Propertyscouts New Plymouth

A pet-friendly approach to rental properties - 2nd Feb 2018

A pet-friendly approach to rental properties

A large percentage of rental properties don't allow pets but taking a pet-friendly approach can deliver significant benefits to landlords if it's done properly. 

Recent Barfoot & Thompson data shows that, in the year ending August 2017, just 11% of their new Auckland rentals allowed tenants to have pets.

Nationally, estimated figures for pet-friendly rentals tend to be slightly higher, ranging from around 14% to 17%. However, the Osaki case has created a precedent when it comes to Tenancy Tribunal rulings on accidental damage to rental properties by tenants. If pets have contributed to damage to your property it would be very hard to establish any damage was intentional - as opposed to accidental - and that could lead to cost problems.

If managed properly with risks minimised, a pet-friendly approach could allow property owners to receive a greater return, longer tenancies and have a larger pool of tenants applying. This illustrates the benefit in having a specialist property management company look after your investment property and the value a good property manager can add.

 

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