As a Chicago property management company, it
is sometimes your decision on whether or not to allow your tenants to have
pets. While some property management companies already do allow this, others
are have much tighter restrictions. Some Chicago propertymanagement companies are on the fence, asking the question if they need to say
yes or no to allowing pets to join the tenants in their homes.
When the market is slow and landlords are in
need of tenants, a lot of times the guidelines become looser and pets are
allowed. When the market is
booming again usually restrictions crop up. One reason many landlords open up the homes to pets is
because the rental market is slow. You will tend to see more and more companies
that allow pets with a deposit when tenants are hard to find.
From a positive perspective, allowing pets
could keep tenants happy, encourage more new tenants, and can help separate a
property management company apart from the competition. Depending on your goals as a propertymanagement company, those pros of allowing pets could outweigh the cons. From a negative perspective, allowing
pets to join your tenants could lead to the rental property being damaged or
destroyed, increased noise, and it can potentially be unsanitary if the tenants
do not care for animals properly.
Not allowing tenants to have pets could also potentially narrow down
your choices for new tenants. It
can really be a tough call.
What Chicago Property Managers Can Do
When Chicago property management companies
start booming with more and more tenants, they can tighten up their guidelines
and be more choosey. This could mean bad news for renters who have their
family pets. It reduces the homes they can find through Chicago property management firms.
One way a Chicago property management company
can help renters is by accepting pets with precautions. By allowing pets in
under your lease agreement, a Chicago property management company can give
their tenants peace of mind that their family will be able to stick together,
especially since many families consider pets to be family members.
Propertymanagers can help to protect their owners and properties by putting some
stipulations in the agreement about the pets. With guidelines in place, property managers can allow tenants to keep their pets by following a few simple
guides to handling pets in the rental home. Be sure to talk with the tenant of
the home to make sure they understand the restrictions.
For
comments or questions on anything property management related, feel free to
comment below or contact us.