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Brent Williams' Apartment Blog

Thoughts, comments, and ideas about the overall multifamily industry, as well as a property-specific focus on resident retention and apartment marketing.

What are the Top 10 Most Commonly Collected Types of Ancillary Income?

What are the Top 10 Most Commonly Collected Types of Ancillary Income?

Over the past few months, we developed a research study on apartment community use of Ancillary Income, and to start off, we wanted to develop a comprehensive list of the most common types of income in this vein.  In total, we amassed a list of dozens of types of income, although please feel free to add your own in the comments so we can improve this research in the future!  You can download the entire list of ancillary income types, as well as see how much communities are charging for application fees, admin fees, pet rent, and a variety of other charges and fees. 

Here are the 10 most commonly collected forms of ancillary income:  (Percentage shows percent of responders who collected that type of income)

Application Fees

92.09%

Late Fee

87.05%

Pet Rent

82.73%

Early Termination

71.94%

Month to Month Fee

67.63%

Water

58.99%

Parking/Garage Fees

54.68%

Admin Fees

53.96%

Trash

53.24%

Washer/Dryer

42.45%

 

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