Pet-friendly housing can be more profitable than restricted properties.Source: Photo by Jep Gambardella/Pexels
While pet-friendly housing may bring in more income, there is still the issue of pet damage. While 85% of landlords who permitted pets did report experiencing some form of pet damage, the damage in most cases was significantly less than a month’s rent or security deposit. Even when confronted with more significant damage, the revenue generated by increased rent, decreased vacancies, and reduced tenant turnover more than compensated for the additional cost.
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