Palmetto landlords should allow renters to keep pets in their rental properties for several reasons. Before deciding whether to allow animals, the majority of landlords consider advantages such as the ability to charge pet deposits and higher rent. Single-family rental property owners should be aware of other, unanticipated benefits to allowing pets. Here are the top 5 arguments for allowing tenants to keep pets in your rental property.
Increased Property Values
The possibility of increasing the value of your rental property is one of the most important justifications for allowing pets. Studies show that houses that allow pets to stay appreciate more quickly than houses that do not. Additionally, those who are looking to buy a home typically prefer those that include pet-friendly amenities like pet doors, fenced yards, etc. Renting a home that allows pets could increase its value.
Shorter Vacancies
The desirability of your rental home can be improved by allowing pets. Actually, more than half of all renters said they would be more likely to rent from a landlord who permits animals, according to a recent survey. This implies that permitting pets in your rental property will likely lower vacancy time.
Fewer Repair and Maintenance Issues
Contrary to conventional belief, pet-owning tenants are less likely to cause property damage than those without pets. This is due to the fact that tenants who have pets are typically already more responsible tenants. Many renters who own pets are aware of the responsibilities associated with pet care and are inclined to give their rental home the same amount of attention.
Increased Security
Another persuasive argument in favor of allowing pet ownership by tenants is the potential increase in home security. Studies indicate that properties with animals have lower rates of burglary and vandalism. This is likely because criminals are less likely to target homes with pets.
Improved Tenant Health
Finally, enabling tenants to have pets can have positive effects on their well-being. It has been found that having a pet lowers blood pressure, cholesterol, and stress. They can also help to promote more social interaction and physical activity. All of these factors contribute to the fact that tenants with pets tend to be healthier than those without.
Evidently, there are numerous compelling reasons to allow tenants to have pets in your rental property. If you’ve been wondering whether to accept pets or not, this list might have persuaded you to give it a try! Both your tenants and your property will value it.
Do you want advice from a professional on how to make your rental home more pet-friendly? Contact your local Real Property Management office today!
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