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If you decide rent out your house, one thing you will want to consider is if you will allow tenants with pets. If you decide to accept pets in your rental home, you may want to take an extra pet deposit to help cover any costs of damage a pet may make. Depending on the type and size of the pet, the damage may vary. Pets may damage any woodworking and molding, soil carpets, and scratch up walls of any unfurnished apartment.