We love our pets and renters are sometimes forced to forego their choice of rental property because landlords don’t allow pets, but would you be prepared to pay monthly rent for your pooch or kitty?
The word is that it’s becoming a thing throughout the U.S. with payments of between $10 and $50 dollars routinely being charged for pet owners.
In theory the payments are charged to cover additional costs but that’s not necessarily true in practice; often the premiums are charged just because landlord can.
One Oregan property manager was advised to charge pet rent by her financial adviser to boost revenues and with 400 properties in her portfolio that adds up to a nice extra income.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: