An upgrade to MLS data app Homesnap indicates that more agents and investors want access to single-family rental home information, specifically rental data focused on properties' cash flow potential. Agents that operate in Homesnap's "Pro markets" can now search single-family rentals, along with townhouses and condos, and share that information with clients looking to purchase investment properties. According to Gayle Weiswasser, VP of marketing for Bethesda, Maryland-based Homesnap, having access to rental home information that's provided directly through MLSs and by agents was a top request of app users. "In markets where rentals are strong agents want access to that info," she said. "Consumers want to know the value of an investment property." The rental home search feature will first be available to agents operating in the Mid-Atlantic, Los Angeles, Arizona, the Silicon Valley, Massachusetts, Long Island, Minneapolis, St. Louis, Nashville, Cincinnati and Norfolk, Vi...
- Access to rental home information was the number one request from Homesnap users.
- Upgrade to the app initially limited to Homesnap's Pro markets and some smaller locales.
- Values for active rentals, open house rentals, pending rentals and recently-rented homes are all available through the app.
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