SHOULD YOU ACCEPT PETS AT YOUR RENTAL PROPERTY?

Property investors have long been hesitant to list their properties as pet friendly on the rental market. Fears that animals will damage their property sometimes prevent landlords from all the potential benefits of offering a pet friendly property. It is important for landlords to consider all the benefits and potential pitfalls before a decision is made, to ensure they are not needlessly excluding a large amount of prospective tenants.

Benefits Of A Pet Friendly Property

  • Pet friendly properties immediately increases tenant interest
  • It gives your property an advantage over competing properties
  • Advertising your property as pet friendly makes the rental more in-demand, which reduces time and money spent on advertising
  • Pet friendly properties more often than not increase the weekly rent
  • In-demand properties (such as pet-friendly) have very short vacancy periods, limiting pauses in cash flow from rent payments
  • Once a pet-owner secures a property they feel ‘at home’ having their pets with them, and are therefore less likely to leave. This creates a steady rental income for the landlord

Pitfalls Benefits Of A Pet Friendly Property

  • Potential damage from animals chewing or scratching the property
  • Potential odour from animals
  • Noise complaints

How To Make Your Investment Property Pet Friendly

Making slight modifications to your investment property can minimise the damage caused by tenants’ pets (such as scratches to floors and doors) and the need for excessive maintenance.

  • Consider tiles or linoleum flooring rather than carpet or floorboards
  • Ensure the outdoor space is securely fenced off this will attract tenants with outdoor pets
  • Install additional low cost features such as doggie-doors and cat flaps
  • Ensure the tenant signs a pet agreement outlining their responsibilities, additional cleaning or pet repair costs making it clean in their pet friendly property obligations
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