Landlords who make their rental properties pet-friendly are able to widen their pool of potential tenants, keep their properties rented for longer and even maximise their profits, new data has found.
For many Auckland renters, pets are part of the family. With only 14% of landlords making their rentals pet-friendly, demand is high for these properties. Our data and insights show that landlords who make their rental properties pet-friendly are able to maximise profits, keep their properties rented for longer and widen the selection pool of potential tenants.
How to protect your investment
If you're considering making your rental pet-friendly, here are some tips to help ensure your investment is protected:
Add a pet clause to the Tenancy Agreement
Barfoot & Thompson have a specific clause to add to the Residential Tenancy Agreement, just ask your property manager to arrange this for you.
Take maximum bond
Equivalent to 4 weeks rent, taking the maximum bond helps offset any risk associated with pet-friendly rentals. Be aware that it is unlawful to take any more than the equivalent of 4 weeks rent.
Think about what your rental property can manage
The size of your property will help you decide what sort of pets you should accept. It is beneficial to also consider what fencing your property has, and whether the outdoor area is appropriate for larger pets.
Always reference check
Barfoot & Thompson have a rigorous tenant selection process, which your property manager will complete on your behalf. If the tenant has been allowed pets at a previous rental, your property manager will be able to ask their referee suitable questions around this.
If you'd like to make your rental pet-friendly, get in touch with your property manager for more information and tailored advice.