St. Cloud rental homes can provide their owners with an investment that’s competitive on many fronts. It can provide cash, positive equity growth, tax advantages—and even a variation on the “pride of ownership” that live-in homeowners feel. But at least in one area, it also brings a brow-wrinkling decision that those who live in the homes they own don’t have to think twice about.
We’re talking about pets. Fido and Kitty—yes or no?
For a huge proportion of American families, it’s a no-brainer. Despite potential less desirable side effects, that new puppy or kitten will be welcomed without hesitation into parlors from St. Cloud to Anchorage. Any damage that might result is just part of the wear-and-tear any household expects. The American Pet Association used to point to the 39% of households that own a dog or two—and to the 33% who own at least one cat. That might be greater today, now that 94 million cats and 89 million dogs populate U.S. homes.
What this results in for St. Cloud landlords is a tough choice about whether to allow renters to have pets. It might seem to make sense to simply rule them out—thus avoiding the clawing, scratching, digging, chewing on floors, walls, and fixtures, etc. Who needs those mental images to keep you up at night?
But if you decide on a no-pets policy, you eliminate something like 40% of your potential rental candidates. They’re spending $70 billion (!) a year to take care of their pets—which is why it’s sometimes argued that some of the personality types drawn to fostering animals are also highly desirable as tenants. In fact, the Petfinder website does say that pet-friendly rental units have a 4% lower vacancy rate.
The decision may be somewhat ameliorated by the fact that most pet owners readily accept pet deposits, various pet stipulations, and even a rent surcharge. For landlords who partner with professional managers, the best St. Cloud professional property management firms can be counted on to enforce established guidelines that protect their clients’ properties while providing the revenue benefits.
In short, the pet/no pet conundrum needn’t be a stumbling block for anyone weighing the investment potential that St. Cloud rental homes can provide. For a more complete picture, call me!
My objective is simple; to do for you what I would wish someone in the same position to do for me which means always acting in your best interests in order to achieve the goals that you have set for yourself. I have been in the real estate business for over 20 years and began when I started in the construction of homes. I have built homes from the ground up (pouring footings to setting the last finishing nail) which is a huge benefit for you as I can share that knowledge about home construction with you. I have successfully negotiated hundreds of contracts and fully understand the process as well as every line of a contract that you will be signing your name to. We are the only entity that can work with legally binding contracts w hile not holding a law degree and as such we have very specific fiduciary responsibilities to our clients and I take them very seriously. My goal is to make the process not only informative and educational thereby removing the fear or anxiety that some experience but also to make the process both exciting and fun and I strive for 5 stars in every transaction. The bottom line is if you're not happy, then neither will I be!
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"Patrick is an amazing agent! When we bought this house it was in foreclosure and Patrick's construction knowledge exceeded my expectations. After the purchase he also helped design the finish of the home. His expertise helped save us time and money! I would recommend Patrick 100% to everyone buying or selling a home, he will surely not disappoint!!"