Investing in rental properties is a great way to diversify your portfolio and build wealth over time. However, rental property management can seem less like a passive investment and more like a full-time gig when you’re stuck spending time searching for a tenant and struggling to collect rent from tenants each month.
The good news is you can still invest in rental properties without dealing with all the headaches of managing rentals. And no, you don’t have to give away all your profits to a property manager; instead, you can take advantage of landlord software. The right landlord software helps rental property owners automate and manage tasks like finding and screening tenants, collecting rent, creating lease agreements, and more. By using software to self-manage your rental properties, you get to keep 100% of your cash flow while still keeping your investment passive.
The best part? There’s a wide variety of landlord software solutions available to choose from. After extensive research, our top recommendation is TurboTenant. With over 700,000 investors using TurboTenant to manage their rentals, it’s clear that the platform has its perks.
Here’s a quick breakdown of why TurboTenant is our top pick:
- Pricing
- Comprehensive features for finding and managing tenants
- Colorado-based customer support team
- Free education and tools
Keep reading to dive into TurboTenant’s landlord software and how it can help you maximize your profits.
Pricing
TurboTenant structures its platform so landlords can simplify rental management without impacting their bottom line. TurboTenant has a completely free subscription plan that allows landlords to market their rental, run screening reports, collect rent, manage maintenance requests, and keep track of their accounting. And it’s completely free, forever.
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For savvy investors, TurboTenant has Pro and Premium plans. While other landlord software solutions charge per unit, TurboTenant keeps their subscriptions at a flat rate. Plans start at $119/year. You can view the perks of their paid plans here but we find the most value in unlimited state-specific lease agreements and e-signature.
By keeping costs low, TurboTenant supports your rental property business growth and allows you to take home 100% of your rental profits without having to pay for a subpar property manager. The money you’ll save managing your own rentals can be re-invested in your portfolio, or used on an awesome vacation.
Comprehensive Features
Another reason TurboTenant is our top pick for property management software is their true all-in-one feature set. From filling vacancies to collecting rent, their platform can help you streamline every task.
Vacancy
Filling vacancies quickly is essential to maintaining steady cash flow. TurboTenant helps you market your rental by publishing your listing to dozens of top listing sites like Apartments.com, Redfin, Craigslist, and more. TurboTenant landlords average 28 leads per listing. They even automatically pre-screen every individual who expresses interest in your rental, so you don’t have to waste your time on unqualified leads.
Tired of the back and forth to schedule showings? TurboTenant has a showing scheduling feature that allows you to set unique availability, send booking links to leads, and automate reminders to you and the potential tenant so you don’t miss an appointment.
Once you’re ready to move forward with a tenant, you can send them a comprehensive background, credit, criminal, and eviction check with TurboTenant. All you have to do is send the applicant a link via text or email and you can view the screening results from anywhere.
Residency
Once you lock in your dream tenant with TurboTenant’s vacancy tools, you’ll need an airtight lease agreement to protect both you and your tenant. Create a solid lease agreement with TurboTenant’s attorney drafted state-specific lease agreement templates. Customize the agreement to your property and send it off to the tenant for signature. E-sign is included and addendums can be added at any time.
In your lease, you’ll want to specify how you collect rent payments. We recommend TurboTenant because it is the best way to securely and professionally collect rent. Although popular, collecting rent through peer-to-peer payment processors or cash and check can be risky for your rental business. Don’t gamble with your rent payments. Using a rent collection platform like TurboTenant is professional, secure, and will make your life easier with custom automatic late fees, autopay, and rent reminders.
All in One Software
While we dove specifically into our favorite TurboTenant features, you can check out a full list below:
- Rental marketing to top listing sites
- Tenant screening
- Rental applications
- State-specific lease agreements (e-sign included)
- Automated rent collection
- Accounting
- Tenant messaging
- Condition reports
- Showing scheduling
- Maintenance coordination
- Messaging
TurboTenant is built by landlords, for landlords, ensuring the product continues to grow to support the needs of the average rental property investor. TurboTenant’s product team creates
their product roadmap based on user feedback, and they release new features and product updates weekly. For a deeper look into their full feature set, click here.
Colorado-Based Customer Support Team
We’ve all experienced the frustration of not being able to get a hold of customer support, being left on hold for hours (sometimes days), and all the other challenges that come with troubleshooting a product. One of our top considerations for great landlord software is a dedicated support team.
TurboTenant’s support team is based in the company’s hometown of Fort Collins, Colorado, works 7 days a week, and has an average response time of less than 3 minutes for chat support. As a Premium subscriber, you have unlimited access to phone calls with their team, and all users can reach out for help via chat or email. For landlords moving a large portfolio onto TurboTenant, they even have an onboarding team that can help automate that process. You can inquire about that here.
Want to see what other landlords are saying about TurboT enant’s customer support? Check out customer reviews.
Free Education and Tools
There’s a lot to navigate as a landlord. Between the Fair Housing Act, evictions, lease agreements, tenant communications, and state laws, it can be overwhelming. While TurboTenant makes great software, what sets them apart is their free education. TurboTenant’s goal is to help you “be a better landlord, ” supplying answers to all the hard questions and making sure you never feel alone as you build your rental empire.
TurboTenant covers all the hot landlord topics, like Section 8 Housing and ESA/ADA compliance, in many different digestible formats. Their education is 100% free and available to any interested landlord. They also have a library of tools to help you be successful, like their rent estimate calculator to keep your rent competitive or their AI Lease Audit to ensure compliance with rental laws.
Here are some examples of their educational resources:
- Monthly live webinars
- Be a Better Landlord Podcast
- Adventures in Landlording Podcast
- Blog
- Better Landlords Facebook Group
- Better Landlords Forum
- Ebooks
- Landlord Toolbox
Final Thoughts
TurboTenant is a great pick for managing your rentals, whether you’re just getting started or already have 50+ units. You shouldn’t have to give away 10% of your profits to a property manager when you can easily (and often more successfully) manage your rental yourself.
Wondering if TurboTenant is right for you? You can create a free account here to check it out. No credit card required.