Often Dallas property managers feel that property values of their rental units will be lowered if they allow tenants to have pets. And there is the other worry that cash flow will be hurt with increased maintenance and damage to the property. Studies have shown that with fewer unit vacancy days, added premium pet deposits, and minimum actual damage to property, allowing pets can increase your investment’s cash flow and attractiveness to potential tenants.
Pet-Friendly Units have decreased Vacancy Days
62% of Americans are pet owners according to some studies. Pets are usually seen as valued members of the family and can influence the choices of where a family ultimately lives. There is such a shortage of pet friendly rental property options. Adding a pet friendly policy for your rental unit can invite more possible tenants. Right away you can see the pet-friendly effects of faster renting and decreased vacancy days. Once tenants know they are in a comfortable pet friendly home they will more likely want to stay for a while. And with Dallas property management, fewer vacancy days means steady cash flow.
Pets Don’t Cause Greater Damage Risk
A Dallas property management concern when allowing pets is the cost of repairs for damage caused by animals. Studies show that the actual damage caused to property from pets isn’t much higher than normal damages caused by non pet owning tenants. Pet deposits can more than cover pet related damages, so Dallas property management risk for allowing pets is low.
Customize your Policies
Many Dallas property managers are concerned about increased costs from potential damage and increased insurance when pets are allowed in a property. A non-profit animal group FIREPAW has designed a companion Animal Renters Program (CARP) that helps develop individual pet programs for rental property owners. It customized pet policies and pet agreements for your leasing situation. They have dispelled the negative myths around pets and renting and help both landlords and tenants work together to establish more pet friendly renting options.
Real Property is the Dallas property management company that can take care of all your tenants needs and provide an environment that makes tenants feel at home.