RentSpree Delivers $10 Million in Revenue for MLS Partners
“Our goal is aways to support MLSs and their members,” said Michael Lucarelli, CEO and co-founder of RentSpree. “That means we don’t charge MLSs or agents for our proprietary rental integration. The real key to driving successes like this is in providing great products that gain significant adoption. Earnings come as a byproduct of delivering solutions that address real problems.”
$10 million is legit!
Orlando Regional Realtor Association Selects SentriLock as New Lockbox Service Provider
“Our members expect cutting-edge technology that effortlessly syncs with their mobile devices and other systems,” noted ORRA CEO Cliff Long. “After a thorough and lengthy evaluation by our volunteer REALTOR® leadership and members, we discovered that SentriLock is not only user-friendly, but also boasts top-tier security features, safeguarding both property access information and the agent showing the property. Given that our consumers trust us with their homes, it’s important we provide the highest level of security possible.”
SentriLock
Nice win. I’m hearing this could equate to over 35,000 lockboxes, Yowza!
San Diego MLS Selects VestaPlus to Increase Data Integrity and Add AI Compliance with Checkmate
“The removal of offers of compensation from MLS represents a watershed moment of change for our industry,” Annie Ives, the CEO of VestaPlus, said in a statement. “As an MLS operator and vendor, it is vitally important that we implement new compliance tools that will enable the transition for real estate agents and brokers in the best possible way. We are anxious to partner with our MLS peers to implement these services for the benefit of our industry professionals.”
Annie Ives, CEO of VestaPlus
I’ve been working with a lot of MLS organizations that have been branching out into the vendor space. It can be humbling. You build a solution that really helps your MLS solve a big problem. The natural thing to think is, “I bet other MLS orgs have this same problem.” So you go to market. And that’s where the fun begins.
It’s hard to find a way to win. You need to have the right pieces in place. For Annie Ives, I think a key part is having a timely solution, and the addition of some key talent. Enter Kelly Robinson. It’s great to see their continued success together. The recent announcements of Staten Island and SDAR switching to Checkmate are good wins, and I’m hearing there are several other announcements ahead. It’s great to see Annie’s persistence pay off.
“Sandy Krueger, CEO of Staten Island MLS, said “Data integrity is the key to the service we provide to our subscribers and the consumers they serve. We look forward to enhancing our services using Checkmate™ and we are pleased with the working relationship we have already established with VestaPlus™.”
Annie Ives, CEO of VestaPlus™, shared, “We are excited to support Staten Island MLS with their goals of enhancing MLS data accuracy and streamlining internal processes.”
SIBOR and VestaPlus
VestaPlus is making some moves!
Lone Wolf Technologies partners with Arizona Regional MLS
“In any market, and especially in one where buyers and sellers may not be entirely sure of what they can expect, it’s imperative for real estate agents to be able to demonstrate that they know and understand what’s happening,” said ARMLS’s James Marcus in a statement. “With this new Cloud CMA benefit from Lone Wolf, our agents will have a key resource in showing clients the expertise that will set them apart from the competition.”
ARMLS
What I think a lot of people forget is that Cloud CMA can be used as a lead generation tool. Congrats to Lone Wolf and ARMLS.
Trackxi Partners with 3 Major MLS’s in California
This partnership ensures that Trackxi’s cutting-edge deal and task tracking platform will be available to all members of these prestigious associations. Real estate professionals can now efficiently manage their deals from start to finish, streamlining workflows and enhancing transparency to clients and partners. Agents and teams can now cut down up to 90% of their time on routine tasks and communications while significantly enhancing their professionalism at the same time.
“We are committed to providing our members with innovative products and resources to help them thrive in today’s real estate market,” said DaVina Lara, CEO at bridgeMLS. “We believe that Trackxi’s platform will be a valuable asset to our members, allowing them to manage their deals more effectively and deliver exceptional service to their clients.”
Trackxi
Wonderful tool that is so necessary right now. Not only does it help agents be more productive and mindful but also helps them demonstrate their value to their clients. Congrats to Vijay and the rest of the Trackxi team.
Inside Real Estate Announces the Acquisition of BoomTown
“I’m thrilled to welcome BoomTown to the Inside Real Estate family!” said Joe Skousen, CEO, Inside Real Estate. “I commend Grier and the BoomTown team for what they have built and accomplished with their clients over the past 15 years. Our companies share a common DNA that is focused on driving real results for every client, every day. Together, we will deliver an unmatched experience for every user from single agents, to top performing teams and mega teams, to robust national enterprise brands. Our #1 job is being a tech partner to our clients – this combination reinforces that commitment.”
This has got to be a huge deal. But I can’t help but wonder how much bigger it would have been if they closed a year ago.
HW Media Acquires REAL Trends to Combine Two of Real Estate’s Most Powerful Media Outlets
“HW Media, publisher of HousingWire, FinLedger, and producer of Engage Events, today announced it has closed on the strategic acquisition of REAL Trends, the residential real estate industry’s leading report that ranks the performance of the top U.S. brokerage firms.
REAL Trends will continue to publish the REAL Trends 500, The Thousand, and Website Rankings reports on an annual basis, as well as produce the Gathering of Eagles and DealMAKERS events. Together with HW Media brands HousingWire and FinLedger, the company will reach over 11 million real estate, mortgage and fintech professionals each year”
Looks like Steve will continue with his M&A advisory business. So far I’m not such a big reader of Housing Wire (although I am a subscriber), it has a lot of focus on the mortgage industry and less on the residential real estate space, but I have seen that start to shift a bit.
I can imagine it’s hard to get that mix of news right. I do hear good things about HousingWire’s CEO Clayton Collins and I can imagine he is thinking a lot about this. I know from my perspective that I have little interest in what’s happening in the mortgage banking or title industry, and I think that is the same for the majority of real estate agents. But as new business models evolve it might be more important for company leaders to be educated on all facets of the real estate transaction.
Congrats to Steve, I can’t remember a time when there wasn’t a REAL Trends, and it’s great to see his legacy survive.
Elm Street Technology Secures Strategic Investment By Aquiline Capital Partners
“Elm Street Technology offers a simplified platform called Elevate, for real estate technology and marketing services, that aims to provide a single vendor and point of contact to maximize business leads. The Elevate platform is currently used by tens of thousands of real estate agents, teams and brokerages across the United States. It offers a variety of seamlessly integrated tools including IDX websites, lead generation services, CRM, email, social, text and blog marketing automation, recruiting and retention campaigns, and more, all backed by zealous support and education teams.
“Aquiline is the perfect partner to help Elm Street Technology accelerate its growth strategy,” said Prem Luthra, President and CEO of Elm Street Technology. “With Aquiline, we will be able to broaden and accelerate our sales and marketing capabilities, enhance product development and increase our focus on strategic acquisitions that will allow us to better service the increasing demand for technology to automate and streamline the day-to-day activities of the busy real estate professional.”
Still a lot of appetite for real estate technology companies out there. Congrats to Prem and his team as they continue to grow.
