When it comes to property management tips, few decisions impact leasing speed as much as a clear, pet-friendly policy informed by a local rental guide. With nearly 70% of U.S. households owning a pet, banning animals drastically reduces your applicant pool and can turn away stable families who are likely to stay long term.
Benefits: Income, Demand, Retention
Allowing pets can dramatically cut vacancy days and strengthen cash flow, keeping your property a reliable long-term investment. Charging monthly pet rent, typically $30 to $100 per animal, adds steady income to offset wear and tear and should be based on a local rental guide. Pet owners also tend to stay longer, which boosts renewals, lowers turnover costs, and increases overall tenant satisfaction.
Setting Clear Pet Rules
Define expectations upfront by outlining how many pets are allowed, weight limits, spay/neuter and licensing requirements, and any insurance-driven breed restrictions that align with your pet policy. Screen pets as carefully as residents by collecting vaccination records, a recent photo, and proof of registration, using a consistent process guided by a local rental guide to ensure fairness and compliance.
ESAs & Service Animals
Emotional Support Animals (ESA) and service animals are not considered pets under federal law. When tenants provide proper documentation, you cannot charge pet rent or deposits. Instead, include a lease addendum that clarifies responsibilities while staying compliant with fair housing laws. Treat ESAs like any other reasonable accommodation, and keep your standard pet policies clear to avoid confusion.
Best Practices to Protect the Asset
Document your property thoroughly with move-in and move-out photos to distinguish normal wear and tear from damage. Schedule regular walkthroughs to catch issues early and reference your written pet policy when discussing expectations with tenants. Work with a professional property manager and follow a local rental guide to stay compliant with regulations and keep your property performing as an asset, not a liability.
Final Thoughts
Allowing pets can boost rental income, reduce vacancies, and encourage long-term tenancy. For help creating pet criteria, pricing pet rent, or refining your screening process, partner with Beyond Property Management.