Monthly Pet Fee or Extra Security Deposit

[Gary Robert Burnham Jr.]

I used to just ask an extra security deposit on a dog or a cat.  Over time I realized I would be losing out on extra income if I simply charged a pet fee instead.  Im curious to hear from other investors out there if they are charging a pet fee, extra security deposit, or both and if so how much are they charging.  With my properties I am charging an extra $25 per pet per month.