Pet-friendly landlord is a new trend in the real estate market

07.12.2023

Tenant with a cat in a rented apartment

Do you yourself secretly admire pictures of animals on social media, but are categorically against renters with equally adorable companions? This attitude is not uncommon in the real estate market, but is it justified?

For your kind heart, you will be able to earn additional income without risking anything. Animals, like people, are different, so they should not be branded with shame and accused of irresponsibility and hooliganism. Sometimes a human can do much more damage than any pet.

How the size of your heart affects the size of your profit

Afraid of phantom risks, many landlords categorically refuse to let other people's pets into their apartment, without even thinking about what they are giving up. Opening the door of your home not only to a person, but also to their pet, you get not just passive income, but also additional bonuses:

✅ benefit - in order to finally live in peace and rest from eternal searches, tenants are ready to put up with a price 15-20% higher than the market price

✅ responsibility - it is not easy for a tenant with an animal to find the right apartment, so he will try in every way to keep what he already has. This ensures cleanliness and order in your possessions, as well as timely payment

✅ long-term - for the same reason, the tenant will want to stay in the usual place for as long as possible. For pet owners, every apartment is worth its weight in gold

✅ popularity - offers available for living with pets are not so common, so they are in great demand. Searching for a new resident will take you days, or even hours

✅ advertising - your former residents will recommend you to their friends as a responsive and friendly host

✅ security - in order to convince you of their integrity, tenants with pets are ready to pay a deposit of a larger amount, which can, if necessary, cover your costs for removing small scratches and other traces of the presence of our smaller brothers

You can get such a number of advantages without exposing your apartment to any risks. Pets don't have to be big and troublesome. A tiny hamster, an exotic lizard in a terrarium or a dog of a decorative breed are equally compact, harmless and undemanding in care. For the guaranteed absence of losses, you will still be able to make an order of magnitude higher profit than if you let only a representative of the Homo sapiens species into your possessions.

Record verbal agreements on paper

Any rent accompanied by a signature the corresponding contract as a guarantor of the safety of each of the parties. When binding yourself to a tenant who has a pet, you should supplement the standard contract with several special clauses to clearly record the stipulated conditions and anticipate possible risks:

  • no more tails - record the exact number of inhabitants, their species and breeds
  • term of the contract - clearly write down the start and end dates of the lease in order to discuss in advance the possibility of its extension with the mutual consent of the parties
  • a healthy mind resides in a healthy body - animals must have the necessary vaccinations, be castrated or sterilized
  • warn of risks - it is necessary to indicate that the tenant is responsible for the preservation of your property and undertakes to pay compensation for possible damages. In addition to the contract, both a list of things and the state in which they are transferred to temporary possession should be recorded. So you can easily find the damage caused to your property and its filling
  • look your fear in the face - a photo or video with the animal will help you form an idea about it. A well-groomed appearance and diligent behavior testify to the master's responsibility and the calm disposition of his ward
  • reinsurance will not be superfluous - the presence of additional residents allows you to increase the insurance deposit both by 20% and by 200%
  • cleanliness and order - soft animal fur is pleasant only when it is stroked, but not when it covers the furniture with a layer of "warming". Before leaving, you can ask guests to clean up after themselves and eliminate traces of their stay in your house

Responsible owners surround their pets with care and proper care even without your reminders, so many points will not be a problem for them. As for your reinsurance in the form of a deposit and possible financial compensation, the future residents will not be against the fact that it is much easier for them to make some concessions than to again struggle to find a person who is ready to consider their little shaggy friend not a "horseman of the Apocalypse", but a harmless and a loving family member.

Possible consequences of your kindness

Moving is always stressful not only for a person, but also for his pet. A new, unfamiliar environment, smells, and people can frighten an animal and adversely affect its behavior. Some problems can be dealt with before they start, but there are also those that will overshadow your cooperation with the tenant from the first day to the last:

  • "Zap-scratch paws" only look innocent at first glance, but in fact they can damage upholstered furniture, textiles and wallpaper, just as teeth marks can become design additions to the legs of tables, chairs and armchairs
  • special trays and diapers make it much easier to care for a pet, but only if they are trained to use them. Only special products, professional cleaning and time will help you get rid of the unpleasant smell
  • if the animal itself turns out to be "dirty", then this is half the trouble, but if its owner does not monitor cleanliness and is too lazy to wash its paws after a walk, their prints can remain not only on the floor, but also on wallpaper and other things, forever spoiling their original appearance
  • loud barking and chirping disturb the peace of the neighbors no less than music, TV or everyone's favorite punch. Constant noise can cause protracted conflicts

All of the listed disadvantages can be easily corrected by the resident himself. As for the damage, the increased security deposit and the clause on material compensation are prescribed so that you can eliminate them without investing your own money. Light cosmetic repairs and without tenants with animals should be carried out from time to time because all things tend to wear out in the process of active use.

When can the risks be unjustified?

The decision whether to let a tenant with a pet into your apartment or not is always up to you. In most cases, you do not risk anything, but there are also situations when, for objective reasons, it is better not to even try:

❌ your residents will not be able to compensate for the damage caused by expensive repairs. If the possible losses exceed the profit, it is worth abandoning the idea. Exceptions may be pets that live in isolated cages, aquariums, terrariums or decorative breeds of dogs bred specifically for living in an apartment

❌ do not risk your health in pursuit of profit. If you are allergic to wool, agree to house only hypoallergenic breeds or such animals that will not have wool at all

❌ a zoo in your house is of no use to you. Determine the specific number of pets with which you agree to reconcile. Three hamsters and three sheep dogs - the number is the same, but the meaning is radically different

❌ if you already have a bad relationship with your neighbors, noisy pets can only make the situation worse. Choose residents who will not disturb others

Almost any problem can be solved, so tenants with pets should not be feared, but considered as a source of good earnings. Your loyal attitude will help to increase the profit several times, and your <apartment or private house will always be in demand on the real estate market.

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