Citing a joint PetScreening-J Turner Research study, only one in four apartment residents supports breed restrictions while just one in five is in favor of weight restrictions. In addition, many insurance companies have removed pet breed restrictions from their general liability policies.
Apartment operators didn’t always have a bevy of data at their fingertips to help steer them toward more intuitive property procedures. But that’s no longer an excuse, as newfound pet data has made a compelling case for operators to overhaul their policies.
Headlining this week’s multifamily news: PIHI report says operators and residents win with pet friendly policies, financial amenities that benefit everyone, making evictions a corporate task, apartment completions reach a 20-year high, investors seek build-to-rent opportunities, and the growing role of life insurance companies in multifamily.
When non-pet owners were asked what their top three pet-related concerns are, it wasn’t fear, aggression or biting that topped the list. It was nuisance issues such as pet waste, excessive barking and unleashed dogs that perturb them the most.
Survey data indicates that an overwhelming 71% of residents support charging higher pet fees for irresponsible pet ownership. This includes failure to pick up after pets and repeated off-leash instances. It also factors in pet misbehavior, such as incessant barking and aggressive behavior.
This week’s top multifamily storylines include ways to make housing more affordable, product knowledge in leasing, addressing the package management burden, construction delays continue, questioning the suburban push and caring for pet-owning residents.
Inside this issue of the multifamily Industry Trends Report: making business intelligence intelligent, mixed response to Texas lifting mask mandate, residents citing pets as the reason they had to move, NMHC’s expanded commitment to diversity, equity and inclusion, the merger of RPM and CF Real Estate Services and single-family rental values.
According to the Multifamily Pet Policies and Amenities Survey recently released by PetScreening and J Turner Research, 26% of pet-owning respondents indicated they acquired their pet during the pandemic. The rate climbs to 39% when narrowing down to student-only respondents.
Data from the Pet-Inclusive Housing Initiative reveals nearly one in four apartment residents say their pet has been a reason for needing to move. The 24% figure translates to approximately 5.5 million renting households that have been displaced or voluntarily sought a new home as a result of their pet.
The top multifamily storylines this week include: how pandemic adjustments are reshaping the industry, how to create a synergistic company culture, remembering non-pet owners when crafting policies, how boredom in the burbs may help downtown rebound, property managers on the road to getting vaccinated, and why Facebook Pixel is something to care about for marketers.