Pet fee, or pet rent. Preference?

[Roger S.]

We have always taken a non refundable pet fee, varying between 200-300 bucks.   But I've talked to fellow landlords in the area and they mostly add additional rent for pets, between 25-50 bucks a month.  Which do you guys see as preferable?   Or maybe a little of both?  100 dollar fee and 25 bucks a month?  

[Bab Adetiba]

I recently discovered landlords charge a monthly fee and since then, we do also. In addition to a non-refundable deposit. You'd be amazed - or not - what tenants are willing to pay for their pets on a yearly basis and how that really improves your first year return.