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Foxen Introduces PetClear: A Revolutionary Solution for Pet Management in Multifamily Properties

Foxen, a pioneering force in renters insurance compliance and technology solutions for the multifamily sector, has recently launched PetClear. This innovative platform aims to transform the way property owners and operators manage pets and service animals within their properties, responding to an increasing demand for streamlined and efficient pet management solutions.

According to recent industry statistics, about 58% of renters own pets, with pet-friendly housing becoming a highly sought-after option. However, managing pets in rental properties has its challenges, and Foxen's PetClear is designed to alleviate those issues. The reality is that almost 70% of property management professionals have reported difficulty enforcing pet policies, and many have noted the rising prevalence of emotional support animals, which sometimes leads to misrepresentation issues.

Kevin Jacobson, CEO of Foxen, explains, "Our research indicates a pressing need for support in managing pet-related policies effectively. Property operators face pressure to expand their revenue streams while ensuring they are compliant with the multitude of regulations. PetClear rises to meet both of these needs by centralizing animal data, thus streamlining processes for staff and improving tenant experiences."

The PetClear platform consolidates pet-related information, which assists property management teams in managing pet applications and accommodation requests. By creating a comprehensive database, the staff can efficiently handle these requests, while also monitoring compliance. This setup not only aids in managing current pets but helps to boost revenue streams significantly. For instance, if 100 properties charge an additional $25 per month for reported pets, this can translate to an increase of $30,000 annually.

Key features of PetClear include:

• - Improved Leasing Performance: By automating reminders for applicants and integrating with property management software, PetClear centralizes pet data, eliminating tedious manual follow-ups. This efficiency enhances policy enforcement and helps maintain organization.
• - Strengthened NOI and Reduced Risk: Property owners can recover missed income from unreported pets while establishing new fee streams through effective verification processes, ultimately reducing risk for property damage.
• - Superior User Experience: The resident management portal within PetClear creates a community that is pet-friendly and safe, while securing residents' private information and minimizing reliance on various vendors.

Jacobson also emphasizes that PetClear is more than just a solution for operational efficiency; it’s a way for properties to foster a better living experience for residents who have pets. As Foxen continues to innovate within the multifamily space, PetClear signals a key evolution in property management, directly aligning with the firm’s mission to simplify operations and enhance functionality. The platform encourages transparency and compliance that helps to secure the interests of property owners and ensure a welcoming environment for pet owners alike.

Future updates to PetClear will introduce advanced AI verification capabilities and an expansion of services that will further enhance its value. A detailed research report on evolving pet trends in multifamily settings will be forthcoming, and interested individuals can subscribe to Foxen’s newsletter for exclusive insights.

For more information on PetClear, visit foxen.com/properties/petclear.

Foxen’s commitment to innovation in multifamily property management is evident. The launch of PetClear stands as a testament to the company’s ongoing efforts to provide practical and forward-thinking solutions for landlords in the ever-evolving rental market. As the demand for pet-friendly accommodations continues to rise, solutions like PetClear will undoubtedly play a crucial role in shaping the future of rental management in the multifamily sector.