My new “Niche”? People with 2 large dogs!
One new res commented we were the only LL willing to accept her 2 big lazy labs. Another said some LLs were even nasty when she asked about bringing her German Shepherd mix and a mutt. Another has 2 large breeds, HAPPY to find a LL and a yard with a fence.
I have already pushed rents on turnovers to a “Let’s try it and see if anybody bites - nothing to lose” level.
Over Christmas and New Years (you know, the time of year newbies think it’s impossible to rent!) we rented 3 homes. Each for about $150-200 more that the highest I would have expected.
We LOVE pets so these three each brought 2 dogs so they are each paying an ADDITIONAL $300 Non-Refundable Animal Registration Fee and $70 pet rent per month ON TOP OF the amazingly high rents. None of them even blinked when I added up the move in amounts. Happy to find a place that would take them with their dogs.
So we brought in $900 fees up front, an extra $70 x 3 = $210 per month or $2520 per year x how many years will they stay?
All this on top of the $150-200/ month per house = approx $600/mo = $7200/year ON TOP of the rents.
On just these 3 houses in just THIS YEAR ONLY I increased our income by $900+2520+7200= 10,620 by taking pets!
Next year will be $9720, again and again.
See why I LOVE pets!
Timid Landlords Raise Skinny Kids! Don’t be timid!