Extra Things to Consider

Pets

A large number of families have pets, so accepting pets makes it easier to fill vacancies. However, the obvious disadvantage is the potential for pet damage. If you decide to accept pets, Lone Star Realty & Property Management Inc. has a recommended pet policy that will help reduce the liability and risk when the tenant has a pet.

*For our rentals that allow pets, our policy is No aggressive breeds (Pitbull, Doberman, Rottweiler, Chow) with a two-pet maximum. $300 security deposit, per pet, with a two-pet maximum, refundable at lease end, dependent upon any damages.

Section 8/HUD

Low-income tenants may get financial assistance from the government to help pay their rent. If you want to allow this program with any of your tenants, you must adhere to the U.S. Department of Housing and Urban Development's lease contract and comply with their inspection requirements. Accepting HUD opens the market to more potential renters. However, you must adhere to their policies during the management of your property. Our company works with the HUD office, so this may be an option for you to consider.