Blog
News and announcements

RentSpree establishes board to assist MLSs in embracing the ever-growing rental market

RentSpree establishes board to assist MLSs in embracing the ever-growing rental marketRentSpree establishes board to assist MLSs in embracing the ever-growing rental market

Summary

LOS ANGELES (May 2, 2023) — RentSpree, the industry's premier end-to-end rental management software, announced the formation of the first ever “Rental Industry Leadership Board” composed of the top multiple listing services real estate executives across the United States. This advisory board will play a crucial role in shaping the way MLSs embrace and interact with rentals in 2023 and beyond.


Advisory Council members include:

  • Art Carter, CEO, California Regional MLS
  • Brian Donnellan, President and CEO, Bright MLS
  • Dionna Hall, CEO, BeachesMLS
  • Nicole Jensen, CEO, realMLS
  • Michael Lucarelli, Cofounder & CEO, RentSpree

More than 44 million Americans have relied on rentals as a primary housing option, yet MLSs have shown varying levels of success in accommodating and supporting this residential segment. The Rental Industry Leadership Board aims to facilitate the exchange of information among influential executives to determine the most effective ways for the industry to embrace rentals for the benefit of agents and consumers alike.    

“Our industry can certainly do a better job in supporting agents and consumers who interact with rentals,” said realMLS’ Jensen. “Working closely with other leaders who appreciate the importance of rentals will help us navigate the future and affect positive change.”

The Board will aim to ultimately produce key guidance for articles and whitepapers to disseminate pivotal insights and learnings throughout the entire industry.

“Ultimately, we are in the business of helping brokers,” said Carter at California Regional MLS. “For us to be most successful at that, we need to empower agents so they can effectively meet people where they’re at. In today’s world that most definitely includes the ever-growing rental market.”

Board members will also have exclusive first-look access to RentSpree's product roadmap and key industry data, allowing them to leverage insights to optimize their MLSs and inform critical decisions.   They will also have the opportunity to provide direct feedback regarding RentSpree's product development direction, which will ensure the company’s rental services are most effective and efficient and continuously improving customer experiences.

"We are thrilled to be bringing together a group of top real estate executives who will play a vital role in guiding the future of rentals in the MLS space,” said RentSpree’s Lucarelli. “This board will be instrumental in helping the industry embrace rentals in a way that supports consumers’ housing needs.”

He added, “Transparency across the industry is particularly top of mind for us as we can make a huge difference to an enormous number of agents. We are laser focused on helping MLSs increase rental data as a value-add to agents, consumers, and the organizations themselves.”

About RentSpree

Los Angeles-based RentSpree is a provider of award-winning rental software that helps seamlessly connect real estate agents, owners, and renters to simplify and automate the entire rental process, from listing to lease. The all-in-one platform is known across all 50 states for its easy and secure interface and suite of rental tools, including tenant screening, rent payments, marketing and renter management. To date, RentSpree has partnered with more than 250 of the most influential MLSs, real estate associations and brokerages to serve over one million users in the U.S. RentSpree is ranked 625th on Inc. 5000’s fastest-growing private companies in 2022. Visit RentSpree for more information.

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

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Yearly Expenses

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

$

0.00

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Cap rate

0.00

%

Cap rate

$
$

0.00%

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

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

%
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

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

$
$
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Rent-to-Income Ratio:

0

%

Move-in Move-out Calculators

Move-In Calculator

$
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

1st Month's Prorated Rent:

$

0.00

Additional Move-In Costs (optional)

$
$
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Total Move-In Cost:

$

0.00

Move-out Calculator

$
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Move-Out Prorated Rent:

$

0.00

Continue to next chapter