As property operators confront rising costs and mounting pressure to increase revenue, addressing the gaps in pet management and pet policies has become critical, according to a release from Foxen.
With pet ownership among renters climbing to 58% and pet-friendly properties in high demand, property managers are strained by fragmented systems that disrupt the rental application process and increase liability risks.
Foxen’s multifamily pet-management tool centralizes pet and animal data, giving staff an frictionless way to process pet applications and animal-related reasonable-accommodation requests while maximizing profit recovery, the company’s release says.
Foxen has launched PetClear, a technology-based solution to streamline pet management for property owners and operators.
Industry data reveals that renters with pets generate 10–15% more property damage on average than do tenants without pets, while inconsistent pet-policy enforcement costs operators millions in unreported pet fees and increased liability exposure. However, other research disputes the statement that pets cause more property damage.
“Our recent industry research shows that more than 70% of property-management professionals struggle to enforce pet policies. At the same time, 90% of property-management professionals report an increase in the frequency of emotional-support animals, with misrepresentation issues in some cases,” said Kevin Jacobson, CEO of Foxen, in the release. The company hopes to be the go-to platform for today’s competitive rental market.
The platform collects and organizes all documents for accommodation requests, making the process simple for residents and efficient for staff. It also helps properties recapture lost pet rent and fees; for example, 100 reported pets in a portfolio charging $25/month adds $30,000 in annual revenue, showing how better compliance delivers real financial gains.
Developed through extensive collaboration with property-management teams, PetClear addresses both sides of the pet management equation.
Key platform benefits include:
- Improved leasing performance: Automated applicant reminders and property-management software integration means complete pet data is centralized in one place, eliminating time spent on manual follow-ups while consistently enforcing policies through required resident acknowledgments.
- Strengthened NOI and reduced risk: Recover missed income from unreported pets, create new verification fee streams, and prevent property damage through systematic verification.
- Superior user experience: Provide residents a pet-friendly and safe community with a convenient resident-management portal that protects private data while reducing vendor bloat.
“Customers asked for a solution that integrates seamlessly with existing operations and removes the guesswork from pet management,” Jacobsen said in the release. He said the product “helps properties increase revenue while also improving resident experience for owners of pets and assistance animals alike.”
About the author:
Foxen is a provider of solutions that mitigate risk and build financial wellness for multifamily property owners, operators and their residents.
