There are many people who own pets and this number only seems to be rising. In addition, more businesses seem to becoming more pet-friendly, as well. When you prohibit pets on your property, it is likely that you are limiting your potential pool of tenants. Not only will allowing pets decrease the likelihood of vacancies, but it will also allow you to charge more rent and improve the satisfaction of your tenants. Here are some things that you can (and should) consider regarding applicants with pets.

1. Ask for References 

Past information will help to determine how the applicant may behave as a tenant. In general, responsible tenants are also responsible pet owners. However, speaking with past landlords can help you determine if there have been any previous issues with the pet.

2. Ask if the Pet has been Spayed or Neutered

You should implement a policy requiring pets to be spayed or neutered. Pets that have been fixed will likely be less aggressive and destructive. This can go a long way toward protecting your property if you allow pets.

3. Ask About Past Behavior of the Pet

Many people prohibit specific breeds from living on their property. However, these cases are often more nurture than nature. Pets will behave differently based on how they have been raised, rather than based on their specific breed.

4. Keep Fair Housing Act in Mind

Even if you prohibit pets on your property, it is illegal to deny housing to an individual with a service animal. It is important to familiarize yourself with the Fair Housing Act to ensure that you are complying with all laws and regulations in your area.

5. Weigh Pros and Cons

There are both pros and cons to allowing pets on your property. Tenants with pets tend to sign longer leases and pay more money for rent. They also tend to make more money than tenants that don’t have pets. However, there is also an increased risk of damage to your property when you allow pets to live on it. It is important to carefully consider all of the pros and cons prior to deciding whether or not to allow pets on your rental properties. To learn more about allowing pets on your property, contact us at the Keyrenter in Silicon Valley today!