Pets and ancillary revenue

The benefits of having pets on property are extensive, from happier residents and increased social opportunities to providing a generally more attractive place to live. Allowing pets can serve as a boost to the revenue stream as well. A responsible pet policy can have a helpful impact on…

The generation of additional funds is invaluable, as the proceeds can be used to make capital improvements, invest in technology and bolster onsite training processes. But any fees charged beyond rent must genuinely add value for residents and not give them the perception they are being price gouged.