Sixty-four percent of New Zealand households own at least one pet, and around one in three Kiwis rent.
With these statistics in mind, check out this short video as we explore the advantages and disadvantages of allowing pets in rentals.
TRANSCRIPT
Advantages:
1️⃣ Attract a wider tenant pool: Many renters struggle to find pet-friendly properties. A larger pool allows more choice to select high-quality tenants.
2️⃣Longer Term: Pet owners often stay longer, reducing turnover and vacancy rates.
3️⃣ Higher Rent Potential: Pet owners are often prepared to pay a premium—not above market rent but at the upper quartile—even if the rental market slows.
4️⃣ Responsible tenants: Pet owners are often very responsible, take good care of the property and are house-proud.
5️⃣ Pet Agreements: Documenting clear guidelines on pet numbers, indoor/outdoor policies, and daily maintenance expectations, such as picking up dog faeces and carpets, will minimise risk.
Disadvantages:
1️⃣ Potential damage: Pets can damage carpets and other floor surfaces.
2️⃣ Allergies and odours: Lingering pet allergens, smells, or flea infestation may affect future tenants.
3️⃣ Noise issues: Potential for noise complaints from neighbours, with dogs barking.
4️⃣ Property suitability: Some properties may not be ideal for pets (e.g., lack of fencing, multi-unit dwellings)
5️⃣ Pet overload: Too many pets can lead to increased wear and tear on the property
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“In my experience, a top-tier tenant who owns a pet often outweighs a mediocre tenant without one.”
Remember, regardless of pets or no pets, the key always lies in diligent tenant selection.
I hope that helps. We’ll catch you next time.
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