Are you thinking about allowing renters with pets but you don’t know if this is the right decision to make or not?
As with any issue, there are pros and cons to allowing renters with pets. This is why in this article; we will break down the pros and cons of allowing renters with pets and provide you with insight into this issue.
The Pro’s Of Allowing Renters With Pets
Sixty-seven percent of U.S. households, or about 85 million families, own a pet, according to the 2019-2020 National Pet Owners Survey conducted by the American Pet Products Association (APPA). This is up from 56 percent of U.S. households in 1988, the first year the survey was conducted.
With this statistic in mind, it should be easy for you to see that there are more families out there with pets than there are without.
When you turn your rental into a pet-friendly property, you’re going to have the ability to market that property to a larger tenant pool and there are a wide variety of other benefits as well including:
- Pet owners often stay in a property longer than no pet owners.
- They are responsible tenants who take care of their animals and rental properties.
- You can charge pet owners a pet deposit and monthly pet rent.
- People who own pets are often happy, stress-free individuals who don’t cause problems for other tenants.
- Allowing pets will eliminate the threat of tenants trying to have a pet live in their rental property without your approval.
The Cons Of Allowing Renters With Pets
Even though there are a lot of positives about allowing renters with pets, there are some cons including the following:
- Some breeds can be aggressive and damage property.
- There is some liability risk due to injuries from pets.
- Pet owners can be difficult to eliminate from a rental property.
Obviously, like anything, these cons can be remedied especially if you focus on doing a complete background check on your prospective tenant, make sure you’re knowledgeable about the breed of pet that they choose, and confirm that your tenant has renters and liability insurance should their pet injure someone else while they are at your rental property.
Contact JD Homes
For more information about the pros and cons of allowing renters with pets, or to speak with us about the property management services that we can offer you, contact us today by calling (770) 506-2630 or click here to connect with us online.
