Are you considering allowing pets in a rental property you own? This decision could open up a new world of opportunities for you as a property owner. Did you know that around 12% of pet owners have a pet bird, making it the third most popular pet in the U.S.?
Making your rental property pet-friendly can attract a wider pool of potential tenants. Many are responsible pet owners looking for a welcoming home for their furry, feathered, or scaly friends. Furthermore, pet owners often prove to be reliable and stable tenants.
But how can you ensure your property is protected? Keep reading to discover actionable tips on how to make your Portland, OR, rental property pet-friendly and attract these ideal tenants!
The Importance of Including a Pet Clause
Including a pet clause in the lease agreement is crucial for landlords who want to make their rental pet-friendly. This clause is not just a formality but a powerful tool that can help you maintain control over your property while being pet-friendly. It clearly outlines the landlord's expectations regarding pets in a rental property.
It helps to set boundaries on the types and number of pets allowed. It also ensures the tenant understands their duty to maintain the property and manage their pet's behavior.
Setting a Pet Deposit or Fee
Implementing a pet deposit can offer a layer of financial protection when making your rental property pet-friendly. Pets can sometimes cause unexpected damages, such as scratched floors or stained carpets, which can be costly to repair. Requiring this deposit ensures funds are set aside for potential damages.
For example, a typical pet deposit in Portland, OR, might be around $200 to $500 per pet. However, this amount can vary depending on the property and the type of pet. By clearly stating the pet deposit in your rental agreement, you set clear expectations with your tenants and protect your investment.
- Important Note: According to the Federal Fair Housing Act (FHA), you cannot charge a pet deposit for service animals
Consider Limiting Breeds or Sizes
Limiting pet breeds or sizes when making a rental property pet-friendly can help ensure the pets are manageable within the space. This can reduce potential property damage.
Landlords might exclude breeds such as Great Danes, Saint Bernards, or Mastiffs due to their substantial size and space requirements. High-energy breeds like Border Collies or Jack Russell Terriers, which need plenty of exercise and mental stimulation, might also be excluded. Additionally, breeds with reputations for aggression, such as Pit Bulls or Rottweilers, might be limited to ensure the safety and comfort of all tenants.
Pets in a Rental Property: Balancing Tenant Needs
Offering a pet-friendly rental in Portland, OR, can be rewarding for landlords. By understanding pet owners' needs, implementing clear guidelines, and taking necessary precautions, you can attract responsible tenants and minimize potential risks.
Are you considering allowing pets in a rental property? Kerr Properties Inc. is here to help you make the best decision for your rental.
Our resident screening process ensures you find the best tenant, creating a stress-free and positive experience. Contact us today for expert advice on allowing pets in your rental property and to ensure you make the right choice for your investment.
