Like any other pet owner, renters love their pets, and when they need to find a rental, they’ll do as much as possible to stay with their furry friend. If you’ve noticed that pet-friendly landlords tend to have better retention rates, your observation would be correct. This is because pet owners are more likely to renew their leases and stay where they are. However, this begs the question, why are pet owners more likely to stay?
Pet-Friendly Rentals Are Hard To Find
Many landlords don’t want to have to create pet policies and deal with potential noise complaints or damage caused by pets. Because of this, when a tenant finds a good pet-friendly rental, they will not leave behind a goldmine. Moving would mean having to sift through dozens of rental listings, and some of the pet-friendly rentals they find may not be the most kempt or quality. As a result, pet owners will do what they can to ensure they and their furry friends have an excellent place to stay.
Pet-Friendly Rentals Have Pet-Friendly Amenities
For single-family units in pet-friendly neighborhoods, the surrounding area likely has pet-friendly amenities that pet owners love. Typically, this includes pet-friendly trails, dog parks, as well as waste disposal bags and trashcans located throughout. Additionally, it’s much more likely that their neighbors are also pet owners and more likely to understand the occasional nighttime howl.
Animals Get Used to Their Surroundings
As mentioned in the beginning, pet owners love their pets, and the last thing they want to do is take their pets away from a place that they love. Animals become very attached to their routine, and where they live is a part of that routine and a part of what they consider their territory. Taking an animal away from that can occasionally lead to bouts of anxiety and even depression, which an owner won’t want to put them through.
Now that you know why pet owners are more likely to renew their lease, will you allow animals on your rental property? If you need help deciding, or want to create pet-friendly policies, let Excalibur Homes help. We’re a home rental company equipped with outstandingly knowledgeable employees that can help you protect your investment as a property owner or find you an amazing home to rent as a tenant.
