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Should You Make Your Property Pet Friendly?

Before you open your property to renters, you must first decide if you will make your property pet friendly. We have all heard the horror stories about pets destroying apartments, but responsible pet owners can actually be beneficial for your property. Here are some important things to consider when deciding on a pet plan for your property.

Pros of a Pet Friendly Property

Since we constantly hear about all the problems animals cause for landlords, you may not be as familiar with the benefits of allowing your tenants to have pets.
Here are some good reasons to allow pets in your property:

• Larger Prospective Tenant Pool– Firepaw.org states that almost 50% of renters own a pet. Therefore, if you make your property pet friendly, you can be more selective when choosing a tenant as you will have a larger group to choose from.
• Pet Owners Make More Money– According to Practical Apartment Management, by Edward N Kelly, 65% of pet owners earn over $50,000 a year. You should run a credit check to help determine if this money will go toward paying the rent.
• Longer Tenancy– Pet owners typically stay in a rental longer because it can be harder for them to find other pet friendly options.
• Responsible Pet Owners Are Responsible Tenants– If someone is mature enough to take good care of an animal, there is a good chance they will treat your property with the same respect.
• Charge Higher Rent– look around your area. If there are not a lot of pet friendly properties, tenants will have fewer options, and you may be able to charge slightly higher rents if you allow pets due to the increased demand.
• Happier Tenants– Animals can help reduce stress. Having a pet around can make your property feel more like a home for the tenant.
• If you allow pets, it will decrease the chances of tenants trying to sneak in pets that you have not approved.
• By Erin Eberlin
• Since 1946 the Carnahan name has had a reputation for honest and ethical Real Estate Property Management services in the San Fernando Valley, Santa Clarita Valley, Burbank/Glendale, Los Angeles, Westside and Conejo Valley areas.The reason for our success is helping owners like you when they need it. Below is a partial list of property management services we provide to help you protect your real estate investment.
  • Tenant placement
  • Tenant screening (including: credit check, landlord and employment verification, social security trace report, California eviction check and criminal check)
  • Regular property inspections
  • Accounting and landlord bill payment
  • Monthly financial reporting
  • Maintenance service and supervision (we use only proven independent vendors)
  • Collections
  • Evictions
  • We supply all the necessary forms to meet California’s Landlord/Tenant laws
  • 24 hour emergency phone service
  • Advertising to the broadest tenant base possible

  Call or e-mail us today for more information. We’re ready to get started!

• • Carnahan Property Management services Woodland Hills,West Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando Valley, Granada Hills, Mission Hills, Simi Valley, West Lake Village, Agoura,Toluca Lake, Valley Village, Burbank. Call us at (818) 884-1500 and check if we can service your area.