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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The #1 Reason Buyers Walk Away (And How To Get Ahead of It)

By KCM • March 22, 2026

The #1 Reason Buyers Walk Away (And How To Get Ahead of It) You may have seen headlines on social saying the number of buyers backing out of their contracts is on the rise – and has recently reached a high not seen since 2017. That can sound intimidating. But it varies a lot by market. And here’s the key thing to understand if you want to sell . A lot of the time, there’s one common cause. And it’s something you can actually control. Here’s what you can do to get ahead of the biggest dealbreaker before it ever becomes a problem. The Top Dealbreaker: Issues That Pop Up During the Inspection A Redfin survey shows over 70% of recently cancelled contracts happened because of issues during the home inspection (see graph below): And that makes sense. Because today’s buyers have something they didn’t have a couple of years ago: options . Why Fixing Things Before You List Matters More Today A few years back, when buyers felt rushed or boxed in due to the limited number of homes for sale, they were more willing to overlook issues. But in today’s market, skipping essential repairs is one of the fastest ways to lose a deal. Now that there are more homes to choose from, buyers can be more selective. If a house feels risky, outdated, or like it’s hiding expensive surprises, they’re a lot more likely to walk away. So, what do you have to fix? Just ask an agent. How Your Agent Can Help Give You the Edge A local agent will be able to walk through your house and offer advice on what to tackle based on your specific home, your market, and what buyers are prioritizing in your area. They'll also have first-hand knowledge about some of the biggest turnoffs for buyers today. And you can use that expertise to prevent future headaches. For example, according to Zillow, these are some of the issues buyers will care the most about: Roof leaks or damage: sagging, leaking, etc. Plumbing problems: standing water, leaks, water damage, etc. Electrical concerns: outdated or exposed wiring, missing GFCI outlets, etc. HVAC issues: non-functioning units Pest or insect damage : termite colonies, etc. Hazardous materials: lead, mold, asbestos, etc. Safety/code violations : missing smoke detectors, windows stuck closed, etc. Structural problems : cracks in the foundation, sagging floors, etc. Odds are not all of this even applies to your house. Maybe only 1-2 things do. Or maybe none of them do. It just depends. But an agent will have the tools and resources to help you figure it out and stay one step ahead. The Benefits of a Pre-Listing Inspection To buyers, these aren’t cosmetic issues. They’re trust issues. And that’s what you need to watch out for today. Once buyers start wondering “what else might be wrong,” it’s hard to recover momentum. That’s why some agents are even recommending a pre-listing inspection as a sneak peek into what buyers will see on their own inspection. With that insight, you can: Fix concerns before you list, or disclose issues upfront Avoid having to respond or negotiate under pressure Stop scrambling to find contractors with availability before your closing date But remember, you don't have to fix everything . You just have to be strategic about what you do tackle, so you and your buyer aren’t caught off guard. And that’s why you need an agent who can: Decide if a pre-listing inspection is worth it where you live Recommend a trusted inspector (if you decide to get one) Look at the results with you to identify true dealbreakers in your market Help you decide what to fix or what to credit Make sure you avoid over-spending or under-preparing Bottom Line One of the biggest dealbreakers for buyers today is inspection issues – and that’s something you can control. You just need to be proactive about high-impact repairs before you list. If you want help figuring out where to focus, let's connect so we can keep your sale on track from day one.

Your Home May Be Part of the Great Wealth Transfer — But It Could Be Costly for Your Heirs

By KCM • March 21, 2026

The oldest living generation today is often described as sitting on a tremendous amount of wealth. Much of it has been built slowly over decades, and a large portion of it is tied up in real estate — homes where decades of life took place — paid down slowly, maintained carefully, and held onto for years. Lately, there’s been a lot of talk about how that wealth will eventually be passed on to younger generations, and how it could dramatically change their lives. Some of the headlines make it sound as though heirs are simply waiting in the wings, ready to receive an inheritance and turn it into luxury purchases, second homes, or dramatic lifestyle upgrades. It can create the impression that the next generation is counting the days until they receive the wealth that took a lifetime to build, and the ways that it will be quickly spent. But in reality, that picture doesn’t reflect what many families actually experience. For many heirs, the wealth they inherit doesn’t arrive as money at all. It is often in the form of a home. And it usually takes time, effort, coordination, and decisions that aren’t simple to make, especially during an already emotional period before the house provides them with any form of money to spend on their own. Inheriting a Home Can Actually Be a Financial Burden When someone inherits a home, they haven’t inherited cash that can be used right away. They’ve inherited a property that comes with responsibilities, decisions, and ongoing costs. Even before anything can be sold, there are practical realities to manage. Property taxes still come due. Insurance needs to remain in place. Utilities, upkeep, and sometimes association fees don’t stop when they inherit the property. And if the home sits vacant, those expenses can actually increase, not decrease. There are often administrative steps to work through as well. Settling an estate, navigating probate timelines, coordinating paperwork, or addressing title issues can take longer than people expect or can easily manage. When multiple heirs are involved, decisions can become more complex, even when everyone has good intentions. All of this means there is often a long stretch between inheriting a home and being able to access any financial benefit from it. In fact, that in-between period can be especially challenging because it may also require them to spend their own time and money in order to maintain the property, at a moment when they are already dealing with loss and transition. The Money May Be Helpful… Just Not Life-Changing The phrase “generational wealth” can create unrealistic expectations. While some heirs do inherit properties worth millions, many inherit homes with far more modest equity — especially once mortgages, liens, repairs, and selling costs are factored in. For a lot of families, the proceeds from selling an inherited home won’t fund a luxury purchase or dramatically alter their lifestyle. Instead, it may: Pay down lingering debt Rebuild savings that were stretched thin Cover education expenses Serve as a long-awaited down payment on a home of their own Provide a financial buffer during uncertain times All of that is meaningful. But for most heirs, their inheritance is more about stability than it is an immediate path to a high-end lifestyle often imagined when people hear “generational wealth.” It Might Be Difficult to Talk About, But It’s Worth It Talking about what will happen to a home after someone passes can feel morbid, premature, or even unnecessary. Many homeowners plan to live in their home for the rest of their lives, and updating it or thinking about the future may not feel necessary. So if this isn’t an easy topic to bring up, that’s completely understandable. But avoiding the conversation doesn’t make the responsibilities disappear. It simply passes them along to your heirs, who must navigate decisions, logistics, and costs while also coping with loss. Thoughtful planning doesn’t have to mean selling early or making major changes. Often, it’s as simple as understanding the home’s condition, keeping records organized, knowing its likely market value, or having a clear sense of what will need to be done — and by whom — when the time comes. As difficult as it might be, the most meaningful thing you can do for yourself and your heirs is to start open conversations now and discuss how the house will eventually be handled. The Takeaway: Headlines about the “great generational wealth transfer” often make it sound like an entire generation is about to become extremely wealthy and start buying luxury real estate. Some heirs may use their inheritance that way. But for most, the reality is far less glamorous. Much of the inherited wealth comes in the form of real estate — homes that need upkeep, management, and careful decisions before any financial benefit can be realized. Proceeds from selling an inherited home can be meaningful (paying down debt, rebuilding savings, or helping with a down payment), but they rarely become a life-changing windfall. For most heirs, it’s about stability, not luxury. Open conversations and thoughtful planning now can help ensure that when the time comes, an inheritance provides support instead of unexpected financial or emotional stress.

Should You Wait for Lower Rates?

By KCM • March 19, 2026

Should You Wait for Lower Rates? Mortgage rates have already dropped into the upper 5s twice this year. But after just a few days, they ticked back up into the low 6% range. If you saw that and thought, “Great. I missed it,” you’re not the only one. A lot of buyers are treating the 5s like some kind of magic number. As if moving from 6.1% to 5.99% suddenly changes everything. And from a mindset perspective, it does feel different. But here’s the part most people don’t actually run the math on. The Payment Difference Isn’t What You Think Let’s say you’re looking at a $500,000 home loan. At 6.1% , generally speaking, your principal and interest payment is roughly $3,030 per month. At 5.9%, it’s about $2,966 per month. That’s a difference of only $64 a month. Not $300. Not $500. Sixty dollars. Let that sink in for just a moment. Yes, over time that $64 a month can add up. But it’s far from the dramatic swing many buyers imagine when they say they’re “waiting for the 5s.” The psychological impact of seeing a 5 in front of your rate can feel big. The financial impact? It might be something you don’t even notice when it’s all said and done. Experts Aren’t Predicting a Big Drop Another important piece to think about: most housing economists aren’t forecasting a long-term return to 5% territory anytime soon. While rates will move up and down, likely hitting the high 5s here and there, the broader expectation is for mortgage rates to hover in the low 6% range this year, not stay in the 5’s or decline much more. While it certainly could happen, the reality is, waiting for a deep drop may not deliver the payoff you’re hoping for, if you’re holding out The Bigger Question to Ask Instead of asking, “Did I miss the 5s?” A better question is: “Does today’s payment work for me?” If the monthly payment fits comfortably in your budget, and you’ve found a home that meets your needs, the difference between 6.1% and 5.9% likely isn’t the deciding factor. It might be one of them, but it shouldn’t be everything. And remember, mortgage rates aren’t permanent. If they drop meaningfully later, refinancing is always an option. But you can’t refinance a home you didn’t buy. Waiting Might Feel Safe, But It Isn’t Always Strategic It’s natural to want the best possible rate. Everyone does. But sometimes buyers overestimate how much a rate in the high 5s will change things in today’s market. Don’t miss the fact that rates have already come down. A year ago, they were in the 7s. Now? They’re hovering in the low 6s. And for a lot of people, that percentage point difference that’s already here is the real game changer . If you paused your plans when rates were higher, now may be the right time to re-run your numbers. Not because rates are “perfect.” But because the monthly payment math might work better than you think, even with rates in the low 6s. Before assuming you’ve missed your moment, take another look at the numbers. You may find it never disappeared. Bottom Line If you’ve been sitting on the sidelines waiting for that magic number for rates, that strategy may not pay off as much as you’d expect. Let's connect so you can double check the math at your price point. You may realize payments are already within your range.