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About TurboTenant
Industries
Real Estate
Company Size
51-200
Company Stage
Series A
Total Funding
$10.2M
Headquarters
Fort Collins, Colorado
Founded
2015
Overview
TurboTenant provides software solutions for landlords and property managers in the property management industry. The platform includes tools for advertising rental properties, managing leads, and screening tenants, making the rental process more efficient. It primarily targets independent landlords and small property managers who require cost-effective ways to manage their properties. TurboTenant operates on a freemium model, offering core services for free while charging for premium features such as advanced tenant screening reports, online rent payments, and enhanced marketing tools. This approach allows small to mid-sized landlords to simplify tasks like tenant screening, lease management, and maintenance requests, distinguishing TurboTenant from competitors by focusing on the specific needs of smaller property owners.
Simplify's Take
What believers are saying
- TurboTenant's strategic growth investment from LLR Partners boosts its expansion capabilities.
- The launch of a mobile app enhances accessibility for landlords and tenants.
- TurboTenant's Lease Agreement Audit AI Tool helps landlords mitigate legal risks.
What critics are saying
- Increased competition from platforms like Avail and Cozy may dilute market share.
- Stricter rental regulations require continuous updates to compliance tools, straining resources.
- Economic downturns could lead to increased rental defaults, impacting premium service revenue.
What makes TurboTenant unique
- TurboTenant offers a freemium model, attracting small landlords with cost-effective solutions.
- The platform integrates advanced accounting features through its acquisition of REI Hub.
- TurboTenant's partnership with Livble provides flexible rent payment solutions for tenants.
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Funding
Total Funding
$10.2M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Holidays
401(k) Retirement Plan
401(k) Company Match
Company Equity
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↑ 4%TurboTenant launches free 2025 tax prep guide to make doing taxes simple and stress-free.
TurboTenant has acquired REI Hub, enhancing its rental property management software with advanced accounting features. This acquisition aims to simplify property management for landlords, offering tools like IRS Schedule E reporting. REI Hub will continue supporting existing clients, including RentRedi users. TurboTenant landlords can benefit from bundled services for cost savings. TurboTenant serves over 700,000 landlords, while REI Hub has supported over 15,000 landlords since 2018.
To address this mounting issue, TurboTenant partners with Livble, a flexible rent payment solution that empowers renters to take control of their largest expense by breaking it into more affordable installments-while guaranteeing each landlord receives their rent payment on time and in full.
FORT COLLINS, Colo., Oct. 10, 2024 (GLOBE NEWSWIRE) -- LLR Partners today announced a strategic growth investment in TurboTenant, a leading property management solution for landlords. The capital will be used to help
FORT COLLINS, Colo., Oct. 10, 2024 (GLOBE NEWSWIRE) - LLR Partners today announced a strategic growth investment in TurboTenant, a leading property management solution for landlords.
TurboTenant is Hiring for 1 Jobs on Simplify!
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About TurboTenant
Industries
Real Estate
Company Size
51-200
Company Stage
Series A
Total Funding
$10.2M
Headquarters
Fort Collins, Colorado
Founded
2015
TurboTenant is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today