According to the American Pet Products Association, 65% of Americans have pets. This means that a large percentage of your market owns at least 1 pet. If you don’t allow them in your rental, you’re missing out on potential profit by eliminating two-thirds of prospective tenants before they even look at your vacant unit.
There are both pros and cons to allowing pets in your rental properties. They can do a lot of damage to your property and can be a disturbance to other tenants.
On the other hand, by allowing pets, you’ll have more potential applicants for your property. Considering the high percentage of pet owners and the fact that they typically lease longer, allowing pets could be very beneficial.
In this post, you’ll learn about the differences between the types of pet fees, pet deposits, and pet rent, and which ones you should charge as a property owner in Oregon and Southwest Washington. (more…)