Do you have a pet-friendly policy at your apartment community? If not, you could be missing out on a growing breed of renters. In fact, there has been 32% increase in the number of renters who own pets today compared to last year, according to an Apartments.com national survey. These finding may be a sign of an improving U.S. economy as the struggling economy has played a strong role in the first decline in pet ownership since 1991, according to the American Veterinary Medical Association.
While renting with pets may be on the rise, survey respondents said finding an apartment that allows pets was somewhat grueling, or often came with some hefty fees and deposits. More than 60% of renters surveyed said they faced some challenges in finding accommodations for them and their pet, and 63% said they were required to pay a pet deposit.
As you can imagine, pet policies play a major role in a renters decision of where to live and can be a deal-breaker for many. Personally, I know that I could never live somewhere that wouldn’t allow me to bring my two beloved cats Simone and Pierogi.
Not only do I consider them an extension of my family, but there are also very helpful around the apartment. If I didn’t have them…
Who would help me with important projects around the house, like folding laundry?
I digress, I digress…
The good news for all us pet-loving renters is nearly 80% of respondents said they live in a pet-friendly building, indicating both landlords and residents without pets are increasingly recognizing that pet owners are, for the most part, responsible and respectful neighbors. If fact, nearly 60% of renters surveyed that do not own pets, said they still enjoy living around others with pets.
For more information on the results from the Apartments.com pet survey, check out the infograph below and read the full press release.
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Have you noticed a growing number of prospects inquiring about your pet policy? Do you charge pet owners any additional fees and deposits? Tell us about it in the comments below.
[...] own pets, they’re in the minority. That’s the finding of a new Apartments.com survey, in which a full 75% of renters said they owned one or more pets. That’s up a staggering 32% [...]