Colorado's
largest multiple listing service is the latest to join RentSpree's
MLS Partnership Program
LOS
ANGELES, May 22, 2024 /PRNewswire/ -- RentSpree,
the top-rated provider of rental software in the U.S., today
announced its latest partnership with REcolorado®, the largest
multiple listing service (MLS) in Colorado.
This collaboration marks a significant step forward in
simplifying the rental application process for REcolorado
subscribers and their clients in this important U.S. housing
market. RentSpree's integration on the MLS platform introduces
ApplyLink™, an instant application feature for rental listings.
ApplyLink™ is designed to reduce the time spent processing rental
applications, ultimately leading to increased efficiency and
returns for real estate professionals.
The seamless integration of RentSpree's tenant screening
capabilities within REcolorado's listing module eliminates the need
for time-consuming back-and-forth interactions between agents,
applicants, and property owners. This integration, offered at no
cost to REcolorado subscribers, not only streamlines the rental
process but also enhances lead generation capabilities.
REcolorado, the 16th largest MLS in the nation with more than
26,000 subscribers, is committed to staying abreast of market needs
and emerging trends. President and CEO Gene Millman stressed the organization's
dedication to providing state-of-the-art rental technology to its
members, recognizing the pivotal role of rentals in both regional
and national real estate markets.
"REcolorado's priority is to be a business partner with real
estate professionals throughout the state, which means empowering
them with data and services they can use to connect with and serve
their clients," said Millman. "Renting is commonly an entry point
into the market for prospective home buyers. Enhancing our
offerings with rental technology will not only give another avenue
for agents and brokers to provide value to their clients but will
also streamline the process of helping renters find their next
homes."
In April, the Denver metro
housing market remained robust, supported by the strength of the
regional economy, low unemployment rates, and healthy job growth.
While the number of properties leased through the REcolorado MLS
system dipped slightly from last year, there was a 20 percent
increase compared to last month. Additionally, the number of rental
listings added to REcolorado increased 20 percent from March to
April. According to REcolorado data, the median lease price saw a 2
percent year-over-year increase.
"We're excited that REcolorado joined our MLS Partnership
Program, as it enables us to help simplify rentals for MLS members
and their clients in this key housing market," said Michael Lucarelli, RentSpree CEO and Co-Founder.
"This latest partnership underscores RentSpree's commitment to
truly revolutionize the rental process on a large scale."
About RentSpree
Los Angeles-based RentSpree is
a provider of award-winning rental software that helps easily
connect real estate agents, landlords, and renters. The platform is
trusted across all 50 states for its easy and secure interface and
suite of rental tools, including tenant screening, rent payments,
marketing and renter management that help simplify the rental
process for all. To date, RentSpree has partnered with more than
300 of the most influential MLSs, real estate associations and
brokerages to serve over two million users in the U.S. RentSpree is
ranked on Inc. 5000's fastest-growing private companies in 2022 and
2023. Visit RentSpree.com for more information.
About REcolorado:
REcolorado® is the largest multiple listing service (MLS) in
Colorado with over 26,000
professional subscribers who operate throughout the state.
REcolorado's vision is to empower a trusted, cooperative, and
comprehensive real estate marketplace to position customers for
success by providing data, technology, and intelligence. The
company is REALTOR® owned and serves real estate professionals
including the members of Denver Metro Association of REALTORS®,
South Metro Denver REALTOR® Association, Mountain Metro Association
of REALTORS®, and REALTORS® of Central
Colorado.
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SOURCE RentSpree