Putting together a rental property pet policy for your Atlanta, GA investment is necessary to ensure you have a large pool of tenants while protecting your home. A lot of prospective tenants have dogs and cats, and they aren’t going to consider a property that doesn’t welcome pets. So, it’s a good idea to allow them, but you should make sure your pet policy protects you and explicitly states what the tenants will need to do when they move in with animals.
Qualifying Pet Owners
When you allow pets in your home, you not only increase your tenant pool, you also find tenants who are financially secure. Many pet owners are willing to pay more rent and are comfortable with higher deposits. So, you can collect more money with a tenant who has pets than you would with a tenant who doesn’t have pets.
Potential Pet Damage
It’s always possible that pets will cause damage to your property. This is unlikely, especially if you have screened your tenant well and you know that the pet is trained to behave or spends most of its time outdoors. There can be damage if a pet is not trained and chews carpets, scratches at floors, and leaves behind odors that are nearly impossible to eliminate. Your landscaping can also be at risk if a pet digs holes or destroys grass.
Creating Pet Restrictions
You can be welcoming to pets but enforce restrictions. For example, you don’t want to permit dangerous breeds of dogs. You can limit the size and age of any animals. Maybe you can say that only dogs under 50 pounds and cats that are at least five years old are allowed. Ask for a pet deposit or a pet fee. If your tenant has multiple pets, make sure you collect a deposit or a fee for each animal. That will give you more peace of mind if the amount of damage left behind is extreme.
Allowing pets makes financial sense, just make sure you have a reliable pet policy in place. If you have any questions about this, contact Atlantic Property Management.