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                 Deciding on having pets at your rental property can be difficult. However, it is a major deciding factor for potential renters and can be a reason why your property is having such a hard time being rented out.

Here are some pros and cons to consider why landlords should allow pets in their rental property.

Pros of Allowing Pets in Rental Property

There are many benefits that are overlooked for allowing pets. Here are the benefits of allowing renters to have pets in your rental property.

Enlargens Pool of Potential Renters

With the option to have pets in a rental property, it will attract more renters to check out the property and consider it to be their next rented unit. There are a lot of landlords who do not allow pets, making it hard for renters with pets to find a new home.

There are many renters with pets so you will quickly be able to find someone who would be willing to rent your property

Charge Pet Rent or Increase Rent

By allowing pets, it becomes a profitable venture. As a landlord, you can increase the rent or charge pet rent. For instance, if rent is $2,000 a month, you can charge a separate $500 rent for pets the tenet has.

It is also possible to charge a non-refundable deposit when the tenant moves in to cover the possible damages a pet could bring on.

Pet Owners Are Likely to Be Long Term Renters

Once a pet owner and their pet settle into the rental unit, looking for another place can be exhausting and more expensive. Pet owners are responsible and are more likely to be long term renters.

Owners with dogs especially are wary to move constantly as changes in the environment can be stressful to their pets.

Taking care of tenants is important especially if they've been there a long time so here are some tips to find and keep tenants for the long haul.

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Cons of Allowing Pets in Rental Property

Although allowing pets has benefits, there are some factors to consider to make an informed decision. Here are some cons that pets in a rental property bring on.

Loud Noise

If the tenants have dogs, most likely they will bark at all hours of the day. This can be frustrating for those who live around the rental property. Pets also like to run so if someone lives underneath the rental property, it can be expected that complaints will be made.

Property Damage

Pets may damage the rental property by ruining the carpet with urine or hair, bites marks on wood, scratch marks, etc. If the rental property has carpet that's been damaged, there are great carpet cleaning services to alleviate this issue.

No Pets Allowed

If the rental property is in a condo or townhouse association that does not allow pets, then you cannot go above this rule to approve them. It is important to double-check with the association's rules.

Make a Decision

Weighing the pros and cons will help make an informed decision about whether or not you will allow pets in your rental property.

Note that cons can be avoided by establishing how many pets can be allowed, what size, and by holding the tenant responsible for certain damages through their deposit. Keep this in mind when listing your rental property on the market!

Contact us on our page for more information on rental management!

               

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We offer residential and commercial property management services for the Seattle Metropolitan area. We manage single-family, multi-family, condos, town-homes, association/HOA, and small to medium size commercial buildings. Additionally, Next Brick Property Management was founded by rental owners for rental owners. We pride ourselves in offering the service that we'd expect from a Seattle property management company if we were hiring one. As Brokers and property owners, we have a comprehensive understanding of the economic forces at work in the local real estate market. We can evaluate a rental property in terms of operating income, forecast its potential for the future, and construct a management plan that reflects your objectives. We are actively engaged in the current market as a property management company, as well as owners of investment property. Our priority is providing a satisfactory experience for both property owners and residents. Our success is based on experience, dedication, and focus by our staff without ever compromising the quality or responsiveness of our customer service.