I am a dog owner and I can’t imagine living anywhere without my four legged kids. I am also an owner of residential rental property and I know there are tenants that allow their pets to damage their rental making more owners rethink allowing pets.
After these irresponsible pet owners move, It is not uncommon to discover urine soaked carpets, woodwork that has been clawed or chewed and lawns destroyed by pets. This damage is costly and can increase the time it takes to re-rent the property.
However, 72% of renters currently own pets according to the Humane Society so not allowing pets may make it harder to find a tenant.
I have pet friendly rentals as well as rentals where no pets are allowed. I consider the age and type of the floor coverings and whether there have been pets in the property previously or if this is brand new remodel. Chances are if everything is new, I’m going to say no to pets. If there are hard surfaces (not hardwood, but tile or vinyl) and not a lot of carpet, then I’m more likely to accept 1 or 2 small pets with a pet deposit or higher rent.
You may consider limiting the number, size and breed of the pets you allow. Check with your insurance provider to see what your liability insurance states about pets.
It is acceptable to charge a fair pet deposit in addition to the security deposit or some owners opt for higher rent. Renters should be made aware of these extra charges up front and will not usually have a problem paying as long as the fees are reasonable.
Consider the pet parents closely and if they are able to care for the pet. Were they upfront about the size, age and breed? Do they have updated shots, have they been neutered or spayed? Get references from a current landlords and see if they have inspected the property lately, ask specifically about pet damage.
Make sure your lease addresses pets or have a separate Pet Addendum that details specific rules for keeping a pet. My pet addendum states that if the pet and security deposit does not cover the damage, the tenant will pay for excessive damages.
This does not apply to Service Animals since the ADA does not consider these animals as pets and cannot be excluded.
Allowing pets is ultimately the decision of the owner and one that should not be entered into lightly.