New unintended niche
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
New unintended niche (by BRAD 20,000 [IN]) Jan 13, 2022 12:42 AM
       New unintended niche (by BRAD 20,000 [IN]) Jan 13, 2022 12:44 AM
       New unintended niche (by LeePookie [IN]) Jan 13, 2022 7:06 AM
       New unintended niche (by RentsDue [MA]) Jan 13, 2022 8:22 AM
       New unintended niche (by RB [TN]) Jan 13, 2022 10:01 AM
       New unintended niche (by Oregon Woodsmoke [ID]) Jan 13, 2022 11:34 AM
       New unintended niche (by Oregon Woodsmoke [ID]) Jan 13, 2022 11:39 AM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

New unintended niche (by BRAD 20,000 [IN]) Posted on: Jan 13, 2022 12:42 AM
Message:

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!

BRAD

--73.102.xxx.xxx




New unintended niche (by BRAD 20,000 [IN]) Posted on: Jan 13, 2022 12:44 AM
Message:

PS little dogs chew and pee and bark. Big dogs just lay around.

We did the 2 Minute In Home Visit on each and met the dogs.

We have ZERO animal damage.

BRAD --73.102.xxx.xxx




New unintended niche (by LeePookie [IN]) Posted on: Jan 13, 2022 7:06 AM
Message:

So true. Folks EVEN buy pet insurance for their fur-babies!!!

We became a 2 dog family from 20 plus years of only cats 3 years ago.

Pookie would pick "the girls" over me any day!! --96.31.xxx.xxx




New unintended niche (by RentsDue [MA]) Posted on: Jan 13, 2022 8:22 AM
Message:

I’ve been watching this niche market. The only places around here who accept large dogs are 2 very large complexes. Their rents are insane. Several insurance agents have told me that the insurance would eat up the profits . If I go over the border into Connecticut, it would be profitable. I already require rental insurance , but agent says that does not negate me of any liability. This is confusing because applicant just has to claim “ emotional support animal” and then I still get the risk without the extra money. I want the extra money. Still hesitant though. The one tenant who snuck in a dog snuck in a big lab. It did plenty of damage. I have large professionally trained dogs and they are no angels. Not because they are bad, because they are big and don’t always think before they act. --68.191.xx.xx




New unintended niche (by RB [TN]) Posted on: Jan 13, 2022 10:01 AM
Message:

" We have Zero animal damage".

Meaning none or nothing.

Let that sink in, class. --24.183.xxx.xxx




New unintended niche (by Oregon Woodsmoke [ID]) Posted on: Jan 13, 2022 11:34 AM
Message:

I have properties with large fenced yards and I would normally accept up to three carefully screened dogs. But now the majority of my houses are in HOAs that limit pets to two per house. Still, two dogs and a nice fenced yard gets me some really nice renters, often homeowners who got the pets while they owned their own home.

My opinion, there is something mentally wrong with a lifetime tenant who obtains two or three large dogs when they know they will always be a renter. --76.178.xxx.xxx




New unintended niche (by Oregon Woodsmoke [ID]) Posted on: Jan 13, 2022 11:39 AM
Message:

All dogs are interviewed and carefully screen so I know what breed they are and how well they are trained and cared for before they are approved.

I prefer large dogs because they tend to be quieter and easier to house train. But some of the breeds, the gun dogs and terriers, can be wild and crazy puppies, so I don't allow puppies of any breed.

Hard surface flooring makes a house more attractive to dog owners and it limits the damage a dog can do. Most dog damage (not all) is carpet damage. --76.178.xxx.xxx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: New unintended niche
Your Name:
Your State:

Message:
New unintended niche
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: