Do You Allow Pets

By Author: Zack Wiest
Total Articles: 6
Comment this article

A decision you are certain to be faced with at some point during your time as a long term buy and hold investor is whether or not to allow pets. There is not a landlord that I know that has not been faced with deciding pets or no pets. The goal of a long term buy and hold investor is to minimize costs and one way to do this is through low turnover rates.

When renting residential real estate the big question from tenants always pops up “Do you allow pets?”. NO, NO, NO, NO you don’t. You may be a pet lover and you may have fifteen pets yourself but do not allow pets in your rental properties. There is not a pet deposit or security deposit that can convince me to change my mind. For example, you decide well if I charge two month’s rent as security deposit I should be good, wrong. Let’s say your tenant stays for one year and then moves out. You could be in for a rude awakening when you find out the dog has gone to the bathroom in the basement and it smells like the inside of “porto-pot”, and not a freshly cleaned one. Additionally, the dog has chewed on almost every door in the house, the baseboard, ...
... stained the carpet, and a few other things. At the end of this turnover you spend $3,000 to get the property ready for a new tenant and all you collected was $1,700 for two month’s security. Now, you can get a judgment for the additional repair money but best of luck collecting on that. Even if the pet does not cause this much damage they still typically will cause some kind of damage, so it is best to just say “NO” to pets.

This is just one helpful tip to help you maximize the return on your investment. PA Deals can offer you fully renovated, top-notch, cash flowing properties plus provide you w ith all the support you need to become a successful long-term buy and hold investor. Do not fall victim to a get rich quick scheme, get wealthy for life with PA Deals. Visit www.padeals.com to learn more now about this unbelievable opportunity!

Zack Wiest is owner of PA Deals, LLC. They are a residential real estate investment firm located in Harrisburg, PA. Though founded in 2006, the principals of the company have been investing in real estate since the year 2000. You can find out more about us at http://budurl.com/padealsbmpart