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Pets not only are present in designated pet areas—they’ll also regularly traverse a property’s other outdoor spaces and common areas. Naturally, they also spend many hours within the apartment home in which they reside. More pet activity in those spaces creates more chances for damage.
The top storylines in multifamily this week are irresistible amenities, improvements to drive NOI, avoiding rent concessions, tech and the human touch, collecting rent in today's economy, pet data, the modern American Dream, maintenance appreciation and Chicago set to boost multifamily supply.
While the pet-centric policy change is a bold move and sure to attract pet-owning residents, more pets on-site mean more challenges with property upkeep. Fortunately, property teams can take a proactive approach to maintenance to help ensure things operate as smoothly as possible.
Crafting the ideal pet policy for your portfolio can be a challenging undertaking. On one hand, you have today’s renters, who are more passionate about their pets than ever. According to a 2023 survey by Cortland, pet policies are the top consideration for dog-owning apartment residents.
While understanding the nuances between service and support animals, the specific questions that can be asked and proper protocols for handling the requests are paramount, property teams should also understand the context behind the uptick in requests.
The top storylines in multifamily this week are incentivizing rent, broader thinking on retention, satisfaction in senior housing, the 2024 social media marketing report, substance over style in social media, prospects in SF turning to TikTok, SCOTUS won't hear rent cases and ending dog breed restrictions.
The top storylines in multifamily this week are crafting pet policies, Hamilton Zane CEO on the 2024 outlook, the missing middle housing, building a tech stack, using tech to cut expenses, word-of-mouth marketing, zoning and development, high-risk housing and challenges to economic recovery.
Part of the reason the industry fell behind on the pet-friendliness meter is due to standardized policies, many of them antiquated and replete with many of the restrictions and concepts mentioned above. A perfect pet policy is one that covers the general bases above as well as the…