Should I Allow Pets in My Investment Home? Tips from a St. Robert Property Manager
System - Tuesday, November 10, 2015
As a homeowner, your ultimate goal is to have a profitable investment. Considering that 62 percent of American homes now include a pet, there is no quicker way to increase the pool of rental applicants than by allowing pets in your home.
Recently, studies have shown that homes allowing pets are actually more profitable than those that don’t. Homeowners that go a step further and offer pet-friendly amenities such as fenced backyards and refundable pet deposits experience shorter vacancies than those who do not. This is a big deal for a homeowner.
At Century 21 Prestige, we advise, before taking the pet friendly plunge, that you have a few things to consider. First, think about the type of pets you’ll allow; cats, dogs, fish, snakes. As the property owner, the choice is completely yours. You will want to reach out to your homeowners insurance company to see if there are any breed restrictions.
If you have any questions while you’re putting together a pet policy for your rental property and your tenants, please contact us at Century 21 Prestige. We’d be happy to tell you more about how to protect your property while allowing tenants to have pets.