Its always a tricky decision as an investor, should I allow pets at my property?
Terri Scheer – the country’s leading Landord Insurers, recently sharing some alarming statistics recently. With more than 600 pets being surrendered to the Animal Welfare League Queensland (AWLQ) last year, because their owners could not find a pet-friendly property to rent.
“Two-thirds of households own pets, but only 10% of Queensland rentals are pet friendly. The numbers just don’t stack up. From our experience, damage is the main fear stopping landlords from allowing pets,” Terri Scheer executive manager Carolyn Parrella said.
As a Landlord, it’s definitely worth considering becoming pet friendly, if your property lends itself to pets. It doesn’t need to be risky. If you take these points into consideration, chances are you may have a pleasant pet experience:
- Ensure your Landlord Insurance policy covers you for pet damage.
- Allow “outside pets” only.
- Limit the number of pets and/or state in your advertising the types of pets allowed.
- Request the tenant sign a “Pet Agreement” which outlines their obligations as a pet owner and ensure that agreement is in-line with current legislation.
- Make any modifications to the property to help lower maintenance and reduce the chance of pet damage.
- Request information and references for the pet.
- Ensure the tenant undertakes the relevant cleaning and professional flea treatment upon vacating the property.
- Trust your Property Manager to work closely with the tenant to ensure all areas of the pet agreement are being adhered to. Including up to date council registrations and microchipping etc.
- Always ensure your Property Manager asks the relevant pet questions to the tenant’s previous landlord.
- And remember – sometimes pets can be better behaved that some humans!
Allowing pets not only increases your chances of obtaining quality, long lasting tenants. You also have a edge over other “non pet-friendly” properties available for lease in your area, which can lead to a higher rental price being achieved and quicker turn around times between tenants.
If you have any questions about this topic or other Property related issues, send me an email: firstname.lastname@example.org