This is a question I get asked all the time from new landlords or current landlords that I have.
I don’t think it’s a yes or no question. There’s a few things that I always like to explain to landlords when they’re considering that question.
When you say, no pets allowed you are actually cutting out half of your rental market. So, if you want to rent your property quickly, do you want to cut out half of your market? If not more. Nearly 80% of the applications that we get, have pets on their applications. Pets are part of our families these days, so that’s something to consider.
I always think it’s best practice to say “On application”. That means, when the tenant has a pet, they would need to fill out a Pet Application Form to get all the details about the pet (i.e. type of pet, age of pet etc.) Because a lot of times, if the pet is an old dog, which means the pet is not on that chewing stage and that can be a big factor on deciding yes or no on the application.
We also get a reference from the current agent. Was there any complains about the dog barking from neighbors? Was there any damage done to the property from the pet? So we get all of those details before we make a yes or no answer, then we bring it to our owners and say “Look we’ve done a rental reference and we’ve also done a pet application and a reference on that pet, this is what we’ve found.” and then the owner can make an educated decision to if they are going to allow pets or not allow pets in that property for that application.