One of the first decisions landlords have to make about their rental properties is whether or not they should rent to pet owners. Your property management company in Mesa, AZ, can help you understand the pros and cons of being pet-friendly and help decide on the right answer for you.
The biggest pro of renting to pet owners is that it can dramatically increase your pool of applicants. There are pet owners everywhere, and banning them from your property can significantly decrease the number of applications you can get and even force you to make compromises on tenants you would rather not rent to. Renting to pet owners also gives you the chance to earn additional income from pet fees and rent increases. Your property manager can tell you what is average for your area.
Damage to your property is the biggest con for landlords. There is also the risk that a pet living in one of your properties will injure a neighbor or cause noise complaints. Talk to your property manager about the norms of the neighborhood to help you weigh the risks and rewards.