Since pets require maintenance and attention, a pet owner may be more likely to show the same care and responsibility when it comes to your rental property. Renters with pets fill out 1.6 times as many applications, 1 on average, than renters who don’t own pets. Since pet owners often have a harder time finding a rental than those without pets, you may find that pet owners renew leases more frequently than renters without pets. And if there aren’t any pet damages, you’ll end up with additional rental income. ![]() Many landlords who allow pets charge a pet deposit, pet fee or additional pet rent each month. If you allow pets, your rental will appeal to a larger audience and help ensure you find a great renter for your property. Many applicants are only interested in renting a house with pets and won’t even consider applying if you have a no-pet policy. There are several benefits to allowing pets in rentals, including:Ī larger pool of applicants. Get all the information you need about pets and service animals at your rental property in one convenient package: Download our free pets eBook! Benefits of allowing pets in rentals If you find yourself wondering, “Should I allow pets in my rental property?” then you’re in the right place. Because of this, planning ahead, establishing rules and requirements, and creating a pet agreement are essential for landlords who are renting to tenants with pets. While allowing pets in your rental property gives you access to a broader pool of potential tenants, it also comes with additional risks. According to the Zillow Group Consumer Housing Trends Report 2019 survey data, 46% of renters live with pets - and 48% list allowing pets as a requirement for their next rental. So much, in fact, that many pet owners won’t even consider a rental property that isn’t pet friendly.
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