Did you just invest in your first rental property and are wondering if you should accept pets?
This is a very common property management question to ask because there are seemingly more pet owners in the United States than ever before and it makes sense to take this into consideration.
In this article we will answer this question and provide you with pros and cons to consider allowing pets and not allowing them at your rental property.
Why You Should Consider Allowing Pets
The first reason to consider allowing pets at your rental property is most pet owners are responsible tenants who love their pets and would do everything possible to abide by the rules of the rental property because they don’t want to be faced with having to find another rental again.
Besides the obvious reason of renting to someone who is responsible, you can also charge a pet deposit of $250 to $500 and a monthly pet rent of $25 or more.
Why You Should Have A No Pet Policy
Yes, it’s true that many owners do have a no pet policy these days because they previously had a negative experience with pets in their rental properties that caused damage.
You have to consider the potential damage that can come with allowing pets in your rental property and place stipulations on the types or breeds of pets to eliminate the possibility of renting to tenants who have pets that might potentially damage your rental.
Besides banning specific pets, another helpful way you can protect your best interests as a landlord is to do a background/credit check.
This will give you the confidence in them that you need to be assured that they are going to be the type of tenant they claim to be on their rental application.
Get Property Management Here
For property management in San Diego, Phoenix or Las Vegas, contact Golden West Management at (866) 545-5303 or click here to connect with us online.