Do you allow your tenants to keep pets?

letting-to-tenants-with-petsWhether to allow pets inside your investment property can be a tricky decision to make.

Yes, pets can be messy. But the fact is, hundreds of thousands of Australians like to share their home with a pooch, parrot or cat – so refusing to allow a tenant to keep a pet could exclude a huge market from your rental property.

Interestingly, the decision may soon be taken out of your hands, according to reports:

“The blanket bans on pets in apartments, units, and townhouses could soon come to an end with the recent landmark determination from the Victorian Civil and Administrative Tribunal (VCAT).

VCAT ruled against the owners corporation of an Eaglemont townhouse after it banished a four-year-old cavoodle, Hamish, owned by Melbourne renter Madison Brewster, despite getting a consent from landlord and property owner Greg Watkins.”

Read the full story here.

Pets in your investment property may soon be the norm!

If you do have a tenant who requests to keep a pet, here are my tips:

  • Request an extra ‘pet bond’ to help deal with the cleanup after they vacate.
  • Ensure your landlords insurance policy covers pet damage.
  • Make sure your property manager knows about the pet/(s) and is on top of regular inspections, so any potential issues are picked up as soon as possible.
  • Keep an open communication line: in the event that the pet becomes a nuisance to the neighbours (for instance, if it barks all day while the tenant is at work), you need to be able to negotiate a solution calmly.

Share this post

Become a successful Property Investor

Start Here With Your Free Investment Gift Pack Valued at $297
how to project manage your renovation

Get one step closer, Fill in the form below

  • This field is for validation purposes and should be left unchanged.

More from Real Wealth Australia

Property market about to go ballistic in australia

The Property Market Is About To Go Ballistic!

I’ve got good news for you and more good news! Firstly, you may have heard that the Reserve Bank of Australia (RBA) have indicated that ...
How to Maximise Your Most Important Investments this Christmas_7

How to Maximise Your Most Important Investments this Christmas

Your biggest investment: what it is and how much is it worth? If it’s your home, it could be worth a fair chunk of change. ...

It’s official! Australia is now in a recession… now what?

As Australia has experienced three months of negative growth we are now officially in recession. I wanted to share my thoughts on this as there ...