There has been a 29% increase in cats in homes since last year, but people are adopting other furry animals, such as dogs. For a landlord, this rise in pets can be problematic if you want to advertise a home to a wide range of people. So, is allowing pets in a rental property a good idea?
Depending on the size of the property and the tenant's history, it's important to evaluate the situation before saying no. This way, you'll have time to consider the pros and cons of allowing pets and if it's the right decision.
Allowing pets is a personal decision, but this article will help you find the best solution for you and the tenant.
Pros of Allowing Pets in a Rental Property
There are several advantages to allowing pets in a rental property; the most obvious benefit is that you can charge a higher rental price. Tenants care deeply about their pet dog or pet cat, so they are more likely to say yes to the tenant if they offer to pay a higher price.
As the rental property market is competitive, finding reliable tenants who will pay rent on time can be challenging. Therefore, advertising the property to pet owners can increase your chances of attracting trustworthy applicants. Generally, pet owners want to stay in one place for a longer time.
It's challenging to be accepted to a property that allows pets, so the tenant will likely extend a contract if you permit their pet.
If a tenant is willing to care for an animal, it's also a good indication of their personality. Pet owners that look after small animals are also responsible, and you'll have fewer worries about damage. This is great if you want to ensure that the property is safe during the tenancy.
Downsides of Pets
The downside of allowing pets is that you can risk severe damage to the structure of the building. Pets increase the risk of damage to the floorboards, beds, furniture, and glass windows. Other tenants could also complain about noise levels if there is a large dog or cat.
Odor can also be an issue if the property is not well-ventilated or there is more than one pet on the premises. It's good to assess the risks and ask tenants in other flats if they have problems with pets. Some people have animal allergies, so you want to be safe when exposing others to fur and odors.
If the property is a house and not surrounded by other homes, then there are fewer problems with other tenants. So, it's better to allow pets where you have extra space.
Get Help With Property Management for Pets
As a rental property owner, you must juggle multiple tasks every day, so considering the pros and cons of pets shouldn't be at the top of your list. Deciding to allow pets in a rental property is also about screening for reliable tenants and gathering the right information.
That's where we come in to help you delegate tasks and speed up the paperwork phase. Then, you can fill empty homes and start earning money.
Let us know here what you need help with, and we'll be able to help you match with the perfect tenants.
