The buzz words for today are “Pet Friendly”. According to the American Pet Products Association’s (APPA) National Pet Owners Survey, Americans now own approximately 83.3 million dogs and 95.6 million cats. That translates into nearly 50 percent of homeowners owning at least one dog and more than 45 percent owning at least one cat. And managing property is no exception. It is difficult to rent a property that does not allow pets. Seems like 90% of renters own a dog, maybe two and cats.
Here are the standard risks from tenants who own pets:
- Potential damage to the property
- Physical injury to neighbors or yourself
- Possible noise nuisance
- Allergens and dander will get in the air ducts and carpet
And the benefits:
- Additional income from increased rent or pet fees
- Larger pool of tenants to choose from
- Increased tenant enjoyment because of Fido
- Tenants with animals seem to sign longer leases
Whether you allow pets as a landlord or do not allow them, there are ways to mitigate your risks. Give us a call at 897-4077 to speak with Leonard about ways to mitigate these risks and become “pet friendly”.
The number of Sold properties for the month of January in Kingsburg came in at a total 8, only one less than December. The price per square foot was the same at $148. We’re also seeing more offers on larger, higher priced homes. The average price of the Sold homes was $335,756, which is significantly higher than the past several years. The highest home that Sold in January was $480,000, a 5 bedroom, 3 bath, 2700 square foot home built in 2015. It is taking about 60 days to sell a home in Kingsburg, which is pretty normal for this time of year. We do see the real estate business picking up as we are coming into the best time of year to sell and buy. Interest rates are still considerably low at 4.25%
Kingsburg Kiwanis Pancake Supper: Saturday, February 25th from 5:30 pm to 7:30 pm at the Orchard Bible Fellowship, 2400 19th Ave. Lots & lots of silent auction items and all proceeds go to community projects and school scholarships.
Annual Car Show: April 14th & 15th, Downtown Kingsburg. More details to follow.
Thank you for taking the time to read this blog. If you have any questions, please feel free to send us your comments. We welcome your response.