Wednesday, 1 June 2016

Myth Buster: Pet-friendly Policies Help the Bottom Line

There’s a common misconception with some Plano property managers that allowing pets in your rental property will ultimately add to costs, and reduce income due to damage and cleanup caused by animals in the unit. Plano rental units that allow pets, however, can actually see an increase in income when managed correctly.

Pets Cost Less Than Vacancies

With well over half of Americans owning pets, you can guarantee a good portion of your potential renters are looking for a place with pet-friendly policies. By not allowing pets you’ve instantly eliminated this entire group of potential tenants from filling your vacant rooms. And, when you start to crunch the numbers, the losses from vacancies quickly add up higher than the average costs associated with pets in rental properties.

A Member of the Family

People love their pets. If a pet lover finds a place they really want to live and they’re given a choice to either pay a pet fee to live there or to give up their animal, more often than not people will choose the fee. With a pet deposit and monthly pet fees, plus filling those vacancies, it’s easy to see how pets don’t hurt the bottom line in property management in Plano, but actually helps it.

Call Real Property DFW to help you with pet-friendly property management in Plano. With 25 years of experience they have helped thousands of property investors customize pet policies, and continue to be the property managers in Plano that will set you up for success. Learn more about their full range of comprehensive services at www.realpropertydfw.com

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