Updated about 3 years ago on . Most recent reply
Cats and Dogs and Pets, Oh My!
Hi Everyone, I hope you are having a wonderful day. Is it worth it to allow pets for rental properties to increase the amount of potential tenants or should I reduce risk of property damage/loud animals and not allow them? This is generally referring to small multifamily properties. Thank you all!
Most Popular Reply
Frequent question here - basically weekly.
Answer #1: No pets ever. They are demons that will destroy the place and you'll never get the urine smell out.
Answer #2: Charge a large pet deposit and pet rent. Tenants are still liable for damage that you can take from their security deposit and you'll make extra rent.
Answer #3: Take all pets otherwise you're excluding over half the renter pool. Charge a higher rent to everyone and advertise you allow pets. You'll get more rent and a much wider selection of potential applicants. Also charge a higher security deposit. FYI, if you say no to pets, those pets magically become an Emotional Support Animal and you'll basically have to accept them anyway, just with less rent and lower security deposit.
The above summarizes the next 25 posts.