TMG dropped its breed and weight restrictions in 2019, while also adopting pet technology for screening and waste, increasing pet services and amenities, and creating a more welcoming atmosphere for pets, even inviting them on tours. TMG has seen the occupancy of units with pets jump to 70% from 40%.
PetScreening, a first-of-its-kind screening platform that empowers property managers to outsource their pet risk assessment and assistance animal validation processes at no charge, today announced the launch of FidoAlert.com (for dogs) and TabbyAlert.com (for cats).
Lifting breed and weight restrictions for our four-legged friends and generally becoming more pet-inclusive can create significant financial gain for multifamily communities, such as increased NOI and higher resident-retention rates.
As a panel discussed in the National Apartment Association webinar Rolling Out the Welcome Mat: Rethinking Pet-Related Restrictions, forward-thinking pet policies are more important than ever considering the pronounced rise in pet ownership over the past decade, particularly the past two years.
The top storylines in multifamily this week are building tenured multifamily teams, streamlining the application process, evictions and onsite teams, changing the perception of renters, GenZ’s effect on multifamily and pet policies to attract renters.
The top storylines in multifamily this week are responsible pet ownership, tips from top leasing managers, shifts in apartment searching, technology’s effect on communities, commercial real estate pitching and amenities vs. home offices in a high-cost environment.
Of all the modern amenities and features offered at apartment communities, pet friendliness is one of the most in demand. After all, many renters welcomed a pet into their home during the pandemic, so operators looked to increase revenue and attract residents by allowing pets.
The top storylines in multifamily this week are revenue recovery, pet waste, vacancy rates, FCC broadband rule, community connectivity and ESG frameworks.
The top storylines in multifamily this week are eviction processes, resident retention, pets, rent growth, preventative maintenance and co-living.
70 percent of American households own a pet, and pet owners in the United States spent more than $100 billion on their animals in 2020. The popularity of pets and the amount of money we are willing to invest in them indicates that the traditional definition of a pet has changed dramatically.