The pandemic brought on a significant rise in dog and cat adoptions which continues as we move on. However, as consumers are forced to relocate to rising rent or mortgage costs, some of them are getting rid of pets, often resulting in deliberately harming them.
It's nice to see articles like the one linked below showing officials finally recognizing this problem. As one that creates opportunities for real estate developers, investors, and brokers, I'm here to tell you that there are opportunities which can bring about benefits when it comes to tenants or buyers and their pets.
A couple years ago, a client of mine that owned a 6-unit apartment building with a yard loves dogs. Research showed that there was not a 'dog friendly' rental available within at least a couple of blocks surrounding her building. Her building had a yard. She installed a dog run, and marketed the building as "dog friendly". Soon after, all six units were rented by dog owners. The dogs got along and played with each other, while the tenants worked together to keep the yard clean because they all benefited from the pet-friendly atmosphere. Tenants would watch each other's dogs.
How did this benefit the landlord?
Think about it. Those tenants couldn't find anything like that in the area, so they were not looking to move. The landlord had "happy" long-term tenants while surrounding buildings faced the usual turnover. As you would expect, the cash flow for the building increased for the long-term.
Let's connect. Perhaps my research can find a good "pet friendly" opportunity to increase your profits. Maybe we can develop a community of build-to-rent single-family homes using the 100% Funding on Vertical Construction program my clients have access to.
https://www.presstelegram.com/2024/12/18/la-county-aims-to-keep-people-and-pets-together-in-rent-stabilized-housing
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