If you’re a pet owner, you know how difficult it can be to find a rental home that allows pets, and how out-of-the-question it would be to leave them behind. But as a landlord, should you allow pets in your rental property or just say no? Consider these points when deciding whether you’d accept dogs, cats, other pets, or none at all.
Pros to Allowing Pets
- Higher Rent: If you’re open to allowing pets, increase your rent/month or establish a monthly pet fee. Pet owners are usually asked to pay more per month in rent than non-pet owners due to the probability of extra clean-up or property damage.
- Higher or Additional Deposit: Similarly, landlords should require an additional or increased deposit to cover any pet-related costs.
- Appeal to Pet Owners: Opening your property to pet-owners widens your pool of potential renters, many of whom may be having trouble finding a place for their whole household.
- You’ve Been There: If you’re a pet owner yourself, you know how it feels to have your animals be a part of your family. You would be helping a similar family find a home that suits their needs.
Cons to Allowing Pets
- High Risk of Damage: Between claws, teeth, and the habit of urinating inside, pets can bring a whole range of damage to your property. Young puppies, kittens, and older pets who have trouble with incontinence can be especially risky.
- That Smell: Dog and Cat smell is nearly impossible to avoid, and even harder to get out of a home. Especially if they’re having accidents on the carpet or spraying like male cats can do, ridding your rental of that odor can be difficult and can make it hard to rent out again.
- Barking or other Nuisances to Neighbors: If your renters’ pet is being noisy, roaming into others’ yards, or worse, being aggressive or a danger to others, you as the landlord will have to deal with it. It is much harder to tell a family they have to move out or get rid of their pet than just saying no to pets in the beginning.
- Taking someone’s word for it: Experience says that even though renters will promise that their pet doesn’t bark, doesn’t bite, doesn’t have accidents, and is an absolute angel, they may just be trying to get into your rental. As a property management company, Tradewind Properties vets your potential renters to be sure that you know what you’re getting into. We ask for updated veterinarian records on the pet’s health and behavior and request a detailed pet rental reference from a current and/or past landlord.
If you are going to allow pets, consider these tips:
- Add a monthly pet fee or an additional pet deposit. The experienced agents at Tradewind Properties will help you determine the right deposit or pet rent to ask for based on the individual home and market.
- Check with your city ordinances, HOA, and landlord’s insurance to see if certain breeds are not allowed or not covered by insurance.
- Landlords may want to require dogs and cats to be over one year old, potty-trained, and up to date on all shots. Puppies and kittens can do significantly more damage than trained adult pets.
- If you’ve decided not to allow dogs and cats, what about birds, reptiles, or small pets like hamsters, rabbits, or guinea pigs? Think of the above pros and cons, but on a smaller scale.
When you work with Tradewind Properties, we will help you set your preferred pet policy (within the guidelines of your HOA). At a minimum, we require all pets to be 1 year or older, be up-to-date on all shots, and be licensed within the city (if applicable). When a potential renter applies, we will verify the vet records and behavior of the pet for you, and will perform a routine inspection of the property 1-2 months after a new tenant moves in to ensure no lease violations are occurring.
Generally, we at Tradewind Properties have found that allowing pets is beneficial as it broadens your pool of potential renters, and we’d love to help you prepare for renting out your property, pets or no pets!
**Please note that the above tips are strictly related to pets and do not pertain to the laws governing service animals.
If you have any questions about becoming a landlord, or renting out your property, Contact Tradewind Properties. We are here to help!