Creating a pet-friendly rental property isn’t just about appealing to animal lovers; it’s about tapping into a substantial market of potential tenants who consider their furry friends as family. But, before you start rolling out the welcome mat for Fluffy and Fido, there are a few important steps to take to ensure your property is truly pet-friendly and that you’re covered for any possible chaos that could ensue.
1. Set Clear Pet Policies
First things first, let’s talk about the rules of the house. Are you open to all pets, or is your heart set on cats and dogs only? Maybe you draw the line at reptiles and exotic animals. Whatever your preferences, make them clear from the outset. Establish guidelines around the number of pets allowed, size restrictions, and any breed limitations. Also, consider setting expectations for pet behavior and cleanliness to avoid any surprises down the road.
2. Pet Deposits and Fees
Now, we all know that pets can be a bit like toddlers – they’re adorable, but they can also be a little destructive. This is where pet deposits and fees come into play. Consider charging a refundable pet deposit to cover potential damage. A non-refundable pet fee or monthly pet rent can also be a good way to mitigate the extra wear and tear. And don’t forget to factor in the cost of any potential deep cleaning once your four-legged tenants move out.
3. Pet-Friendly Amenities
Just like humans, pets appreciate a few creature comforts. A fenced yard is a big selling point for dog owners, and offering built-in pet features like pet doors, or designated pet areas can set your property apart. Indoor pets? Think about adding scratch-resistant flooring or providing a space for litter boxes or pet beds. These small touches can make your property more appealing to pet owners and show that you’ve thought about their needs.
4. Insurance Considerations
Before you start rolling out the red carpet for the local animal kingdom, check with your insurance provider. Make sure your policy covers potential pet-related damage and liability issues. Some insurers may have breed restrictions, so it's crucial to be aware of these before you commit to allowing pets.
5. Pet Interviews
It might sound a little over-the-top, but consider meeting the pet before you agree to let them move in. A pet interview can give you a sense of the animal’s temperament and behavior, helping you avoid any potential issues with aggressive or untrained pets. Plus, it gives you a chance to meet the tenant and discuss any concerns or expectations in person.
6. Maintenance and Cleaning
Pets can be messy, so it’s essential to stay on top of maintenance and cleaning. Regularly inspect the property to catch any issues early on, such as pet odors or damage. Providing tenants with pet care tips and encouraging them to maintain cleanliness can go a long way in keeping the property in good shape.
7. The Nesbitt Realty Approach
At Nesbitt Realty, we understand the importance of accommodating pet-loving tenants while protecting your investment. By establishing clear guidelines, offering thoughtful amenities, and ensuring proper maintenance, we help landlords create pet-friendly properties that attract responsible tenants. After all, a happy pet often means a happy tenant, and that’s a win-win for everyone involved.
