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Jetty Announces Jetty Pet, The First Pet Deposit Replacement Offering

November 21, 2019
Jetty Pet can give properties increased coverage against pet-related damages–while keeping move-in costs low for the renter. (PRNewsfoto/Jetty)
Jetty Pet can give properties increased coverage against pet-related damages–while keeping move-in costs low for the renter. (PRNewsfoto/Jetty)

NEW YORK, Nov. 21, 2019 /PRNewswire/ -- Jetty, a financial services company on a mission to make renting a home more affordable and effortless for everyone, today announced a new offering, Jetty Pet. Jetty Pet is Jetty’s pet protection for property managers, which can be used alone or combined with Jetty Deposit to replace a traditional up-front pet deposit charge. This can give properties increased coverage against pet-related damages and a more streamlined leasing process–while keeping move-in costs low for the renter.

According to Jetty’s nationwide survey of U.S. renters, more than 70% of pet owners have decided not to apply to a rental home or apartment because the costs to have a pet were too high. This can have a negative impact on the number of qualified applicants at pet-friendly buildings. But without the added protection of a pet deposit, properties risk exposure to pet-related damages and unforeseen expenses, which can cost much more than what a pet fee might cover.

Jetty Pet provides pet-related protection to a rental home, while alleviating the burden of high up-front costs for the renter. With Jetty Pet, renters pay a small, one-time fee to replace a traditional pet deposit. Property managers benefit from marketing a lower move-in cost, filling more units while having the added protection of an admitted, non-pooled product, and generating meaningful ancillary revenue for the portfolio.

Jetty Pet Benefits

“We always have an ear to the ground on the fundamental problems our partners face, and how we can solve even more of them,” said Mike Rudoy, CEO and co-founder of Jetty. “Jetty Pet is just another way we give Partners the protection they need, while keeping costs low for the many pet-loving renters nationwide.”

Jetty works with top property managers across the country to increase lease conversion rate, reduce bad debt, and streamline operations—thereby increasing net operating income. Partners include LivCor, Related, Pinnacle, MG Properties, Trammell Crow, Griffis Residential, Cortland, and many more. Jetty’s products are written on A-rated paper, and are admitted in 49 U.S. states and D.C, which means they have been approved by the state’s insurance department providing additional consumer protections.

ABOUT JETTY
Jetty is on a mission to make renting a home more affordable and effortless for everyone. As a financial services company, Jetty’s solution helps property managers increase lease conversion, reduce bad debt, and streamline operations. For the renter, Jetty lowers the barrier to entry, saving residents thousands of dollars on move-in costs. Jetty is available nationwide, was founded by Mike Rudoy and Luke Cohler, and is headquartered in New York. To learn more about how Jetty can benefit your property, visit www.jetty.com.

CONTACT
Jetty
Hadley Stecker, 978-473-1754
hadley.stecker@jetty.com

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SOURCE Jetty