Fins, Fur and Fangs: Landlord Tips for Tenants with Pets
If you have ever owned pets, you know how much they can enrich your life by providing companionship and comfort. However, owning a pet yourself and renting to tenants with pets are two entirely different things. When you own a rental property, you want to ensure your tenants take good care of it on your behalf, but pets aren't known for their neat and tidy ways.
Deciding whether to allow pets in your rental properties is a difficult choice. On the one hand, you want to keep your tenants happy and open your property to a wider potential tenant pool. On the other, you want to protect your property from damage, which will eat into your profits with repair costs. If you're not sure how to handle things, here are some tips to help manage tenants with pets the right way.
Choosing Which Pets to Allow
You don't have to give out a blanket approval for all types and sizes of pets. You can specify what you will permit. For example, you could choose to allow:
- Small dogs under 15 kilos or 33 pounds.
- Domestic cats.
- Small animals, like mice, guinea pigs and rabbits.
You might choose not to allow:
- Dogs over 15 kilos or 33 pounds.
- Specific dog breeds.
- Birds and exotic animals.
- Aquarium fish or turtles.
Before giving a tenant final approval to move in, you can request to see the pet in person to verify that it is the size and breed the tenants say it is.
Tenants with pets come with their own set of complications that can affect other residents. For example, a prospective tenant who is severely allergic to cats may not be comfortable living next-door to a cat owner. In this case, you would likely need to find a different unit for the potential renter or risk losing them. In another scenario, a tenant's bird could squawk in the middle of the night, keeping neighbours awake.
Try to think of as many possible scenarios as you can that relate to the pets you choose to allow. Then, come up with a plan for how you will approach each problem. The more prepared you are, the more easily you'll handle any issues as they arise.
Welcoming Furry Friends
Your tenants will love that you have chosen to let their fur babies join them at your property. When tenants handle them properly, allowing pets can be a great way to increase tenant satisfaction. With careful tenant screening and detailed pet policies in place, you can make the most of providing this added flexibility for your tenants.