Partnership to provide Triangle MLS subscribers with cutting-edge technologies and market transparency to tap into a hot rental market
Somerville, MA (January 11, 2023) – Rental Beast announces the successful integration of their rental listings’ platform with Triangle MLS’ Paragon MLS platform. This exciting partnership provides more than 15,000 subscribers across 16 North Carolina counties with the tools needed to market rental properties and engage renters.
With rent prices up by 8%, compared to the 3.8% national average, Raleigh, Durham, Chapel Hill, and the surrounding areas are a hotbed for Triangle MLS subscribers to expand their business into the rental market. Even more consequential is the Triangle housing market at large which includes over 265,000 rental listings.
Additionally, with market conditions increasingly driving more homebuyers to turn to rentals while waiting for their ideal home, renter-to-buyer conversion potential is estimated to grow to more than $170 million in potential home sale commissions in the coming year. Tapping into this aspect of the market is just one of the ways Rental Beast expands Subscribers’ toolbox.
“The Rental Beast platform increases market transparency for our subscribers by equipping them with an expansive listings database, giving them a new and powerful way to address affordability challenges with potential clients,” said Matt Fowler, Executive Director of Triangle MLS. “It’s an exciting offering for our REALTORS® and property managers, and one that ultimately benefits renters by getting them into rentals they want and can afford,” said Fowler.
Triangle MLS subscribers now have access to innovative rental lead generation and listing technologies, comparative market analyses, rental application processing and tenant screening services, rental client engagement tools, and education to better understand the rental market and how to leverage it.
“We’re thrilled to deliver cutting-edge technology and market transparency to Triangle MLS’ subscribers,” said Ishay Grinberg, Founder, and CEO of Rental Beast. “This partnership presents a great opportunity for subscribers to dive into an area of the industry that may be new to them with Rental Beast’s full gamut at their disposal,” said Grinberg.
About Triangle MLS
Triangle MLS, Inc. (TMLS) is the recognized source for reliable, integrated Real Estate information services for the Greater Triangle Area. A wholly-owned subsidiary of the Raleigh Regional Association of REALTORS®, TMLS provides a database management service for over 15,000 Real Estate professionals throughout sixteen counties in the greater Triangle area. Four Stakeholder Realtor Organizations comprise Triangle’s membership: Raleigh Regional Association, Durham Regional Association, Orange/Chatham County Association, and the Johnston County Association of Realtors. For more information, visit trianglemls.com.
About Rental Beast
Rental Beast is a leading real estate technology firm with an end-to-end SaaS platform designed to empower real estate professionals and the nation’s most comprehensive database of nearly eleven million rental properties. Sourced directly from property owners, updated in real-time, and offering a fulfillment-grade rental dataset, the Rental Beast database provides real estate professionals with an unparalleled view of all properties and owner types.
Utilizing a seamless and secure integration, participating MLSs, and REALTOR® Associations can capture thousands of properties that are normally off-MLS inventory, and leverage essential search, data ingestion, and maintenance systems needed to help member agents and subscribers capture their share of $12 billion in annual leasing commissions.
Rental Beast is recognized and supported by Second Century Ventures, the capital and strategic growth arm of the National Association of REALTORS® and is a proud member of the 2022 REACH-Canada program. Learn more at rentalbeast.com/MLS.