Pawsitive Impact: Why Landlords in the Phoenix Metro Area Should Welcome Pets
70% of tenants own pets
Your property will experience more turnover if you don’t allow pets
Your property will stay vacant for longer if you don’t allow pets
When it comes to renting out your property in the Phoenix area, you might be on the fence about allowing pets. It’s a decision that many landlords grapple with, and we understand the concerns. However, there are compelling reasons why you should consider welcoming pets into your rental units. In this blog post, we’ll explore the benefits of being a pet-friendly landlord in Phoenix, where the pet-loving community is thriving.
1. Expanded Tenant Pool
By opening your doors to pet owners, you instantly widen your potential tenant pool. According to the American Pet Products Association, around 67% of U.S. households, or about 85 million families, own a pet. These pet owners are actively seeking rental properties that accommodate their furry friends. By allowing pets, you tap into this sizable demographic and increase your chances of finding responsible, reliable tenants.
2. Longer Tenant Retention
Pet owners often face difficulties in finding rental properties that allow their pets. When they do find a welcoming place, they tend to stay longer to avoid the hassle of relocating their animals. This means lower turnover rates for landlords, reduced marketing and vacancy costs, and more stable rental income.
3. Responsible Pet Owners
Not all pet owners are the same, and many are responsible and considerate. By setting clear pet policies and screening potential tenants, you can attract responsible pet owners who are committed to taking care of both your property and their animals. This approach can help mitigate concerns about pet-related damages.
4. Positive Community Relations
Being a pet-friendly landlord in the Phoenix Metro area can enhance your reputation within the community. Phoenix residents, like many across the country, are passionate about their pets. By accommodating this love for animals, you’ll foster goodwill and positive relationships with your tenants and neighbors.
5. Pet-Friendly Amenities
If you’re concerned about property maintenance, you can create pet-friendly amenities that cater to pet owners, such as designated pet areas, waste stations, and pet-friendly landscaping. These amenities can improve the overall tenant experience while minimizing potential issues.
6. Legal Protections
Arizona law provides protections for landlords who allow pets. Landlords can require pet deposits, set rules for pet ownership, and specify any pet-related fees. Understanding and implementing these legal safeguards can give you peace of mind when renting to pet owners.
7. Professional Property Management
If you’re worried about managing a pet-friendly property, consider enlisting the services of a professional property management company like Caldwell Property Management. We can help you establish and enforce pet policies, handle maintenance issues, and ensure a smooth rental experience for both you and your tenants.
In conclusion, being a pet-friendly landlord in the Phoenix Metro area is a decision that can benefit both you and your tenants. By welcoming pets, you’ll tap into a larger tenant pool, potentially increase rental income, and foster longer tenant relationships. With the right policies and precautions in place, you can enjoy the perks of being a pet-friendly landlord while minimizing any potential drawbacks. Embrace the pawsitive impact of pets on your rental properties and watch your investment thrive.