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Ross Hayes
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Pet Fees & Any different concerns for cats?

Ross Hayes
Posted

Hello

We are in the process of trying to lease out our second SFH rental property. We have previously had a firm no pet policy. However, we are seeing a lot of interested individuals asking about allowing pets. Our main hesitation is simply that we feel that pets will cause additional damage, odors, etc..

If we were to consider this, what are you currently charging for fees, either one-time or additional monthly fee(s)?

Also, do you give any different considerations for cats versus dogs?


Thanks!

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

I always recommend accepting pets, but you should know how to screen them, monitor them, and have strong policies in place to stop problems early.

You should regularly monitor your market on Zillow, realtor.com, apartments.com, etc. Look at what other landlords are charging for pets and then consider what will work for you. 

Consider requiring a higher standard for pet owners. For example, if your credit score requirement is 640, consider only allowing pets if the tenant has a 700+ score. Require them to have a landlord reference with the pet. You can also limit the number, type, and size of animals to reduce risk. Larger dogs are more likely to dig or chew, but some smaller breeds are more likely to relieve themselves indoors.

Do your research and you can get an idea of what pets are best suited for a rental. Example: https://www.akc.org/dog-breeds/best-dogs-for-apartment-dwell...

Good renters are good pet owners. They will pay more, stay longer, and take responsibility for any problems. Accepting a risky tenant with a pet is a big mistake.

  • Nathan Gesner
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