All Topics / Help Needed! / Getting more rental income

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of StringerStringer
    Member
    @stringer
    Join Date: 2010
    Post Count: 2
    March 30, 2011 - 9:59 am

    Hey guys,

    I’ve been reading the forums for a while and have used all the advice to recently purchase my first IP in Mildura. It’s pretty close to being CF neutral but would probably need an extra $20 a week. I saw a forum topic in here about a girl looking to rent in Mildura and how she couldn’t find a property anywhere to rent because she had a dog. I have been thinking about ways to get more rental income and thought about advertising that dogs are welcome and putting the price up a little bit. Has anyone else done this and do you think it is a good idea?

    Profile photo of scottsscotts
    Member
    @scotts
    Join Date: 2009
    Post Count: 63
    March 31, 2011 - 4:59 am

    i've seen it done and it works, my sister rents and has 2 dogs, defiantly harder to find a place to rent… obviously it may take longer for the tenant with the dog to come along..

    Profile photo of rachelthelegendrachelthelegend
    Member
    @rachelthelegend
    Join Date: 2008
    Post Count: 15
    March 31, 2011 - 5:03 am

    It definitely encourages more tenants – I work in property management and by including Pet friendly in the description or heading will increase your market. Just take a slightly higher pet bond.

    Profile photo of Dan42Dan42
    Member
    @dan42
    Join Date: 2008
    Post Count: 619
    March 31, 2011 - 5:24 am

    Yep, we do this for our IP. We allow pets and charge a slightly higher rent.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    March 31, 2011 - 5:26 am

    Yep, it works a treat :)

    Plus, tenants with pets generally stay longer (because finding an alternative can be troublesome).

    I allow pets (within reason) in all my IPs.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    March 31, 2011 - 7:45 am

    I had a chat to one owner recently who was anti-pet. A previous tenant had an ’empty’ fish tank, upon closer inspection it held a python!

    NSW allows a new clause in the lease to require steam cleaning of carpets if the tenant has animals which have stained the carpets.

Viewing 6 posts - 1 through 6 (of 6 total)

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