There are many reasons why Safety Harbor landlords should let renters keep dogs in their rental properties. Before deciding whether to allow animals, the majority of landlords consider advantages such as the ability to charge pet deposits and higher rent. Owners of single-family rental homes should be aware of the additional, unexpected benefits of allowing pets. Here are 5 important reasons for permitting tenants to keep pets in your rental property.
Increased Property Values
It can raise the value of your property, which is one of the most important justifications for allowing dogs among tenants. According to studies, pet-friendly properties appreciate more quickly than properties that do not allow pets. Moreover, property purchasers frequently search for homes with pet-friendly features, such as pet doors, fenced-in yards, etc. A rental home that allows pets may charge more money than it normally would.
Shorter Vacancies
Allowing pets can also increase the desirability of your rental property among prospective tenants. In fact, a recent survey found that over half of all renters stated they would be more likely to rent from a landlord that allows pets. This implies that permitting pets in your rental property will likely lower vacancy time.
Fewer Repair and Maintenance Issues
Contrary to popular assumption, tenants who have pets are less likely to damage your property than tenants who don’t. This is due to the fact that tenants who have pets are typically already more responsible tenants. Many pet-owning tenants are likely to apply the same level of attention to the rental property as they do to their pets.
Increased Security
The possibility of increased security for your home is yet another convincing argument in favor of allowing tenants to keep pets. According to studies, the prevalence of crimes like burglary and vandalism was lower in homes with pets. This is likely due to the fact that criminals are less likely to target a home with an animal companion present.
Improved Tenant Health
Finally, enabling tenants to have pets can have positive effects on their well-being. It has been demonstrated that having a pet lowers stress, blood pressure, and cholesterol. Additionally, they may help to promote more social interaction and physical activity. Renters with animals are frequently healthier than those without for all of the aforementioned reasons.
There are, as you can see, a lot of good arguments in favor of allowing tenants to keep pets in your rental home. If you were on the fence about allowing pets, maybe this list has persuaded you to give it a try! It will be valued by your tenants and property.
Would you like a professional’s advice on how to make your rental property pet-friendly? Contact your local Real Property Management office today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
