Latest Thing: Enter the property without a Realtor. 99 cents!

By
Real Estate Agent with RE/MAX Compass, formerly RE/MAX WHP 0524642
http://activerain.com/droplet/4XNW

I had just left a listing appointment when I saw the "sign" in front of the neighbors yard. Check out the rider promoting the ability to "see the home yourself."

enter the home yourself

 

This rental property is indeed listed by a local Realtor. That part surprised me because the list of things that can go wrong are astounding. 

 

Here's the reminder notice on the combination lock box .... that has the key to the home!

lockbox

 

 

In order to gain access an individual must offer a credit card number, provide their personal information and pay 99 cents to enter the property. 

 

WHAT?


No homeowner that I have ever met should subject themselves to trusting the general  public THIS much. Realtors are paid a fee, and in my opinion, they should earn it. The listing agent should be anxious to screen customers, ensure a conversation has taken place and actually meet the individuals before letting them in the home. 


Are you seeing this in YOUR market? What do you see wrong with this idea?

 

 

Posted by

 

 
Greg Nino
, Houston area Realtor®.
Helping residential buyers, sellers and tenants 7 days a week.
Available @ 832-298-8555 

RE/MAX Compass (Formerly RE/MAX WHP)

www.GiveMeMyHomesValue.com

www.EverydayHoustonHomes.Com

 

 

The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments disclaim any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. All information is copywritten and the property of Greg Nino.  

 

 

 

 

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Sonja Patterson 12/01/2016 04:34 PM
Topic:
Real Estate Best Practices
Location:
Texas

Spam prevention
Show All Comments
Rainmaker
1,352,449
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
your real estate writer

This has to be one of the dumbest things I've ever heard. 

Dec 02, 2016 09:39 PM #62
Rainmaker
1,323,711
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

Yeah, wrote about this last year. There will be a bunch of trolls coming along shortly to tell you all the great 'benefits'. I personally don't care as if the seller can't figure out this isn't good - nothing can be done.

Rently has been around I guess for a few years but I got to deal with them last year. They think it's safe as they have the renter/buyers credit card. Like that stops them from punching holes in the walls or stealing the frig. They pleaded with me last year not to cut the lockbox off the listing with bolt cutters. An out of state agent owns the LB.

It's just another bad idea. I guess it costs the agent $30 a month which I'm sure someone makes up with those $1 showings.

 

Dec 03, 2016 04:47 AM #63
Rainmaker
311,768
John Wiley
Jones & Co. Realty - Fort Myers, FL
Lee County, FL Real Estate GRI, SRES,GREEN,PSA

I am amazed at how agents go to such lengths to become irrelevant.

Dec 03, 2016 05:36 AM #64
Rainer
375,668
Anna Hatridge
Goodson Realty - Bonne Terre, MO
Missouri Realtor with Goodson Realty

Haven't seen this in our area, but I'm sure someone will give it a try.  

Dec 03, 2016 06:03 AM #65
Ambassador
1,610,839
Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

There will always be ways to cut out agents. However, real estate is still a person to person business.

Dec 03, 2016 06:06 AM #66
Rainer
13,454
Tony Romero
Autaugaville, AL
A Positive Force in Real Estate

Too much exposure for both the owner and the brokerage.  A true, "Fiducuary" keeps the interests above all others - and that is clearly not happening here.  Additionally, you must treat customers fairly - that is also missing in this instance.

Dec 03, 2016 06:20 AM #67
Ambassador
1,929,418
Wanda Kubat-Nerdin - Wanda Can!
PK Real Estate Utah South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Have not experienced this Greg, hope not to! We are required to use the e-boxes here. There are so many things that are not right about this. Wow!

Dec 03, 2016 08:38 AM #68
Rainer
5,965
Sherry Washington
Scottsdale, AZ

Have not seen this yet in Phoenix/Scottsdale area. Wow! Is all I can say. This sounds like such an irresponsible idea. Will see how long this lasts.

Dec 03, 2016 09:18 AM #69
Rainmaker
328,330
Diana Dahlberg
1 MONTH REALTY - Kenosha, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

We've not seen this in the SE Wisconsin area.  And I hope we never do.  You asked, "what's wrong with it?"  I say "absolutely everything!"

Dec 03, 2016 02:14 PM #70
Rainer
63,923
James Renfro SRS, SFR, CPRES
Renfro Realty Group - San Diego, CA
Internet Marketing Specialist

It's amazing what agents find OK!  Thank you for letting us know what's out there these days! Hopefully 99.999% of agents out there would find "absolutely everything" wrong with that.

Dec 03, 2016 02:47 PM #71
Rainmaker
1,576,728
Lottie Kendall
Today | Sotheby's International Realty - San Carlos, CA
Serving San Mateo County and San Francisco

I haven't seen that here ..... yet! Asking for trouble!

Dec 03, 2016 05:40 PM #72
Rainmaker
1,324,010
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Is it a rental or for sale?  Either way it seems like a really bad idea.

Dec 03, 2016 06:26 PM #73
Rainer
277,513
The Derrick Team - Indy Metro Realtors
Carpenter Realtors - Avon, IN
Your Pet Friendly Realtors

We've seen it here in central Indiana on vacant rentals. First time a home get's trashed it will go away...

Dec 04, 2016 08:53 AM #74
Rainer
25,426
Dawn Rupersburg ABR, CRS, AHWD
Coral Shores Realty Inc. - Ocala, FL
Coral Shores Realty, Full Time Realtor

This is a rental product from viewing the website.   http://use.rently.com/  The FAQ on the website answer several concerns one might have.   I think it's a huge time saver for propery managers and if properly insured I see mimimual risk.  If damages occur they have the people's credit card.   The  terms of use I'm sure put liability on the prospective renter.  The main propblem with this would be if there is more than one renter at the house at the same time.   One might be able to get into the home without providing info. 

Dec 05, 2016 06:17 AM #75
Rainmaker
304,653
M.C. Dwyer
Century 21 Showcase REALTORs - Felton, CA
Santa Cruz Mountains Property Specialist

Shockingly.  Stupid.    Thanks Greg Nino for letting us know about this, and to several AR members who've also seen it.    

We have a fiduciary duty to protect our clients!    How about standard of care? Criminals with bad intentions already have or could easily obtain and use a stolen credit card number....

Dec 05, 2016 10:13 AM #76
Rainmaker
1,201,451
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Greg Nino ~ I've never heard about this until now. I just checked out the website and I saw that there are many rental properties on their site to view near me. Needless to say "I'm shocked."  As a rental property owner, I would never go for such a thing. Too much risk for too little reward if you ask me. I have over 200 individual units, and at any given time, I never have more than 3 vacancies in any given month. It's just not that difficult to vet potential tenants and properly show my vacancies. There's no way I would ever use this company

Dec 05, 2016 10:36 AM #77
Rainer
61,764
Anne Corbin
Fritz Realty LLC - Spotsylvania, VA
Serving Lake Anna & Central Virginia

Yikes! What's to prevent squatters from moving in?

Dec 06, 2016 07:49 AM #78
Rainmaker
856,628
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Ranks right up there with Open Door in our area.  Crazy!  

Dec 06, 2016 10:28 AM #79
Rainmaker
515,317
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

This is a product designed for rentals, not for sales. As a property manager, I network with thousands of Brokers around the country and many of them use this product. I am not aware of a single instance of damage to the home, missing refrigerators, etc. Even if something did happen, Rently provides insurance to cover the damages.

Without this box, someone has to drive to the property, open it, show it, and lock it back up. On a home for sale, that may be once a week or once a month. On a home for rent, it could be ten times in a day! This is a time-saving option for property managers and their teams.

Think it through. If someone wanted to enter the home and cause damage, they would have to use their credit card which gives us a record of who they are. Wouldn't it be just as easy to break out a window and enter the home? This rently box is just like a door lock: it keeps the honest people out.

Dec 31, 2016 06:58 AM #80
Rainmaker
463,230
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Will wonders never cease? The force must be with him to keep bad tenants out.

Dec 17, 2017 03:59 PM #81
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,079,496

Greg Nino

Houston, Texas
Providing Real Estate Advice 7 days a week!
*
*
*
*
Spam prevention

Additional Information