Whether or not to allow pets in your Detroit area property management is a big decision. Owners must however weigh the pros and cons of such a decision. Pets often cause damage in the properties, but their benefits often outweigh these negatives.
When you allow pets, not only do you increase your pool of potential renters, you also get longer tenancies and reduced periods of vacancies. The fact is that: since the housing collapse a few years ago, many homeowners have entered the market as renters. They often bring with them multiple family members which include furry friends. Many of these also have established credit histories and strong incomes. They hence make ideal tenants.
Therefore, it is recommended that owners and managers allow pets to attract this group of renter applicants. The very fact that, when you put up a "Pets Negotiable" sign, means that you are increasing the showing of your property and this should be reason enough to consider allowing pets. This way, you can always decide whether or not to allow small birds, dogs or cats.
The key is to take higher security deposit from renters who have pets. Studies have shown time and again that the amounts incurred due to pet damages are a lot less than the amount the landlord has made by claiming higher security deposits.
These should be good reasons for you to allow pets on your properties
