What is TurboTenant?
TurboTenant is a comprehensive online property management software designed to streamline the processes involved in managing rental properties. It is tailored for independent landlords, whether they are managing a single unit or up to 100 units, and offers a range of tools to simplify every aspect of the rental cycle.
Key Features and Functionality
Advertising and Listings
TurboTenant allows landlords to create professional rental listings that can be automatically distributed to over a dozen major rental websites, including Redfin, Apartments.com, Zumper, and Apartment List. This feature enhances visibility and attracts potential tenants efficiently.
Lead Management and Prescreening
The platform organizes leads and automatically sends a prescreening application to prospective tenants, which includes questions about income, pets, smoking, and move-in dates. This helps landlords quickly identify suitable candidates.
Tenant Screening
TurboTenant offers thorough tenant screening services, including credit reports, background checks, and eviction histories. For Premium plan users, the platform also provides Income Insights, which cross-references TransUnion data with applicants’ self-reported income.
Lease Agreements
The software provides state-specific lease agreement templates that are reviewed by lawyers annually. Landlords can customize these agreements and request digital signatures from tenants. The Premium subscription includes unlimited leases and addendums.
Online Rent Collection
TurboTenant features an automated rent collection system that allows tenants to pay online via bank transfer or credit/debit card. The system includes recurring charges, automatic reminders, and the option to set up custom late fees. It also supports autopay and sends reminders to tenants, ensuring timely payments.
Financial Management
The platform integrates with accounting software like QuickBooks, enabling landlords to sync income and expenses seamlessly. It also offers automated bookkeeping, cash flow tracking, and downloadable tax packets. Additional accounting features, such as integrated landlord accounting, are available as an add-on.
Communication and Organization
TurboTenant includes instant messaging for landlords to communicate with tenants, as well as tools for managing maintenance requests and storing documents. The platform also provides a Renter Toolbox with budget calculators, moving cost estimators, and rental document templates.
Additional Tools and Resources
- Rent Estimates Calculator: Helps landlords determine optimal rent prices.
- Free Lease Agreement Audits: Ensures lease agreements are compliant with local laws.
- Rent Payment Trackers: Keeps a clear record of all payments.
- Educational Resources: Includes podcasts, YouTube videos, and professional articles on landlord and renter topics.
Pricing and Plans
TurboTenant offers a free plan that includes essential features such as rental advertising, lead management, rental applications, tenant screening, and online rent collection. The Pro and Premium plans provide additional features, faster service times, and enhanced support, including phone support and expedited payouts.
In summary, TurboTenant is an all-in-one solution for landlords, offering a user-friendly interface and a comprehensive suite of tools to manage every aspect of rental property management, from advertising and tenant screening to lease agreements and financial management. Its flexibility and scalability make it an ideal choice for both novice and experienced landlords.