There are some justifications why Apex landlords should let tenants have pets inside their rental homes. Actually, while deciding whether to allow dogs, the majority of landlords take into account advantages including the ability to charge pet deposits and higher rent. Single-family rental property owners should be aware of other, unanticipated benefits to allowing pets. The top 5 reasons for allowing tenants to keep pets in your rental property are listed below.
Increased Property Values
One of the most compelling arguments for allowing tenants to have pets is that it can increase the property’s value. Pet-friendly properties are said to increase in value more quickly than non-pet-friendly properties, according to studies. Moreover, property purchasers frequently search for homes with pet-friendly features, such as pet doors, fenced-in yards, etc. The value of a rental property that welcomes pets may be higher than it would be otherwise.
Shorter Vacancies
The appeal of your house to potential renters can also be boosted by allowing animals. According to a recent survey, more than half of all renters said they would be more likely to rent from a landlord who allows animals. This indicates that permitting pets in your rental property will likely reduce vacancy duration.
Fewer Repair and Maintenance Issues
Contrary to conventional belief, tenants with pets are less likely to cause property damage than those without pets. This is due to the fact that renters who have animals are typically more trustworthy tenants in general. 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 compelling reason to allow tenants to retain pets is that it may enhance the security of your home. According to research, burglaries and acts of vandalism were less common on properties with animals. This is most likely a result of the decreased likelihood of criminals targeting a residence when they are aware that a pet is present.
Improved Tenant Health
The last point is that enabling tenants to keep pets can be very beneficial to their well-being. It has been demonstrated that having a pet lowers stress, blood pressure, and cholesterol. They can also serve as a means to encourage more exercise and interpersonal communication. For these reasons, pet-owning tenants are frequently healthier than those without animals.
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’ve been contemplating whether or not to allow pets, this list may have convinced you to give it a shot! It will benefit both your tenants and your 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!
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