84% of renters will pay more for this. WILD.
Summary
AI-generatedThis video explains how allowing pets, specifically dogs, can significantly increase rental demand and willingness to pay more. It highlights a specific product, a doggy door, as a low-cost, high-impact amenity that 84% of renters would pay extra for.
Key insights
The cost of a doggy door is less than $200, making it a low-cost investment for a potentially high return in rental appeal.
Mistakes to avoid
Ignoring the potential benefits of allowing pets, such as increased demand and willingness to pay more, can lead to longer vacancy periods.
Tools & resources
Midterm Rental Consulting servicesservice
The speaker, Erin Splin, is a midterm rental consultant who has written books for landlords and offers consulting services.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial