Rise of the RRMs
We reported this spring on the rising status of Rental Relationship Management (RRM) companies garnering big funding and major traction as they solve the tricky rental markets in cities like the big apple.
RentJuice.com is demonstrated in the video above and today adds the “RentJuice Directory” which allows real estate professionals to browse and search landlords, property managers, brokers and leasing offices in their local market in an effort to establish new partnerships and better send and receive a live stream of rental listings in a single dashboard.
The RentJuice Directory is free and is launching in Boston, NYC, Chicago and Miami. In Boston, the company offered an internal release and saw over 2,000 new connections formed among Boston users.
RentJuice CEO David Vivero said, “The Directory makes building up an accurate rental database or broadcasting one’s dynamic list of availabilities as easy as adding friends and sharing a few photos with them on Facebook.”
On their demo page, they note the following:
Sam Ingersoll
September 16, 2011 at 9:19 am
RentJuice is a brilliant system. Combined with mass Craigs List posting and one very specific "idx home search engine that incorporates rentals" it can skyrocket a rental management company's income.
Example, our client went from $10k per month gross to $70k per month within 3 months.
The REO Brokers I work with all know that Hedge Funds are positioning to buy up Foreclosures and then allow owners to rent them until they can be sold at fair market value in a few years. They are all setting up property management businesses.
Agents and brokers should consider doing the same.
I'm shifting my own re partnerships this way, and my own consulting/website/internet marketing business to develop packages that offer these things precisely because of this industry shift. Think Foreclosures > Foreclosure Rentals > Retail Listings as the market improves.
jonbowen
July 3, 2012 at 7:05 am
SO RentJuice is an MLS?