All the multifamily news you need
Ultimately, survey data reveals that pet-friendly properties carry the benefits of increased resident satisfaction and robust renewal rates among other results. Respondents acknowledge the accompanying challenges as well. Fortunately, the industry is more primed than ever to address any potential issues related to pet-friendliness.
PetScreening®, which offers the rental housing industry's first and leading pet policy management software at no charge to property owners and managers, today announced it has released The State of Pets in Rental Housing Report, a detailed look at current pet-related trends and challenges in the rental-housing industry.
It’s no secret that pet-friendliness has become more of a glaring priority for apartment owners and operators, particularly over the past five years. Judging by the tendencies of younger generations, that trend is showing no signs of tapering. In fact, it will only become more prominent moving forward.
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.
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.
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…
According to a recent study by apartment operator Cortland, 82% of Gen Z apartment renters say having a dog influences the decisions they make related to housing. Many operators have responded by modifying their policies to become exceedingly pet-friendly, including easing restrictions.
Just as frustrating as their consequences is the fact that these bans are based on the myth that certain breeds are inherently dangerous. That’s right: When you take the time to investigate the matter, you’ll see that breed bans are built on a foundation of sand.