When it comes to renting out a property, there’s one big concern you need to weigh up the pros and cons on. Whether or not you allow pets in your property makes a huge difference to the number of people you can rent to, but can prove costly and a hassle if you’re unlucky. It really depends on your property type, and what kind of tenant you’re looking to attract.
Tenants having pets can be problematic for other tenants on the property too, if you’re not careful and you have a lot of flats close together. Allergens, noise pollution and property damage are all risks, but the ability to rent the property out easier, as well as a different kind of tenant can more than make up for that, if you’ve got the right style of property for pet owners. Some properties are perfect for renting out to pet owners, whereas with many, you’re really just asking for trouble and hassle.
The biggest benefit of renting to pet owners is that you’re now in the minority of landlords, and will enjoy having plenty of choice when it comes to tenants. It essentially makes renting out the property much easier, and as we all know, having an empty property is much more costly than some dog hair on the couch.
Another great aspect is the fact that your tenants will be happier. Pets are a loved and necessary part to many families, and the ability to keep them around because of you will definitely count in your favour, and having tenants that like you is always going to make things go a lot smoother. When it comes to regularly getting money off of people, and trusting them to look after your property, them liking you is a very useful thing.
The other point well worth mentioning is that tenants with pets are often going to be more responsible. Pets are a huge commitment, and while you do get those who don’t properly look after their dogs or cats, the vast majority set aside a chunk of their earnings and time to provide for and look after an animal, and that says volumes about their maturity and responsibility, which can be very reassuring. Knowing you’ve got reliable, responsible tenants is always going to be a great thing, and allowing pets is a great potential way to cultivate that.
However, that’s not to say there isn’t a very clear downside to allowing pets. Dogs and cats can destroy carpets and furniture. Bigger dogs can sometimes scratch up laminate and wooden flooring with their claws, and both cats and dogs sharpen their claws and chew furniture and carpets, which can necessitate eventual replacements. Even when you get the claws trimmed, or other ‘solutions’, you’re just slowing down the problem, because you cannot change an animals nature.
Another problem with cats and dogs is the general grubbiness they bring with them. Cats are generally considered better than dogs, both of them leave fur everywhere, and if you’ve got young animals you can often experience the odd accident when it comes to pets, where they sometimes forget to ask to go outside!
Both dogs and cats leave allergens everywhere too. This probably won’t be bad for the actual owners, because after all, they own the animal, but for other residents, suddenly sneezing all the time with watery eyes and itchy throats, it’s not a great proposition. Obviously, this isn’t an issue if your rental property isn’t too cramped together, but for smaller flats, it could be an issue.
Dogs also can make a lot of noise, which if you live somewhere suburban, or with thin walls can be extremely stressful and irritating, prompting a lot of hassle and complaints for the landlord. Again, it comes down to the type of property you’re renting out.