There are many good reasons not to allow pets in their property. They can leave smells that linger even when the tenant is gone, and can cause disturbance if they’re loud and unsociable. Pets can cause damage to carpets. However, people love their pets and want to rent a home that will allow them. Here are 6 reasons why you should consider allowing pets in your rental property.
You Can Charge More for A Pet Friendly Property
Your property is your asset, and that’s why a lot of landlords don’t allow pets in the property at all. Some pets can cause damage, and you’ll need to pay in order to fix it once a tenant leaves. Of course, that’s what you take the bond for, but you don’t want to do extensive repairs if you can help it. That’s not to say there isn’t increased risk, as in most states in Australia you can’t charge a higher bond or a ‘pet bond’ for the increased risk.
While there are pet friendly landlords out there, they are a small minority. Hence, pet friendly rentals are in high demand.
You can list your home as pet friendly, so tenants will find you quickly and know that you’re amenable to their needs. It’s easy to do but makes a big difference. It certainly will help you reduce the amount of time the property sits empty.
who have tried this report that tenants are willing to pay more per month, in order to bring their furry friends with them. This can help cover the costs of increased wear and tear, and costs in the event that repairs need to be done, too.
Pet owners could be better tenants
Not every pet owner is going to be a better tenant. However, there is some correlation between having a pet and other positive characteristics. Animal Medicines Australia’s 2016 report found that pet owners in Australia are more likely to be earning middle to higher incomes, with 68% earning $70,000-$100,000. Pet owners (particularly dogs) are more active and have generally better mental health. Lastly, they have a greater sense of responsibility, having to care for their pet. All of the above have an influence on someone’s ability to pay rent on time, hold a steady job, and care for you.
It’s required by law
In some cases, you must allow pets in your property. This is particularly the case in Victoria, where legislation came into effect on 2 March 2020 which allows tenants to make a request for pets to be allowed, and the landlord can only refuse this request by application to the Victorian Civil and Administrative Tribunal (VCAT) and that it orders that it is reasonable to do so.
Dogs Can Increase Security
Another worry landlords have is that animals such as dogs will cause a disturbance. It’s true that a small minority of dogs will bark and create noise, annoying others in the area. In some cases though, this will work out in your favour.
Generally, a landlord is responsible for damage to the building as a result of a break in. A dog on the property is something that will put a lot of wrong doers off. A burglar or vandal doesn’t want to try and get into a home if they know a dog is there. They don’t know if the dog is friendly or not, and so they won’t take the risk. Also, if the dog barks when they see someone they don’t know, then they will alert others that something is wrong.
Tenants May Be Secretly Keeping Pets Anyway
If you have tenants, they may be secretly keeping pets even if the tenancy agreement explicitly bans them. Many tenants want to keep their pets no matter what, and they simply don’t disclose them when they sign the agreement for their new home.
Of course, not every tenant will do this, but you want to encourage them to be straight with you. If you allow pets from the outset, the tenants won’t feel as though they need to hide things from you.
You’ll Create A Better Relationship with Your Tenants
Finally, allowing pets means that you’ll create a much better relationship with your tenants. You want to be able to talk with them easily, and allow them to come to you with any problems in the home. After all, if something goes wrong you can fix it quickly, before it gets any worse.
If you’ve already made your home pet friendly, your tenants will know that you’re already open minded. It’s so much easier to talk to a landlord who appears to be reasonable, and they’ll be more likely to take good care of the property. Having that good relationship can make all the difference during the tenancy.
There are all sorts of reasons you should allow pets in your rental property. They can help you bring in money, add to the security of the home, and help foster a better relationship with your tenants. A pet friendly property is certainly more attractive than many on the market, so it’s worth considering opening your doors to pets.