Milwaukee 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. 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. In addition, homebuyers frequently seek out properties with pet-friendly amenities, such as pet entrances, fenced-in yards, etc. Renting a home that allows pets could increase its value.
Pets are another way to attract more renters to your house. According to a recent survey, more than half of all renters said they would be more likely to rent from a landlord who allows animals. This suggests that permitting pets will probably shorten the time your rental property 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 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.
It may increase your home’s security, which is another persuasive argument in favor of allowing tenants to keep pets. According to research, burglaries and acts of vandalism were less common on properties with animals. This is most likely a result of the decreased likelihood of criminals targeting a residence when they are aware that a pet is present.
Improved Tenant Health
Lastly, allowing tenants to own pets can also be very beneficial to their overall well-being. It has been found that having a pet lowers blood pressure, cholesterol, and stress. They can also serve as a means to encourage more exercise and interpersonal communication. Due to all of these factors, tenants who have pets tend to be healthier than those who do not.
Evidently, there are numerous compelling reasons to allow tenants to have pets in your rental property. 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! Both your tenants and your property will value it.
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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