There are some justifications why Milford 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. 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, According to studies, properties that allow pets appreciate quicker than those that do not. Additionally, buyers of real estate typically look for homes with amenities for pets, such as pet doors, fenced yards, etc. Rental real estate that accepts pets may ask for more money.
Additionally, allowing pets can increase the desirability of your property to potential 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 suggests that permitting pets will probably shorten the time your rental property is vacant.
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 likely to apply the same level of attention to the rental property as they do to their pets.
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 probably because burglars are less likely to target a home when they are aware that a pet is there.
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 may help to promote more social interaction and physical activity. Due to all of these factors, tenants who have pets tend to be healthier than those who do not.
There are, as you can see, a lot of good arguments in favor of allowing tenants to keep pets in your rental home. If you have been contemplating whether or not you should allow pets, maybe this list has persuaded you to at least give it a try! Your tenants and your property will be grateful.
Do you want a professional’s advice on how to make your rental home more pet-friendly? Contact your local Real Property Management office today!
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