TurboTenant Gives America’s DIY Landlords Professional Property Management Software – For Free
There are many roads to becoming a landlord. Some get there intentionally by buying a rental property and pursuing their dream of passive income. Others come upon it accidentally by inheriting a property.
In the past, landlords typically turned to property management companies to alleviate their burdens, an option that often came with a hefty price tag. Today, however, landlords can leverage TurboTenant to do it themselves with ease and efficiency.
“TurboTenant supports do-it-yourself landlords — no matter how many rentals they have — in managing their properties with free tools that eliminate the need for high-priced property management companies,” says Harrison Stevens, Vice President of Marketing for TurboTenant. “DIY landlords often get a bad rap because they aren’t seen as professional as management companies. TurboTenant supports them in a way that changes that perception.”
TurboTenant is a rental property management software platform that simplifies the entire rental process. It includes tools that assist landlords in getting leads, screening prospective tenants, and collecting rent — all from one user-friendly dashboard.
Overcoming key challenges for landlords
“Managing a property requires a lot of steps,” Stevens shares. “Much of it is still done on paper or with one-off digital solutions.”
To attract tenants, landlords post physical “For Rent” signs and develop postings for multiple online listing sites. When people show interest, landlords manage an inflow of text messages and coordinate property showings. Then, landlords must field applications and access screening sites to vet renters and ultimately select the right one. It’s a lot of pressure.
When they finally find the right renter, landlords start the challenging process of collecting rent. Many of the most common payment methods — personal checks, cash, or direct deposit — carry risks for landlords. The more secure methods — cashier’s checks, money orders, or online payment providers — can be inconvenient or carry costs that cut into the profit landlords make on their rent.
TurboTenant addresses all those challenges with a free suite of online tools that maximize efficiency. It markets properties without hassle, screens tenants with FHA-compliant processes, and provides non-discriminatory applications. TurboTenant also collects rent from anywhere.
“TurboTenant helps landlords every step of the way, but its most valuable features are its screening and application tools,” Stevens says. “It helps landlords find tenants and ensure they are the right ones for their property. Carefully vetting renters early in the process prevents the hassle of non-payment of rent, or even evictions later.”
Helping landlords to improve communities
When you see all TurboTenant offers for free, it’s natural to wonder, “What’s the catch?” But as TurboTenant states on its website, there are no tricks or trials to worry about.
Statistics show that the average rent in the US is just north of $2,000 per month. That means property manager fees, which range from 8 percent to 12 percent of monthly rent fees, can be as high as $240 per month or $2,880 per year.
Conversely, TurboTenant’s free offering allows landlords to professionalize their processes and increase tenant convenience by passing off small background check fees or rent collection costs to the renter, which landlords can pay for themselves if they choose.
“TurboTenant fully supports DIY landlords because of all the good they do in their communities,” Stevens explains. “These aren’t substantial corporate entities; they’re your next-door neighbors looking to create a better life for themselves and their families.”
TurboTenant also knows that DIY landlords who are properly managing their properties create a ripple effect of positivity in their communities. By providing safe housing and rental services that are compliant and convenient, they create opportunities for first-time renters to build a rental and credit history.
Statistics show that the properties rented by DIY landlords are typically more affordable than those provided by institutional investors, which makes a massive difference in markets marked by housing insecurity. The empowerment TurboTenant provides helps DIY landlords keep their properties on the market.
Streamlining the rental process
Speed is a critical feature for landlords. Every day a rental sits empty is lost money. TurboTenant keeps those days to a minimum by giving landlords tools that take only minutes to apply. Its property marketing tool, for example, allows landlords to build listings in less than 10 minutes and post them to dozens of popular renter sites.
TurboTenant also streamlines the rent collection process for landlords by providing automated services. It automatically sends rent reminders and imposes automated late fees if renters fall behind. When rents are paid, receipts are automatically generated and sent. Easy.
Reviews from TurboTenant users show that the platform makes a huge difference. They applaud the platform for making communication more efficient and getting great tenants more easily. As one user explains, TurboTenant allows landlords to convert a person “from a potential tenant into an actual tenant” within a few hours.
Whether you’re a first-time landlord or an experienced real estate investor, TurboTenant has the tools you need to self-manage your rentals more efficiently. It has already helped more than 750,000 independent landlords create more welcoming rental experiences and rest easy when it comes to managing their rental properties and tenants.
