All Forum Posts by: Randy Lehey

I agree with Greg S., I charge extra pet rent, plus take a few hundred in extra deposit. I make more money on tenants with pets. It is an additional income stream, even if it is small. Sure, occasionally there will be damage, but overall I will come out ahead. Every extra percentage in rent that I can get increases my cashflow percentage by probably 4X that amount. I don't understand the people who simply won't accept pets. Isn't there some dollar amount of extra rent that would make it worth it?

Hey Clayton,

I have a mentor here in Madison that thinks the same thing, but in my opinion I don't see how it's worth it unless you have a bunch of properties. I currently am owner occupying my first duplex. So let's say I charge an extra 30/month for the pet. 30x12 = $360. The dog destroys a wall or carpet and I could easily foresee that 360 going into the red. Sure I can pull more out of the security deposit, but all the time spent fixing whatever issues arise just don't seem worth it, but maybe I'm wrong. Am I doing the math wrong somewhere?

Thanks,
Randy

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Awesome! Thanks for the quick replies everyone!

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I'm currently in the process of releasing my duplex and I've never been a big fan of having animal in my unit. I recently had an application that looks good on paper, but he has a dog. I am considering allowing this guy with the dog under the condition that the dog is actually well behaved.

I was wondering if this is ok to do / legal? Can I make offering the unit to this person contingent on if the dog checks out or is that a no no?

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All Forum Posts by: Randy Lehey

Randy Lehey has started 1 posts and replied 3 times.

Post: Qualifying a tenant with a dog

Post: Qualifying a tenant with a dog

Post: Qualifying a tenant with a dog