How to find and keep a tenant for longer.
Quite apart from the headache and the potential lost rent, when you consider your agent will charge you a reletting fee often equal to a week’s rent it makes sense to have happy sticky tenants in your investment property, but how do you make them want to stay?
Is your investment property pet friendly? Aussie families love their pets and if your investment property does not accept pets you could be turning away a large number of potential tenants who can’t live without their beloved dog or moggies. You can also be assured that with a smaller pool of properties that do accept pets to draw upon, your tenants would likely pay a small premium on their rent and stay for longer.
In a lot of cases you can add clauses into the lease for pet owners that the property must be fumigated on exit in case of any nasty pests, or stipulate the size and type of pet you would accept.
Of course this doesn’t apply in strata properties where pets are prohibited based on the strata bi-laws.