How do Pets Increase Your Rental Property Income?

If you banned pets from your rental property to save money, Real Property Management SAC-METRO would like to be the first of all Sacramento property management companies to speak for four-legged friends - and your wallet. Both could benefit from a more open policy. Here’s why allowing pets can actually increase your income:

1.      Pets are family. Some people feel their pets are members of the family. Their rental decisions, then, are based in large part on pet policies of different Sacramento property management companies and homeowners.
2.      Most people have or want pets. According to the American Veterinary Association, 1 in every 2 people who rents has pets. About 35% of those respondents reported that they would own a pet if their lease agreement permitted it.
3.      People are willing to pay. Many pet owners are willing to pay a higher rent rate to cover insurance and pet premiums for the opportunity to bring Buster along.
4.      Competition is low. Your vacancy days and tenant turnover will go down because pet-friendly housing is limited. Your rental will be in higher demand.


So limiting pets limits your pool of potential applicants. Instead, consider rewriting your pet policy (Real Property Management SAC-METRO can help with that too) and start increasing your selection. With more than 30-years of experience as the industry leader of property management companies, Sacramento-based Real Property Management SAC-METRO is the pet-friendly, tenant friendly, and landlord-friendly office that helps everyone get along. 

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