Protecting Myself Against Pets

[Joe Conklin]

For a background, I have a condo to rent which there are residents below and above.  Getting a qualified tenant in the unit has taken longer than expected and I have decided to accept one pet.  My initial thought is to accept one cat or smaller dog that's under 15 lbs.

The reasons I think that accepting one pet makes sense:  I'll get a 1.5x security deposit, charge a pet fee per month, and also get a non-refundable pet fee if possible.  I have to check the rules in NJ, but basically get the maximum amount of money I can collect.  I also believe I can get a higher quality tenant as accepting pets is a niche.  Also, will lawfully hold tenant accountable for all pet damage.

1. In a condo, I'm afraid of noise complaints from a barking dog.  How do I protect myself against this?  

Looking for something else than "don't accept dogs" although that may be the answer. For example: I'm allowed to cancel the lease early if there are complaints that comes from the HOA based on the animal etc.

 2. What are some requirements that I should have when it comes to cats & dogs?

Cats - sprayed & should they be de-clawed?  De-clawing necessary?

Dogs - under 15 pounds and must be neutered?  

3. Possible to make a tenant responsible for all floors and damage caused by animal?

In my last turnover I replaced carpets in both bedrooms for $650 and kitchen vinyl line for $500 because they were old.  This isn't much considering I'm collecting $1950 as a security deposit and additional pet rent every month. So if their pet ruins the carpet etc, they have to pay.

So strategy is collect as much as possible and make tenants responsible for everything.  Let me know if there are other things I should be considering here or have advice.  Thanks!