Allowing Pets on Your Rental Property

By |2018-07-29T23:11:38-04:00July 30th, 2018|Categories: Income, Investment Properties, Tenants|Tags: , , |0 Comments

When you advertise your rental property as "no pets allowed," you run the risk of eliminating many renters. Allowing pets makes for a larger prospective pool of renters. Plus, a majority of those renters with pets actually make more money on average. According to Practical Apartment Management, by Edward Kelly, more than six out of ten pet owners earn over $50,000 a year. On top of that, since it is hard for tenants to find different places to live that accept pets, when they find a rental home that allows pets, they usually stay longer. Plus if you do allow