Should I Allow Pets In My Rental Property?

[James G.]

Hi BP. Should I allow pets in my rental property? There's three pets so I get an additional $75 per month plus $250 pet security deposit. That make the rental income $925 instead of $850. Thoughts?

[Patrick M.]

I have ripped up flooring to the supports and had to lay down new sub flooring in my 4plex. Animal urine is horrendous- I can’t stress that enough. Carpet will not contain it- in fact it will make it 10x worse.

Maybe if you have vinyl throughout- but just the thought of 3 animals in one of my units makes me shake my head.

Never for me- I will limit my market, just like I don’t rent to smokers. Penny wise pound foolish imho.