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Home Investing

TurboTenant Review: Free Landlord Software

Diana Mason by Diana Mason
December 18, 2022 2:36 am CST
in Investing
0
Reach your financial potential with Vanguard. Get tailored advice to confidently achieve your financial goals. Learn more here.

TurboTenant (turbotenant.com) is a powerful rental management service with over 450,000 landlords currently using the platform. Members can efficiently list and manage their properties with listing syndication, applicant evaluation, rent collection, and much more.

The company has a free plan, so landlords can use the service without having to pay anything. However, tenants will have to cough up cash for each online application and screening report. Keep reading for everything you need to know about TurboTenant.

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TurboTenant Features

TurboTenant Features

TurboTenant offers an array of features for landlords, making it easy to find and screen tenants, create lease agreements, collect signatures and rent payments online, and more.

Property Listing & Advertising

TurboTenant helps landlords post and market rental listings. Easily create a professional rental listing following a step-by-step guide. You’ll be able to include information like rent amount, date available, lease term, deposit, amenities, occupancy limit, pet policy, photos, and more. Then one simple click will syndicate your listing across over a dozen rental websites, such as Apartments.com, Apartment List, Facebook Marketplace, Realtor.com, and Rent.com.

TurboTenant can also assist with marketing websites for each of your listings which you can then share by email, text, or social media.

Applicant Management

Once you get your listing and marketing website up and running, you’ll get plenty of leads for potential tenants. According to the company, landlords average over 28 leads per property. With TurboTenant, you can message potential tenants, and you can track and manage your leads by updating the status and adding notes for each lead.

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From there, you can offer a pre-screener questionnaire that gathers essential information – desired move-in date, employment, monthly income, number of occupants, pets, and more – so you can prioritize showings to more desirable candidates.

For those that make it past the pre-screener and show interest in renting from you, they can complete your customized online rental application. If you want, you can also require tenants to purchase screening reports certified by TransUnion as well as request identity and income verification.

Tenant Management

TurboTenant helps you create a customized rental lease agreement by providing pre-made, state-specific templates and letting you put your own spin on it. After you’ve found your perfect tenant, you can have them sign your rental lease agreement online. TurboTenant lets you view leases, add tenants to lease agreements, and upload important documents to the platform.

You can also easily collect rent and payments from your tenants on a one-time or recurring payment schedule. There are options to charge automatic late fees, and you can send reminders to your tenants to pay.

Tenants can build their credit history for free when they pay rent via TurboTenant, pay from any device and with a credit card, and split rent with their roommate.

Other Features

TurboTenant has several other benefits for landlords, including an essential rental forms pack, bulk tenant messages, automatic text and email notifications, information on rental estimates, landlord-tenant laws, and rental market statistics, expense tracking, maintenance management, integrated rental accounting, and a $25 Amazon Gift Card bonus for every landlord you successfully refer.

Tenants can also take advantage of renters insurance offered by the platform.

Learn more about TurboTenant here…

Alpha Picks Mobile

TurboTenant Pricing & Fees

For landlords, TurboTenant offers two different plans, Free and Premium. Here’s how the two compare:

FREEPREMIUM
Monthly pricing$0$6.58
(billed annually)
Number of propertiesUnlimitedUnlimited
Rental advertisingYesYes
Lead managementYesYes
Applications & screeningYesYes
Automated reference checksYesYes
Rent paymentsYesYes
Rent reportingYesYes
Expense trackingYesYes
Maintenance requestsYesYes
MessagingYesYes
Document managementYesYes
Chat supportYesPriority
Phone support—Yes
Expedited rent payouts—Yes
Connected bank accounts1Unlimited
State-specific lease agreements$39/leaseIncluded
Lease addendums$15/addendumIncluded
E-signatures$9/documentIncluded
Landlord forms pack$145Included

Below is a list of TurboTenant fees your tenants will have to pay:

Application fee$55
Screening report fee$55
Online rent payment – ACH transferFree
Online rent payment – credit/debit card3.49%
Rent reporting (build credit score)Free
Renters insurance (optional)$8/mo

Bottom Line

TurboTenant is a freemium, all-in-one rental management service that could cost nothing for landlords. Tenants, however, will have to pay $55 for the application fee and the screening report fee.

TurboTenant – Free Property Management Software

Turbotenant Offers

If you’re a landlord looking to streamline your rental process and tenant management, give TurboTenant a look.

From filling your vacancies to online rent collection, this rental property management software will help you manage your properties from anywhere.

From one website, post your property for free on dozens of the most popular listing sites like Realtor.com, ApartmentList, Rent.com, Facebook Marketplace, and Craigslist.

Sign up for free with TurboTenant…

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

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Diana Mason

Diana Mason

My passion for travel eventually led me away from the 9 to 5 office life and into the embrace of freelance work. Born in Cali and raised in Philly, I am a creative professional with a delightful knack for words. When I'm not gallivanting across the globe, you can find me writing (of course), teaching yoga, and dreaming of my next big adventure.

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