WHY SHOULD I ALLOW PETS ON MY PROPERTY

Holland Properties • Feb 02, 2023

We understand that allowing pets at your investment is a tough decision. We totally get it, but after reading this blog you might feel more comfortable knowing what to do in order for that to be an option.

One of the most frequently asked questions from owners is “should I allow pets on my property?”. This is 100% up to you in most situations, but we want you to consider the advantages that come with pet-friendly homes and ways to reduce the risk.

In 2018, about 57% of US households included at least one pet. The most recent Pet Ownership & Demographic Study (2018) by the AVMA shows that dogs are the most popular pets in the United States. ( To Keep reading more, click here…

https://www.pawlicy.com/blog/us-pet-ownership-statistics/) Taking those numbers into account, allowing pets will increase the pool of renters significantly, which will result in renting your property much faster!

A common concern is “But the pet owner won’t take full responsibility for the possible damage” Don’t worry! Here are some strategies to reduce your liability

When renting out the home, it is important to protect your investment property by including a pet screening process, clear marketing, creating specific lease agreement terms, and regular property reviews.

We strongly encourage you to utilize a pet screening program such as petscreening.com that will do the work for you in the pet evaluation. They can verify pet records, manage pet information, help you create a pet policy, and more. They are especially important for service and companion animal screening. Include clear pet marketing in your listing that lays out any pet deposit, monthly fee, and any pet restrictions such as size/weight, number of pets, cats only, etc….This will further reduce your risk by creating a pet policy plan, but still, increase your market visibility among people searching for pets.
It is vital to have a pet addendum stating the lease agreement terms such as but not limited to, pet deposit, monthly fee, liability for damage, pet behavior rules, pet waste, and management, etc…
Last but not least, make sure to have regular property reviews. This will help you detect issues early on and prevent future damage.

Please keep in mind, in Oregon, for tenants who have a companion or service animal letter verified by a third party, ANY fees or deposits are not allowed. Tenants are still liable for all damage, but you will have to collect from the regular security deposit or bill out to the tenant. For more information on service or companion animals please visit the HUD website here: https://www.hud.gov/program_offices/fair_housing_equal_opp/assistance_animals

Pets play such an important role in many people's lives. As a property investor, it’s worth considering pets if you have the right processes and procedures in place to reduce the risk. Having a pet-friendly home can open up more opportunities when it comes to finding tenants and generating income for your rental property.

At Holland Properties, we deal with many tenants who have pets, so if you are not 100% sure about how to proceed, give us a call, and we will be more than happy to assist you in this process.

Give yourself a break, it is time to work with a great team

Holland Properties, Inc

main@hollandprop.com

503-533-2121

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5 key benefits of hiring a property management company

By Holland Properties • 12 Feb, 2024

When considering the management of rental properties in Oregon, especially for property investors who might not have the time or expertise to manage properties themselves, hiring a property management company can provide several key benefits. Here are five significant advantages tailored specifically for property investors: 1. Local Market Expertise A property management company based in Oregon, particularly one familiar with the greater Portland area including Beaverton and Hillsboro, brings invaluable local market expertise. This knowledge is crucial for setting competitive rental rates, understanding local laws and regulations, and effectively marketing your property. Holland Properties, Inc., with its deep understanding of the local market dynamics, can help you maximize your investment's profitability while ensuring compliance with all local ordinances and state laws. 2. Efficient Tenant Placement and Management Finding the right tenants is fundamental to the success of your rental investment. A reputable property management company has the resources and processes in place to screen tenants thoroughly, ensuring you have reliable tenants who pay on time, take care of your property, and generally cause fewer problems. Holland Properties, Inc. offers comprehensive tenant management services, including rigorous screening processes, lease negotiations, and tenant communications, which can save you time and reduce the risk of rental income loss.