There are plenty of grounds why Mill Creek landlords should allow tenants to have pets in 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
The possibility of increasing the value of your rental property is one of the most important justifications for allowing pets. Pet-friendly properties are said to increase in value more quickly than non-pet-friendly properties, according to studies. Additionally, buyers usually look for homes with pet-friendly amenities like pet doors, fenced yards, etc. The value of a rental property that welcomes pets may be higher than it would be otherwise.
The desirability of your rental home can be improved by allowing pets. According to a recent survey, in fact, more than half of all renters stated they would be more inclined to rent from a landlord that allows pets. This suggests that permitting pets in your rental home will probably shorten the time it is vacant.
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 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 reason to allow tenants to retain pets is that it may enhance the security of your home. Studies have shown that homes with pets had reduced incidences of burglary and vandalism. This is likely because criminals are less likely to target homes with pets.
Improved Tenant Health
Last but not least, allowing tenants to own pets can be quite beneficial to their well-being. It has been demonstrated that pets decrease tension, blood pressure, and cholesterol levels. Additionally, they can help boost social interaction and physical activity. All of these factors contribute to the fact that tenants with pets tend to be healthier than those without.
As you can see, there are many persuasive arguments in favor of allowing tenants to keep pets in your rental home. If you’ve been wondering whether to accept pets or not, this list might have persuaded you to give it a try! Your tenants and your property will be grateful.
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!
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.