Dear San Francisco Landlords,
In recent years, there has been a significant shift in the real estate market, with tenants increasingly seeking pet-friendly housing options. As the demand for pet-friendly rentals continues to rise, property owners are discovering that embracing this trend can lead to substantial financial returns. In this newsletter article, we’ll explore the benefits of allowing dogs in buildings, with a focus on Chorus Buildings’ pet-friendly services run by Sentral and the advantages of implementing Poo Print.
Meeting Tenant Demand
San Francisco has long been a city of dog lovers, and this affection for our four-legged friends is reflected in the growing number of residents who own pets. For property owners, this presents a unique opportunity to attract a broader tenant base by welcoming pets into their buildings.
Chorus Buildings: Elevating Pet-Friendly Services
A new 27-story complex, Chorus SF, is offering such amenities as Teslas for tenant use, a theater, and a rooftop pool. Along with these other offerings, they also offer posh pet perks, including a pet spa. The spa is stocked with two tubs, aprons, shampoo, conditioner and a blow dryer. Your small building may not be able to compete with Chorus in terms of budget or space. However, the resources a large, new development is allocating to pet-friendly services is an indicator that they feel catering to pets is an income generator, and you should too.
Here are some of the key benefits being pet-friendly can bring to your property:
- Increased Tenant Retention: Allowing pets in your building can boost tenant satisfaction and lead to longer lease renewals. Tenants with pets tend to stay in their rentals for longer periods, reducing turnover costs.
- Higher Rental Income: With the ability to charge pet fees or pet rent, landlords can generate additional income. These fees can offset any minor wear and tear caused by pets.
- Competitive Advantage: In a competitive rental market, pet-friendly buildings stand out and attract a broader pool of prospective tenants.
Embrace the Pet-Friendly Trend
In conclusion, the financial returns of allowing dogs in San Francisco buildings are undeniable. Allowing pets, owners tap into the growing demand for pet-friendly housing, and can do so while ensuring a well-maintained and harmonious living environment.
By welcoming our furry friends and ensuring responsible pet ownership, landlords can enjoy increased income, reduced turnover costs, and a competitive edge in the San Francisco rental market.
If you are considering allowing pets at your properties, please don’t hesitate to reach out. We can advise you which policies to put in place, how to address insurance concerns, and even tell you about a service that allows you to identify which tenant’s dog may be soiling the common areas.
Let’s embark on this pawsitively rewarding journey together!