As a property owner or rental manager, you have to make a lot of decisions regarding the rules and regulations of your rental property. One of the biggest decisions you will have to make is whether or not to allow pets. Should you decide to allow pets on your rental property, you will need to look into creating even more rules and regulations for the pets. There are so many things to consider, so in today’s post, we’ve chosen a few different restrictions you should take into consideration.
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Types of Pets Allowed
Pets come in all shapes and sizes, from tiny little hamsters to very large dogs. As a property owner, it’s important that you take the time to specify what types of pets are allowed. For example, you may decide to allow your tenants to have two cats or two dogs per household, or you may decide that hamsters and other small furry creatures also count towards the two pet limit. In addition to how many pets are allowed in your rental property, you may also want to set breed restrictions, weight limits, and any other specifics that could affect the quality of life for your other tenants.
The decision to allow pets varies from rental property to rental property. For this reason, if you decide to allow pets in your rental property, you may see an increased number of potential tenants who are interested in your property. While there are some potential tenants who have no interest in adopting a pet, there are other people who are adamant about getting a pet, and therefore, need a rental property that allows pets. On a similar note, some rental properties allow pets, but they have very strict regulations. Depending on how strict or lenient you decide to make your restrictions, it could result in more or less interest from potential tenants.
As mentioned above, there are some people who are determined to live with a pet, and restrictions may not stop them. It’s no secret that some pets can cause a lot of damage to the rental property, whether they’re scratching up furniture, urinating on the carpet, or clawing up doors. Even if you decide to not allow pets in your rental property, you still may find tenants who try to push you into allowing their pet, or even worse, you may inspect an apartment or home only to find out that your tenant has had pets the entire time. That being said, if you decide to allow pets, it could reduce the risk of your tenants keeping pets without permission.
Money In Your Pocket
Allowing pets can lead to damages to your property, which is not something you want. However, instead of putting up with the damage and simply fixing it when a tenant moves out, you have the option of charging extra in exchange for your tenant having a pet. In many cases, property owners charge an additional deposit per pet that your tenant can eventually get back once they leave, as long as there isn’t extensive damage. In addition to the pet deposit, you may also decide to charge a monthly pet rent that can help cover wear and tear caused by the pet.
As a property owner, one of your goals is to keep good tenants for as long as possible. Not only does this leave your property in good hands with tenants you trust, but it also keeps you from having to try and find replacements every year. Offering reasonable pet restrictions is a great way to appeal to higher quality tenants who are willing to stick around for a long time. For the most part, pet owners are responsible, so you know they will take care of your property. Additionally, tenants may be less likely to look for a new place to live if you offer competitive pet restrictions that they can’t find anywhere else.
Want to Learn More?
Managing a rental property, or even multiple rental properties, is a large job, and it can add a lot of stress to your plate. At Minnix Property Management in west Texas, we can help carry the burden by offering professional property management services. We can handle some of the more tedious tasks while you tackle all the administrative work that keeps your business going. Interested in learning more about our professional property management services? Reach out to our team at Minnix today!