As a landlord in Pittsburgh, deciding whether to allow pets in your rental property is a significant choice that can impact your rental business. Many pet owners are seeking pet-friendly rentals, and by opening your property to tenants with pets, you can increase your pool of potential tenants.
However, this decision also comes with responsibilities, risks, and legal considerations. DeSantis Property Management is here to guide you through the key factors to address when allowing pets in your rental property.
Why Consider Allowing Pets in Your Rental Property?
With over 70% of households in the U.S. owning at least one pet, pet-friendly rentals are in high demand. Accepting pets in your rental unit can attract responsible tenants and help minimize vacancy rates.
Offering rentals with pets allowed may also increase rental income, as many pet owners are willing to pay additional fees, such as pet rent or a pet deposit.
However, before you decide to allow pets, it’s crucial to weigh the pros and cons.
Pros of Allowing Pets in Rental Properties
Increased Tenant Pool: Many pet owners struggle to find pet-friendly properties, giving your rental unit a competitive edge.
Higher Rental Income: Charging pet rent, a non-refundable pet fee, or an additional pet deposit can help offset potential risks.
Long-Term Tenants: Responsible tenants with pets are more likely to stay in one place, reducing turnover and vacancy rates.
Cons of Allowing Pets in Rental Properties
Potential Pet Damage: Pet accidents, scratching, or chewing may cause property damage.
Allergy Concerns: Pet hair and dander can pose issues for other tenants in multi-unit buildings.
Noise Complaints: Pets, especially certain dog breeds, may lead to noise disturbances if not properly trained.
Setting Clear Rules for Pet Owners in Pittsburgh Rentals
If you decide to allow pets, establishing a comprehensive pet policy is essential to protect your property and address potential issues.
Include a Pet Addendum in the Lease Agreement: Clearly outline your pet policy, including breed restrictions, the number of pets allowed, and any size limits.
Charge Pet Rent and Fees: Consider requiring a non-refundable pet fee or a monthly fee to cover potential pet-related property damage. An additional pet deposit, either refundable or non-refundable, can also offer financial protection.
Screen Tenants and Their Pets: Conduct a pet interview to evaluate the pet’s behavior and ensure the pet is properly licensed and trained.
Require Renters Insurance: Tenants should carry adequate renters insurance that covers liability for their pet, including dog bites or other accidents.
Follow Local Housing Laws: Familiarize yourself with state and local laws regarding service animals and emotional support animals, which must be accommodated under the law.
Minimizing Risks Associated with Pets in Rentals
To maintain a balance between being pet-friendly and protecting your property, take proactive measures:
Inspect the Property Regularly: Give tenants reasonable notice and perform periodic property inspections.
Enforce Pet Policies: Require tenants to clean up pet waste, maintain litter boxes, and address pet behavior promptly.
Communicate with Other Tenants: Ensure that pets don’t interfere with the comfort of other tenants.
Should You Allow Pets in Your Rental Property?
Deciding whether to allow tenant's pets in your rental property depends on your goals as a property owner and your ability to manage potential risks.
While pets can bring challenges like pet damage and noise, a well-crafted pet policy can mitigate these issues and help you tap into Pittsburgh’s rental market of responsible pet owners.
DeSantis Property Management specializes in assisting Pittsburgh landlords with rental property management, including creating pet policies and screening tenants with pets.
Contact us today to learn more about how we can help you make the best decisions for your rental business.
