Apartment Owner’s Best Friend
There are more good reasons to have pets in apartments than bad ones, writes Karen Aho, of MSN Real Estate, in the 5-5-09 issue of the National Apartment Association’s IndustryInsider.
She goes on to say that apartment owners should advertise their apartments as “pet friendly” instead of offering free rent, wireless or free TV as incentives.
Statistics show that “pet-friendly apartments rented in 19 days versus 29 days for non-pet apartments”. Fred Thompson, president of the National Association of Residential Property Managers, a trade group, cites if soiled carpeting is your reason for not renting to someone with a pet, consider this: “If it took an extra two months to rent to a non-pet owner, at $1,000, then not taking a pet costs $2,000,” and “Well, $2,000 will pay for a lot of carpet.”
While apartment owners are encouraged to meet the pet before approving a potential renter’s application, they “should look into various insurance products regarding on-premise pets and request an additional security deposit as opposed to charging additional monthly fees for pets.”
To read the whole article, go to http://realestate.msn.com/article.aspx?cp-documentid=19186150&Gt1=35000
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CA Real Estate Journal Newswire Article; Brokerages Think Outside the Box by Julie Nakashima
