Should I have a pet friendly rental home?
Many property owners have a hard time deciding whether or not to allow pets in their home or investment property when it comes time to draft a lease with their property management company. There are pros and cons to having a pet-friendly rental home, which can make the property more or less profitable—we’ll start with the negatives.
The Cons of a Pet-Friendly Rental Home
The biggest downside to having a pet-friendly rental home is the potential for pet damage, such as:
- Stained carpets
- Ripped up carpets
- Scratched or chewed vinyl flooring or hardwood
- Scratched or chewed fixtures, including door frames, cabinets, walls and more
These kinds of damages can be costly to the property owner, but when you don’t have a pet-friendly rental home, most pet owners will completely overlook your property. In their eyes, their pet is a part of their family and is not going anywhere. In fact, a common concern among non-pet-friendly rental homes is that the tenant will claim to have no pets on the lease agreement and then bring them anyway—this can be even worse because now you don’t have a pet deposit to cover damages.
The Pros of a Pet-Friendly Rental Home
Even though the threat of potential property damage is high with a pet-friendly rental home, there are a lot of benefits:
- You won’t miss out on pet owners as potential renters—so many people own pets that you can be shutting the door to a large market of tenants simply because you won’t allow pets
- You can charge for pets—this includes pet deposits, monthly pet fees and charging for any repairs due to pet damage that aren’t covered by the deposit
Many property owners are choosing to have a pet-friendly rental home given the high number of applicants with pets. It’s an excellent opportunity to reach out to more potential renters, but in the end, it comes down to your own personal preference as to whether or not you’ll allow pets in your property.
If you want to learn more about having a pet-friendly rental home, contact Coakley Realty today!
FIND THE PROPERTY YOU NEED.PROPERTY SEARCH
CONTACT US TODAY
Featured Real Estate Listings
- Residential 9476 Newbridge Dr,
Potomac, MD 20854
ENTERTAINER'S DELIGHT! Stunning 2 acre lot located in sought after Falconhurst. Spectacular, private yard features newly renovated pool, pool house w/ FB, tennis courts & beautiful sun filled patio. Enjoy the spacious kitchen, formal living & dining rooms,1st floor office, fin bsmt, storage & 3 car garage. Two story family room features over sized windows & offers scenic views of the backyard.VIEW LISTING
- Residential 23400 Woodfield Rd,
Gaithersburg, MD 20882
Mitchell & Best Home on gorgeous 2+ acre lot in Watkins Preserve - a subdision offering 5 additional lots! 5,700 SF (3,934 fin above grade) incl. 4 bdrms, 3.5 baths, 2 car gar, & a full W/O bsmt. 1st fl features office, formal liv& dining rms, gourmet kitchen w/ cntr island, brkfast area & lg family rm w/ FP. Enjoy the gorgeous sunset views from the spacious deck!VIEW LISTING
- Lot 11013 Riverwood Dr,
Rockville, MD 20854
GORGEOUS 2+ acre lot in heart of Potomac. At the end of prestigious Riverwood Drive, this lot is on a cul de sac. Public water & sewer & gas available. Enjoy all that Potomac has to offer: Potomac Village features shops, restaurants, supermarkets, Starbucks and more! Outdoor enthusiasts will love Swains Lock & Great Falls Park. Country Clubs, equestrian facilities,& sought after schools nearby.VIEW LISTING