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 You own an investment property and you’re wondering whether you should consider applications from tenants with pets.
Conventional wisdom and maybe even your property manager’s advice suggests you might want to think twice about that. Obviously there’s the potential for damaged carpet as a result of small accidents, marked walls or garden damage. But is that really any different from the normal wear and tear of renting to people without pets?
New research suggests perhaps not.
Responsible pet owners typically work hard to ensure their pets don’t annoy neighbours and don’t do damage to their rental property. They know that one black mark against their name means it may be much more difficult to rent in future, or worse, they may have to surrender their pet to be euthanised, if they can’t find a suitable property.
The research also shows that tenants with pets pay and average $25 to $35 dollars more per week for their property.
Naturally, as with all rental applicants, good pet references are essential. Your property manager may also ask that your tenants sign an annexure to their lease, clearly spelling out expectations and requirements such as having carpets steam cleaned when the property is vacated.
As a landlord, the choice remains yours but allowing your property manager to consider applications from prospective tenants with good references expands your pool of potential customers. Anecdotal evidence also suggests tenants with pets rent for longer periods, reducing the wear and tear that occurs when people move in and out, and, lifting your annual net return.
First National Real Estate offers a ‘Pet Friendly Rental Search’ on its national and member websites. Prospective tenants simply tick the ‘Pet Friendly’ box when searching for property to instantly separate properties that are an option for them.
Even though vacancy rates are at very low levels and many landlords experience no difficulty finding good tenants for their properties, renting to a responsible tenant with a pet may see your investment leased for a longer period, at a higher rate, and that’s well worth thinking twice about!
       
 You own an investment property and you’re wondering whether you should consider applications from tenants with pets.
Conventional wisdom and maybe even your property manager’s advice suggests you might want to think twice about that. Obviously there’s the potential for damaged carpet as a result of small accidents, marked walls or garden damage. But is that really any different from the normal wear and tear of renting to people without pets?
New research suggests perhaps not.
Responsible pet owners typically work hard to ensure their pets don’t annoy neighbours and don’t do damage to their rental property. They know that one black mark against their name means it may be much more difficult to rent in future, or worse, they may have to surrender their pet to be euthanised, if they can’t find a suitable property.
The research also shows that tenants with pets pay and average $25 to $35 dollars more per week for their property.
Naturally, as with all rental applicants, good pet references are essential. Your property manager may also ask that your tenants sign an annexure to their lease, clearly spelling out expectations and requirements such as having carpets steam cleaned when the property is vacated.
As a landlord, the choice remains yours but allowing your property manager to consider applications from prospective tenants with good references expands your pool of potential customers. Anecdotal evidence also suggests tenants with pets rent for longer periods, reducing the wear and tear that occurs when people move in and out, and, lifting your annual net return.
First National Real Estate offers a ‘Pet Friendly Rental Search’ on its national and member websites. Prospective tenants simply tick the ‘Pet Friendly’ box when searching for property to instantly separate properties that are an option for them.
Even though vacancy rates are at very low levels and many landlords experience no difficulty finding good tenants for their properties, renting to a responsible tenant with a pet may see your investment leased for a longer period, at a higher rate, and that’s well worth thinking twice about!
Example buyer registration eCard
Technology has been firmly embedded in real estate marketing for many years but First National Real Estate is leading the charge when it comes to regular customer communication about homes suited to their needs.
Buyer alerts issued from First National’s Utopia cross matching system surged by 50% in 2011 with some 375,000 customers receiving SMS alerts, telling them that a property matching their wish list had just been put on the market. More than 11.8 million email alerts and property market updates were also issued.
The system is used equally by buyers and tenants and customers love the regular, instant updates.
‘Our customers tell us we are the only real estate brand that gets back to them when they take the time to tell us about their property hopes and dreams;’ says National Communications Manager, Stewart Bunn.
Customers register their details by visiting First National member websites and following the links for priority alerts.
‘It’s simple to update search criteria, as your wish list changes, and also to choose to receive market updates or not’ says Mr Bunn.
‘Plus, once you’ve bought or rented a new home, it’s easy to remove yourself from our database so we don’t bother you with updates you no longer need. Our customers just love the convenience and our members have reduced the number of days it takes to sell a home or rent a vacant investment property.’
Find out more about First National’s Utopia system by talking to a local First National member today.
Example buyer registration eCard
Technology has been firmly embedded in real estate marketing for many years but First National Real Estate is leading the charge when it comes to regular customer communication about homes suited to their needs.
Buyer alerts issued from First National’s Utopia cross matching system surged by 50% in 2011 with some 375,000 customers receiving SMS alerts, telling them that a property matching their wish list had just been put on the market. More than 11.8 million email alerts and property market updates were also issued.
The system is used equally by buyers and tenants and customers love the regular, instant updates.
‘Our customers tell us we are the only real estate brand that gets back to them when they take the time to tell us about their property hopes and dreams;’ says National Communications Manager, Stewart Bunn.
Customers register their details by visiting First National member websites and following the links for priority alerts.
‘It’s simple to update search criteria, as your wish list changes, and also to choose to receive market updates or not’ says Mr Bunn.
‘Plus, once you’ve bought or rented a new home, it’s easy to remove yourself from our database so we don’t bother you with updates you no longer need. Our customers just love the convenience and our members have reduced the number of days it takes to sell a home or rent a vacant investment property.’
Find out more about First National’s Utopia system by talking to a local First National member today.
Norm Abbey, A First National Real Estate founding member
A founding member of the First National Real Estate network, Mr Norm Abbey was awarded a Medal of the Order of Australia (OAM) at the 2012 Australia Day honours. Norm Abbey received his citation for service to people with disabilities, particularly through Shannon Park Foundation.
As the founding and inaugural president of the parents and friends committee, Norm Abbey was instrumental in buying land to build Shannon Park Centre.
He was also an active fundraising auxiliary member, twice heading campaigns for $150,000.
Mr Abbey became involved after son Peter was diagnosed with cerebral palsy at 18 months.
“I always felt I had to put something back into the community. We received a lot of support with Peter and wanted to repay that.”
First National Real Estate N.H Abbey was established by Norm Abbey in early 1973. The office has provided a first class and professional Real Estate service to the townships of Portarlington, Indented Head, St Leonards & the Bellarine Peninsula over this period.
Norm retired in late 2004 and handed the business over to his son Craig who has maintained the integrity and honest professionalism that N.H. Abbey First National Real Estate has become known for along with brother Dennis Abbey Leesa Scorgie (Norm’s daughter) and Tracey Abbey (Craig’s wife) the Portarlington office is a family affair.
       
SOURCE: Namoi Valley Independent
Surge in Buyers at Gunnedah Open Homes
First National Real Estate Gunnedah has reported a renewed interest in property with an influx of potential buyers to open homes displays last weekend.
“What a positive way to start the New Year” said First National principal Mike Brady.
“Brand new, great valued, fresh listings have attracted significantly improved level of genuine interest with buyers, who came out in force last weekend.” Mike Brady said the sales team had reported as many as 23 groups going through the open homes.
Rebecca Mannix, Dot Hamilton & Kara Watts at the Sausage Sizzle
Media Release – 24 January 2012
Four staff from First National Palm Beach (QLD) are planning to throw themselves from a perfectly safe aircraft, along with some corporate support from First National Real Estate’s management in a couple of weeks.
The team will participate in the Jump to Cure Diabetes at the Sunshine Coast Airport in an effort to raise and contribute $5,000 towards finding a cure. The jump is being organised by Team Cure Diabetes who arrange fundraising events throughout the year to support their mission to find a cure for Type 1 Diabetes.
First National Palm Beach’s senior property manager, Dorothy Hamilton, said her fellow jumpers simply want to support Diabetes sufferers as well as their colleague, Cara Watts, who’s 8 year old daughter was diagnosed with Type 1 Diabetes when she was 5.
‘The disease has a huge impact on the lives of entire families, not just the person who has been diagnosed’ said Mrs Hamilton.
‘Simply daily matters for healthy children that we as adults take for granted, such as a treat after school, birthday parties and sleepovers, are fundamental things that every child should be able to enjoy’.
First National Palm Beach has asked for community support in its efforts to raise at least $5,000. A sausage sizzle was held last Friday which raised over $871.00.
Mrs Hamilton said that education and support for families is the most important aspect of managing the disease. Funds raised go towards research for a cure but also the support families need to help their children live a full, healthy, normal life.
MacKenzie Watts give the First National Swash a hug!
Those wishing to make a donation in support of their fundraising effort should visit:
www.teamcurediabetes.org.au/divas_against_diabetes
- Copy ends -
Issued by: First National Real Estate Palm Beach
For further information contact Dorothy Hamilton, senior property manager – (07) 5559 9800
       
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You own an investment property and you’re wondering whether you should consider applications from tenants with pets.
