Pet Rents: How I Am Increasing Cash Flow

[John Thedford]

After seeing several posts regarding pet rent, I decided it is a perfect way to increase cash flow. I used to charge $300 PET FEE for new tenants. After the first year, I didn't collect another time upon renewal. I used to tell tenants that was a one time fee as a sales pitch. It worked. Now as I am writing new leases, I am collecting pet rent. $25 per animal. Over the course of a year, that equates to $300 EACH AND EVERY YEAR. One new tenant has two dogs. That equates to $600 per year and they want to stay additional years. Another new tenant has one small dog. At $25 per month, after the first year that equates to $300 PER ADDITIONAL YEAR without raising rents. Thanks BP members for teaching me how to increase cash flow!

[Sam Shueh]

IMO-The chemicals used to clean dog pee and subflooring replacement exceeds the income.