Almost 70 percent of renters own a pet. Finding pet-friendly accommodations can be difficult, as most rentals have strict breed and weight restrictions. However, allowing pets is a great way to expand your applicant pool. Not only do tenants take better care of their pets, but Landlords can also generate more rental income. Listed below are the main benefits of allowing pets in apartments. Listed below are some of the main reasons tenants love to rent from pet-friendly landlords.
Renting to people with pets is a “win-win” situation
Allowing tenants to own pets can boost rent revenue and tenant pools, while also increasing your market size. However, there are some important considerations before you consider allowing renters to own pets on your property. Listed below are some of the benefits and disadvantages of allowing tenants to have pets in your rental property. Read on to learn more about these benefits and disadvantages. Once you’ve decided to allow tenants to bring their pets, here are a few things to consider before you leap.
First, be prepared to meet prospective tenants. Make sure to bring up references to prove that you are a responsible pet owner. Ask for references from former landlords and renters to make sure you’re a good candidate. Don’t be afraid to suggest that a pet deposit will help cover the cost of veterinary bills and other costs, and don’t be shy about talking about how much your pet will contribute to the monthly rental bill.
Second, consider the type of pets. If you allow pets, consider the size and breed. Some leases only allow dogs under twenty pounds, while others don’t allow any type of animal. You may also want to know if your area has any laws against certain breeds or exotic pets. If you don’t feel comfortable with your tenant’s pets, you can increase your security deposit, or offer them a full refund.
Tenants take better care of their pets
A pet-friendly apartment community is an attractive option for those who are unable to find other housing for themselves but do not want to abandon their pets. Pet-friendly apartment communities often have stricter pet-owner expectations. Some may not allow loud barking or other rowdy behavior. Others may require spaying and neutering pets before allowing them. Pet-friendly apartment communities may also charge a pet deposit or require a recurring pet fee. In addition, the rules for pet ownership are detailed and include rules for what is not acceptable behavior in the apartment’s common areas.
The owner of a pet-friendly apartment community should be aware of the health needs of the animal, as well as the needs of the other tenants. This is especially true for pets that do not interact with other animals, such as cats and dogs. Moreover, pet owners should contact a new veterinarian as soon as possible to maintain continuity of care for their animals. Pet owners must also ensure that their pets have the appropriate shots and licenses required in the area.
If the apartment building does not have a pet policy, tenants can always ask their landlord to amend their lease to allow their animals. Most apartment buildings require that pets are kept on leashes, but some prohibit them in amenity areas. Pet owners must clean up after their pets, keep them well-groomed, and respond to complaints about excessive noise, aggressive behavior, and more. Generally, tenants who have pets have fewer complaints.
Landlords get more rental income
It is estimated that nearly 70% of renters own a pet. This fact has many positive effects on landlords. Pet-friendly apartments for rent in San Diego attract more tenants, lower vacancies, and increase rental incomes year-round. And because the millennial generation favors pets over children, landlords are more likely to have repeat renters with pets. And companies are starting to apply this trick. Read on to find out how pet-friendly apartments can improve your bottom line!
Renters who have pets will pay more for rent. As long as the property is clean and sanitary, landlords will see an increase in rental income. A pet deposit is similar to that of a refundable tenant deposit, but it typically ranges from $200 to $500. In Seattle, the amount can’t exceed 25% of a month’s rent. However, before setting the amount of the pet deposit, make sure it’s competitive with average rents and is allowed by landlord-tenant laws.
A pet deposit may not be enough to keep pets away from the unit. Pet rent can add up to significant amounts, depending on the number of pets a tenant brings to the unit. But pet rent is a great way to generate additional rental income. While some tenants may sneak in their pets, landlords should always ask ahead. Getting upfront information about the status of a pet is essential so they can assess the level of risk of damage. In the meantime, some tenants may leave the apartment because of noise, allergies, or other reasons, and you’ll be held liable for any damages caused by the pet.