1. Higher Property Values
Enabling tenants to keep pets increases the value of your property, which is one of the best reasons to do so. Studies have shown that pet-friendly properties appreciate at a faster rate than those that are not. What is more, property buyers frequently seek out properties with pet-friendly features, such as pet doors, fenced yards, etc. This may result in a higher valuation for a pet-friendly rental property.
2. Shorter Vacancies
Permitting pets can help make your property more attractive to prospective renters. According to a recent survey, nearly half of all renters say they are more likely to rent from a landlord who allows pets. This means that allowing pets in your rental property is likely to reduce the length of rental vacancies.
3. Fewer Repair and Maintenance Issues
Pet-owning tenants, contrary to popular belief, are less likely to damage property than those who don’t own pets. This is due to the fact that pet-owning tenants tend to be more responsible. Since many pet owners know the responsibility when caring for a pet, they are more likely to apply that same level of care in their rental home.
4. Increased Security
The security of your property can be enhanced by allowing tenants to keep pets. According to studies, properties with pets tend to have lower rates of burglary, vandalism, etc. This is likely due to the fact that criminals tend to avoid a property where a pet is present.
5. Improving Tenant Health
Finally, permitting tenants to keep pets can assist with their health. It has been demonstrated that pets reduce levels of stress, blood pressure, and cholesterol. Additionally, they can increase physical activity and social interaction. For these reasons, pet-owning tenants tend to be healthier than those without pets.
There are multiple strong reasons to allow tenants to keep pets in your rental property. If you’ve been on the fence about allowing pets, perhaps this list has convinced you to give it a chance! Your tenants and property will be appreciative.
Would you like an expert opinion on making your rental property more pet-friendly? Contact There are many reasons why landlords should permit tenants to keep pets in rental properties. Most Round Rock property managers consider advantages such as the ability to charge pet deposits and higher rent before deciding to allow pets. Here are five strong arguments to let your tenants keep their pets.
1. Higher Property Values
Enabling tenants to keep pets increases the value of your property, which is one of the best reasons to do so. Studies have shown that pet-friendly properties appreciate at a faster rate than those that are not. What is more, property buyers frequently seek out properties with pet-friendly features, such as pet doors, fenced yards, etc. This may result in a higher valuation for a pet-friendly rental property.
2. Shorter Vacancies
Permitting pets can help make your property more attractive to prospective renters. According to a recent survey, nearly half of all renters say they are more likely to rent from a landlord who allows pets. This means that allowing pets in your rental property is likely to reduce the length of rental vacancies.
3. Fewer Repair and Maintenance Issues
Pet-owning tenants, contrary to popular belief, are less likely to damage property than those who don’t own pets. This is due to the fact that pet-owning tenants tend to be more responsible. Since many pet owners know the responsibility when caring for a pet, they are more likely to apply that same level of care in their rental home.
4. Increased Security
The security of your property can be enhanced by allowing tenants to keep pets. According to studies, properties with pets tend to have lower rates of burglary, vandalism, etc. This is likely due to the fact that criminals tend to avoid a property where a pet is present.
5. Improving Tenant Health
Finally, permitting tenants to keep pets can assist with their health. It has been demonstrated that pets reduce levels of stress, blood pressure, and cholesterol. Additionally, they can increase physical activity and social interaction. For these reasons, pet-owning tenants tend to be healthier than those without pets.
There are multiple strong reasons to allow tenants to keep pets in your rental property. If you’ve been on the fence about allowing pets, perhaps this list has convinced you to give it a chance! Your tenants and property will be appreciative.
Would you like an expert opinion on making your rental property more pet-friendly? Contact Real Property Management Longhorn today!
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