Allowing pets in your rental property used to be a hard no. But in today’s pet-loving world — where fur babies are treated like family — more landlords are rethinking their stance.
So the big question is: Should you allow pets in your rental unit? And more importantly, can it boost your return on investment (ROI) without causing a mess?
Let’s explore the pros and cons of pet-friendly policies, and how to implement them smartly.
🐾 The Pros of Allowing Pets
1. Larger Tenant Pool
Pet-friendly properties attract more applicants — especially among millennials and Gen Z tenants who are more likely to own pets.
📊 A 2024 survey showed over 60% of renters in Singapore would pay more for a pet-friendly unit.
2. Higher Rental Income
Many landlords charge:
- Pet deposits (refundable if no damage)
- Monthly pet fees or slightly higher rent
This can increase your monthly revenue and offset potential wear-and-tear.
3. Longer Tenancy Duration
Pet owners tend to stay longer, knowing how hard it is to find another pet-friendly home. Lower turnover = lower vacancy costs.
🐶 The Cons (and How to Manage Them)
1. Property Damage
Scratches, stains, or chewed furniture can be an issue.
Solution:
- Require pet-specific deposits
- Use durable flooring and scratch-resistant paint
- Add a pet addendum to your lease
2. Noise or Complaints
Dogs barking or cats roaming common areas may cause tension.
Solution:
- Limit number, type, or size of pets (e.g., no large breeds)
- Require documentation of vaccinations and training
- Outline pet etiquette rules in shared spaces
3. Allergies and Liability
Future tenants might be allergic, or a pet may injure someone.
Solution:
- Deep clean between tenants
- Require liability insurance for tenants with pets
- Maintain clear rules on pet behavior and supervision
🐾 Tips for a Successful Pet-Friendly Policy
- ✅ Ask for pet references from previous landlords
- ✅ Require a “pet interview” or recent photos
- ✅ Include a pet clause covering damage, noise, and hygiene
- ✅ Set boundaries: e.g., no exotic animals, no off-leash in hallways
- ✅ Highlight pet-friendly features in your listing (nearby parks, balconies, etc.)
Final Verdict: Is Going Pet-Friendly Worth It?
If managed correctly, allowing pets can boost your ROI, reduce vacancy, and attract loyal, responsible tenants. The key is to set clear expectations, include safeguards, and remain flexible.
Ready to attract high-quality, pet-loving tenants?
🏠 List your property on www.CoHomes.sg and explore tools to customize your rental policy — pets and all.
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