Every landlord wants to make their property available to as many prospective tenants as possible. You also want to make it appealing, and encourage people to stay. What's the catch?
Allowing pets will do all of these things! But it does come with some drawbacks. Should you allow pets in your Phoenix rental?
Let's take a quick look at the pros and cons of allowing pets in a rental property.
The Advantages of Allowing Pets
People love their pets. A staggering 76% of US households own a pet. This brings the question of whether to allow pets in a rental property or not into focus.
Clearly, if you allow them, you open your property to far more potential tenants. Pet owners in Arizona will not part with their pets to secure a property. They'll just keep looking until they find one that will allow pets.
And that also means that you may be able to charge a premium. It's good to consult with Phoenix property experts on this. They will be able to advise whether allowing pets in a rental property can bump up the rent locally.
Another advantage of a pet-friendly lease is that pet owners appreciate it. They know it won't be easy for them to find another. This makes them more inclined to stay for longer.
The Disadvantages of Allowing Pets
An obvious disadvantage of pets in a rental property is damage. Some pets can be destructive by nature. You could face claw marks on baseboards and doors, even a dug-up garden.
Let's face it, pets are also prone to having accidents indoors. While these can usually be cleaned up with minimal damage, they can cause serious damage to hardwoods and carpets.
There are also the neighbors to consider. Pets, especially dogs, can be loud. Barking can make the neighbor's life difficult, and these problems could end up at your door.
Making the Right Decision
Choosing whether to allow pets in rentals is not an easy choice. Of course, many pet owners are excellent tenants. They take responsibility for their pets and take good care of the property.
If you do decide to allow pets in a rental property, the key is proper tenant screening. If you are new to property letting, this can be tricky. It's hard to know what questions to ask to make sure you're getting someone responsible.
This is why it's a great idea to work with a Phoenix rental property management company. They know the local area, and whether there is a high demand for properties that allow pets. They are also experienced at screening tenants with pets.
The Verdict on Pets in a Rental Property
If you choose to have pets in a rental property, you will undoubtedly make it appealing to many more tenants. You may be able to charge a higher rent. However, you need to balance this with the potential complications of renting to pet owners.
At Home River Group Phoenix, we have years of experience in successfully managing properties for owners. We can advise on the right choice in the Phoenix market.
Contact us today for more information about property management.