There are plenty of grounds why West Valley City landlords should allow tenants to have pets in rental properties. Quite often before deciding to accept dogs, most landlords weigh 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 top 5 reasons to permit tenants to keep pets in your rental home.
Increased Property Values
It can raise the value of your property, which is one of the most important justifications for allowing dogs among tenants. 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.
The desirability of your rental home can be improved by allowing pets. 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 home will probably shorten the time it is vacant.
Fewer Repair and Maintenance Issues
Contrary to popular assumption, tenants with pets are less likely than those without pets to harm your property. This is due to the fact that tenants with animals tend to be more responsible renters, to begin with. Many tenants who own pets are aware of the responsibilities involved in pet care and are likely to treat their rental home with the same level of respect.
Another compelling argument for allowing tenants to have pets is that it may increase the safety of your property. 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
Finally, enabling tenants to have pets can have positive effects on their well-being. It has been found that having a pet lowers blood pressure, cholesterol, and stress. 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.
As you can see, there are many persuasive arguments in favor of allowing tenants to keep pets in your rental home. If you were on the fence about allowing pets, maybe this list has persuaded you to 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!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.