Which property types are pet-friendly?
Multifamily Class A (40-70% pet penetration is the new norm), single-family-rental + BTR communities, manufactured-housing, condo-hoa (pet-policy varies), hotel (boutique + luxury increasingly pet-included), resort (premium tier increasingly pet-friendly), extended-stay (typically pet-friendly), and senior-living (companion pets + service animals required by federal law).
How does pet-friendly affect multifamily revenue?
Pet fee at move-in + monthly pet rent ($25-75/pet/month) typically generate 1-3% of EGI in Class A multifamily where pet penetration runs 40-70%. Pet-related operating cost (additional cleaning, carpet replacement, paint, repair) runs 10-15% higher per turn. Net is positive — pet-friendly properties achieve higher EGI margin than pet-restricted comparables.
What about service animals?
Under Fair Housing Act, service animals (including emotional support animals with appropriate documentation) cannot be charged pet fees + pet rent and must be accommodated regardless of pet policy. Property managers must verify documentation per HUD guidelines. Pet-friendly amenities (parks, dog wash) are still property-permitted; service animals don't generate the ancillary revenue lever pet-fee accommodation does.