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Updated 2 months ago on . Most recent reply

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Kevin Duong
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Considerations for house hacking with pets

Kevin Duong
Posted

I'm currently house hacking with a mid term rental strategy and considering renting out two rooms in my property to a single tenant. The property is a 3 bedroom, 2.5 bathroom townhouse. My girlfriend and I occupy one of the bedrooms in the home. 

We're contemplating allowing pets, as there will be no other roommates besides us and we don't have any allergies.

Questions:

- Considerations for Allowing Pets: What factors should I take into account when renting to tenants with pets?

- Commonly Allowed Pets: Which types of pets do landlords typically permit in rental properties?

- Pet Policies and Agreements: What are the best practices for creating pet policies and agreements to protect my property?

- Insurance Implications: How might allowing pets affect my homeowner's insurance, and what steps should I take to ensure proper coverage?

- Legal and Regulatory Concerns: Are there any local laws or regulations in Fredericksburg, Virginia, that I should be aware of regarding pets in rental properties?

- Tenant Screening for Pet Owners: What criteria should I use when screening potential tenants who have pets?

    I appreciate any insights or experiences fellow investors can share on managing rentals with pet-friendly policies.

    Most Popular Reply

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    Jonathan Greene
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    • Real Estate Consultant
    • Mendham, NJ
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    Jonathan Greene
    Professional Services
    Pro Member
    #5 Starting Out Contributor
    • Real Estate Consultant
    • Mendham, NJ
    Replied

    Doing MTR inside of your own house is not something I think trends that well. I know people who do STR in their house, but it's as private as possible. I think you can accomplish it, but you would want to check the inventory in the area for MTR because most MTR will want to stay privately. @Jamie Banks may be able to help - do you know anyone who does MTR in the same house?

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