There are some justifications why Upper Marlboro 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. Single-family rental property owners should be aware of other, unanticipated benefits to allowing pets. Here are the top 5 arguments for allowing tenants to keep pets in your rental property.
Increased Property Values
One of the most compelling arguments for allowing tenants to have pets is that it can increase the property’s value. Studies show that pet-friendly properties increase in value more quickly than non-pet-friendly ones. 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.
Shorter Vacancies
Additionally, allowing pets can increase the desirability of your property to potential tenants. Actually, more than half of all renters said they would be more likely to rent from a landlord who permits animals, according to a recent survey. This suggests that permitting pets in your rental property will likely reduce the length of vacancy.
Fewer Repair and Maintenance Issues
Contrary to conventional belief, pet-owning tenants are less likely to cause property damage than those without pets. This is due to the fact that renters who have animals are typically more trustworthy tenants in general. Many renters who own pets are aware of the responsibilities associated with pet care and are inclined to give their rental home the same amount of attention.
Increased Security
Another compelling argument for allowing tenants to have pets is that it may increase the safety of your property. Studies show that the prevalence of crimes like burglary and vandalism was lower in homes with pets. This is probably because burglars are less likely to target a home when they are aware that a pet is there.
Improved Tenant Health
The last point is that enabling tenants to keep pets can be very beneficial to their well-being. There is evidence that pets reduce anxiety, blood pressure, and cholesterol levels. They can also promote physical activity and social interaction. For these reasons, pet-owning tenants are frequently healthier than those without animals.
There are a lot of good arguments in favor of letting tenants have pets, as you can see. If you’ve been contemplating whether or not to allow pets, this list may have convinced you to give it a shot! Your property and tenants will appreciate it.
Want an expert’s opinion on how to make your rental property more pet-friendly? Contact your local Real Property Management office today!
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