Ocala landlords should allow renters to keep pets in their rental properties for several reasons. In fact, deciding whether or not to accept animals, most landlords look at potential financial gains, such as pet deposits and higher rent. There are more unexpected advantages of permitting pets that single-family rental property owners should be aware of. The top 5 reasons for allowing tenants to keep pets in your rental property are listed below.
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 usually look for homes with pet-friendly amenities like pet doors, fenced yards, etc. Renting a home that allows pets could increase its value.
Shorter Vacancies
Pets are another way to attract more renters to your house. 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 implies that permitting pets in your rental property will likely lower vacancy time.
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 renters who have animals are typically more trustworthy tenants in general. Many pet-owning tenants are familiar with the responsibilities of pet maintenance and are likely to apply the same standard of care to the rental property.
Increased Security
Another persuasive argument in favor of allowing pet ownership by tenants is the potential increase in home security. Studies show that the prevalence of crimes like burglary and vandalism was lower in homes with pets. This is likely because criminals are less likely to target a home with an animal companion present.
Improved Tenant Health
Lastly, allowing tenants to maintain pets can be extremely beneficial to their state of being. It has been demonstrated that pets decrease tension, blood pressure, and cholesterol levels. They can also help to promote more social interaction and physical activity. For all of these reasons, residents with pets tend to be in better health than those without.
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.
Would you like advice from a professional on how to accommodate pets in your rental property? Contact your local Real Property Management office today!
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