Should Landlords Allow Pets? Key Policies and Smart Tips

Did you know that Gen Z and millennials make up a large part of the rental market and…

Did you know that Gen Z and millennials make up a large part of the rental market and the highest percentage of pet owners? With this in mind, accommodating pets can increase your target pool and grow your investment. However, there are still several factors to consider, as there are numerous ways to handle pets in rental properties. At 3 Options Realty, we believe that protecting your property while attracting quality tenants is key to a successful real estate venture. Our highly trained and licensed property managers are up-to-date on the latest landlord-tenant laws, ensuring tenants and their furry friends thrive.

Should Pets Be Allowed in Rentals?

As a landlord, considering the target demographic of your rental units is crucial. If your property caters to younger people or families, allowing pets can make a big difference. However, it’s important to research thoroughly to determine if pets are prohibited and whether your client pool comprises pet owners. A pet-friendly area could be profitable if you allow tenants to move in with their furry friends.

When it comes to pet ownership in rental properties, setting clear rules is vital in preventing frustrations and inconveniences down the line. With that said, establishing a policy that covers noise, property damage, and waste disposal can help tenants understand the consequences of violating their lease agreements.

Charging Extra Rent

Sometimes, you don’t have to ban pets from your rental, but profit from them. Charging extra rent for tenants with pets is a common practice that helps landlords and property managers offset the wear and tear pets can cause. The main challenge with this strategy is setting rates that tenants with pets can find suitable. If you don’t want to overcharge tenants or drive them away, research the local rental market to identify comparable units and costs. Additionally, calculate how much it would cost to repair any damage, as this helps determine how much more rent to add.

Our Services

Our Guarantee

3 Options Realty is committed to providing Georgia's best property management services. But in the unlikely event that a landlord…
Read More
Eviction Protection

A dream tenant on move-in day can turn into an eviction case six months later. Missed rent, damage to your property,…
Read More
Property Management

Are you struggling to maintain multiple rental properties? Have you recently purchased your first real estate investment, but are feeling overwhelmed…
Read More
The 3 Options Realty Difference

Most property management companies are designed around the departmental organizational structure. 3 Options Realty is much different and there are…
Read More

The general rule of thumb in the rental industry is that pet rent should be 1%-3% of the monthly rent. Remember, some jurisdictions have laws that limit the amount landlords should charge for pets, so thoroughly research and adhere to these regulations to avoid costly fines and legal complications. If the pet rent doesn’t cover the damage, combining rent with other fees might be the best course of action.

Requiring a Pet Deposit

When signing lease agreements, including a pet deposit can provide an extra layer of protection against potential wear and tear caused by pets. A pet deposit not only covers cleaning but also repairs after a move-out. It’s crucial to differentiate between a standard security deposit and a pet deposit to ensure the tenant is protected if no pet damage occurs.

Prospective tenants may opt to more for their pets when they know it could be refunded. Also, some jurisdictions impose restrictions on the security deposit that landlords and property managers charge, hence the need to familiarize yourself with the law. A reputable property management company in Marietta, GA works with legal professionals, ensuring compliance without compromising the bottom line.

Enforcing Pet Policies

Once you establish clear policies, enforcing them is key to maintaining a harmonious environment for tenants. Routine property checks can also help identify pet-related issues before they escalate into bigger problems. If a tenant violates set policies, address the situation quickly and follow the protocols outlined in the lease agreement.

In the case of uncooperative tenants or severe disturbance by pets, an eviction may be necessary as a last resort. Consult a legal professional or a higher property management company to avoid potential legal issues.

Contact 3 Options Realty to book an appointment with our experts and learn more effective strategies to grow your investment. We provide comprehensive property management services, ensuring the pet owners you rent to are responsible.