Did you know Australia has one of the highest rates of pet ownership in the world with about 62% of households owning pets.

One of the decisions a Landlord has to make is deciding whether or not to allow their tenants to have pets.

Some of the key reasons Landlords consider allowing pets in their Investment Property include:

  1. More potential tenants – the amount of applicants can increase.
  2. Lower vacancy periods – more applicants can lead to lower vacancy periods.
  3. Higher tenant retention – tenants are more likely to renew their lease if they have a home for their pet too.
  4. More rent – tenants with pets are more likely to pay higher rent for the privilege of their pet being allowed to move in.

If you are worried about the risk of pets damaging your property you could limit the number of pets allowed and request pet references from previous Landlord.

At the end of the day it is your decision whether or not you allow tenants to have pets and as Property Managers we will uphold your decision.