Typical Pet fees/ deposits

[Josh Cunningham]

I typically do owner financing ( LC, Lease Options), fix and flips or wholesale deals but few rentals. Have a house I remodeled (new carpet, paint and everything else). Have a prospective renter with 3 large dogs (apparently 2 at time of move-in). In the past I've required $250 refundable and an extra $35 per pet (or $50 for 2, negotiable depending on pet) on top of rent non-refundable.  What are others charging?

[Blake Messina]

Hi Josh- not sure about your area, but nicer rentals in central Florida can charge $300 per pet for a fee. Not a deposit, it is a one time fee.

I would really think about what type of flooring you have in your rental. A very large percentage of dogs are going to either destroy or stain your carpet over time. That's why it is so important to get a pet fee.

Also, keep in mind that a pet fee is just a fee to the tenants for the right to have a dog there. The tenants are still responsible for maintaining the unit! If there are pet stains on the carpet, the damage is deducted from the security deposit! A lot of tenants have the wrong thinking on this, and think just because they paid a pet fee, they won't be responsible if their pet destroys the carpet. Not the case. Also a good idea to explain this policy up front to your tenants.

Good luck!