As a landlord, you may wonder whether you should allow dogs to live in your rentals or keep your properties pet free. There are at least two ways in which renters with dogs can actually save you money. Once you've read and understood the perks of having a dog on your premises, you may reconsider any existing ban on dogs. Here are some reasons why allowing tenants to bring dogs can save you money in the long run.
1. Dogs Can Substitute for Security Systems
Dogs are great at deterring criminals, and their presence adds an immense boost to harm reduction. Criminals want to find access into a home, but they don't want to get caught. In addition, they definitely don't want to suffer any bodily harm. Here are a few ways that having dogs on the premises will help you:
Dogs have highly sensitive hearing, and they are fantastic at detecting intruders. They help deter criminals who don't want to get caught in the act. At the first sign that someone is approaching the property, the dog will be alert and ready to confront the possible intruder. Often a bark or two is all is takes to make a burglar think twice about trying to enter a home, whether any people are around or not.
Another asset that dogs have over alarm systems is that they can inflict pain upon the would-be burglar. With an alarm system, the police and family living on the property may be alerted that someone has broken a window or opened a door. Unfortunately, this still gives the burglar ample time to escape unharmed.
However, a snarling dog is an immediate threat. The criminal may suffer a bite or ripped clothing before he or she is able to turn around and run away. Whether the dog attacks depends upon the intelligence level of the dog as well as the intruder's movements. This could mean that the intruder is frozen in place while the tenants alert the authorities.
Alarm systems often cost between $15 and $100 per month for monitoring services. If you use $60 as an example, you could estimate that having an alarm system installed on your property would cost around $720 over the course of a year-long lease.
However, if your tenants have a dog, you will not be required to pay monthly monitoring bills. Your tenants would pay for food, toys, registration, and vet visits. In preparation for new tenants and for sanitary purposes, some landlords charge a deposit of $100 or more to cover the cost of cleaning carpeted areas after the tenants move out. You could end up making money instead of spending it if you allow your tenant to have a dog.
2. Dogs Can Give Early Emergency Warnings
Some dogs may detect smoke from a fire before a fire alarm sounds. They may also hear leaking water that their owners won't hear until it becomes a full-fledged river through the center of the building.
A dog in the home that can detect these types of emergencies helps save your property. The less severe your property is burned, the easier it is to reconstruct, and the cheaper the remodeling bill will be afterwards. Early detection might save you from replacing carpeting and wooden furniture, since the water hasn't pooled or caused damage related to wood rot or mold development.
Although the thought of having a dog on the premises may seem worrisome at first, take a look at these money-saving reasons for allowing your tenants to have pets on the property. Once you get the facts, you'll be able to make a more informed, insightful decision.
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