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Posted by Rebecca Moseley ● Sep 11, 2018 9:00:00 AM

Top Pet Myths that Are Costing You Money

Landlords who allow pets, but don’t welcome all breeds and sizes of cats and dogs are making a business decision that may be based on myth, and are potentially missing out on money they could be earning from pet owner rentals. According to the Humane Society of the United States (HSUS), here are a few of the top pet myths that are costing you money:

MYTH: There are aggressive breeds of dog

There is absolutely no scientific proof that one breed of a dog is prone to be more aggressive than others. Normally, when you hear that a certain breed of dog is an aggressive dog this is based on urban legends or one experience with one dog. According to the HSUS, the Center for Disease Control (CDC) and the American Veterinary Medical Association both agree that policies that restrict dogs based on breed actually do not reduce dog bites or increase safety for your tenants in any way.

MYTH: Insurance companies are the reason for breed restrictions

Often landlords feel that they need a breed restriction in place for insurance reasons. While some insurance companies may still have a breed restriction, many of the larger carriers do not. State Farm, for example, does not have breed restrictions, nor does Farmers Insurance Group. If your insurance company does enforce a breed restriction, I would recommend discussing this with your agent. 

MYTH: Non-pet owning tenants in neighboring units will be bothered

Data from Apartments.com indicated that 75% of non-pet owners said they either enjoy or are not bothered by living in a building with pets. If you have ever rented, you know that if you have an issue with a neighbor, it’s rarely over pets. Additionally, having assigned areas such as dog parks for multi-family rental units or dog runs for rental single-family homes can help mitigate any issues with neighbors and add a great amenity to your property to attract renters.

Learn more about the benefits of allowing all pets in rental properties in the post Pets in Rental Properties: It's Just Good Business.

 

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Rebecca Moseley is a freelance journalist, marketing consultant, and real estate student. Visit her website at RebeccaMoseley.com to contact her and see more of her work.

More from Rebecca Moseley: Smart Homes=Smart Sellers and Virtual Reality Poised to Revolutionize Homebuying

Topics: Landlording, Property Management, Guest Posts