Using PropTech and Rentals to Grow Your Real Estate Business

December 22nd, 2021

Growing your real estate business takes time and a refined strategy. A common approach to scaling is buying and selling more houses. However, there is a massive market that agents overlook—rentals.

In fact, some real estate agents don't work with renters or rental properties at all.

Is an Online or Paper Rental Application Better?

December 10th, 2021

If you're a real estate agent representing a rental property and you're getting tons of calls from interested applicants. The obvious first step is sending prospective tenants a basic rental application form to fill out. The underlying question is—do you send them a paper application or an online rental application?

Traditionally, you send a PDF of the California Association of REALTORS® (CAR) Application to Rent/Screening Fee form.

Evaluating Gig Work on Rental Applications

December 2nd, 2021

Gig work exploded in the past five years. According to research conducted by MBO Partners, by 2023, 52% of the workforce will work in the gig economy in some capacity. 

The gig economy expanded globally with the growth of tech companies making freelance work accessible through their platforms.

How Does a 3% Real Estate Agent Commission Work?

November 23rd, 2021

There is no such thing as a standard or required real estate agent commission. Are you surprised?

While most U.S. markets average 5 to 6% total commission, this number is generally not required. Rather, agents negotiate their commission rates. In many cases, the total commission is split equally between the listing and buyer agents, resulting in a 2.5 to 3% real estate commission for each.

The Evolving Rental Landscape of Four U.S. Cities

November 12th, 2021

The real estate market has undoubtedly experienced some seismic shifts during the pandemic. One of those sectors impacted is the rental market. 

At the 2021 RESO Retreat, RentSpree CEO Michael Lucarelli hosted a panel with industry leaders in the Multiple Listing Service space.

What is a Rent Increase Notice?

November 9th, 2021

As a landlord or property manager, sometimes you need to increase the amount of rent that you charge your tenants. According to a report from Apartment List, in 2021, overall U.S. median rent increased by 11.4%.

Naturally, tenants won't be happy about facing a rent increase, but handling these changes professionally and courteously can alleviate an uncomfortable experience when notifying your renter.

Selling and Buying Investment Property with Tenants Onsite

November 8th, 2021

Selling and buying investment properties is no small feat, especially if you have tenants onsite.

The current real estate market is booming and recent sellers typically sold their homes for 99% of the listing price, according to the National Association of REALTORS®. In some cases, you have a rental property that you want to sell quickly while also looking for a new investment property.

What Is the Average Salary of Real Estate Agents in California?

November 2nd, 2021

Suppose you're thinking about pursuing a career in real estate or are interested in the compensation structure for California agents. In that case, you're probably curious about the average real estate agent's salary.

This is a tricky question because it is highly variable and dependent on individual markets, agent activity, and the types of homes they sell.

What Is Personal Liability Coverage for Renters?

October 26th, 2021

As part of purchasing a property with a mortgage, homeowners must also buy homeowners insurance coverage. Likewise, rental property owners purchase landlord insurance to cover their property interests and protect their financial interests. Renters have no such requirement for renters insurance, often overestimating the cost of renters insurance and underestimating the costs associated with potential losses and personal liability.