Are you a rental property owner? 🐾 Have you considered offering a pet-friendly rental environment? More than 70% of renters have pets. Most property owners are unaware of the benefits of having a pet-friendly property. Studies have shown that pet ownership can improve a person’s happiness, well-being and health. Tenants who own pets are happier tenants in the long run. Properties that allow tenants to bring their pets rent at higher rates. Here are some benefits to think about:
🏠 Attract a wider pool of tenants: Many pet owners struggle to find rental properties that allow pets. By offering a pet-friendly rental, you can attract a wider pool of potential tenants, giving you more options to choose from.
💰 Increase rent and property value: Pet-friendly rental properties are often in high demand, which can allow you to charge higher rent and increase the value of your property.
🐶 Build tenant loyalty: Allowing tenants to have pets can build trust and loyalty with your tenants, which can result in longer lease terms and positive word-of-mouth recommendations.
🐕 Promote a positive living experience: Pets can bring joy and companionship to people’s lives, and allowing them in your rental property can promote a positive living experience for your tenants.
🧑🤝🧑 Improve tenant retention: It can be difficult for pet owners to find suitable housing, so if they find a pet-friendly rental that they love, they are more likely to stay for a longer period of time.
👨⚖️ Mitigate risk and liability: Three Pentacles, PLLC recognizes the benefits of pet-friendly properties, and it offers property owners a free Pet Guarantee, which guarantees that if your property gets damaged by any approved pet, we will pay up to $2,000 for damages. Visit our website for information on all Guarantees that we offer.
🐾 In summary, offering a pet-friendly rental property can be a win-win situation for both you and your tenants. Not only can it increase your property’s value and tenant loyalty, but it can also promote a positive living experience for your tenants and improve your risk management.