A Pet-Friendly Approach: 7 Reasons for Property Owners
Welcoming pets into your investment property goes beyond providing shelter; it fosters a sense of home and completeness for families. Unfortunately, a growing number of landlords are opting against allowing pets in their rental properties. A growing number of families now have pets which is limiting the market for investors.
For many of us, the idea of not sharing our homes with our cherished 'fur babies' is emotionally daunting. The bond we share with our pets transforms a mere house into a true home. If you resonate with this sentiment, you're not alone.
Making your investment property pet-friendly is not only a compassionate choice but also a wise one that can come with numerous benefits for landlords:
1. Attracting Responsible Families:
By allowing pets, you open your doors to responsible families who tend to treat the property as if it were their own.
2. Extended Tenancy Terms:
Tenants with pets, once settled, are more likely to choose a longer-term stay, contributing to stable and reliable tenancy.
3. Reduced Vacancies and Wear-and-Tear:
Embracing pet-friendly policies can lead to reduced property vacancies and minimised wear-and-tear on your investment.
4. Wider Tenant Pool:
Opening your property to pets expands your potential tenant pool, given that over 69% of Australians are pet owners.
5. Reliable and Respectful Tenants:
Pet owners can tend to be more responsible and respectful tenants, ensuring that your investment property maintains a higher standard.
6. Reduced Risk of Hidden Pets
Let's face it, some tenants sneak in pets anyway. By allowing pets openly, you eliminate the risk of damage caused by trying to hide them (e.g., scratched doors from litter boxes hidden behind furniture).
7. Structured Pet Agreements:
A clear pet agreement ensures that any damages caused by the animals are agreed upon and repaired by the tenant.
Australians are pet lovers, so it is beneficial to encourage investors to consider the numerous advantages of making their properties pet-friendly. By doing so, you not only tap into a broader pool of potential renters but also ensure that, with the right guidance from a competent agent, your investment remains well-maintained and profitable.
If you have any further questions regarding investing please feel free to get in touch with Next Level. You can contact us either by calling 0402 866 885 or sending an email to info@nlproperty.com.au. We are here to assist you and are eager to provide any additional support you may need.
