š Want to Fill Your Rental Faster? Let Pets In.
Zillow analyzed overĀ 11 million listingsāand the data speaks for itself:
- Rentals that allow pets leaseĀ 8 days fasterĀ on average
- They earn up toĀ 12% more savesĀ andĀ 11% more shares
- With nearlyĀ 60% of renters owning pets, demand is shifting rapidly
Ā The numbers donāt lie: allowing pets isnāt just a kind gestureāitās a smart business move backed by massive data. (Read Zillow’s full analysis here.)
Ā Why This Works for Landlords
Pet-owners often:
- Stay longerĀ to avoid recurring moving stress.
- Honor leases, appreciating accommodations made for their pets.
- Take pride in propertyāmany owners see their pet as family and treat the space accordingly, treating yourĀ property like home.
Ā Tips to Protect Your Property from Pet Damage
- Routine inspectionsĀ (e.g., quarterly walkthroughs) allow early detection of wear and tear.
- Pet deposits or monthly pet rentĀ cover potential damageācustomize these amounts based on pet size and type.
- Clear pet policies in leasesāinclude rules on waste clean-up, barking, restricted areas, and breed/size limits.
- Require renters insuranceĀ that includes pet liability coverage to protect both parties.
By combining Zillowās robust dataset with tenant screening and preventive measures, landlords can:
- Maximize showings and listings engagement
- Lease units fasterāeven by nearly a month in large markets
- Mitigate risk through structured preventative policies
Pet-friendly = profit-friendly. Consider it your fastest (and furriest) leasing strategy.