There are various reasons why Greenville owners should allow renters to keep pets in their rental properties. Quite often before deciding to accept dogs, most landlords weigh advantages including the ability to charge pet deposits and higher rent. There are other, unanticipated benefits to allowing pets that single-family rental property owners should be aware of. 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.
Pets are another way to attract more renters to your house. A recent survey revealed that, in reality, more than half of all renters would be more inclined to rent from a landlord that allows animals. This suggests that permitting pets in your rental property will likely reduce the length of vacancy.
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 with animals tend to be more responsible renters, to begin with. Many tenants who own pets are aware of the responsibilities involved in pet care and are likely to treat their rental home with the same level of respect.
Another compelling argument for allowing tenants to have pets is that it may increase the safety of your property. 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
Lastly, allowing tenants to maintain pets can be extremely beneficial to their state of being. Stress, blood pressure, and cholesterol levels have all been shown to decrease when people have pets. Additionally, they can help boost social interaction and physical activity. For these reasons, pet-owning tenants are frequently healthier than those without animals.
There are a lot of good arguments in favor of letting tenants have pets, as you can see. The following list might have persuaded you to allow pets if you were on the fence about it. 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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