Nomad does not use the MLS (Multiple Listing Service) to list rental properties. Here are the key reasons why:
- Target Audience: Most potential renters search for homes on popular public sites like Zillow, Trulia, and HotPads, which are more directly targeted towards rental markets.
- Nature of MLS: The MLS is primarily used by real estate brokers for buying and selling properties, not for rentals, which limits its effectiveness for rental listings.
- Costs and Commissions: Listing on the MLS could incur additional costs, including potentially high commissions to renters’ agents, which would be an extra burden on property owners on top of Nomad’s fees.
- Cost Efficiency: The operational costs of using the MLS do not align with Nomad’s fee structure, making it a less viable option.