I know this isn't the most popular opinion, but I don't charge a pet fee. Around 60% of households have a pet, so odds are you're going to get applicants that have pets. I don't want to discourage good people from applying. I just factor the pet into the rental price for everyone. I also require a security deposit that reflects potential damage by a pet.
The system is so screwed up that if you ask for a pet fee, the pet suddenly becomes an Emotional Support Animal and for $25 some quack over the internet diagnosed your potential tenant and provided them a letter stating that it is a must they be allowed to have the pet(s). Now you're screwed on pet fees, raising the rent, or increasing the security deposit. Better to get ahead of the pet situation.
@Robin C. I can't speak for Atlanta, but here in the Boston area my company charges $30/month for Cats and $60/month for dogs. No pet deposit can be collected in MA. At my own personal properties I charge $25/pet.
I charge a $250 pet deposit and $25 "pet rent" per pet per month. If they have 2 pets then I'll do $400 and $40 and if it's more than that i usually find a more qualified applicant.
You probably want to check with your insurance company to make sure you can have pets. Generally there is a list of dog breeds that are black listed from insurance companies.
You should also have a written pet policy with a maximum number of dogs and cats, other species of animals you will allow or ban, and max size of a fish tank.
We usually charge a $250 nonrefundable pet deposit (regardless of how many pets), allow up to 3 pets but no more and charge $25/month for each pet (i.e. up to $75/month). We also don't allow dangerous breeds.
I have just started doing this but I look at the cost of carpet replacement of the home and divide that by 12 and thats how I get to what I charge for additional monthly pet rent because often times I have to replace all the carpet because of the pet. If it's super high then it deters renters without pets which is fine with me.
I know this isn't the most popular opinion, but I don't charge a pet fee. Around 60% of households have a pet, so odds are you're going to get applicants that have pets. I don't want to discourage good people from applying. I just factor the pet into the rental price for everyone. I also require a security deposit that reflects potential damage by a pet.
The system is so screwed up that if you ask for a pet fee, the pet suddenly becomes an Emotional Support Animal and for $25 some quack over the internet diagnosed your potential tenant and provided them a letter stating that it is a must they be allowed to have the pet(s). Now you're screwed on pet fees, raising the rent, or increasing the security deposit. Better to get ahead of the pet situation.
@Robin Cornacchio in San Antonio for a pet 30 pounds and below the deposit is $300 anything over 30 pounds the deposit is $400 half of it is refundable depending on the condition of the house. Any additional pet is a non refundable charge of $125
@Robin C. if there is strong demand for your rental and it's a nicer A or B neighborhood than absolutely charge a premium for both the non-refundable and monthly fee.
There is typically very strong demand for rentals that allow pets anyways so you should always charge both.
I charge a $250 pet fee plus $35 per pet per month. Most tenants have pets so if you prohibit them you are losing a great deal of the market. I understand the potential of damage but I think it’s worth it.
Does anyone else do what @Greg M.does and not charge a pet fee? I just had a tenant last week tell me he was getting a service dog after being in the house for about 6 months.
@Robin C. I charge a $300/pet non refundable pet "fee" I wouldn't call it a deposit as to not have problems later and be very specific. I personally like dog owners and haven't had any problems, but all of my homes have hardwoods or laminate so usually not a problem. Dog owners know most landlords don't allow pets and the one's I've had go above and beyond to make sure there are no damages and make good tenants. I make them sign a GAR pet exhibit and list the pet's name, breed, size & that's the pet had it's shots/license.
Does anyone else do what @Greg M.does and not charge a pet fee? I just had a tenant last week tell me he was getting a service dog after being in the house for about 6 months.
In Minnesota (and I believe every state), service animals are exempt from any pet fees and rules. Basically we have to pretend the animal doesn't exist. We have to allow them in buildings that don't allow pets, because technically they aren't "pets".
My personal bias is I don't allow dogs. If I did, I would charge $1000 per month per dog. I have two bad experiences. The first was when a tenant's pit bull attacked me. I was very fortunate, escaping with just minor injuries, a few stitches to my Achilles area of my ankle. The bottoms of my jeans legs were shredded, so it could have been a lot worse.
Another incident, the Labradoodle my wife made us get started a small fire on our stove. She started some chicken on fire which I (stupidly) left on top of the stove. She turned the burner knob in an effort to reach the chicken. The fire was fortunately confined to the chicken, but it was burnt solid black. This occurred when I had to take my son to the hospital, didn't take a moment to check the stove, and returned to home to a smell of smoke.
@Mike Nelson That's scary about the pit. In Ohio you'd be allowed to shoot that thing for attacking you. One reason I carry when I'm out landlording lol.