The Facts - Why Properties That Welcome All Cats and Dogs Are More Profitable

Restrictive pet policies don't make financial sense for rental properties – the facts prove it!

Pet ownership continues to rise. 65% of households in the US now have pets (source: APPA) and 72% of renters have pets (source: Apartments.com); that means the pool of non-pet owners is going to keep getting smaller, and properties that restrict pet owners are missing out on the majority of highly qualified renters.
The average income of dog owners is higher than that of non-dog owners (source: APPA).
50% of all dogs owned in NZ are over 25 lbs., so size/weight restrictions dramatically narrow the potential pool of highly qualified renters
Dog ownership is highest among younger generations (source: APPA).
Only 10% of renters have ever lost a security deposit due to a pet (source: rent.com)
The average length of residency of renters with pets is over twice that of renters without pets (source: FIREPAW).
Pet owners statistically do no more damage to rental units than non-pet owners (source: FIREPAW).
National protections for service and assistance animals do not permit breed or weight restrictions.

The facts are clear: properties that welcome all cats and dogs, regardless of breed or size, can pick from the largest pool of highly qualified prospective residents, and they actually save money because their residents stay over twice as long in their units with no increase in damage or other costs.