General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago on . Most recent reply

What Pet Rents/ Deposits are you charging now?
Hello everyone! I searched on Pet Fees and found some info. from about 3 years ago... all good stuff, but I thought it was time for an update. I like the idea of increasing the normal security deposit, instead of charging a pet deposit or fee because a pet deposit could cause you to have to argue whether the pet or the children ruined the carpet. A non-refundable pet fee removes the incentive to keep the place clean. Sure, you get the money up-front, but once the tenant knows they are not getting that money back then all bets are off. So, I believe a reasonable solution may be to raise the regular security deposit by $200-300 (local laws providing).
Now, what about rent for the pet? People love their pets - and I love my pets also, and I believe $15-$45 per pet, based on size, is fair. Under 20lbs = $15; 21-45lbs = $30; > 45lbs = $45... what are your thoughts? And, what is marketable in your area of the country? I live and own property in the far NW suburbs of Chicago. Thank you all in advance!! I cannot wait to hear your insights and ideas :-)
Most Popular Reply

People with pets generally speaking are much more stable