LOS ANGELES (AP) — Man’s best friend is taking a bite out of renters’ wallets.
Pet security deposits register in the hundreds of dollars and are getting steeper. Now, a monthly rental payment ranging from $10 to $50 is quickly becoming the norm, adding to the cost. Apartment managers nationwide say they require some safety net against pet damage, while others won’t allow animals at all.
The rents and deposits pay for dog-poop picker-uppers, cleaning services and more, but some managers say they charge because they can. Many residents decry the move, arguing they are being bilked to keep their cats and canines.
“One out of 50 people will say, ‘I can’t believe you charge pet rent,’ but most accept it,” said Stacy Leighty, who manages over 400 properties in Salem, Oregon, and added the monthly fee after her financial adviser said it would boost revenue and is becoming more widespread.
With millions of people living in apartments, loads of pet owners are facing extra costs. That’s something Fred Lopez, of the small Los Angeles suburb of Hawaiian Gardens, isn’t happy about.
“They are exploiting the fact that more and more people have pets,” he said. “First they ask for a deposit, then rent. How much more are they going to try and squeeze out of us?”
Lopez, his girlfriend and their Pomeranian recently moved from an apartment where the manager charged $50 a month in pet rent. Lopez, 38, called the cost “ludicrous and another way to gouge people for money.”
Two years ago, pet rents were few and far between, said Tammy Kotula, a spokeswoman for Apartments.com, the Chicago-based online listing subscription service that tracks owners and renters.
This year, 78 percent of renters who worked with the company and voluntarily filled out questionnaires said they paid a pet deposit, Kotula said. Of those, 29 percent also paid monthly pet rent. That’s up from 63 percent who paid pet deposits last year — 20 percent of whom also reported paying rent for their animal.
Read more: http://m.cnsnews.com/news/article/spot-will-cost-you-pet-rents-become-apartment-fad
As a note: Crossroads has been charging a $250 pet deposit that is returnable if there are no damage. At this time, we are also moving toward charging a $10 a month rental upcharge. We believe pets need to be negotiable (see our other blogs on the subject) but there needs to be protection in place for the owner. We limit the size and breeds.