Rocklin Ranch Veterinary Hospital’s Blog
Why Renting to Pet Owners Makes Sense
According to the American Pet Products Association’s National Pet Owners Survey, roughly 50% of Americans own at least one pet – that’s 88.3 million dogs and 95.6 million cats in case you were wondering. Businesses have picked up on the fact that opening their doors to pets will increase their revenue, which is why more and more hotels, restaurants, and other establishments allow pets on their premises than ever before.
Although communities across the country are becoming more and more accepting of pets as bonafide family members, many landlords are still resistant to the idea of renting to pet owners. If you’re on the fence about whether or not to include a pet clause into your rental agreement, let the team at Rocklin Ranch Veterinary Hospital shed some light on why this may be a great idea.
Renting to Pet Owners
Renting to pet owners certainly has risks, but in many cases the benefits can far outweigh the potential downsides.
Renting to pet owners:
- Gives you a larger pool of applicants to choose from.
- Offers the opportunity for increased revenue from increased rent or pet fees.
- Often means that a tenant will sign a longer lease, as it’s notoriously difficult to find pet-friendly rentals.
Pet owners are typically more satisfied with their homes, and have a tendency to stay home more often than non-pet owners. This translates to better security for your property and the surrounding properties as well. Happy tenants and happy neighbors will only increase the value and desirability of your property!
Protecting your Investment
The majority of pets do not cause significant property damage, but it only takes one bad experience to make landlords understandably wary of renting to pet owners again. Before you sign a rental agreement with a pet owner, ask to meet up with them and their pet.
Carefully observe the pet; Are they well groomed? Are they friendly and obedient? Does the relationship between pet and owner appear loving and respectful?
Ask the following questions of your prospective tenant:
- How long have they had their pet?
- Is the pet spayed/neutered? (This can significantly impact the pet’s behavior.)
- Is the pet up-to-date on vaccinations and parasite preventives? (Ask for a copy of the pet’s medical records for confirmation).
- How long is the pet typically left home alone during the day or night? Does the owner have a plan in place for their pet during times when they will be gone for long periods or out of town?
Remember, a pet is only as good as their owner! Don’t hesitate to ask for, and call, previous landlords.
If our veterinarians or staff can assist you with additional questions, please don’t hesitate to contact us.