One of the many important decisions you will make as a landlord is whether pets will be allowed in your rental property. Did you know that 68% of U.S. households have a pet? Allowing pets in your property is your opportunity to have more applicants interested. Most pet owners consider their pets like family. If you have a pet, you understand that you are not going to go anywhere without your beloved pet. Pet-friendly houses and apartments tend to be way more attractive. As a landlord, you want to remain competitive in the market and you definitely don’t want to limit yourself excluding a good portion of good tenants just because they have pets. So if you absolutely hate the idea of allowing pets in your rental you might want to reconsider. 

 

Pets can be a benefit to your rental property. Moving to a new home can be stressful, so you can imagine that moving with a pet is even harder for many reasons. Pet owners want to avoid moving often because they do not want to stress out their pets. There aren’t as many properties available to pet owners. Only 55% of landlords allow pets, so it becomes a difficult task for renters with pets to find rental properties that suits their needs.  When they finally find a place that allows pets they are most likely going to want to renew the lease. Tenant turnover and vacancy can quickly ruin a profitable investment. Pet-friendly properties will lower your vacancy rate and increase your renewals.

 

You find a great tenant but it has two dogs. I know what you are thinking, what happens if they scratch things up or damage the property? Although some pets may be destructive, most of them are not. Some pets do far less damage than children. To ensure that pet owners are good about preserving the condition of your property you need to ask for a pet deposit or a pet fee. Some people even charge pet rent. A pet deposit will cover any kind of damages associated with pets. They must also have a security deposit so those two combined should cover you for anything that a dog or cat could do. General security deposits are legal in every state but separate pet deposits or pet fees are only legal in some.

 

Pet Policies

As a landlord, it’s your responsibility to have a detailed pet policy in place. This policy should outline the rules for both tenants and their pets and should be included in your lease. The pet policy should include: 

 

Define What Pets You Will Allow

  • Types of Pets Allowed: specify the exact animals you will allow
  • What dog breeds will you allow & weight limits
  • Decide the number of pets allowed

 

Define The Expectations Of The Pet Owner 

  • All pets will have the required shots, licenses and tags
  • The tenant is required to pay for any damage their animal has caused
  • Require the tenant to get liability insurance
  • Specify pet owner responsibilities: waste removal, supervision, sound control (barking), etc 

 

Tenants with pets are typically responsible and can be great tenants. If you allow pets in your property it is going to rent faster because you are appealing to a wider base of people.  You want to be open to everybody and you want to have options as a landlord. By not allowing pets, you eliminate a large portion of your prospective tenants that have pets right off the bat. Whether or not you allow pets in your rental property let CRM Properties help you.  Call us today! (765) 459-8034

 

Bethan Johnson

Turn Coordinator

Bethan is a Property Manager Assistant. She performs all property inspection and evaluations, creates tenant invoices and oversees disposition of security deposits.

Why choose CRM Properties?

We have the best selection of homes in the Kokomo area. Our staff’s dedication to customer service leads to a swift response to maintenance and tenant questions.

 

What is your screening process?

We verify income with copies of pay stubs and verification from your employer. We check court records for any judgments and criminal activity. We also contact your previous landlords directly for a referral. We will verify that the person we call is actually your landlord.

 

Are pets allowed?

Most homes allow pets. We do have breed and size restrictions. We limit the number of allowed pets and you must provide proof of vaccinations on all pets. We charge an additional $25 per month and $150 additional deposit.

 

How much is the damage deposit?

The damage deposit is equal to one month’s rent. An additional $150 is required for all pets.

 

How long of a lease must I sign?

Our leases are typically one year. During winter months we structure our leases to expire during the spring.

 

How do I pay my rent?

You can pay rent in person with a personal check, cashier’s check or money order. You may set up an e-payment or direct deposit. You may also mail your rent or use our dropbox.

 

What happens if I can’t pay my rent on time?

We do not make arrangements on rent. Rent is due on the 1st of each month. Late fees start on the 5th. If we do not receive rent by the 15th we file an eviction. You may stop the eviction if you pay rent in full prior to the eviction date.

 

How are utilities handled?

Utilities are typically the tenant’s responsibility. Utilities must be transferred into the tenants name prior to signing the lease. If the tenant is responsible for the sanitation bill and fails to pay it, we reserve the right to increase the monthly rent and include sanitation in the rent.

 

What do I do if I have a maintenance request?

Why choose CRM Properties?

 

What do you charge?

 

When do I get paid?

 

How much is the damage deposit?

 

How long will it take to get my property rented?

 

How do you market my property?

 

What is your approval process for tenants?

 

What is the tenant deposit and length of lease?

 

Do you accept pets?

 

What is the eviction process?

Amanda Mendenhall

Leasing Agent

Amanda is our Leasing Agent. She oversees property showings and screens applicants.

Bethany Shoffner

Portfolio Manager

Bethany is one of our Property Managers. She is the single point of contact for owners and oversees the tenant experience.

Hannah Dobbins

Resident Service Coordinator

Julie Mullinax

Operations Manager

Julie is our Operations Manager. She oversees the staff and the day to day operations of our company.

Heather Johnson

Property Manager

Heather is one of our Property Managers. She is the single point of contact for owners and oversees the tenant experience

Jennifer Koenig

Resident Services Coordinator

Jennifer is our Office Assistant. She assists the Property Managers with all property and social media marketing.

Amanda Marshall

Maintenance Coordinator

Theresa Cain-Rush

Property Management Assistant

Darin Olson

Maintenance Manager

Darin is our Maintenance Manager. He investigates maintenance issues and offers suggestions and estimates for repairs.

Lynda Simpson

Bookkeeper

Lynda is our Bookkeeper. She handles all accounts payable and receivables. She also coordinates all owner and tenant billing.

Chris Mullinax

Broker Owner & New Business Development

As President and Owner of CRM Properties Chris helps generate new business and works on making sure the business is compliant with all local, state and national laws and ordinances.

Call us at (765) 459-8034 during business hours.

We guarantee that a team member will be on the other end to answer any questions you may have.

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