The Pros and Cons of Renting to Pet Owners
  
At some point, every property owner or landlord will consider the question: “Should I rent to pet owners?”
There are both advantages and disadvantages to allowing pets in a rental unit. Many landlords who allow pets find that the pet owners are generally responsible and are willing to pay more to rent a pet-friendly property.
Pros of renting to pet owners
1. You can charge pet owners higher monthly rent.
2. You can secure longer tenancies by allowing pets.
3. You can fill vacancies faster.
4. Pet owners tend to be responsible tenants.
5. You may have fewer lease violations when renting to pet owners.
Cons of renting to pet owners
On the other hand, the disadvantages of allowing pets in a rental property are pretty obvious to most landlords. Here are three reasons why many landlords don’t want pet-owning tenants.
1. Pets may cause damage to the property.
2. You may get complaints from neighbors about noise.
3. Pet odor, fleas, and allergy issues
If you’re offering a pet-friendly unit, a thorough pet screening will be just as necessary during the application process as a tenant screening. Screening a pet is the best way to prevent leasing to an owner with a noisy, aggressive, or disruptive pet that will damage your property. Plus, the screening process will also check for any issues with the animal’s past and confirm the owner’s information on their pets.
5 Year Bond Rates
Fixed-rate mortgages are based on the 5-year bond rate plus a spread.
If you want to be on the pulse of where fixed rates are going, follow this:
https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx
Variable rates are still low and you can get access to a significant discount off prime.
Book of the Month - Overdose
Every month I will be featuring a book I've read. This month's feature is Overdose by Benjamin Perrin.
Actually, the full title is Overdose: Heartbreak and Hope in Canada's Opioid Crisis.
This was quite the eye-opening book for me. Perrin's interviews with people on the street, families of 'victims', health experts, police and government officials etc etc show what is happening across Canada - specifically Vancouver's Downtown East Side.
I came to realize I had been a bit too quick to judge those who are caught up in this seemingly inescapable web of drug use and addiction.
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