A girl pet owner playing with her dogDo your tenants own any pets? If not, there’s a good chance they will at some point. More and more people are becoming pet owners. According to a recent survey by Apartments.com, 75% of renters claimed that they had one or more pets in the home. This is an increase of 32% from what it was last year. To no surprise, cats and dogs are the most commonly owned pets with property renters.

Property Management Pet Trends

Out of the renters surveyed, 65% of the pet owners claimed that they had experienced some problems when trying to find pet-friendly properties to rent. Roughly the same amount, 63% of renters, said that they were required to put down a pet deposit on their rental. In most cases, this pet deposit was $200.

What property managers and owners will find interesting is that 58% of the renters who did not own a pet claimed to have intentionally sought out a pet-friendly property. The number of renters surveyed living in pet-friendly properties increased by 59% since last year. Property renters who do not own pets are wanting to live near pet owners or have the option to become a pet owner in the future.

Should Property Managers Be Pet-Friendly

There is definitely a trend in property rentals which shows that people are actively looking for rental property that allows pets. It also shows that these pet owners are willing to pay additional costs for this benefit. If you are not allowing pet owners to become tenants in your properties then you are missing out on a large subset of renters. When we take into consideration that 65% of pet owners claimed having difficulties finding a pet-friendly rental, this gives you a competitive advantage by allowing pets in your units.

Are you looking for a property manager to help with the renting of your property? National Property Management Group can help you rent that home to a well qualified lessee. If you find yourself relocating to the Kansas City Metro area we can find the perfect place for you to call home until you get acquainted with our beautiful city and decide to buy.