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Surprising Benefits of Pet-Friendly Rental Properties

Man and woman using laptop sitting on floor with dog at new pet friendly rental There are some justifications why Morrisville landlords should let tenants have pets inside their rental homes. In reality, before deciding to accept dogs, the majority of landlords consider advantages including 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 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. According to studies, properties that allow pets appreciate quicker than those 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. Rental real estate that accepts pets may ask for more money.

Shorter Vacancies

The appeal of your house to potential renters can also be boosted by allowing animals. 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 suggests that permitting pets will probably shorten the time your rental property is vacant.

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 because renters who have pets are typically already more conscientious occupants. 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 because criminals are less likely to target homes with pets.

Improved Tenant Health

Lastly, allowing tenants to own pets can also be very beneficial to their overall well-being. Stress, blood pressure, and cholesterol levels have all been shown to decrease when people have pets. They can also serve as a means to encourage more exercise and interpersonal communication. Due to all of these factors, tenants who have pets tend to be healthier than those who do not.

Evidently, there are numerous compelling reasons to allow tenants to have pets in your rental property. If you’ve been contemplating whether or not to allow pets, this list may have convinced you to give it a shot! Your property and tenants will appreciate it.

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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