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 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
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 7 years ago on . Most recent reply

User Stats

9,365
Posts
6,552
Votes
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,552
Votes |
9,365
Posts

Pet Rents: How I Am Increasing Cash Flow

John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Posted

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!

Most Popular Reply

User Stats

4,356
Posts
1,725
Votes
Sam Shueh
  • Real Estate Agent
  • Cupertino, CA
1,725
Votes |
4,356
Posts
Sam Shueh
  • Real Estate Agent
  • Cupertino, CA
Replied

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


Loading replies...