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Updated over 5 years ago on . Most recent reply

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Vince Futia
  • Investor
  • Schenectady, NY
4
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Vince Futia
  • Investor
  • Schenectady, NY
Posted

Hello All;

Just would like to find out what possible creative scenarios might be in ploy across the US for student housing landlords. I have noticed over the past years many more students have pets at school. My properties have a no pet on the premises line in the leases. I'm just thinking about the pro and cons of becoming possibly more pet friendly. The student market is becoming tighter and tighter and I'm wondering is this aspect of a more pet friendly attitude could be come beneficial??

I was wondering with those property owners who are pet friendly, what do they do to secure a win-win situation?? I'm thinking an additional (higher) security deposit? Possibly a $40 pet rental /month agreement?

Those who are pet friendly, suppose the students aren't picking up the dog waste from the yard? How do you combat that?

Is there anything else you require from the pet owner?

Any and all insights those who might be pet friendly property owners  for students could pass along would be greatly appreciated.

Thank you!

  • Vince Futia
  • Most Popular Reply

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    Curtis Bidwell
    • Rental Property Investor
    • Olympia, WA
    742
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    Curtis Bidwell
    • Rental Property Investor
    • Olympia, WA
    Replied

    @Vince Futia Student housing has its own challenges and pets add another layer.  I do work with pets (and students with qualified co signer)  I add $250 deposit for cats and $350 for a dog along with $15/$25/mo pet rent.  My deposit is refundable to add incentive to care for things.  There is a detailed pet addendum that goes with the contract that details their responsibilities, including the privilege to have a pet may be revoked at owners discretion. Also, the less carpet you have in a unit the easier it is to accept animals.  

  • Curtis Bidwell
  • Podcast Guest on Show #95
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