REAL ESTATE TECHNOLOGY
letus (previously RentMoola) | June 02, 2022
Furthering efforts to help renters balance their paychecks and landlords to collect rent on time, letus (previously RentMoola), an award-winning FinTech platform, announces its partnership with MRI Software, a global leader in real estate technology. The partnership enables commercial and residential real estate companies to streamline the payments process and offer an innovative, flexible payment experience for customers.
MRI's partnership with letus will give our Canadian community of renters and landlords easier access to a world-class payments platform. The integration will enable flexible payments, which can be a key differentiator in today's market."
Sean Slack, VP of Partner Connect at MRI
letus integrates with MRI LivingTM residential management suite and MRI @WorkTM commercial management suite of products to improve the payment experience by reducing manual entry to increase reliability and security. MRI clients now enjoy enhanced experiences through:
Streamlined experience with MRI Resident Connect and Tenant Connect
Real-time transaction reconciliation
Flexible payments and credit reporting to increase credit scores
Automated SMS messaging and payments via TXT2PAY
The partnership is a step forward in delivering comprehensive and simple solutions that empower landlords to get real-time transaction information while providing flexible payment solutions to customers. Now, MRI clients can access more payment options, financial tools, enhanced communication, and more.
"Modern property management requires real-time management," shares Karthik Manimozhi, CEO of letus. "This integration brings ultimate convenience to landlords, providing them automation and data-driven insight to provide value to their tenants."
A disruptive cloud platform offering flexible rent payments with credit reporting that empowers renters to better balance their paychecks while landlords achieve predictable and scalable on-time revenue streams. letus has processed $2Billion transactions with 2Million+ individual transactions.
About MRI Software
A leading provider of real estate software solutions that transform the way communities live, work and play. MRI's open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses.
REAL ESTATE INVESTMENT
JPAR | June 08, 2022
JPAR® – South Florida Living is pleased to announce the expansion of its Florida operations with the recent acquisition of Signature Invest Realty LLC. Owners, Chris, Lisa, and Michael Schlitz and Jeremy Constantino acquired Signature Invest Realty of Orlando on June 3, 2022.
We're thrilled to welcome Jose Vega and Signature Invest Realty to our growing organization. Jose and his team of sales professionals complement our vision for expansion in the Florida market."
Chris Schlitz, CEO, JPAR® – South Florida Living
JPAR® – Real Estate is one of the fastest growing 100% commission brokerages in the United States and continues its impressive growth by offering a best-in-class technology and marketing platform and its commitment to positioning the agent at the center of each transaction.
"Chris, Lisa and Michael Schlitz are a shining example of what we mean when we talk about JPAR® being built by, and for, influential industry leaders," said Laura O'Connor, President and COO, JPAR® Franchising. "We are proud that they chose us as their franchise partner. They invest the time and effort to understand, train and articulate the brand value to agents, teams and other owners that are looking to further their professional growth. Their growth in both the Greater Atlanta, Georgia and Florida markets can be attributed to their commitment to the agents and communities they serve. Our heartfelt thanks and congratulations on their continued growth and success."
JPAR® – Real Estate is both a Top 50 Real Estate Broker and Top 10 U.S. Hottest Business Franchise.
"With today's competitive marketplace and ever-evolving technology, JPAR® provides the cutting edge tools necessary for our agents to successfully compete and advance their real estate careers while continuing to deliver exceptional customer service," said Jose Vega, Broker/Owner, Signature Invest Realty.
JPAR® – Real Estate brokerage and franchise operations continue to expand throughout the United States, now serving home buyers and sellers from 65 offices throughout 26 states with more than 3,600 real estate professionals.
According to Lisa Schlitz, COO, JPAR® – South Florida Living, "JPAR® – South Florida Living is expanding its footprint not only in Palm Beach, but throughout the state by acquiring high quality brokerages like Signature Invest Realty."
About JPAR® - Real Estate
JPAR® - Real Estate and JPAR® Franchising is a full-service real estate brokerage and franchise platform offering a highly competitive transaction fee-based model and agent-centric culture. The JPAR® platform provides agents 7 day-per-week broker support, physical office locations, a comprehensive open architecture tech stack, marketing, lead generation, training, coaching, mentoring and agent health care. The company serves more than 3,600 agents operating in 65 offices across 26 states.
REAL ESTATE INVESTMENT
Accel Real Estate Commission Advance | July 22, 2022
Real estate agents and brokers anywhere in the United States can now access financing on their pending real estate commissions through Accel Real Estate Commission Advance ("Accel"). Accel was created by Balanced Bridge Funding to help service real estate professionals around the country. "As a company familiar with assisting entities and individuals with guaranteed income but facing payment delays, being able to provide real estate commission advances is a natural step for us to help real estate agents and brokers who are interested in financing" says Joseph Genovesi.
Traditionally springtime is when the real estate industry starts to pick up. Schools are coming to a close and families begin to scout locations to move their families. Families or individuals with houses look to sell their properties for similar reasons. Real estate professionals have to be ready for the wave of interested buyers and sellers during the spring season and prepare for them.
Currently, the real estate market is on fire throughout the country. Low interest rates, the negative effect of Covid on the supply chain for developers and home builders, all cash offers have fueled the market raising the prices on the current stock of homes. A hot real estate market means the competition is fierce among real estate agents and brokers. They are competing for listings in their markets and they may need to have the financial backing or have access to financing to try and dominate their area. Some news outlets published stories about the constant activity of the Delaware real estate market in 2021. Last month, the Philadelphia Inquirer published a story about the lack of supply in the housing market and how that has affected housing sales. The Federal Reserve indicated they will raise interest rates which may help cool the real estate market.
According to the recent Pennsylvania Association of Realtors (PAR) report, general housing sales have decreased but the median home price has increased. In addition, the past few reports showed sales of houses priced between $250,000 to $2 million and more have increased from the previous year. The Delaware Association of Realtors (DAR) report for February 2022 showed similar statistics. The number of units sold dropped by 66%, but the average and median priced homes increased by 12% and 13%, respectively. Listings have increased and the average amount of time a home is on the market also increased. Inventory dropped over 10%.
Accel's real estate commission advance allows agents and brokers to access a portion of their pending fees. They can use these funds to increase spending on marketing their properties; get more listings, hire more agents; expand their offices for the spring and summer selling season. They can also use it for a variety of personal or professional purposes. Accel is also creating an exclusive membership program for qualified real estate agents and brokers.
This program will allow them to provide member agents and brokers with the unique opportunity to quickly and conveniently increase their cash flow and grow their real estate businesses. Members will enjoy exclusive benefits for funding including:
Priority processing of applications
45 Day Grace Period
10% Fee on advances 31+ days or more
Paid referrals for new colleagues that work with Accel Real Estate Commission Advance
No broker signature required to fund advances