It's remarkable that around 70% of Americans own a pet.
The question of whether to accept pets in a rental property often sparks debates among landlords and tenants alike. The issue revolves around the delicate balance between accommodating the needs of pet owners and maintaining the property's integrity.
Are you not sure where you should fall on this debate? Read on to weigh the perks and drawbacks so you can make a comfortable decision.
Perk: Increased Tenant Pool
Welcoming pets can broaden your potential tenant pool a great deal. A pet-friendly policy can attract responsible pet owners who are otherwise suitable tenants.
Drawback: Property Damage
One of the primary concerns landlords have about allowing pets is the potential for property damage. These things can lead to pricey repairs and maintenance:
- Scratched floors
- Chewed furniture
- Accidents
This risk is often cited as a reason to enforce a strict no-pet policy.
Perk: Longer Tenure
Tenants with pets tend to stay longer in a rental property. The emotional distress of trying to hunt for more pet-friendly places encourages people to set down roots. This will lower your turnover and vacancy rates.
Drawback: Noise Complaints
Some of the most important landlord advice is to never ignore noise complaints. Some pets, especially dogs, can be noisy. Barking and other disruptive behaviors may lead to complaints from neighbors.
This causes tensions in the community. It could affect the landlord's relationship with other tenants.
Perk: Pet Deposits and Fees
Implementing a pet-friendly policy doesn't mean landlords have to shoulder extra risks. Landlords can protect their property by charging pet deposits or fees.
These financial incentives act as a safety net for potential damages caused by pets. It offers a compromise between accommodating pet owners and safeguarding the property.
Drawback: Allergies and Liability
Allergies to pet dander can be a serious concern for both landlords and other tenants. Landlords may also face liability issues if a pet were to cause harm to another tenant or visitor. These factors contribute to the argument against pets.
Perk: Tenant Satisfaction
A pet-friendly policy can enhance tenant satisfaction. When tenants are allowed to keep their beloved pets, they're more likely to view the property in a positive way. This leads to a harmonious professional relationship.
Drawback: Difficulty in Property Sale
Selling a property that has a history of housing pets may pose challenges. Some potential buyers might be deterred by concerns about the following:
- Lingering odors
- Damage
- The need for deep cleaning
Support Animals
In the realm of tenant rights, it's crucial to recognize the significance of support animals. These animals serve as support for people with disabilities and are protected by law. Landlords are generally required to make reasonable accommodations for tenants with support animals, even in properties with a no-pet policy.
The Debate on Pets in a Rental Property Is Tricky
The decision to welcome pets in a rental property involves considering both sides of the debate. There are valid concerns, but planning ahead can protect you against potential risks.
Do you need help with rental property management in the Wantagh, New York area? Contact PMI Empire Solutions to discuss our property management solutions. Our goal is to make your job effortless.
