Should You Allow Pets in Your Rental Property?

Megan Bullock/Apartments.com • May 2, 2021

It’s no secret that most pet owners treat their pets like family, so when it comes time to find a new home, these renters will be looking for pet-friendly rentals. This begs the question, should you allow pets in your rental property? If this question is weighing on your mind, you’re in the right place. It’s true that allowing pets in your rental gives you access to a larger pool of interested renters, but this decision also comes with a few risks. Before you decide where your rental fits in the mix, let’s weigh the benefits and risks of having a pet-friendly rental. 

Benefits of Allowing Pets in You Rental Property

If you decide to list your rental online as “pet friendly,” you’ll enjoy several benefits, including the opportunity to:

Make more in rental fees

By allowing pets in your rental property, you are essentially adding another tenant (or a few, if you allow). Although this furry tenant won’t be responsible for splitting the rent, their presence will require some additional payments. Pet fees, pet deposits, and pet rent are a few of the ways you can make more in rental fees by allowing pets.

You will collect a non-refundable pet fee from your pet-owning tenant before or on move-in day. You can also collect a pet deposit at the same time in addition to the pet fee. The only difference is the pet deposit is refundable and will be returned to the tenant in full if there are no pet-related damages to the unit, including soiled carpet, chewed blinds, or scratches on the floor, walls, and moldings. Pet rent is a fee that renters will pay once a month in addition to their base rent.

Depending on your state laws, you can charge one of these rental fees, all three, or a mix. These rental fees will automatically boost your rental income, as well as provide a bit of cushion for potential damages. Be sure to check what competitors in your market are charging for pet fees so that you aren’t under or overselling your rental.

Increase your lease renewal rates

Not every rental allows pets, so if you choose to allow them, your tenants may be incentivized to renew their lease. Many renters will feel more comfortable in a pet-friendly rental, even if they haven’t committed to a furry friend of their own just yet. It gives them the option to do so in the future. If your rental is not pet friendly, and your tenant decides they want a pet, they will have to wait until their lease is up or potentially break their lease early, leaving you to find a new tenant once they’re gone. Avoid these potential vacancies by giving pet owners what they want — a good home for their fur family.

Expand your list of potential tenants

As discussed, not all rentals allow pets, which automatically limits those landlords to only renters without pets. If you choose not to allow pets in your rental, you risk losing some potentially great tenants simply because they are pet owners. Your list of potential tenants will expand immediately if you list your rental as pet friendly. As more and more renters become pet parents, your pool of potential tenants will continue to grow.

Risks of Allowing Pets in Your Rental Property

Allowing pets in your rental is a great way to show tenants your flexibility, but it’s important to consider the risks of doing so before you proceed.

Increased chances of property damage

It’s common for pet damage to occur in pet-friendly rentals, even if it only involves minor issues. Soiled carpet, scratched floors and walls, and chewed blinds are just a few examples of common pet damage. Accidents happen, especially with younger pets, but if your tenant isn’t a responsible pet owner, small issues may become bigger problems over time. If a pet is continuously left home alone or not properly taken care of, damage will likely occur.

Potential noise complaints

Pets left alone for several hours at a time, even during normal work or school hours, can be a problem. Incessant barking, howling, or meowing can lead to frustrated neighbors and subsequent noise complaints. In some situations, pet owners may be trying their best to deal with a pet’s separation anxiety, while others may be unaware of the problem. Noise complaints are never ideal, especially when it’s about lonely, bored, or anxious pets. Handling pet noise complaints can prove to be difficult because there is not always a solution to the problem. Pets’ behavior may improve over time, but that’s not always the case.

Abandoned pets

Even worse than a howling pet left home alone is an abandoned pet. By allowing pets in your rental, you run the risk of having a tenant who not only abandons their lease and your unit, but their pet as well. If the pet is left alone for a lengthy period of time, there could be severe damage to your property. Dealing with an abandoned pet and potential damage to your property can be upsetting for both you and the pet. If this happens in your rental and you cannot get in touch with your tenant, call your local animal rescue. This will at least allow the pet to have a second chance for a good home.

Additional Considerations for Allowing Pets in Your Rental

Although benefits and risks are important to think about, there are other pressing issues to consider as well before making your final decision.

Does your insurance company cover all pet breeds?

Not every landlord will have an insurance policy that covers all pets. In fact, many insurance companies have restrictions on what animals and breeds they allow in the policy. For instance, pit bulls and rottweilers are two common dog breeds that are excluded. Before you sign a lease with a pet owner, be sure your policy covers their pet.

How to legally handle service and emotional support animals

Tenants who have service animals or emotional support animals are protected by the American Disabilities Act (ADA). Because of this, landlords are required to allow these animals in their rental whether their unit is pet friendly or not. If your rental is pet friendly, be aware that tenants with a service or emotional support animal are not legally required to pay pet fees, pet deposits, or pet rent. Before your tenant (or their pet) moves in, they are legally obligated under the ADA and Fair Housing Laws to provide you with proper documentation that details their need for the animal.

How to screen tenants with pets

When screening a pet-owning potential tenant, the process will be very similar to screening a tenant without pets. Your tenant screening should include a background and credit check (conveniently provided by TransUnion® if your unit is listed on Apartments.com), as well as professional and landlord references, proof of income, etc. The only additional requirements for pet owners would be to answer a list of questions, such as:

  • How many pets do you have?
  • What type of pet(s) do you have?
  • What breed?
  • How much does the pet weigh?
  • Is your pet up to date on shots (specifically rabies)?

You also have the option to set up a pet interview with the potential tenant and their pup. By meeting their pet before move-in day, you can make sure they’re friendly and well behaved.

How to make your rental pet friendly

Allowing pets in your rental is the first step towards growing your pool of potential tenants, but a great way to retain your pet-owning tenants is to install a few pet-friendly amenities and features. Pet-friendly flooring (avoid carpet), a closed-in patio or a fenced-in yard, or a pet door that opens to a fenced-in outdoor space are great ways to make your rental more pet friendly.

The Choice Is Yours

Every property owner must make their own decision when it comes to allowing pets in their rental property. Keep in mind that although there are serious risks, such as property damage, noise complaints, and abandoned pets, more and more renters are becoming pet owners. If you don’t allow pets, your pool of renters will continue to shrink. A great compromise is to create a pet agreement that outlines your requirements, including:

  • Pet fees, pet deposits, and pet rent
  • Number of pets allowed per unit
  • Type, breed, and size of pet

In the agreement, you can also detail your expectations. For example, explain that tenants are required to pick up after pets outdoors, specify cleaning instructions to avoid any leftover pet dander, smell, or damage after your tenant moves out, and reiterate community quiet hours.

Although you are not required to allow pets in your rental property, you have a much better chance of finding a potentially great, long-term tenant in a timely manner if you are flexible with your rental policies and rent to tenants with pets. 


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Condos Could Be a Win for Today’s Buyers

By KCM • August 29, 2025
Condos Could Be a Win for Today’s Buyers Not every homebuyer wants the biggest house on the block. Some want something simpler, more affordable, and easier to maintain, especially in a market where every dollar counts. That’s where condos come in. For first-time buyers, they can be a smart way to get into homeownership without stretching your budget. For downsizers, they offer less space to maintain with the flexibility to stay in a great location. And right now, condos are one of the most buyer-friendly parts of the market. Condo Inventory Is Up, And That Means More Choice According to the National Association of Realtors (NAR), there are 194,000 condos for sale right now. That’s the second highest amount we’ve seen in the last three years (see graph below): Just remember, this is the national figure. The exact number is going to vary based on where you’re looking to buy. But, generally speaking, you have more options and less competition. You’re not stuck waiting for something to pop up or rushing into an offer just to beat someone else to it. You’ve got plenty to choose from. And if you’re particular about layout, location, or amenities, this is your chance to be selective. That’s a big shift from the market frenzy of just a few years ago. Compared to early 2022, we’ve got nearly double the condos available now. That gives you more breathing room to find the right fit. Prices Are Cooling, and Buyers Hold More Negotiating Power And since there are more for sale, many sellers are more open to negotiating right now. So, you may be able to get a better price. As Redfin explains: “. . . condo buyers in many cities may be able to find sellers who are willing to give concessions and/or sell for less than their asking price.” Condo prices are starting to ease in many markets. According to Intercontinental Exchange (ICE), condo prices dipped 1.3% in June compared to last year. And over half of the top 100 U.S. metros saw condo prices drop slightly year-over-year. Data from Redfin shows what the recent dip in prices looks like (see graph below): That doesn’t just help with affordability, it also shifts the power dynamic. Condo buyers in many markets are now in a position to negotiate on price and ask for concessions, like help with closing costs. Bottom Line Condos aren’t just a fallback option. In today’s market, they’re one of the most strategic ways to buy. With more options, softening prices, and more room to negotiate, now could be the right time to make your move. Could a condo check more boxes than you expected? Let’s talk through your options and find out.

More Contracts Are Falling Through. Here’s How To Get Ahead.

By KCM • August 23, 2025
More Contracts Are Falling Through. Here’s How To Get Ahead. When you sell a house , the last thing you want is for the deal to fall apart right before closing. But according to the latest data from Redfin, that’s happening a bit more often lately. The good news is, it’s completely avoidable if you lean on an agent for insight into why that is and how to avoid it happening to you. This June, 15% of pending home sales fell through . That means those buyers backed out of their contracts. That’s not too much higher than the norm of roughly 12% from 2017-2019, but it’s still an increase. And it’s one you don’t want to have to deal with. The key to avoiding this headache is knowing what’s causing the issues that lead to a buyer walking away. A recent survey from John Burns Research and Consulting (JBREC) and Keeping Current Matters (KCM) finds that agents reported the #1 reason deals are falling apart today is stemming from the home inspection (see graph below): Here’s why. With high prices and mortgage rates stretching buyers’ budgets, they don’t have a lot of room (or appetite) for unexpected repairs. Not to mention, buyers have more options to choose from now that there are more homes on the market. So, if the inspection turns up a major issue, they may opt to walk away. Afterall, there are plenty of other homes they could buy instead. Or, if the seller isn’t willing to tackle repairs , a buyer may back out because they don’t want the expense (and the hassle) of dealing with those issues themselves. The good news is, there’s a way you can get ahead of any unpleasant surprises as a seller, and that’s getting a pre-listing inspection. It’s not required, but the National Association of Realtors (NAR) explains why it’s helpful right now: “To keep deals from unraveling . . . it allows a seller the opportunity to address any repairs before the For Sale sign even goes up. It also can help avoid surprises like a costly plumbing problem, a failing roof or an outdated electrical panel that could cause financially stretched buyers to bolt before closing .” What’s a Pre-Listing Inspection? It's exactly what it sounds like: a professional home inspection you schedule before your home hits the market. Here’s what it can do for you: Give you time to fix what matters . You’ll know what issues could come up in the buyer’s inspection. So, you’ll have time to take care of them before anyone even walks through the door. Avoid last-minute renegotiations . When buyers uncover unexpected issues after you’re under contract, it opens the door for concessions you may have to make like price drops or repairs, or worse, a canceled deal. A pre-listing inspection helps you stay ahead of those things before they become deal breakers. Show buyers you’re serious . When your home is clean, well-maintained, and already vetted, buyers see that. It builds trust and can help you sell faster with fewer back-and-forth negotiations. The bottom line? A few hundred dollars upfront can save you thousands later. Should Every Seller Do This? Not necessarily. Your real estate agent can help you decide what makes the most sense for your situation, your house, and your market. If you decide to move forward with a pre-listing inspection, your agent will guide you every step of the way. They’ll: Advise on whether to fix or disclose each issue Help you prioritize repairs based on what buyers in your area care about Make sure you understand your local disclosure laws Bottom Line If you want to avoid potential snags in your deal, a pre-listing inspection could be the way to go. Let’s talk about whether a pre-listing inspection is the right move for your house and market. Would you rather find out about a major repair now, when you can handle it on your terms – or after you’re under contract, when the clock is ticking?

Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff

By KCM • August 22, 2025
Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. And, as a result, in early August mortgage rates dropped to their lowest point so far this year ( 6.55% ). While that may not sound like a big deal, pretty much every buyer has been waiting for rates to fall. And even a seemingly small drop like this reignites the hope we’re finally going to see rates trending down. But what’s realistic to expect? According to the latest forecasts , rates aren’t expected to fall dramatically anytime soon. Most experts project they’ll stay somewhere in the mid-to-low 6% range through 2026 (see graph below): In other words, no big changes are expected. But small shifts, like the one we just saw, are still likely. Each time there’s changing economic news, there’s a chance mortgage rates will react. And with so many reports coming out this week, we’ll get a better feeling of where the economy and inflation are headed – and how rates will respond. What Rate Would Get Buyers Moving Again? The magic number most buyers seem to be watching for is 6%. And it’s not just a psychological benchmark; it has real impact. A recent report from the National Association of Realtors (NAR) says if rates reach 6%: 5.5 million more households could afford the median-priced home And roughly 550,000 people would buy a home within 12 to 18 months That’s a lot of pent-up demand just waiting for the green light. And if you look back at the graph above, you’ll see Fannie Mae thinks we’ll hit that threshold next year. That raises an important question: Does it really make sense to wait for lower rates? Because here’s the tradeoff. If you’re waiting for 6%, you need to realize a lot of other people are too. And when rates do continue to inch down and more buyers jump into the market all at once, you could face more competition, fewer choices, and higher home prices. NAR explains it like this: "Home buyers wishing for lower mortgage interest rates may eventually get their wish, but for now, they’ll have to decide whether it’s better to wait or jump into the market." Consider the unique window that exists right now: Inventory is up = more choices Price growth has slowed down = more realistic pricing You may have more room to negotiate = you could get a better deal These are all opportunities that will go away if rates fall and demand surges. That’s why NAR says : "Buyers who are holding out for lower mortgage rates may be missing a key opening in the market." Bottom Line Rates aren't expected to hit 6% this year. But when they do, you’ll have to deal with more competition as other buyers jump back in. If you want less pressure and more negotiating power, that opportunity is already here – and it might not last for long. It all depends on what happens in the economy next. Let’s talk about what’s happening in our area and whether it makes sense to make your move now, before everyone else does.
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