Tips for landlords renting to pet owners
Pet-friendly properties will appeal to more tenants and can achieve higher rents, but there’s more to consider than just the rental return.
- Does your property have the right features? – An apartment with a large outdoor area or a house with a big backyard will appeal more to pet owners. Durable flooring such as tiles is less likely to be damaged than polished floorboards or carpets.
- Think about your pet renting policy– Stipulate the number of pets allowed, acceptable animals or breeds, and any size limits. Nobel will work closely with you to work out what kind of pets you are happy with or would consider...even talk to you about the ones you didn't know tenants might ask about!
- Ask your property manager for a pet resume – Nobel will always ask for references...for the pets as well! Tenants are often happy to supply references from previous landlords or property managers about their pet. At Nobel we also ask for photos and suggest that you may also wish to meet the pet beforehand, just let us know!
- Investigate strata bylaws – Some complexes may not allow animals, while others have rules about the type or size of the pet and may require residents to register pets or ask for permission first. These can change from building to building and with upcoming legislation changes in the pipeline, it is even more important to check!
- Check your landlord insurance – Tenants are generally liable for damage caused by pets, apart from reasonable wear and tear, but it’s wise to check your insurance policy as well to find out exactly what is and isn’t covered.
- Claim repairs at tax time– The cost of repairing reasonable wear and tear, such as refinishing floors and repainting walls, can be deducted from your rental income to minimise your tax bill.
If you have any additional questions, give the team at Nobel a call TODAY.