What is your policy on pet deposits? I am considering renting to a couple that has a dog and also works at an animal shelter ( so they might have an occasional additional animal) The place needs new carpets so I was thinking if I told them in lieu of replacing the carpets I wouldn't charge a pet deposit. What is your thoughts on that? I am charging a little higher rent than the previous tenants. just bouncing ideas!
I'd still get a pet deposit from them.
Pets damage all kinds of things that you would never even think of until you see it. The carpet is the least of your worries. Trim, cabinets, doors, HVAC etc. can all be easily ruined by a seemingly harmless pet.
I'd be quite leery about renting to somebody who will be bringing random animals in and out of the apartment. All the more likely that they'll end up with one that will wreak havoc on the unit.
I make no assumptions about a dog being good or bad.
Pushing replacing carpets off for another turn over sounds like a fair compromise.
Hmmm, interesting idea and always one I run around with when asked. The problem is that pets ruin more than carpet (like sub-flooring, trim, blinds and yards). I wouldn't waive the fee.
I charge a $200 non-refundable pet fee and then an additional $10 per month per pet. I only ever have dogs though so I'm not sure how to work that with other pets.
I have a tenant who has two dogs and a ferret. Unfortunately, I now have cockroaches because they're attracted to ferret feces. Out of 6 units, only one is allowed to have pets because I bought the property with tenants in place and she was grandfathered in. Be sure, if you allow pets, to be specific about what kind of pets are allowed. Fish tanks can break and ruin flooring, ferret's attract roaches, cats spray, etc.). I won't be allowing any future pets in my building...
Great advice guys. I think this was more of a sanity check for me to make sure I keep focused. Thanks !
I'd agree about the deposit. Shelter/rescue animals are not always very well socialized- that's why they get taken in to foster home, to help them learn how to behave. If they're going to be learning in your house, you want to be protected. You might also make sure you have a limit on the number of animals at any one time, just in case these animal lovers get a little too enthusiastic...
I would think that people working in an animal shelter would be extremely knowledgeable about how to keep things clean and not damaged. I know several people that routinely foster dogs and volunteer at shelters, and their homes are kept very clean. I would have no issues waiving a pet deposit for them for not changing the carpet, but I would specify their dog in the lease and only 1 other dog in addition at any given time. The people I know who foster own their own homes, so no landlord issues, but they usually have 3-4 dogs at any given time, and you'd likely want to eliminate that scenario right up front in the lease.
I charge a small additional pet rent, but always a refundable deposit, not a pet fee. My logic behind this is that the pet owners have more incentive to make sure the pet is taken care of in a manner that limits its ability to cause damage if they know they can get some or all of their deposit back. With a pet fee, they are likely to assume they've already made the payment, so what does it matter... just my 2 cents though.
@Michael Sherwood - I charge a $200 non-refundable pet fee and then an additional $25 per month per pet. For dogs we have breed limitations and 20 lbs max. No cats.