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Some perks for being pet friendly

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Landlords who consider only the possible drawbacks of having pets in their investment properties should weigh them against the benefits of offering pet-friendly accommodation, says Lew Geffen Sotheby’s Yael Geffen.

These include:

◆Higher rents – Pet-friendly properties usually achieve higher rents.

◆Pet owners are long term – Pet-friendly rentals are hard to come by, so once tenants secure a suitable property they are often inclined to sign a longer lease and/or renew their lease.

The agency’s Lorrain Dellbridge says landlords can protect themselves and their properties against possible damage by:

◆Asking for an additional deposit to cover possible damage.

◆Limiting the number of pets allowed on the property or allowing certain pets.

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