Money Loser — But Making it Up on Volume(?) Agent compensation is 10% of the first month’s rent as stated in the lease. –“Agent Remarks” from MLS rental listing Let’s see . . .. Ten percent of the monthly rent — $1,295 in this case — comes to $129.50. Subtract a cut for the Realtor’s...Read More
Rentals on MLS One of the quirks of following rentals on MLS — available since Sept. 1 — is that there’s no way to track the difference between what landlords are asking, and what they’re actually accepting. Over on the “for sale” side of MLS, Realtors and appraisers alike know to skip homes that are...Read More
MLS Rentals No, that’s not what some housing market, somewhere, did last month or year, or the first day “pop” in a new IPO (“initial public offering”) on Wall Street. That’s the one-day increase in rentals listed on MLS. Before anyone gets too excited, though, that number reflects an increase from 11 listings to 18....Read More
Rentals on MLS No, that’s not the odds of someone on Wall Street actually being charged for financial wrongdoing the last couple years. It’s the number of rental properties on Craig’s List (*I approximated) vs. rental properties on MLS. Look for that gap to close in the weeks and months ahead (today was Day #1...Read More
