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How Much to Charge for Pet Rent?

Today we will be covering how much to charge for pet rent! Make sure to check out DoorLoop today: https://go.doorloop.com/free-demo-how... So, it’s important to accommodate their furry friends– or accept that it might be harder to fill your vacancies. In fact, according to the American Pet Products Association’s (APPA) 2022 National Pet Owners Survey, a whopping 70% of U.S. households– 90 million families– own a pet. More significant is the fact that the number has been steadily increasing for decades, with it being just 56% in 1988 and then 67% recently in 2019. If that’s convincing and you’ve decided it makes sense to you to allow pets, the next question is then how much to charge for pet rent. Even if you aren’t quite convinced whether it’s the right move for you, we’ll review the pros and cons as well as what the difference is between pet rent and pet deposits. Together, the goal is to give you the full picture so you can make an educated decision about what is best for you and your properties. Learn more by reading our blog: https://go.doorloop.com/how-much-to-c... 0:00 Welcome 0:55 What is the difference between pet rent vs. pet fee vs. pet deposit? 1:08 Pet rent 1:33 Pet deposit 1:54 Pet fee 2:18 A note on charging pet rent, fee, or deposits for service and assistance animals 3:16 Pros and cons of pet rent (and allowing pets) 3:28 Pro: Charge more for rent 3:41 Pro: Access to a larger pool of renters 4:00 Pro: Reduced turnover 4:24 Con: Potential property damage 4:42 Con: Potential noise complaints and disturbances 4:56 Con: Potential lawsuits in rare occurrences 5:11 How much should you charge for pet rent? 5:57 What to include in a pet addendum on your lease 6:27 Should you rent to tenants with pets? Is pet rent worth it? Our social Media: IG:   / doorloopapp   TikTok:   / doorloopapp   Facebook:   / doorloopapp   LinkedIn:   / doorloop   Twitter:   / doorloopapp   #propertymanagement #propertymanagementaccounting #propertymanagementsoftware Category: Leasing ‍‍ Disclaimer: This video was produced by DoorLoop and is the intellectual property of DoorLoop. The creator featured in this video is an employee of DoorLoop. The prices mentioned in this video are accurate as of the time of recording. However, prices are subject to change at any time without prior notice. We recommend checking the official website for the most up-to-date pricing and offers. These videos are for educational and entertainment purposes and are not offering legal advice. Opinions expressed in our videos do not reflect DoorLoop's stance as a company.