Real Property Management Pros provides a $3,500 Pet Damage Protection Guarantee for all of our properties under management that allow pets. This guarantee covers any pet damage to the home up to $3,500 over and above the tenant security deposit amount.

When we allow a pet into a home, we have vetted that animal almost as much as the tenant. We thoroughly screen each pet, charge a reasonable fee to the tenant (not you), and guarantee that you (the home-owner) will not pay out of pocket for pet damage.

Should Pets be Allowed in a Rental Property?

Many owners have expressed sincere concern that allowing pets may cause significant damage. Cats have been known to soak carpets with urine, dogs can cause damage by scratching doors and trim. Even requiring additional deposit may not cover the damage that can occur.

So Why Not Just Ban All Pets?

The problem is that as much as 65-75% of the potential applicants for rental homes already own pets. Adopting a strict “No Pets” Policy dramatically reduces the potential pool of qualified applicants making it very difficult to rent a property quickly and for the highest rent possible. Frequently, it is necessary to discount the rent to find a tenant that does not have pets. In addition, fair housing laws designed to protect Americans with disabilities mean that people can easily bypass a pet restriction by simply getting a letter from their doctor. In those cases, we wouldn’t even be able to require additional pet fees! (This isn’t fair, but it is the law.) Advertising a property as “No Pets” encourages people to convert their pets into companion animals, and when that happens, we are not able to collect pet fees that allow us to protect you from potential damage.

Our Guarantee

To alleviate the concern of our clients, we now offer a Pet Damage Protection Guarantee for all of our properties under management that allow pets. This guarantee is our promise to you that should any pet-related damage occur to your property that exceeds the tenant’s deposit, we will repair the damage out of our own pocket! This would be no charge to you… it is absolutely free! There would be no deductible; one hundred percent of pet caused damages would be covered up to $3,500 per property.

To fund this guarantee, we retain all the additional pet fees that we collect from tenants and place those monies into a damage pool. As needs arise, money is drawn from that pool to repair any pet related damages.

Details

This Pet Damage Protection Guarantee is only available to our current clients on management agreements. We cannot guarantee against loss if you cancel management services. This protection applies to damage from pets, including dogs of any breed. It does NOT apply to service animals, companion animals, emotional support animals, or unauthorized/unapproved pets. At least one animal in each unit must be paying a pet fee in order for the entire unit to qualify. For example, if the tenant has one service animal and an additional animal classified as a pet, and the tenant is paying a pet fee for the “pet”, then any damage caused by either animal would be covered. Participation in the Pet Damage Guarantee is no cost to you as a landlord client.

Summary:

⇒ No cost to property owners and no deductible

⇒ Up to $3,500 of coverage per property

⇒ All pet fees charged to the tenant are retained by Real Property Management Pros in order to cover claims under this program

⇒ All clients choosing to have a “No Pets” policy, in lieu of this free benefit, are acknowledging that statistically they can expect their home to rent for less and take longer to rent which means higher vacancy expense

Program Terms and Conditions:

Tenant must have been procured by Real Property Management Pros and on a Real Property Management Pros lease agreement with a start date of September 1, 2020 or later.
All pet fees charged to the tenant will be retained by Real Property Management Pros no matter the events that may occur after fees are collected.
This program only applies to pets that are qualified/approved by Real Property Management Pros and does not apply to unauthorized pets or Service Animals.
The tenants’ security deposit will FIRST be applied to damages caused by the pet(s). Thereafter, Real Property Management Pros will cover up to $3,500 of additional damages over and above the security deposit.
Real Property Management Pros will make its payment (for any amount owed by the terms of this program) within 5 business days of finalizing the tenants’ security deposit return disposition letter.
After Real Property Management Pros has made a payment under this program, Real Property Management Pros has the right to attempt to collect/recover any amounts owed by the tenant for any damages caused by their pet(s). This includes billing the tenant and/or sending the tenant to collections. Any amounts that are recovered from the tenant is the property of Real Property Management Pros.
Real Property Management Pros takes into account industry standard amortizations for carpet/paint/hardwood, when determining any tenant (or pet) damage charges.
Termination of the Property Management Agreement shall void the Pet Damage Protection Guarantee immediately and Real Property Management Pros shall not be responsible for any claims either past or future.