This tight rental market can be tough for tenants with pets, but there can benefits for landlords who allow furry friends on their tenancy agreement.
Landlords should discuss the pros and cons of this decision with an experienced property manager before signing a lease.
The team at Jones and Co have come up with some guidelines for homeowners to consider before renting out a property to pet-owning tenants.
Will allowing pets in my investment property improve my chances of finding a suitable tenant?
According to REIWA, over the last five years the number of tenants searching for a pet-friendly rental increased by 224 per cent. There are more West Aussies and, judging by the number of pooches at the park during Covid-19 lockdown, there are certainly more pets around. This means there’s a bigger tenant talent pool to get amongst. Definitely consider allowing pets.
If I allow pets should I increase the rent?
There are enough prospective tenants seeking pet-friendly accommodation that you could certainly increase the rent. But don’t be greedy and miss out on a quality, reliable tenant for the sake of a few dollars.
Are there any advantages when it comes to allowing pets?
Most tenants who own pets are chasing longer-term leases. REIWA says that by allowing pets you increase your chances of securing a responsible, reliable tenant on a long term lease who will go the extra mile to take care of your property.
Should I charge a pet bond?
It certainly gives you extra peace of mind. Making the tenants pay a bond means they are less likely breach the rules of the pet policy they sign when they lease the property. According to REIWA landlords are also allowed to charge a pet bond of $260 which can only be used for fumigation. Any other damage caused by the animal will be the tenant’s responsibility.
How do I make sure the tenant’s pet isn’t damaging my property?
Your property agent will check for scratched floors, carpet stains, garden damage and bad smells. This will always happen during regular inspections. Good property managers will have good lines of communication with tenants so they will be aware of any issues.
Can I allow pets but ban them from coming inside the house?
Of course. The lease agreement can state that animals are not allowed inside the property. This is a good way to reduce the chance of damage but keep tenants happy.
What happens if my neighbours are disturbed by my tenant’s pets?
Barking dogs and screeching parrots can often cause angst among neighbours. Your property manager should be made aware of complaints so they can help with a solution. However, if you’re aware of sensitive neighbours around your rental then you should consider the consequences carefully before allowing pets at the property.
How do I know the pets are healthy and clean?
Get your property manager to ask for proof of recent vet checks to ensure the pet is well cared for and up to date with flea treatments and vaccinations. There’s nothing worse than dealing with a flea infestation in your carpets and curtains at the end of a lease.
Get the latest property market updates and listings for your neighbourhood.
No sales calls, just the latest property info straight to your inbox.
