There are many reasons why San Ramon 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. Owners of single-family rental homes should be aware of the additional, unexpected benefits of allowing pets. Here are 5 important reasons for permitting tenants to keep pets in your rental property.
Increased Property Values
It can raise the value of your property, which is one of the most important justifications for allowing dogs among tenants. Studies show that pet-friendly properties increase in value more quickly than non-pet-friendly ones. Additionally, buyers usually look for homes with pet-friendly amenities like pet doors, fenced yards, etc. A rental home that allows pets may charge more money than it normally would.
Shorter Vacancies
The appeal of your house to potential renters can also be boosted by allowing animals. In fact, a recent survey found that over half of all renters stated they would be more likely to rent from a landlord that allows pets. This indicates that permitting pets in your rental property will likely reduce vacancy duration.
Fewer Repair and Maintenance Issues
Contrary to conventional belief, tenants with pets are less likely to cause property damage than those without pets. This is because renters who have pets are typically already more conscientious occupants. The majority of tenants who own pets are aware of the responsibilities involved in pet care and are likely to take the same amount of care with their rental home.
Increased Security
The possibility of increased security for your home is yet another convincing argument in favor of allowing tenants to keep pets. According to studies, the prevalence of crimes like burglary and vandalism was lower in homes with pets. This is likely due to the fact that criminals are less likely to target a home with an animal companion present.
Improved Tenant Health
Lastly, allowing tenants to own pets can also be very beneficial to their overall well-being. There is evidence that pets reduce anxiety, blood pressure, and cholesterol levels. They can also promote physical activity and social interaction. Renters with animals are frequently healthier than those without for all of the aforementioned reasons.
As you can see, there are many persuasive arguments in favor of allowing tenants to keep pets in your rental home. 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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