a pet deposit, pet rent, and other possible non-refundable fees. These work together to cover any damages caused by Lassie or Mrs. Norris. The money should go to classic pet problems, such as damaged baseboards or claw marks on the doors, but with any luck, your tenant kept their pet in line. Consider the average pet rent in your area and balance with the chance of damage and you should come out on top.
Many landlords refuse pets based on that chance of damage, and the chance of severe problems after. However, plenty of pets are well behaved and with responsible tenants as their caretakers, who are eager to keep the one rental in the area that allows pets, are kept strongly in line. With the rental housing industry in its state of disarray, it may be a good time to consider expanding your applicant pool to try and get those vacancies filled as soon as you can.
The Fees
With pets come pet fees. Since pets cause damage, most states allow to find ways to make up for it. Your new tenants need to make it all worth it. They do this by paying a pet deposit, pet rent, and other possible non-refundable fees. These work together to cover any damages caused by Lassie or Mrs. Norris. The money should go to classic pet problems, such as damaged baseboards or claw marks on the doors, but with any luck, your tenant kept their pet in line. Consider the average pet rent in your area and balance with the chance of damage and you should come out on top.
Many landlords refuse pets based on that chance of damage, and the chance of severe problems after. However, plenty of pets are well behaved and with responsible tenants as their caretakers, who are eager to keep the one rental in the area that allows pets, are kept strongly in line. With the rental housing industry in its state of disarray, it may be a good time to consider expanding your applicant pool to try and get those vacancies filled as soon as you can.
