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Tapping into Florida’s rental market opportunities with Stellar MLS and RentSpree

Tapping into Florida’s rental market opportunities with Stellar MLS and RentSpreeTapping into Florida’s rental market opportunities with Stellar MLS and RentSpree

Summary

Stellar MLS customers now have access to RentSpree's award-winning tenant screening solution to generate more leads and increase their returns in one of the nation's increasingly competitive rental markets.

We’re excited to announce the RentSpree integration is now live on the Stellar MLS platform, empowering Stellar customers to generate more leads, cut down on transaction times, and increase their returns. This partnership, which was formally announced in December 2023, aims to streamline the rental transaction process in one of the nation’s most important housing markets. 

Stellar MLS is headquartered in Altamonte Springs, FL, and is Florida’s largest multiple listing service with customers spanning both Florida and Puerto Rico. With an extensive network of over 85,000 subscribers, Stellar MLS believes Florida’s housing market represents a source of untapped opportunity and growth. With RentSpree included in customers’ Stellar MLS subscriptions, agents will be able to generate an ApplyLink for their rental listings and command the entire rental process. 

“Florida’s rental market is certainly heating up and mastering efficiency is key," Merri Jo Cowen, CEO of Stellar MLS, notes. "Integrating RentSpree brings new tools to our rental specialists, and we’re delighted to empower them to streamline the rental transactions process with this powerful software. This aligns with our focus on technology and innovation to be committed to creating a future of new opportunities for our customers with best-in-class industry products and services.”

Stellar MLS’s partnership with RentSpree coincides with the recent increase in popularity of renting in Florida, which is due to a variety of factors, such as the state’s lack of income tax and booming business opportunities. Data shows that renting is particularly strong in the greater Orlando and Tampa areas, both part of Stellar’s coverage area. 

In addition to RentSpree’s tenant screening solutions, Stellar customers will also have access to rental software solutions including rental applications, rent estimates, e-sign documents, and online rent payment and reporting. Offering this innovative technology is critical in ensuring real estate professionals have the edge they need to stay ahead of the competition and solidify rentals as a crucial piece of their business. 

“MLSs play a significant role in providing their members with the tools and technology they need to flourish in an ever-changing market,” said RentSpree CEO Michael Lucarelli. “With this partnership, we look forward to empowering Stellar customers as they transform the Florida rental industry and find success in growing their real estate business."

This partnership between RentSpree and Stellar MLS seeks to transform the business of rentals throughout the Florida real estate market and beyond. Best of all, RentSpree is included in agents’ Stellar subscription and can be used for agents who represent either the landlord, the property, or the renter. Stellar MLS customers can learn more about what they can expect from RentSpree’s award-winning rental software and schedule a demo to get started here.

Cap Rate Calculator

rentspree illustration of calculator

How to use

Enter information in the boxes below to calculate the comparative value of a piece of property in order to determine if it would be a good investment for you.

Property Value

Current market price or listed value
$

Yearly earnings

Anything you make a profit from that has to do with the property
$
$
$
Total A:

$

0.00

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Yearly Expenses

Anything you make a profit from that has to do with the property
$
$
$
$
$
$
Total B:

$

0.00

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Cap rate

0.00

%

Cap rate

$
$

0.00%

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Commission Calculator

How to use

Enter information in the boxes below to calculate the comparative value of a piece of property in order to determine if it would be a good investment for you.

Property Price

$

Commission Percentage

%
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Total Commission

$

0.00

Commission for Each Agent

$

0.00

Total Amount Seller Receives

$

0.00

Rent to Income Ratio Calculator

How to use

Enter information in the boxes below to calculate the comparative value of a piece of property in order to determine if it would be a good investment for you.

Rent-to-Income Ratio Calculator

$
$
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Rent-to-Income Ratio:

0

%

Move-in Move-out Calculators

Move-In Calculator

$
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1st Month's Prorated Rent:

$

0.00

Additional Move-In Costs (optional)

$
$
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Total Move-In Cost:

$

0.00

Move-out Calculator

$
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Move-Out Prorated Rent:

$

0.00

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