Cachet Real Estate Finance, LLC

  • Home
  • About Us
    • Cachet’s Mission
    • Cachet’s Network
    • Accessibility Statement
  • Custom Home Loans
    • New Construction
    • Raw-Land Aquisition
  • Resources
    • Pre-Owned Home Loans
    • First Time Home Seller Tips
    • First Time Home Buyer Tips
  • Blog
  • Contact Us

Creating A Pet-Friendly Rental Property

March 9, 2022 by Cachet Real Estate Finance

Creating A Pet-Friendly Rental PropertyPeople look at pets as members of their families. They love and cherish them. At the same time, pets do not necessarily go well with rental properties. Even though their owners love them, the property owners generally do not. Pets can damage the property, stain the floors, and scratch up the furniture.

Did you know that 72% of all renters own pets?  Therefore, property owners who want to maximize their income need to create pet-friendly rentals to drive up demand. What are the biggest benefits, and what are a few ways to do exactly that? 

The Benefits Of A Pet-Friendly Rental

There are several reasons why property owners should create a pet-friendly rental. The biggest reason is that this leads to a more diversified tenant pool. Many people are looking for a property that welcomes pets. If property owners have a rental property that is pet-friendly, they will have more interest, increasing the rent they might charge.

Furthermore, pets are not the most common source of property damage. Adults and children tend to cost far more property damage on a per-month basis than pets. Therefore, property owners should not worry as much about dogs, cats, and other animals damaging their properties. 

How To Create A Pet-Friendly Rental

There are a few ways property owners can make their rental properties pet-friendly. First, it is important to think about the floors. Some floors, such as carpet, are not friendly to pets because they stain. Instead, linoleum, vinyl, and laminate floors are friendlier to pets, and they are far easier to clean. 

It might also be helpful to invest in pet doors and gates. This makes it easier to divide the property and makes it easier for pets to come in and out.

Consider Asking For A Pet Deposit

Property owners should also consider asking for a pet deposit. It is not unusual to ask for a security deposit, but owners might want to ask for an additional deposit for pets. That way, owners already have the money on-hand if they need to do some extra cleaning or make some repairs after having a pet at the property. Creating a pet-friendly rental can lead to extra income.

Filed Under: Mortgage Tagged With: Pet Friendly Rental, Pets, Real Estate Investment

Safe & Secure Application

Any Questions?

  • This field is for validation purposes and should be left unchanged.

Connect with Us!

Our Recent Articles

  • How to Run a Quick Financial Health Check Before You Apply for a Mortgage
  • Why You Receive So Much Junk Mail After Closing On Your Home
  • What’s Ahead For Mortgage Rates This Week – January 30, 2023
  • VA Loans: Are They Assumable?

Privacy & License Information

  • Privacy Policy
  • License
  • HUD Booklets
Cachet Real Estate Finance, LLC
7900 N US HWY 377
Rochelle, TX 76872
NMLS #391557 | Equal Housing Lender

Copyright © 2023 · Powered by MySMARTblog