Study: Younger renters prefer short leases

    Younger renters prefer shorter-term leases, preferably in apartments where they can use the latest voice-activated technologies and receive on-site pet services, according to the 2020 Apartment Resident Preferences Report released Tuesday by the National Multifamily Housing Council and Kingsley Associates. 

    The study found that nearly 60% of respondents said having short-term rentals would either positively impact their perception of a community or have no effect at all, The Houston Chronicle reports

    With the rise of cloud-based home automation devices, 43% of respondents were either interested in or would not rent without voice-activated virtual assistants like Amazon’s Alexa or Google Home. More than a third of those polled in the nationwide study said they already owned devices like these. 

    More than 33% of respondents were pet owners, mostly dog owners, who said they would be willing to pay between $28 and $34 more per month for perks like a community dog park, pet-washing station or on-site pet services. Read the full story.  

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