The Benefits of Renting to Tenants With Pets

Improved Tenant Retention

Pet owners often prefer long-term rentals where they do not have to repeatedly search for new pet-friendly housing. Lower tenant turnover means fewer vacancies and reduced costs associated with advertising, screening new tenants, and preparing the property for new occupants. 

Enhanced Property Appeal

In a competitive rental market, having a pet-friendly property can give your listing a unique edge. Pet owners frequently find it challenging to locate rental options that accept animals, so your property becomes a desirable choice in a niche market. 

This distinct advantage can make your property stand out, attract more interest, and fill vacancies faster than non-pet-friendly alternatives.

Responsible Tenants

Pet owners often demonstrate a high level of responsibility and commitment, both to their pets and their living environment. Many pet owners invest in proper training and care for their animals, which can lead to better behavior and fewer issues related to pets. 

Additionally, tenants who are dedicated to their pets may also show a greater sense of responsibility in maintaining the rental property. Their commitment to keeping their pets happy and healthy often extends to caring for their living space, which can result in fewer maintenance problems and a well-maintained property.

Challenges to Consider

Potential Property Damage

Pets can sometimes cause damage, such as scratches on floors, stains on carpets, or chewed furniture. To mitigate this risk, landlords can require a pet deposit or additional insurance to cover potential damages.

Noise Complaints

Pets, especially dogs, can sometimes be noisy. This noise may result in complaints from nearby residents. Landlords should include clauses in the lease agreement that address noise issues and require tenants to manage their pets' behavior.

Increased Wear and Tear

Pets can contribute to increased wear and tear on a property, leading to more frequent maintenance and repairs. Regular inspections and clear pet policies can help manage this risk.

Insurance Considerations

Some insurance policies may have exclusions or higher premiums for pet-friendly properties. Landlords should review their insurance coverage to ensure it adequately covers pet-related risks.

Legal Responsibilities

Accommodating Service and Emotional Support Animals

Under the Fair Housing Act, landlords must make reasonable accommodations for tenants with disabilities who require service animals or emotional support animals (ESAs). This means landlords can’t deny housing to these tenants based on their need for such animals.

Clear Pet Policy Guidelines 

When establishing a pet policy, landlords should ensure it is clear, consistent, and applied equally to all tenants. The policy should outline any fees, deposits, or restrictions related to pets to avoid potential discrimination claims.

Landlords should avoid discriminating against tenants based on the breed, size, or type of their pets unless there is a direct threat to property or safety. Policies should focus on managing behavior and not on specific characteristics of pets.

How a Property Manager Can Help Manage Pet-Friendly Rentals

A property manager plays a crucial role in effectively managing rental properties that allow pets. One of the primary duties of a property manager is to establish and enforce clear pet policies.

They help landlords craft comprehensive pet agreements that outline the types of pets allowed, any restrictions, and the associated fees or deposits. This clarity helps prevent misunderstandings and ensures that tenants are aware of their responsibilities regarding pet care and property maintenance.

Property managers are also instrumental in screening tenants and their pets. They conduct thorough background checks to assess the suitability of potential renters and their pets, checking for any history of property damage or behavioral issues. 

This preemptive step helps reduce the risk of problems arising during the tenancy. Additionally, property managers handle lease agreements, ensuring that pet policies are legally sound and compliant with Fair Housing Laws.

For landlords looking to incorporate pets into their rental offerings, partnering with a skilled property manager can make a significant difference in achieving successful outcomes.

Bottom Line

Renting to tenants with pets can provide several advantages, including increased rental income and improved tenant retention. However, landlords should be aware of potential risks such as property damage and noise complaints.

It is also essential to remain compliant with Fair Housing Laws to ensure that tenants with service or emotional support animals are treated fairly.

C&C Property Management can assist landlords in managing properties with pet-friendly policies. We can help create clear pet policies, screen tenants effectively, and ensure compliance with legal requirements. 

If you are a landlord considering renting to tenants with pets, contact C&C Property Management to learn how we can support you in making the process smooth and successful.