RESO Uses Rental Beast Leadership to Create Universal National Language for Rental Standards | New
SOMERVILLE, Mass., September 20, 2021 (GLOBE NEWSWIRE) – The Real Estate Standards Organization, RESO, created the Residential Rentals Workgroup because nearly half of the American population call rentals home, but there is no structure or definition for rental language in the industry. Work in pairs with Rental beast, a rental-focused software provider for multiple listing services, the task force will establish and maintain data standards for rental properties, a crucial part of the housing market with a huge impact on buying and selling of houses.
“It is high time for our industry to apply universal standards to this important part of the housing market,” said Sam DeBord, CEO of RESO. “Real estate professionals and MLS can benefit from relevant rental information in our data dictionary. It is a project that meets a need for today and tomorrow.
Rental Beast is a technology provider with the only lead-to-lease SaaS platform enabling real estate professionals in the rental industry. With a comprehensive database of over ten million rental listings not found on any multiple listing service, Rental Beast for MLS provides MLS and their members with a comprehensive and unmatched view of their rental market directly accessible from their location. MLS platform. With over 480,000 real estate professionals in Rental Beast’s technology ecosystem, Rental Beast is the fastest growing rental technology provider serving the real estate industry. With the 2020 launch of Rental Beast for MLS, the company is on track to serve an additional 500,000 new MLS subscribers by the end of the year.
The Rental Beast data platform will soon expand to markets in Canada in addition to continued growth in the United States. Rental commissions are $ 2.49 billion per year in Canada. Their rental markets also have over 60% of millennials planning to buy a home within five years.
Accessible within MLS platforms, MLS participating in Rental Beast for MLS capture thousands of properties that are off MLS inventory. They can take advantage of basic rental-centric MLS features, including powerful search, list ingestion, and maintenance systems. Members have direct access to Apply Now by Rental Beast, an ultra-fast, secure, Fair Credit Reporting Act (FCRA) compliant online rental app and tenant selection engine. These tools are complemented by access to Rental Beast University, an on-demand interactive online educational platform. All of these systems are available directly from their MLS platform through seamless single sign-on (SSO) integration.
“We are excited to share the benefits of our data and technology solutions within the RESO Residential Rentals working group. Our goal has been to create transparent solutions for our users. Tight inventory is fueling rental demand across the country. Real estate professionals need systems to navigate these markets. They also need uniform standards and definitions in the rental space. We will work with RESO to ensure that the rental language is as advanced and relevant as the tools we provide, ”said Ishay Grinberg, Founder and CEO of Rental Beast.
About RESO Founded in 2002 by the National Association of REALTORS® (NAR), the Real Estate Standards Organization (RESO) lays the foundation for streamlined real estate technology through the creation and certification of standards. Member organizations include MLS, brokerage houses, real estate associations and technology partners serving over one million real estate professionals.
RESO’s mission is to create and promote the adoption and use of standards that drive efficiency across the real estate industry. RESO standards create efficiency; faster software development and integrations, scalable tools that cross markets, and more accurate, robust and informative data.
Open standards organizations, like RESO, exist in most industries to ensure the advancement of technology. A well-known example is the W3C, which creates the standards for the World Wide Web. In real estate, RESO standards are created to promote this same experience: interoperability between MLS, broker, agent and general public technological tools.
For more information visit reso.org.
About Rental Beast Rental Beast is an end-to-end SaaS platform providing real estate professionals with powerful productivity tools and the nation’s most comprehensive database of nearly ten million non-MLS rental properties. Sourced directly from owners, updated in real time and offering a quality rental data set, the Rental Beast database gives real estate professionals an unmatched view of all types of properties and owners. Rental Beast for MLS brings the power of Rental Beast to multiple listing services and their subscribing agents and brokers. Using seamless and secure integration, participating MLSs capture thousands of properties that are normally off MLS inventory and leverage the essential research, data ingestion and maintenance systems needed to help member agents capture their share of $ 12 billion in annual rental commissions.
For more information visit RentalBeast.com/MLS.
Media contact: Myra Jolivet (760) 610-9096 or [email protected]
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