LJ Hooker

A Seasoned Property Investor’s Guide to Maximise Returns p. 33 Thoroughly check references Your LJ Hooker Property Manager will always do a thorough check of potential tenants’ references during the screening process, but it is essential that they specifically ask previous landlords or property managers whether there were any issues with the applicant’s pets in the past, and whether there was damage to the property as a result of the pets. Get an insurance policy that covers pet damage Pets can cause damage, and as the landlord you will surely be concerned about this. Most landlord insurance policies don’t cover pet damage, so if you do plan on making your investment property pet-friendly make sure you do your research and find a policy that covers damage caused by pets. Some insurers require pets to be named and described on lease agreements in order to cover pet damage, so make sure you check this out. It is also worth ensuring the insurance policy has generous limits – that way you’ll be reassured your investment will be protected by your insurer. Legislation around pets in rental properties is different in each state and territory, so make sure you talk to your property manager about your local regulations. The Benefits of Allowing Pets in Your Rental Property 05