New York ILS begins charging agents listing fees, but syndicated listings to continue at no additional cost
SANTA BARBARA, Calif., July 25, 2017 —RentCafe® began including rental listing syndication to the StreetEasy site in June 2017. This will continue at no additional cost to property management companies, despite a recent pricing change that introduces daily charges for rental listings on StreetEasy.com.
StreetEasy is a leading internet listing service (ILS) for New York area real estate rentals. Posting on StreetEasy.com was previously complimentary, but as of July 18, StreetEasy is charging residential agents $3 per day per rental listing. Agents must opt in and provide credit card details to have their listings featured on the new NYC Rental Network that includes StreetEasy, Zillow, Trulia and HotPads.
Property management businesses that use RentCafe – a multifamily property marketing platform from Yardi – to syndicate rental listings to StreetEasy will not incur this daily charge. RentCafe syndicated listings are automatically updated daily using real-time information from a property’s database, ensuring accurate availability, floor plans and pricing appear on the site.
“We heard confusion from property managers following the announcement of the new StreetEasy pricing structure last month,” said Richard Malpica, vice president and general manager, Eastern U.S., for Yardi. “We are pleased to report that RentCafe will continue to syndicate our clients’ listings to StreetEasy as well as more than 60 other ILSs – including Zillow, Trulia and HotPads – at no additional cost.”
Join a webinar to learn more about real estate listing syndication and marketing automation for property management with RentCafe.
About Yardi
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of residential and commercial real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.