Bright MLS Sees Cool Wins in the Hot Rentals Market
““We consider it our mission to find and vet innovative tools that make life easier for our subscribers and their clients. A one-stop, sophisticated technology solution for the rental process was a no-brainer,” said Andrew Strauch, Vice President of Premium Services and Broker Rewards.
“When planning the roll-out with Bright MLS, we looked at consolidating many steps into one,” said Michael Lucarelli, CEO of RentSpree. “One streamlined process can take subscribers from listing to lease agreement with none of the wasted effort associated with the historically fragmented rental process.”
It’s no secret I see a lot of upside with MLS organizations embracing tools that help members work with rentals. On a recent Listing Bits episode “How Agent Win by Working with Rentals”, I interviewed Ishay Grinberg, CEO of Rental Beast who revealed that there is an annual 12 billion dollars (yes that’s a “B”) of compensation revenue opportunity in the rental market.
Michael Lucarelli, CEO of RentSpree reached out to me recently. RentSpree provides tools to agents to help them streamline the process of working with clients who are looking to rent. Many of these clients need housing, due to low purchase inventory, and renting is the only option. Unlike Rental Beast, RentSpree doesn’t aggregate rental listing but focuses on tools that help with the workflow.
It’s a new market, we need new tools.
Thanks for posting Greg!
Really proud of this recent integration with Bright!