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Updated almost 3 years ago on . Most recent reply

User Stats

33
Posts
7
Votes
Robert Raffalo
  • Rental Property Investor
  • Plantation, FL
7
Votes |
33
Posts

What Pet Rents/ Deposits are you charging now?

Robert Raffalo
  • Rental Property Investor
  • Plantation, FL
Posted

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

User Stats

303
Posts
240
Votes
Robert Biggerstaff
  • Contractor
  • Pensacola, FL
240
Votes |
303
Posts
Robert Biggerstaff
  • Contractor
  • Pensacola, FL
Replied

People with pets generally speaking are much more stable

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