Given the current economic scenario, more and more people are opting for rental residences than purchasing them. However, the only rule reinforced by the property management companies Detroit MI that deters potential tenants is the "No Pet" rule. As a result, more and more management companies are asking landlords and owners to relax this rule. Here are a few points worth considering:
- Almost 50 to 75 percent of renters today have pets. This indicates that property managers are turning away so many of their prospective tenants! The result: poor tenants, increase in vacancy rates and lower rental values. A recent survey has indicated that once the rules regarding keeping pets are relaxed, nearly 50 percent of tenancy can be increased
- Tenants are willing to shell out extra money to pay for their pets. They are even willing to rent bigger properties for their comfort. They also do not mind giving out the non refundable pet fee, which in turn literally means 'free money' for the landlords. Additional number of pets they bring in, additional pet fees can be commanded. These are industry set rules and no tenant argues with them.
- Naturally, landlords need to be pragmatic regarding the pet damage that they are likely to incur. The carpet certainly would need cleaning / replacement every now and then. That being said, most decent tenants would not mind shelling out the cost for regular cleanings to keep the inside of the property in top shape.
So, instead of worrying about the carpet damage, landlords and managers should consider replacing it with linoleum and allowing pets!