7/691 Brunswick St

New Farm QLD 4005, Australia

Reasons to Invest in a Pet-Friendly Rental Property

pet-friendly rental property

If you want to reduce your rental vacancy rates and increase income, then consider allowing pets. Since most individuals treat their pets as a family, there is a chance that the tenants will pay higher than the actual rent. And if we look from the tenant’s side, it is complex to find pet-friendly rental property. 

However, in Queensland, certain changes have been made to the laws that encourage more pet-friendly apartments making the pet-owners easier. Now, let’s explore the reasons why to invest in a pet-friendly rental property.

High Demand 

As per the latest data provided by Animal Medicines Australia at least one pet is owned by 69% of Australian households. This clearly shows that the number of pet owners has skyrocketed within the past years. 

And being a landlord who allows a pet, is surely a green flag for the tenant which ultimately lowers the vacancy rates.

Improved Loyalty 

For most the pet-owners, it is difficult to find a pet-friendly rental property. And if a landlord lets them keep the pets on the property. They become grateful towards the landlord and take good care of the property. Overall, this also results in improved loyalty and lower maintenance costs.

Higher Rent

It was found that pet owners tend to pay higher rent. Also, these types of renters tend to stay a bit longer. This indicates that as a landlord you can enjoy rental returns for a long period.

Attracting Potential Renters 

Having a pet-friendly rental property can help you to stand out in the competitive market. You can easily attract potential renters who are also more responsible. 

In general, we can say that investing in pet-friendly properties is more profitable. And before coming up with an agreement, it is important to mention the pet policies. 

Also to be on the safe side consider pet-friendly insurance and screen the tenants carefully.

Contact our team if you’re looking for pet-friendly properties in Queensland and surrounding suburbs!

Disclaimer



This information is for general informational purposes only and is not intended as professional advice. While we strive to present accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content provided.



Real estate transactions and financial decisions involve complex considerations that may vary based on individual circumstances. Do not consider the content provided as a substitute for professional advice tailored to your specific situation.



Conducting thorough research and consulting with licenced and experienced professionals in the relevant fields is crucial. Every individual’s financial and real estate situation is unique, and professional advice is essential to making informed decisions.

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