Why Create a Pet-Friendly Basement for Rent in Langley B.C.

Many landlords hesitate to allow pets in their rental properties due to concerns about noise, mess, or potential damage. However, organizations like the BC SPCA believe that with a better understanding of the advantages of pet-friendly housing, landlords might reconsider. In British Columbia, the availability of pet-friendly housing is currently limited, often leaving renters with difficult choices regarding their pets. But, pet-friendly rentals offer significant advantages for landlords too! By creating a welcoming space for tenants with pets, landlords can experience increased demand, tenant retention, and more. In this article, we’ll explore the key benefits of making your basement for rent in Langley B.C. pet-friendly. Follow along below to learn more!

Reasons to Allow Pets in Your Rental Unit as a Landlord

One of the biggest reasons that landlords should consider renting their property to tenants with pets is increased rental income. People with pets know that their situation often comes at a premium. As such, many rental tenants with dogs and cats will be prepared to pay a higher price for their stay. According to the BC SPCA, “units that limit the type or size of pets tend to be cheaper than those without restrictions by $100”. This extra income can add up quickly over the course of a long-term year lease. 

Another great benefit of allowing pets is that most tenants with dogs and/or cats tend to stay longer than those without furry companions. A study by FIREPAW found that renters in pet-friendly rentals stayed an average of 46 months, compared to just 18 months in non-pet-friendly properties. This is largely because pet-friendly rentals are in high demand across the province. Tenants have a much harder time letting go of a rental that is accommodating of their canine family members. 

On the topic of desirability, it’s important to note that 75% of people in their 30s own a dog and more than 50% own a cat. This means that as a landlord you stand to open your rental to a larger pool of potential tenants. In the same FIREPAW study, researchers also concluded that pet-friendly rental properties only lasted an average of 19 days on the market before securing a lessee. On the other hand, those that were non-pet friendly took 29 days to rent. 

If you’re unsure about making your property pet-friendly, consider the benefit of a pet deposit. In most pet-friendly rentals, tenants pay a deposit. This provides extra security and encourages tenants to take better care of the property to get the deposit back.

How to Create a Pet-Friendly Basement for Rent in Langley B.C.?

The first step in creating a pet-friendly basement for rent in Langley B.C. is to establish clear pet policies. Start by defining the types and sizes of pets allowed, as well as the number of pets permitted in the unit. You can set guidelines around breeds, weight limits, or even specific pet behaviours. However, recall that you will likely stand to gain more monetary return by keeping restrictions on breed, size and type limited. Be sure to make it clear that tenants must disclose all pets living on the property and include these details in the lease agreement.

As we mentioned above, it’s common practice to collect a pet deposit. A pet deposit or monthly pet rent can provide financial security in case of any damage. This will often motivate tenants to take better care of the property. Make sure the pet deposit is reasonable, balancing the cost of potential damages with affordability for tenants.

If you plan on renovating or modifying before renting out your basement suite, be sure to use durable, pet-friendly materials. Choose surfaces that can withstand wear and tear from pets. For instance, if you’re updating the flooring, tile, vinyl, or laminate, it is easier to clean and less prone to damage from claws or accidents compared to carpet. You can also opt for durable, scratch-resistant paint for walls.

Landlords that want to go the extra mile in making their units pet-friendly, may consider adding features like fenced yards, built-in pet doors, or designated pet areas. 

To ease your concerns about damage or noise, consider scheduling regular property inspections to address any pet-related worries early. You can plan periodic checks with your tenant to ensure the property remains in good shape.

Contact me Today!

Understanding the benefits of offering a pet-friendly basement for rent in Langley B.C. is essential as you work toward becoming a landlord. Whether you’re renting a suite in your primary residence or managing several properties, understanding the ins and outs of pet policies and agreements is beneficial. For more information about purchasing a home in Langley BC or a property with a suite, contact me today. I’d be happy to help you find the perfect place to call home in this growing city. Be sure to check out my social media for the latest updates and more. I look forward to working with you in the near future.