One of the primary benefits of pet-friendly apartments is that they can attract like-minded renters. Pet owners must always remember to clean up after their pets, and pets cannot be left outdoors or unsupervised in the apartment. Small animals, such as birds and reptiles, must be confined to cages or terrariums. It’s also important to consider the needs of tenants with allergies. In general, you’ll need to get the pet ticked off by the strata management company that manages your complex. Here are some tips for keeping your apartment pet-friendly:
Pet-friendly apartments generate more rental income
Many multi-family property owners are choosing apartment renting in Washington DC to attract tenants with pets. While pet-friendly apartments may be harder to find, they do offer several benefits. Rents for pet-friendly units tend to be higher, and vacancies are lower. Owners can charge higher fees, such as security deposits or non-refundable pet deposits, and can even collect additional deposit money for damage caused by the pet. Advertising costs are lower, too.
A pet-friendly policy can lead to higher rent, reduced vacancies, and more favorable occupancy terms for landlords. While the initial cost may be higher, the financial benefits are significant. According to a recent study, 82% of renters say that a pet-friendly policy is easier to find than a non-pet-friendly one. Furthermore, landlords who permit pets enjoy an average of $4,000 in extra rent per pet lease.
They attract like-minded people
Apartment complexes that welcome pets often have a competitive edge over traditional apartment communities. They attract like-minded people who appreciate the benefits of living in a community that allows dogs. The pet-friendly ethos isn’t new, but it is increasingly embraced. Pet-friendly living attracts like-minded people and helps apartment complexes attract new residents, as well as retain existing ones. Here are some ways to maximize your pet-friendly appeal.
Most renters own pets and making a rental property more pet-friendly increases renters’ interest. Not only does this reduce vacancies, but it can also ensure a consistent rental income throughout the year. Millennials, who represent a significant consumer demographic, are more likely to own a pet than a child, and most property owners would like to attract these renters. Companies are also taking advantage of the pet-friendly trick, as they have a bonus in attracting millennials.
They make a property more attractive
Renters will love having a pet on the property. Seventy percent of renters have pets. Having a pet-friendly policy will attract a variety of tenants and help your property retain current renters. Additionally, the pet-friendly property will lower vacancy rates and increase tenancy rates. Pet-friendly properties are also less likely to experience damage caused by animals. So, how do you make a pet-friendly property more desirable?
Rents will also be higher. In addition to increased occupancy, pet-friendly units will typically rent for at least $100 more per month compared to their non-pet counterparts. In some markets, this difference can be much greater, so you can expect your rents to increase accordingly. Also, as the rental market is more competitive today, pet-friendly properties will probably command higher rents. And since renting out pet-friendly properties typically take less time to rent, it will be easier to find tenants.
They help keep pets well-groomed
Renters with pets often have to pay extra attention to their pet’s care and cleanliness. Regular bathing, grooming, and check-ups are necessary to keep your furry friends well-groomed and clean. Several pet-friendly apartment buildings require DNA tests to help identify owners responsible for their pets’ waste and messes. While it’s easy to overlook the little details, pet owners should be prepared for unexpected mishaps. Accidents can occur with pets, including chewing carpets and shedding excessively. Pet owners should have resources and education to handle such issues and to keep their pets well-groomed.
Before renting an apartment that welcomes pets, make sure to advertise your pet. Make sure to inform your landlord of any health issues or allergies your pet may have. Make sure that your pet is properly vaccinated and flea-controlled, and that its owner has a Canine Good Citizen certificate proving that it is a responsible tenant. Many landlords are hesitant to rent out their apartments to people with pets because they fear they’ll face liability issues.
They reduce scratching
There are several benefits to living in a pet-friendly apartment, including reduced damage to your floor and walls. Having a pet can reduce your stress levels and make your apartment a more comfortable place to live. You can also take advantage of the added income a pet can provide. A pet can also make your apartment more comfortable for you and reduce scratching. If you have a dog or a cat, the benefits of living in a pet-friendly apartment are numerous.
When choosing a pet-friendly apartment, you should start looking for one at least six weeks before moving. You can contact real estate agents and veterinarians in your area for a recommendation. Pet-friendly apartments are often marked on apartment guidebooks. Apartment guidebooks in newspaper boxes and supermarkets often have information about whether the building is pet-friendly. If you’d rather not rely on these sources, you can use the internet or apartment websites to search for housing.
They encourage tenants to take better care of their animals
Some apartment complexes require DNA tests on all pets before allowing them into their rental units. These tests are useful if the tenant is unsure who is responsible for the pet’s waste. Also, tenants should be aware that their animals can cause accidents and maybe shed excessively. You should know how to deal with these problems so that you do not have to move out of your apartment. Listed below are some tips for ensuring pet-friendly apartments.
First, be sure to train your pet properly for apartment life. Dogs that are not used to high traffic may become territorial and protective of their territory. You should teach your dog to stop barking whenever you hear footsteps and reward it for good behavior. It can also benefit from air purifiers to avoid the smell. Some landlords allow dogs of certain breeds, but be sure to make this clear in the listing.
