All Forum Posts by: Mario Teran

Interested in knowing if anyone has listed their MTR on the MLS simultaneously while on sites like Furnished Finder, Airbnb, and Zillow for additional visibility? What are the pros and cons of this and how have you managed the listing between the MLS and the MTR-friendly sites?

Make Sense.

Yes but I have a great relationship with my agent and I am very upfront about this. If they bring the client they get the commission, If I get the client than they do not. This is probably only possible b/c of our time working together

0 Votes

Boston, Massachusetts

Quote from @Brady Graham:

Hi Mario,

I can see the benefit of using the MLS to syndicate the listing across Zillow, etc. But I think the best question you might consider here is, what kind of end user is looking for an MTR on the MLS? As an agent myself that doesn't operate in the rental space, I could be out of touch on this, but, I would think most agents sharing MLS listings are also looking to be paid a co-broke. On top of that, who is paying for that commission if they bring a tenant?

I imagine keeping the listing tightly posted on AirBnb and furnished finder, or working directly with someone at a local hospital that sources housing or offers recommendations to travelers would be the most productive marketing strategy.

I agree, the MLS is meant to supplement the strategy, the key will be how much effort the owner puts into the avenues you mentioned.

0 Votes

Boston, Massachusetts

Quote from @Nicole Heasley Beitenman:

Quote from @Mario Teran:

Yes, you do need a real estate agent to list on the MLS. I am an agent listing the MTR for a client. The thinking here is to offer a flexible listing option to the client so that he can still rent on his own and add the MLS as an additional option to complement the more common MTR channels.

Are you getting much traction on the MLS?

Posted it a few days ago, not yet. We will see how it goes!

1 Vote

Boston, Massachusetts

Quote from @KiKi Wood:

I agree with @Nicole Heasley Beitenman!

If you're going to do that, you will really have to stay on top of both platforms. It could get tricky if your market/realtor charges for listing and/or taking applications for it as well. It's not impossible, but it seems like it would be a lot to handle with it being live and inquired about on both sites.

Agree - I will likely end up co-hosting the unit to help manage it across platforms.

0 Votes

Boston, Massachusetts

Quote from @Nicole Heasley Beitenman:

Would you need to be a licensed realtor, or work with a licensed realtor, to list on the MLS? While I don't think it would hurt to have your property on another platform, I foresee more headaches than advantages. The only way you're going to be able to manage the listing between the platforms, that I'm aware of, is by manually adjusting the availability on the MLS anytime the property is booked through a different site. Hopefully others chime in with more experience/knowledge of the MLS than me! I'll be interested to see their responses.

1 Vote

Boston, Massachusetts

0 Votes

Boston, Massachusetts

I am not sure what you mean by a "wholesale" offer. The 70% rule = ARV (after-repair value) x 70% - Repair Cost. If you intend to wholesale it to an investor who uses this 70% rule, you would want to sell it even lower to account for the profit you want to make (i.e., $10K). The ARV is determined from sales comps. If you need help with sales comps, send a DM.

0 Votes

Boston, Massachusetts

I agree with Lien that buying the second unit is the better way. As an FYI, the City of Boston offers a no-interest loan (up to $50K) for ADUs. You can see more info here: https://www.boston.gov/departm...

If you can share the loan program via a reply or DM, that would be great.

0 Votes

Boston, Massachusetts

The Sold Book (from the BP Bookstore) has a chapter about selecting a brokerage and what is and what is not essential. David Greene highlights in the book the importance of training in selecting a brokerage and that branding and technology have a lower rank in importance. If you have not selected yet, I went through this process earlier this year. Feel free to shoot me a DM for additional insight.

0 Votes

Boston, Massachusetts

Ok, thank you.

0 Votes

All Forum Posts by: Mario Teran

Mario Teran has started 3 posts and replied 12 times.

Post: MTRs and MLS

Post: MTRs and MLS

Post: MTRs and MLS

Post: MTRs and MLS

Post: MTRs and MLS

Post: MTRs and MLS

Post: How do you calculate a wholesale offer with fire damage?

Post: Should I invest cash out refifunds into ADU or another strategy??

Post: Selecting Brokerage As a New Agent

Post: Talking to Lender (mortgagee) of Property Owner