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Updated over 5 years ago,
Anyone Else Notice the 3rd of July News from Zillow?
Link to Zillow's Article about charging to list a Property
Looks like Zillow is looking to add another cash flow stream, by charging landlord to put their properties on Zillow. Looks like Zillow is going to be charging $10 a week to list a property on Zillow, don't get me wrong $10 a week or $40 a month isn't make it or break it money, but it is annoying. It seems like a cheap nickel and dime approach to making cash. I'm sure with the amount of places for rent on Zillow it will add up to be sizable chuck of cash for Zillow. At the same time I don't like or use all the "extra's" Zillow Manager offers / bundles with their Rental Manager app / site. It just agitates me when I'm stuck with paying for stuff I don't use or want because I only want 1 thing out of package. I know websites have to make money and its a business and when the revenue from the advertisements aren't enough sites need to get figure out other methods to make money I get it I truly do it just seems sleazy building up traffic to site and when you get a good amount of traffic to your site THEN you start charging half your base for their contribution to the site.
In the last couple of years I've found some great tenants from Zillow their sister sites Trulia and Hotpads. Don't get me wrong I advertise all over Craiglist, Rentals.com, GoSection8.com, Facebook Market Place and Apartments.com. If anyone has any other suggestion please let me know as well. My approach is that the more people I can get to put in an application the better. In my opinion having to pick from a group of great tenants is a good problem to have. I found that having the right tenant vs the next tenant works out well for me better in the long run.
Is anyone else a little bothered by Zillow tactic's or is it just me? Also do you think this will drive some or any of the traffic away from Zillow now they are taking this approach? I've seen other websites that when they started doing cheap money grab tactic's it the beginning of the end. Just wondering what everyone else thoughts on it were?
Thanks In Advance
John Barrett