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Updated over 6 years ago on . Most recent reply
Smoking and Pets...YES OR NO?
Without being to terrible cynical here, I understand the demographic of what a renter is. Of course there are wonderful renters out there, and there are terrible renters out there too. The middle course or group, I think I have pegged pretty well.
All of my rentals will not have carpet, I will take care of that unless I have no other choice.
I have all of the supplies and means for painting between tenants, so this begs the question.
Do you allow smoking, do you not allow smoking, do you charge for smoking, or do you care?
Where I live you can still smoke in most bars.
I'm curious peoples thoughts.
Also, with pets, same deal. Only as this is a more common charge, do you charge monthly, or in a lump, or both.
Trying to think of ways to increase the monthly cash flow when I near a rent cap.
Most Popular Reply
I've personally never had an issue with pets and have always let them. Technically, I've made out better with them because I collect a $350 non-refundable pet deposit and I don't believe I've ever had to fix or replace any pet related damage (~7 of 10 tenants I've had). I've also begun to put in more pet/kid friendly flooring (vinyl, tile) to make it even less of a concern. As @Nathan Gesner stated, you're also greatly reducing your candidate pool. My personal experience I've had more applicants with pets than without. I'd take a tenant with a high credit score and a dog over a non-pet owner and an average credit score any day. Not a perfect analysis, but it seems like responsible owners tend to have better behaved pets.
As far as smoking, I've walked into enough smoker's homes and suffered through the smell and the yellowed molding enough to never want that in a property I own,. Especially knowing it can still linger when trying to get a new tenant in there. At the very least I'd put in the lease they can't smoke inside with a good way to enforce it.