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1

July

2015

Pets in your Rental Property?

A common question asked by many property owners is whether they should accept pets or not?

There is no right or wrong answer to this question and the decision is ultimately up to each property owner. Following is an overview of the pro’s and con’s to assist each owner in making their decision.

The Pro's

Not all real estate agents and owners are accepting of pets.  If a tenant owns a pet and is looking to rent a property, it can make it a lot more difficult for them to find a home to rent, especially in a tight rental market where there are low vacancy rates.  If you do choose to accept pets, you often receive a greater number of tenant applications. There are also many quality applicants that own pets!

Not all real estate agents and owners are accepting of pets.  If a tenant owns a pet and is looking to rent a property, it can make it a lot more difficult for them to find a home to rent, especially in a tight rental market where there are low vacancy rates.  If you do choose to accept pets, you often receive a greater number of tenant applications. There are also many quality applicants that own pets!

You may also be able to achieve a higher rent.

(Special Note: In Queensland you cannot ask for additional bond simply because the tenant has a pet.)

THE CON’S

It is important to know that our office is very thorough when processing tenant applications and our focus is to find the “best” possible tenant (who will care for your property) in the quickest possible time.  If pets are accepted, you can be confident that as part of the reference-checking process we do take the time to ask additional questions about any pets the tenant may have.

However, as you can appreciate, pets can be extremely unpredictable. It can also be very difficult to validate that the pet the tenant had at their last rental property is actually the same pet they have now.

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