Coral Gables Real Estate - Coral Gables FL Homes for Sale-Coral Gables Condos - Brickell Condos- Downtown Miami Condos - Dadeland Condos- Coconut Grove Condos-Miami FL

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 Coral Gables 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 Miami Coral Gables rental homes, Job #1 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 prospects?

Related:Property Search Coral Gables Single Family Homes - Pets Welcome

 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.   

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?

I always ask new Landlord clients about pet history when taking a new Coral Gables condo or home listing. It’s to the Landlord’s best interest to avoid problems by making sure future tenants know a cat or dog previously resided on the property.

Related: Property Search Coral Gables Condos/Townhomes- Pets Welcome

The most significant positive (aside from helping to house our furry friends) can show up on the bottom line. Landlords weigh surprising pet study and it’s nothing to shake your tail at. 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.  My professional property management company can help Miami Coral Gables 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 or condos in Miami Coral Gables  and can use help finding a great income-producing property, or if you need  property management services, 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.

Special Note to the Reader: Did you enjoy reading, Miami Coral Gables Landlords Weigh Surprising Pet Study. The biggest compliment you can give my small business is sharing this content with people you know (Facebook is best) and leaving me a comment. Thank you

Trackbacks (0)

Comments (0)