--- title: 8 Big Benefits and Tips to Leasing to Pet Owners and Profiting description: Leasing to pet owners offers several big benefits including increasing your profits and retaining residents long-term. Discover how you can maximize your value by simply allowing pets on board! image: https://www.hometeampm.com/hubfs/Imported_Blog_Media/leasing%20to%20pet%20owners.jpg --- [![Group 5068](https://www.hometeampm.com/hubfs/Group%205068.svg "Group 5068")](https://www.hometeampm.com) - [About](https://www.hometeampm.com/about/about-hpm) - [Our Company It’s been over 20 years and our goal hasn’t changed](https://www.hometeampm.com/about/about-hpm) - [Our Team Meet the Home Team Property Management Team](https://www.hometeampm.com/our-team) - [Why Choose Us No matter your property management goals, we will get you there](https://www.hometeampm.com/why-choose-us) - [Careers Take a look at our open positions and feel free to submit an application if your experience is a match](https://www.hometeampm.com/about/about-hpm) - [Vendors We are continually seeking out qualified, professional vendors to fulfill goods or maintenance contracts](https://www.hometeampm.com/about/vendor-relations) - [Connect With Us Reach out to our expert team to see how we can assist you with your property management needs](https://www.hometeampm.com/contact-us) - [Testimonials Read HomeTeam Property Management client testimonials here](https://www.hometeampm.com/testimonials) - [MANAGEMENT SERVICES](https://www.hometeampm.com/management-services) - [Residential View our residential property management services](https://www.hometeampm.com/management-services/residential-management) - [Commercial View our commercial property management services](https://www.hometeampm.com/management-services/commercial-management) - [Marketing View how we market your property to prospective tenants](https://www.hometeampm.com/management-services/marketing) - [Accounting We specialize in complete financial services for our property owners](https://www.hometeampm.com/management-services/accounting) - [Maintenance Property maintenance is one of the most important aspects of maximizing your investment](https://www.hometeampm.com/management-services/maintenance) - [Leasing Our leasing department utilizes the latest in application and credit screening procedures](https://www.hometeampm.com/management-services/leasing) - [Free Rental Analysis Get a free rental valuation of your investment property](https://www.hometeampm.com/management-services) - [Get a Quote Learn how much it would cost to manage your property](https://www.hometeampm.com/management-services/getting-started) - [OWNERS](https://www.hometeampm.com/owners) - [Marketing Your Property Learn how we market your property to ensure the maximum exposure to qualified buyers](https://www.hometeampm.com/owners/marketing-your-property) - [Renting Your Property We provide you with guidance on how to ready your property to compete in the ever-changing rental market](https://www.hometeampm.com/owners/renting-your-property) - [Maintaining Your Property The best approach to maintenance is preventative maintenance, and this is HomeTeam Property Management policy](https://www.hometeampm.com/owners/maintaining-your-property) - [No - Eviction Guarantee We are so confident in our tenant selection process that we include a No-Eviction Guarantee](https://www.hometeampm.com/owners/no-eviction-guarantee) - [Free Rental Analysis Get a free rental valuation of your investment property](https://www.hometeampm.com/owners) - [Owner Portal Login Sign-in to monitor your account](https://hometeam.appfolio.com/oportal/users/log_in) - [Get a Quote Learn how much it would cost to manage your property](https://www.hometeampm.com/management-services/getting-started) - [TENANTS](https://www.hometeampm.com/tenants) - [Rental Search Find your next place to live in San Diego](https://www.hometeampm.com/properties) - [Tenant Portal Login Sign-in to monitor your account](https://hometeam.appfolio.com/connect/users/sign_in) - [Pay Your Rent Paying rent on time has never been easier](https://www.hometeampm.com/tenants/pay-your-rent) - [Future Tenants Important information for tenants wanting to lease a property from HomeTeam](https://www.hometeampm.com/tenants/future-tenants) - [Move Out We want your move-out to be a pleasant and successful one](https://www.hometeampm.com/tenants/move-out) - [Notice To Vacate Moving out? 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More options allow you to have high qualifying standards without long-term vacancies. Yet, there is a downside. Pets can damage the property. You don't want to be stuck holding the bill for that. So, how can you allow pets in your rental and remain in the black? ## **1. Increase the Monthly Rent** Look at your competition. How many landlords are offering pet-friendly homes? Allowing pets when your competition does not gives you a [slight advantage](https://www.thebalancesmb.com/should-you-make-your-property-pet-friendly-2125005). You can charge more rent because your rental will be in higher demand. This rent amount applies to pet owners and non-pet owners alike. ## **2. Pet Owners are Often Long-Term Renters** Finding a rental that allows pets is no easy task for pet owners. When they find one that fits their needs, they're more likely to renew their lease. This is good news for landlords. This means your profits don't have to take a hit due to a vacancy once the lease is up. You also don't have to invest in turning and marketing the unit for the next resident. ## **3. Charge a Pet Deposit** A common approach, you would charge a [pet deposit](https://www.avail.co/education/articles/should-you-allow-pets-in-your-rental-property) just like you would a security deposit. Consider what it would cost to repair scratches on the walls and on baseboards. Also, look into potential carpet replacement and carpet cleaning. You may need to remove pet dander and waste. Once you know what that'll cost, you can come up with a feasible pet deposit amount. ## **4. Consider Pet Rent** This is added to the pet deposit or in lieu of the pet deposit. However, if you add a small pet rent in addition to the pet deposit, your chances of losing money on a move out decrease. ## **5. Require Renter's Insurance** This is recommended whether prospects have pets or not. But, it's especially beneficial if you allow pets in your rental. What if the damage exceeds the pet and security deposit? If the tenant has renter's insurance, you can go after the resident's insurance to recover the remainder of the costs. Be sure to speak with your insurance agent about your homeowner's insurance on the rental. There may be some breed and weight restrictions in your policy. You must take those into account when allowing pets. ## **6. Include Pet Addendums** Requiring all residents to sign a pet addendum is another way to protect your asset. You want to have a few clauses in this addendum including: - What happens if the animal bites another resident or neighbor? The addendum must state that the owner takes full responsibility for any medical bills from the bite. - Require that the pet is up to date on any vaccinations. - Rules regarding excessive noise made by the pet. The pet owner is responsible for ensuring the animal does not disrupt the neighbors. They must abide by the noise regulations in the lease. - Rules regarding the cleanliness of the unit. If the pet goes to the bathroom on the carpet the resident must clean the mess promptly. Leaving the mess attracts pests, which is a housekeeping breach of contract. The pet should not put an undue strain on you or the neighbors. The addendum serves as a risk management tool for your property and other tenants. ## **7. Offer Weight and Breed Limits** You can decrease the limit of potential damage to your unit by restricting what animals you allow. Many will place a maximum weight of 25-30 pounds for pets. This prevents large breeds that can do substantial damage to a home. ## **8. Openly Welcome Service and Therapy Animals** Service and therapy animals are in a different category from pets. Properties that don't allow pets must allow service and therapy animals for disabled residents. However, these animals come trained. They also live on the premises to assist their owner. Depending on the laws in your area, you may not be allowed to charge a pet deposit. But the owner is responsible for any damage the animal does. They are also required to abide by the rules in the pet addendum just like the pet owners. Renting to pet owners can feel risky to landlords. But if you manage the risk correctly, you can profit by allowing pet owners to rent from you. It's a mutually beneficial arrangement for both parties.  ![icon](https://www.hometeampm.com/hubfs/Home_Team_2022/Group%205168%20(1).svg) #### SUBSCRIBE TO RECEIVE THE LATEST NEWS Stay in the know with the latest news form the leaders in property management ### Subscribe Here! ### Popular Posts #### The Great Pet Debate: To Allow Pets In Your... | HomeTeam Property Management | 30 January 2020 When you become a landlord, it is up to you to decide what you will... [READ FULL POST](https://www.hometeampm.com/blog/great-pet-debate-allow-pets-in-apartment) #### What Counts as a Rental Home Maintenance... | HomeTeam Property Management | 11 November 2020 Tenants are often shy about calling for repairs from their landlords... [READ FULL POST](https://www.hometeampm.com/blog/what-counts-as-a-rental-home-maintenance-emergency) #### How Many Pets Should Be Permitted Inside Your... | HomeTeam Property Management | 16 June 2020 It's estimated that 67% of all families in the U.S. own at least one... [READ FULL POST](https://www.hometeampm.com/blog/how-many-pets-should-be-permitted-inside-your-property) ## SIMILAR POSTS #### Tips to Be a Responsible Pet Owner in an Apartment | HomeTeam Property Management  | 09 August 2017 When you live in an apartment, you are probably living in close contact with your neighbors. Though... [READ FULL POST](https://www.hometeampm.com/blog/responsible-pet-owner-apartment) #### Should Landlords Allow Pets in Rental Properties? | HomeTeam Property Management  | 25 August 2023 Many often find themselves contemplating whether or not to allow furry companions in their rental... [READ FULL POST](https://www.hometeampm.com/blog/should-landlords-allow-pets-in-rental-properties) #### Tips for Choosing the Right Pet for your Apartment | HomeTeam Property Management  | 06 June 2013 Pet lovers have one thing in common. Even if they live in a tiny studio apartment, they need a pet... [READ FULL POST](https://www.hometeampm.com/blog/choosing-pet-apartment) #### How Many Pets Should Be Permitted Inside Your Property? | HomeTeam Property Management  | 16 June 2020 It's estimated that 67% of all families in the U.S. own at least one pet. Since so many people are... 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