Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

32
Posts
5
Votes
Daryl L.
  • Rental Property Investor
  • South East Louisiana
5
Votes |
32
Posts

Pet Fee vs. Pet Deposit

Daryl L.
  • Rental Property Investor
  • South East Louisiana
Posted

I'm in a unique position where I'm a landlord and a tenant due to my job which has me travel for long-term projects. I have 3 rentals and I grew up in a rental family (father owns 30+ from single-residence, to efficiencies, to commercial) so I understand the pains that come with all of that. I'm fairly new to renting (only been doing it really for the past 2-3 years for work) and something I often run into is Pet Fees.  I have a 150lb Great Pyrenees/Mastiff mix who travels everywhere with me so when I find a place it has to be pet friendly. In all of my rentals I ask to meet the animal and evaluate on a case-by-case basis if I have any reservations and I charge a refundable pet deposit (if the animal doesn't cause any extra damage, I don't keep the deposit).

My question is do you charge a non-refundable fee or a refundable deposit, and why?

Most Popular Reply

User Stats

446
Posts
565
Votes
Anna Sagatelova
  • Property Manager
  • Cleveland, OH
565
Votes |
446
Posts
Anna Sagatelova
  • Property Manager
  • Cleveland, OH
Replied
Originally posted by @Austin Mountain:

@Daryl L. kid damage far outweighs pet damage.  I'd take a young couple with two dogs over a family with two kids.  You can charge extra for the dogs, they cause less damage and your tenants are more likely to stay longer.  Everyone wins.

 Except you can't discriminate against familial status/kids.

Agreed that kids do cause more wear and tear and damage to a property, but a protected class is a protected class.

Loading replies...