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Re: PET FRIENDLY ADDITIONAL SECURITY DEPOSIT AND RENT
by Garry
on January 23, 2019 @05:29
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First, let me just say that I am in Iowa, and do not know what PA,s laws say about security deposits. Ia LL/T laws say we can charge a max of 2 times whatever the rent is, for the SD. And a pet deposit is included in that. You really need to look up PA,s LL/T laws to see what they say. That being said, to me, being "pet friendly" doesn't just mean that you allow pets, but that they are allowed at a "reasonable cost". Many LLs in my area, for that same rent, would charge $200-$400 per pet, above the 1 months worth of SD. Some charge an extra $15-$35 per month "pet rent".
What it comes down to, is, what is your competition charging? If your comp. is only charging $300 as extra SD for a pet, why would a prospective tenant want give you more than double that amount for that same pet? What you could do, is call up a few apartment complexes in your area, pretend you are a prospective T, and ask what they charge for pets. This is no different that trying to figure out what you should be charging for regular rent. If your rent is way above everybody around you, you won't get any takers. But if you are "in the ballpark" you should get it rented fairly quickly.
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