Property owners lose money by banning pets from mid-term rentals. About 70% of mid-term guests have pets, and allowing them reduces vacancy, boosts income through pet fees, and encourages longer stays. Pet-friendly policies are essential for competing in the market.
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So mistake number 1, this is all about how to get your midterm rental marketed and booked. I think the biggest mistake is not being pet-friendly. Everyone is terrified of pets. They're terrified of cats. Yes, they can do damage, but so can people. And look, honestly, in my experience, guests, I like to call them guests, midterm guests are really, really responsible. They're part of the family. They're not your typical renters. They're really responsible. So please, please be pet-friendly. I feel like a broken record saying this, but I can't stress it enough. So I think you really need to be pet-friendly or you shouldn't be in the MTR business. That's my honest opinion. So you really are going to get the largest guest pool. About 70% of guests have pets. So being pet-friendly really attracts more renters. You have way more vacancy. You just get higher income. You can collect pet fees, pet rent. You get longer stays. And really, honestly, most insurance stays, which everyone loves to get, are going to have pets. Um, you definitely get some interesting pets, typically dogs, occasionally a cat. I recently had an inquiry for a