Q: "We will be listing our condo as a rental for next summer and we are torn about whether we should accept pets. What are the pros and cons, and if we do, should we charge more?"
A: When considering whether or not to accept pets, be sure to first check your condominium rules and regulations. Many properties allow pets for owners but not for tenants.
On the positive side, you may get more weeks rented than if you did not allow pets. There is definitely a shortage of pet friendly rentals, In addition, you may command an additional fee for accommodating tenants with pets. Some owners charge an add-on to account for extra cleaning.
On the down side, allowing pets can lead to greater wear and tear on your unit. You may find yourself repainting or refinishing your floors more frequently and that can ultimately cost you. Also, pets in unfamiliar surroundings may be noisy and disturbing to other owners in your association, causing future friction for you in your condo dealings.
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