Pros and Cons of Allowing Pets In Your Property

Many people consider their pets as another family member. When looking for a property to rent, being pet friendly is a necessity many tenants look for. In this article, we go through the pros and cons of allowing pets in your property.

Pros
Larger Selection of Tenants to Choose From

According to the RSPCA, there are over 29 million pets in Australia, and we have one of the highest pet ownership rates in the world! Approximately 61% of Australian households own pets. If you allow pets in your property, you are catering for a wider pool of tenants. This can benefit you as the more applications you have to choose from, the pickier you can be with choosing the best tenants for your property.

Longer Tenancy

It’s common for pet owners to have difficulty finding a property to rent that allows pets. When a pet owner tenant finds a property they are happy with, they are likely to stay long term, as it’s a challenge to find other pet friendly properties.

Responsible Tenants

If a tenant is able to look after a pet, they are likely to be a responsible tenant. If a tenant is responsible enough to take care of a pet, they will respect your property and look after it.

Additional Rent

As mentioned earlier, it’s a challenge for pet owner tenants to find a pet friendly property. If there are not many pet friendly properties in your area, tenants will have less options. A pet lease can be put in place for your property, which in many cases attracts additional rent from tenants.

Happier Tenants

Pets are known to reduce stress, depression and have other health benefits. Allowing pets in your property can make your tenants happier and make your property feel more like home. Allowing pets also decreases the likeliness of tenants sneaking in their pets.

Cons
Property Damage

Pets can cause damage to your property, such as scratching the floor and furniture, chewing the carpet and curtains or having accidents on carpets.

Noisy

Pets can be noisy! Barking dogs and other loud pets can disturb surrounding neighbours of your property. This can also be a disturbance for other tenants in the property, leading to my next point.

Loss of Other Tenants

If a pet is disturbing other tenants, they may choose to leave and look for accommodation elsewhere. Other tenants might have allergies to cats and dogs, which would also deter them from living in your property.

Pet Odours

If pets have accidents inside the property, overtime this can leave an odour. This is not enticing for new tenants or other tenant living in the property.

Having a good property manager can help you mitigate these risks and have better control of tenancy. A property manager can also ensure that a pet lease is in place to help protect you, the landlord, in case there are damages to your property by pets.

Overall, the choice is yours whether you want to allow pets or not to stay in your property.  Knowing the pros and cons of allowing pets will help you make a more informed decision for what is best for you and your property. If you would like to further discuss if allowing pets is right for you, get in contact with Silvertail Property Group, and let our team assist in finding the best option for you.

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