When you rent your property, you have to balance the expectations of both the tenant and the owner. A tenant may be looking for a property with certain amenities or allowances, but an owner must weigh whether these tenant rights are in the overall best interest of getting the property rented as quickly as possible, but minimizing any negative impact on the property.
HERE ARE COMMON THINGS TO CONSIDER:
PETS: A large amount of families have pets, so accepting pets makes it easier to rent. However, the obvious disadvantage is the potential for pet damage. If you decide to accept pets, we have 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 (Pit bull, 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 agree with their rules and policies during the management of your property. Our company works with the HUD office, so this may be an option for you to consider.