pet deposit

[Michael Sherwood]

What is your policy on pet deposits? I am considering renting to a couple that has a dog and also works at an animal shelter ( so they might have an occasional additional animal) The place needs new carpets so I was thinking if I told them in lieu of replacing the carpets I wouldn't charge a pet deposit. What is your thoughts on that? I am charging a little higher rent than the previous tenants. just bouncing ideas!

Mike

[Elizabeth S.]

Hmmm, interesting idea and always one I run around with when asked. The problem is that pets ruin more than carpet (like sub-flooring, trim, blinds and yards). I wouldn't waive the fee.

I charge a $200 non-refundable pet fee and then an additional $10 per month per pet. I only ever have dogs though so I'm not sure how to work that with other pets.