There are many reasons why Citrus Heights landlords should let renters keep dogs in their rental properties. In fact, deciding whether or not to accept animals, most landlords look at potential financial gains, such as pet deposits and higher rent. There are more unexpected advantages of permitting pets that single-family rental property owners should be aware of. Here are the top 5 reasons to permit tenants to keep pets in your rental home.
Increased Property Values
Raising the value of your property is a hefty reason to allow tenants to have animals, Pet-friendly properties are said to increase in value more quickly than non-pet-friendly properties, according to studies. Additionally, buyers of real estate typically look for homes with amenities for pets, such as pet doors, fenced yards, etc. A pet-friendly rental property may have a higher market value than it would have otherwise.
Shorter Vacancies
Allowing pets can also increase the desirability of your rental property among prospective tenants. 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 implies that permitting pets in your rental property will likely lower vacancy time.
Fewer Repair and Maintenance Issues
Contrary to what many people think, tenants with pets are less likely than tenants without pets to harm your property. This is due to the fact that pet-owning tenants are frequently 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.
Increased Security
Another compelling argument for allowing tenants to have pets is that it may increase the safety of your property. Studies have shown that homes with pets had reduced incidences of burglary and vandalism. This is probably because burglars are less likely to target a home when they are aware that a pet is there.
Improved Tenant Health
Finally, enabling tenants to have pets can have positive effects on their well-being. It has been found that having a pet lowers blood pressure, cholesterol, and stress. They can also promote physical activity and social interaction. 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 were on the fence about allowing pets, maybe this list has persuaded you to give it a try! It will benefit both your tenants and your property.
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!
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