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PPG_Blog_Sept_image 4_pets or no pets

These days, a good number of prospective tenants own a pet. (Over 50% of all Australian households own a cat or a dog). As a landlord, allowing pets or not is a personal choice. In a buoyant market landlords can afford to say no. However, there are a lot of good tenants who do have pets, so careful consideration of the following factors might be the best practice:

  1. Rental market status – if there are more properties available in an area than good tenants, allowing pets increases the chance of finding a tenant quickly, reducing the unwanted cost of a vacant property.
  2. Damage – pets can make a mess and even cause damage to flooring, walls, gardens etc. Having the right expectations is all part of successful property investment. If you want to avoid all possible damages occurring by a pet, it is best to say ‘no’ to pets altogether.
  3. Insurance – severe damage to properties by pets does not occur often, however, insurance policies for landlords excludes cover for damages caused by pets.
  4. Rental Income – tenants with a pet are generally willing to pay a premium for a pet-friendly rental.
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