Rental management software provider RentSpree has partnered with Northstar MLS, one of the largest in the U.S., boasting more than 22,600 subscribers in Minnesota and Western Wisconsin.
The agreement involves a complete integration of RentSpree with the NorthstarMLS Add/Edit platform and multiple front-end solutions, which they said will empower members to generate more leads, reduce transaction time and boost returns. With these new integrations, subscribers can efficiently oversee the entire rental process with ease.
“NorthstarMLS subscribers have come to expect the most productive technologies to conduct their business, and RentSpree is a great addition to our core offerings,” said NorthstarMLS CEO Tim Dain. “It provides first-class services that connect agents with renters and landlords across our region’s thriving rental market.”
Minnesota ranked among the top five states in the country for businesses, based on 86 key indicators across 10 categories such as workforce, infrastructure, economy, health and business friendliness, according to a CNBC study. The state’s economic health has also affected demand for housing, including rentals, with Minneapolis showing the third-highest year-over-year rent increase in July at 10.32 percent to a median rent of $1,921, according to rent.com.
“It is exciting for us to collaborate with an organization that supports such a vibrant and important housing market,” said RentSpree Co-Founder and CEO Michael Lucarelli. “NorthstarMLS isn’t just one of the biggest players in the MLS space, it is also a true thought leader and one of the early adopters of technology that effectively and efficiently supports their subscribers.”
RentSpree will be available to NorthstarMLS subscribers in Q4 2023.