Should You Allow Tenants to Have Pets in your Rental Properties?

apartment jobs, apartment careers

Should You Allow Tenants to Have Pets in your Rental Properties?

There are lots of variables to consider when determining whether or not you should rent your property to a particular tenant. A bad credit score can tell you a tenant might not pay rent on time. A messy background check can indicate they’ll miss-treat your property or even be a danger to their neighbors. These are obvious red flags and make it easy to disqualify. But what about a prospective tenant’s four-legged friend? Should you allow tenants to have pets in their rental unit?
Some landlords find that their tenants’ pets can cause more trouble than it’s worth. Others claim that by appealing to a niche market and implementing pet fees, the long-term benefits of allowing pets can outweigh any issues that arise. So, what should you do? Ultimately the choice is yours, but here are some pros and cons to help guide your decision:
Overview – Renters with Pets
Americans love their cats and dogs – According to the Insurance Information Institute, 68% of households in the US own pets, totaling nearly 85 million families.  This percentage is even higher among renters, of which 72% owned a pet in 2014. For the most part, landlords have been reluctant to allow pets in their units. Trulia found that in the 25 largest US markets, only 20% allowed cats and 18% allowed small dogs. Large dogs, on the other hand, were accepted by just 4% of their listings.
Why You Should Allow Tenants to Have Pets
Increase your tenant base – Renters with pets make up a significant p……