By: Michelle Parham, Administrative Assistant for RPM Talent

Source: Newsweek

SHOULD I ALLOW PETS?

Did you know that 68% of households own a pet? According to an APPA National Pet Owners Survey, pet ownership is at an all-time high and over 76% of millennial renters own a pet.¹ Owners that allow pets in their rental property, increase their applicant pool and have a leg up against competitors who may not allow pets. A survey completed by Avail states that you gain access to an extra 70% of tenants. Pets are like members of the family, and many applicants won’t even consider a property that doesn’t allow them.

RETENTION

A large benefit to allowing pets is that the tenant is more likely to renew, which eliminates any vacancy loss. Pet owners renew leases more frequently than renters without pets because there are less properties available to them and they want to avoid potentially paying another non-refundable pet fee.² According to Zillow, on average, pet owners fill out 1.6 times as many applications as those who do not own pets. Those application fees add up and moving can become quite costly for a pet owner.

PROPERTY CONDITIONS

Taking care of pets also requires extra time and attention. Many pet owners will likely put the same energy toward taking care of the property.² By allowing pets, you also decrease the chance of unknown or unauthorized pets moving in. Tenants are more likely to be upfront about their pets if you allow them.¹ Overall, allowing pets equals happier, more considerate tenants since animals are known to help reduce stress and can make a house feel more like a home.

PET PROFILES

But what about risky pets? That’s where Real Property Management Talent comes in. We utilize a thorough screening software to ensure that all pets have a risk and compliance profile, are easily identified, and are up-to-date on required vaccinations.

NEXT STEPS

Real Property Management Talent has proudly served the Central Texas area since 2017.
To find out more about our services, please click here.

¹Zillow
²Avail

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.

The Neighborly Done Right Promise

The Neighborly Done Right Promise ® delivered by Real Property Management, a proud Neighborly company

When it comes to finding the right property manager for your investment property, you want to know that they stand behind their work and get the job done right – the first time. At Real Property Management we have the expertise, technology, and systems to manage your property the right way. We work hard to optimize your return on investment while preserving your asset and giving you peace of mind. Our highly trained and skilled team works hard so you can be sure your property's management will be Done Right.

Canada excluded. Services performed by independently owned and operated franchises.

Real Property Management Talent Blog Posts

Why You Should Allow Pets in Your Rental