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Updated about 8 years ago,
Is putting in a fence worth it?
Hi everyone - I've been floating around BiggerPockets for a while now, but haven't started to actively participate and track posts until recently. Excited to start sharing my experiences and posting my questions!
A little background: Hubby and I purchased an upper/lower duplex a few years back, remodeled majority of property, including decks, and allow dogs for a $25 per month pet charge plus $300 pet deposit. 2/1/1 units at $800/mo in Janesville, WI.
I am pushing to get a split fence installed on the property - the yard is currently shared between both tenants who both have dogs, and I would like two separate fenced areas for them to let the dogs out without tying them. I feel that if we install a fence, we could charge a bit more each month, while also being more attractive to long term tenants that need a large-dog friendly home (which, in my opinion, is hard to find in our area). Based on the quotes we've received (.32 acres, ~$5,000 for the fence), my husband doesn't see the value and would rather put that money towards a deposit on another multi-unit.
Does anyone have experience in installing fences and seeing a better turnaround in tenants, or that have had a positive experience in higher rents and longer staying tenants due to a fenced yard? Any advice would be greatly appreciated.