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October 13, 2023
Taking your furry friend along on a vacation is always a joyous experience. As a vacation rental host, pets are a great revenue stream for you. Unfortunately, damages caused by pets can also give rise to concerns. Fortunately, an effective way to mitigate the risk is through a pet fee. But, what’s the sweet spot? You don’t want to scare off potential guests with an excessive fee, but you also don’t want to undervalue the convenience your rental offers to pet owners. In this article, we will guide you to set a reasonable pet fee that benefits both sides. Read on to find out more.
Some guests tend not to take adequate measures to prevent their pets from causing damages to the vacation rental. If a problem goes unnoticed at the rental, it can multiply, leading to costly damages. From a host’s standpoint, making a small fortune on pet fees may seem like a good idea, but, from a guest’s perspective, paying an excessive fee can be a turn-off. Therefore, setting a fair amount that benefits both parties is the best option to attract guests who wish to travel with their pets and ensure that you are not out of pocket if anything goes wrong.
Setting a pet fee that's in line with the local average is sensible. It’s advisable that you do a comparative analysis of the fees other vacation rental hosts in your area charge. Keeping an eye on your competition is crucial when deciding on the final fee. Take note of the amenities that come with pet-friendly stays. For instance, if other hosts offer bigger yards, extra bedding, or bowls for pets, all of these are factors that can impact the pet fee.
Before you set a pet fee, do your research on what the competition is charging, and give some thought to your rental property's unique features, such as the size of the yard and the surrounding neighborhood. Setting a fee too high can make the rental a less attractive option for potential guests that travel with pets. While this may seem like a great strategy to hedge the risks, offering an affordable and fair pet fee will keep you competitive and attract more guests interested in traveling with their pets.
If your rental has a fenced backyard, or other features suitable for pets, you can add extra value by highlighting these amenities on your rental listing. Guests with pets love vacation rentals that cater to their furry loved ones. Offering amenities such as dog beds, pet crates, or toys are nice-to-have features that will make their stay more enjoyable, and it will create a memorable stay experience for both guests and pets.
In conclusion, determining the perfect pet fee requires careful consideration. Remembering the implications of both charging too much and too little can be the best way to ensure you get this aspect of your vacation rental spot-on. Knowing the standard pet fee in your neighborhood, offering amenities that cater to your guests and their pets, and making sure your rental is inviting to the four-legged companions are some of the primary things to keep in mind. By following these tips, you'll attract pet owners to your vacation rental and ensure that you both have an amazing experience.
Since pioneering dynamic pricing for the short-term rental market in 2013, Beyond has helped thousands of users price millions of listings and generate billions of dollars in revenue. Beyond’s unparalleled access to and analysis of real-time, advanced global short-term rental data powers its ability to unlock, inform, and automate action for every kind of hospitality business.
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