Since we constantly hear about all of the problems animals cause for landlords, you may not be as familiar with the benefits of allowing your tenants to have pets.
Larger Prospective Tenant Pool: Firepaw.org states that almost 50% of renters own a pet. Therefore, if you make your property pet-friendly tenants as you will have a larger group to choose from.
Longer Tenancy: Pet owners typically stay in a rental longer because it can be harder for them to find other pet-friendly options.
Responsible Pet Owners Are Responsible Tenants: If someone is mature enough to take good care of an animal, there is a good chance they will treat your property with the same respect.
Charge Higher Rent: Look around your area. If there are not a lot of pet-friendly properties, tenants will have fewer options, and you may be able to charge slightly higher rents if you allow pets due to the increased demand.
Happier Tenants: Animals can help reduce stress. Having a pet around can make your property feel more like a home for the tenant.
Sneaking In Pets: it will decrease the chances of tenants trying to sneak in pets that you have not approved.
It’s important to have a lease that reflects any pet-related rules, fees, or pet rent that tenants are responsible for.
