Table of Contents
What is an ILS listing?
Internet Listing Service (ILS) ILS stands for Internet Listing Service, which is an online real estate search database that displays properties and units that are available for rent.
What is an ILS in the rental market?
One powerful marketing tool to help you reach these goals is an Internet Listing Service, often referred to as an ILS. Whether you’re a national property management company or a small apartment community, an ILS can help you successfully reach your occupancy goals.
Who owns Rentpath?
Redfin
RentPath/Parent organizations
Why did Redfin buy RentPath?
Better Value for Advertisers: Redfin will increase RentPath’s reach, creating more rental opportunities for the rental properties promoted on RentPath sites. Redfin estimates that 10 million of Redfin’s 40+ million monthly online visitors may also be interested in rental properties.
How does RentPath make money?
It noted RentPath lowered its subscription packages and increased marketing spending “in response to CoStar’s much larger marketing budget.” In addition, as RentPath depends almost completely on subscription-based fees for its revenue and is focused solely on apartment rentals, it has more limited diversification for …
Will Redfin be acquired?
By acquiring RentPath , Redfin will be as committed as we are to the rental market….Redfin Announces Agreement to Acquire RentPath for $608 Million.
| Redfin | RentPath | |
|---|---|---|
| Employees (as of 12/31/20) | ~4,000 | ~700 |
| Avg Monthly Visitors* | 39 million | 16 million |
| Organic Visitors YoY Growth* | 23\% | 26\% |
| Total Revenue* | $875 million | $194 million |
Who is the CEO of Redfin?
Glenn Kelman (Sep 2005–)
Redfin/CEO
Glenn is the CEO of Redfin. Prior to joining Redfin, he was a co-founder of Plumtree Software, a Sequoia-backed, publicly-traded company that created the enterprise portal software market. Glenn was raised in Seattle and graduated from the University of California, Berkeley.
Who owns RentPath?
Who bought RentPath?
It’s official: Redfin has finalized its purchase of RentPath for $608 million in cash, expanding the brokerage’s presence in the rental market. The acquisition gives Redfin control of RentPath’s subsidiaries, including Apartment Guide, Rentals.com and Rents.com, Inman reported.
Is Redfin profitable yet?
Revenue increased 14\% year-over-year to $886 . 1 million in 2020. Gross profit was $232.1 million , an increase of 61\% from $144.1 million in 2019. Real estate services gross profit was $234.1 million , an increase of 56\% from $150.4 million in 2019.