There are various reasons why Denham Springs owners should allow renters to keep pets in their rental properties. 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. Owners of single-family rental homes should be aware of certain unforeseen benefits of accepting pets. Here are the strongest 5 reasons for letting tenants keep pets in your rental property.
Increased Property Values
The ability to raise the value of your home is one of the most important justifications for allowing pets among your tenants. Studies show that houses that allow pets to stay appreciate more quickly than houses 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. A pet-friendly rental property may have a higher market value than it would have otherwise.
Shorter Vacancies
The appeal of your house to potential renters can also be boosted by allowing animals. 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 indicates that permitting pets in your rental property will likely reduce vacancy duration.
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 pet-owning tenants are familiar with the responsibilities of pet maintenance and are likely to apply the same standard of care to the rental property.
Increased Security
Another persuasive argument in favor of allowing pet ownership by tenants is the potential increase in home security. Studies indicate that properties with animals have lower rates of burglary and vandalism. This is probably because burglars are less likely to target a home if they are aware of the presence of a pet.
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. They can also help to promote more social interaction and physical activity. For all of these reasons, residents with pets tend to be in better health than those without.
As you can see, there are a lot of compelling reasons to let tenants keep pets in your rental home. 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 advice from a professional on how to accommodate pets in your rental property? Contact your local Real Property Management office today!
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