Kenai Landlords Weigh Surprising Pet Study
Pets Okay For Kenai Rental Homes?
Renting to a person or family with pets
is a risk. No matter how adorable the little critters might be, the truth is,
they can damage your rental homes. A Kenai landlord can lose sleep just
thinking about clawing, digging, scratching and chewing on floors, walls,
fixtures…not to mention the specter of chaos in the yard. Yes; but…
Landlords also know that when you own
one or more Kenai rental homes, Job One is to see that it stays occupied. Not
only because of the income factor, but because empty homes just seem prone to
deterioration. Would it make much sense to shut out 4 out of every 10 of your
According to the American Pet Products Association, 39% of U.S. households own at least one
dog; 33% at least one cat. That makes more than 78,000,000 owned dogs and
86,000,000 pet cats. Nothing to shake
your tail at.
One legitimate long-term concern has to
do with allergens. Even pets that do not
cause surface damage (for every destructive pet out there, there are many more
that are not!) and you are able to clean rental homes of pet smells, their
dander stays behind. Dander is what triggers allergies, and it can stay in air
ducts even after cleaning. This can limit the potential renter pool, or cause
potential problems if a tenant doesn’t notice the allergy until after moving
in. Is it then the landlord’s fault for not disclosing the previous pet? Or the
tenant’s fault for not asking?
Experienced pet-tolerant landlords avoid the problem by making sure
future tenants know a cat or dog previously resided on the property.
The most significant positive (aside
from helping to house our furry friends) can show up on the bottom line.
According to Petfinder.com, pet-friendly rental units have 4% lower vacancy
rates. When you consider the decreased advertising expense (even after
factoring in insurance and typical damage costs), it all can add up to a
measurable revenue boost. Most pet owners are willing to accept a pet deposit,
additional pet stipulations, and often, a rent surcharge. A professional property management company
can help Kenai landlords set clear and fair guidelines for pets that protect
your asset while increasing revenue.
The end goal of a real estate investor
is, when all is said and done, to build equity. If you are considering
purchasing rental homes in Kenai and can use help finding a great
income-producing property, or if you need referral to a responsible Kenai property management company, call me
anytime. We can go over some of the pros
and cons of becoming a landlord — and help you find a property that will help
you reach your goals.