Renting with a dog or another pet can be difficult. Many properties have pet policies preventing people with pets from renting. However, pet ownership has grown substantially during the pandemic, with the American Pets Product Association finding that pet ownership rose to 70% in 2021. That means around 90.5 million homes across America have pets!
Learn more about making their properties pet-friendly homes and having good pet policies in place. Doing so can open them up to a larger renting market.
The pandemic has dramatically impacted how we work, socialize and spend our money. Pet ownership has also seen many changes during this time. Many Americans decided to get pets to ease the loneliness of working from home, help them achieve their fitness goals or because they finally had the time to train their chosen pet.
The American Society for the Prevention of Cruelty to Animals (ASPCA) says that more than 23 million American households adopted a pet during the pandemic. That is nearly one in five households nationwide. A Forbes Advisor survey from early 2022 claims that 78% of pet owners acquired pets during the pandemic.
And pet owners are willing to spend on the new additions to their households. In 2021, American pet parents spent $21.4 billion on pet products that were not medically necessary and another $28.4 billion on dog food.
As a pet owner, finding a new home to rent comes with a few extra steps. Here are a few tips for renting with a dog or other pet:
A pet policy can open your rental properties up to a bigger renting market. When creating a pet policy, you must be aware of the laws about renting with pets. The Fair Housing Act states that landlords cannot refuse reasonable accommodations for service animals in properties unless there is a danger to the animal, the tenant, the property or the other tenants.
Here are five things to consider when creating your pet policy:
The best place to start is to figure out what pets you will allow. Cats, dogs, reptiles, birds, ferrets and more are popular with renters of all ages. But each comes with its own set of pros and cons. Research the potential impact of different pets on your property and the neighborhood to help you decide. Also, take into consideration the breeds of pets. If you own apartments that allow dogs, will you place restrictions on certain breeds or sizes?
Pick how many pets you will allow on your property. Bear in mind with exotic pets such as fish, limiting to one or two might be unreasonable. Have clear limits for different types of pets depending on the size of your property, the potential damage caused by multiple pets and the best practices for different animals.
Decide how much more you will charge for pet-friendly rentals, if you will charge a higher pet security deposit and if you will charge a once-off pet fee. These amounts can change depending on the number of pets. For example, rent might be an extra $25 a month for one pet but an additional $40 for two.
Make pet screening part of your policy. Only pets you have met or approve of can live in your rental units. It will give you time to get to know your potential tenant better and evaluate their pet. Make referrals from previous landlords a requirement where possible. Ask questions such as how long the tenant has had the dog. Where did they buy or adopt them? Who will look after the pet if your tenant is away? The answers will give you a better understanding of your tenant and their pet.
It is wonderful to allow pets on your property, but tenants must take care of them. Have a clause that states tenants are responsible for their pets' actions. Tenants need to clean up after their pets, ensure they don't disrupt neighbors, are adequately contained and are not allowed to escape. This also includes ensuring pets are vaccinated, spayed or neutered and tagged accordingly. Ask for proof and decide if you require tenants to take out renters or pet insurance.
If you have decided to allow pets, you can make your property more appealing to pet owners with the following ideas:
There is a lot to remember when it comes to pet-friendly renting. American Heritage Property Management has been helping tenants and landlords for over 40 years. Our experienced team of property managers knows the tenant laws regarding pets in Pennsylvania and Maryland and has helped numerous landlords develop pet rental rules. For tenants, we have over 3,000 properties to choose from, including several pet-friendly options.
Landlords can benefit from our expert tenant screening and selection process, making it easier for you to choose which pets are allowed on your property.
Consult with APHM today for exceptional property management services.