Should you consider accepting pets in your rental property? If you don’t, what percentage of the renter pool are you eliminating? Recent data shows that Millennials have replaced Boomers as the largest US pet-owning population.
GfK’s data show 51.6% of all US households own a dog or cat; among Millennial households, the percentage rises to 57%, with another 20% reporting they intend to get a dog or cat. Further, pet-free Millennials are 39% more likely to own dog or cat in the future, GfK says, and are 77% more likely than any other generation to get a dog or cat while unmarried and not a parent. In other words, they’re becoming pet owners earlier in their adult lives while simultaneously putting off other, more traditional life changes. We have a Pet Program that may just convince you that accepting pets is a wise choice to make. Give us a call to learn more about it!