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TurboTenant
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By: Scam Risk - Expert Reviewer
TurboTenant Reviews 2021: Best Lead Generation Software For Land Lords?
TurboTenant is a property management software that is utilized by over 250,000 landlords across the country. TurboTenant includes several essential services, such as automatic listing dissemination, lead monitoring, online rental applications, and automated rent collecting.
Can you trust this site for your business? Let’s see.
This review will go over TurboTenant to see if it really is the best real estate software out there.
You’ll learn whether real estate is the right online business for you.
And at the end, you’ll find answers to some of the most frequently asked questions regarding TurboTenant and real estate in general.
But most importantly, you’ll see the exact system many others have used to build their own internet marketing business to over $40,000 a month in mostly passive income.
This system made them swear off real estate for good, because it uses some of the same skills but in a much more powerful and profitable way!
Table of Contents
TurboTenant Review Summary
Sarnen Steinbarth launched TurboTenant in 2015. This system is now utilized by over 250,000 landlords and serves over 2 million renters.
TurboTenant has several handy tools to assist landlords in marketing and managing their properties. Automatic listing syndication, lead monitoring, free tenant payment, online rental applications, lease creation, and automated rent collection are among the services available.
TurboTenant is designed for individual landlords with 1 to 100 units. TurboTenant is a lightweight system with fewer functionality than other property management solutions. However, because it is entirely free to use, has a drag and drop option for ease of use and it is less expensive than more complex tools.
If you are a self-employed landlord seeking a solution for property marketing, lead management, and rent collecting, TurboTenant is a viable alternative that might save you money. Consider trying if you want a free solution that includes maintenance request monitoring and reporting.
What Is TurboTenant?
TurboTenant is an all-in-one, free property management application that simplifies the renting process. With its rental marketing, you may post to several websites with a single click. Gather online rental applications and assess potential renters (get credit reports & background checks). TurboTenant, both powerful and simple to use, will save you time, money, and headaches while you search for your next renter. Ideal for the landlord, property manager, or real estate agent with 1 to 100 units. It’s “landlording” simplified.
Features Of TurboTenant
We’ll go through the major features of TurboTenant and how it can help you manage your properties in the sections below.
Property Marketing
TurboTenant reduces vacancies by assisting you in creating rental listings and making them visible to potential renters. Custom property listings, automated listing syndication, and marketing websites are just a few of the features.
Customized Property Listings
TurboTenant allows you to generate rental listings directly. Here are some of the critical facts you may include in your listings:
- Amenities
- Dates available
- Occupancy limit
- Deposit
- Lease term
- Photos
- Pet policy
- Rent amount
- Virtual tour link
- Automatic listing syndication
You may use TurboTenant to submit your rental listings to many property listing websites automatically. Here are some of the websites with which TurboTenant has collaborations:
- Apartment List
- Apartments.com
- Show Me the Rent
- Realtor.com
- Rent.com
- Rent Path
- LiveLovely.com
TurboTenant does not post listings to Zillow, Hotpads, or Trulia in locations where landlords are charged for posts.
Marketing Website
In TurboTenant, you can construct a marketing website for each of your listings. Prospective tenants can apply directly on this website for listings.
Applicant Management
The application management tools of TurboTenant assist landlords in selecting the best prospective renters. Pre-screener questionnaires, lead management tools, online rental applications, tenant screening, and lease management tools are among the capabilities provided by TurboTenant.
Pre-screener Questionnaire
You may ask potential renters to fill out pre-screener questionnaires using TurboTenant, allowing you to rapidly eliminate less attractive prospects before scheduling showings. Here’s the rental process: when a prospective renter applies for a listing, TurboTenant will immediately email them a questionnaire with vital information such as:
- Contact details
- Preferred move-in date
- Employment
- Monthly earnings
- The total number of occupants
- Pets
- Smoking
You may view the candidate’s responses in your TurboTenant account. In addition, TurboTenant will send you an email notification when a candidate completes a questionnaire.
Lead Management
TurboTenant assists you in tracking and managing leads. Leads generated by your marketing website, third-party listing websites, and text and email invitations are immediately imported into the Leads module. You may also manually enter leads if someone contacts you by phone or meets you in person. You may update each lead’s status and add notes from your talks.
TurboTenant automatically sends email notifications when new leads are discovered. If you decide to proceed with a prospect, you may directly ask them to fill out an online rental application from this module.
In TurboTenant, you may message your leads directly. To facilitate communication, this system offers mass messaging. When you send a message to a lead, TurboTenant sends them SMS and email alerts, and they may react using the in-app messaging chatbox.
Rental Application Online
TurboTenant allows you to send and receive online rental applications. This application will collect common information included on most rental applications, such as:
- Background info
- Contact info
- Current and previous addresses
- Employers, both current and previous
- Documents
- Income
- Habits and preferences in daily life
- Personal info
Screening Of Tenants
You can compel potential renters to pay TransUnion-certified tenant screening reports as part of their online rental applications. TurboTenant provides two tenant screening options:
TurboReport charges $35 for each credit and criminal background check report.
TurboReport Pro charges $45 for every credit, criminal background, and eviction check report.
Lease Management
TurboTenant keeps track of and manages all of your leases and other key paperwork in one location. Also, you can browse forthcoming, existing, and historical leases under the Leases page. You may add tenants and submit papers to each lease. TurboTenant charges $9 per lease for electronic lease signing.
Rent Collection & Payments
With TurboPay, you can have your payments paid electronically from your tenants. Tenants can either set up recurring payment schedules or a one-time payment. TurboTenant will not charge you for bank charges. However, a 3.9 percent processing fee will be charged for debit and credit card transactions. Bank transfers usually take five to seven business days, while debit transactions take four business days.
Is TurboTenant Secure?
TurboTenant gives essential consideration to the security of all its users. As they say, “we want to protect both our landlords & renters.” Its app utilizes industry-standard Secure Socket Layer (SSL) HTTPS robust protocol version & cipher suite, provided by COMODO RSA Domain Validation Secure Server, CA.
The platform is built to safeguard clients from risks by having security controls at every layer from physical to application, isolating data and customer applications, and with its capacity to quickly implement security updates w/o service interruption or customer interaction.
Is TurboTenant Really Free?
TurboTenant is a free and easy-to-use software for property managers and landlords to market their rental properties, screen tenants, receive online rental applications, and more.
Does TurboTenant Check Credit?
It’s fast and easy to run a tenant credit, screen, and eviction check with TurboTenant, even if you have never done background and credit checks previously. It is recommended to start by having your tenant fill out the rental application.
- Input their email. Yes, that is it. You do not need to have their SSN or other personal data. You can screen tenants by inputting their phone number or email . Then, TurboTenant will take care of the rest.
- TurboTenant verifies their identity. The company will contact the tenant on your behalf and ask some questions for identity verification.
- Receiving of the report. You will receive a notification saying the screening report is already available to review as soon as the tenant identity verification is done.
How Does TurboTenant Make Money?
TurboTenant makes money by keeping and collecting the rental application fee. Landlords usually do not make money from application fees (renters shoulder the credit and criminal reports), but TurboTenant buys them in bulk. At a cheaper rate, they make a little money from each application.
TurboTenant Pricing And Cost
Although you can access the TurboTenant platform for free, some services and tools cost extra.
Tenant screening cost: $35 – $45
Application cost: $35 – $45 (paid by applicant)
Electronic lease signing: $9/lease
Rent comparison: $14.99/report
Forms pack: $99
Can You Make Money With TurboTenant?
Yes, you can without much online advertising with its tenant portal.
But…
There’s a lot that comes along with real estate that many people struggle with.
Now, don’t get the wrong idea…
It’s not impossible to make money with real estate, but if you’re gonna put in the amount of grueling work to do this business (which, trust us, isn’t easy), you might as well bring in some REAL money while you’re learning the ropes.
The program that helped skyrocket many online businesses to over $40,000+ per month is so simple that making money really does become second nature.
Is TurboTenant A Scam?
It is not a scam. A few things that set it apart is it is a legit property management company and a user friendly company. Overall, we enjoyed turbotenant’s screening features. TurboTenant provides a free property management software to property owners and landlords. The rental applicants pay the fees for application and background checks since the service is free to landlords.
It is entirely possible to build a profitable, successful real estate business… But there are better ways to build a business other than with real estate.
Because unlike TurboTenant, it actually provides real proof of real success from real people as recently as a few days ago.
Is Turbo Tenant Legit?
TurboTenant is a legitimate online company providing free property management software to property owners and landlords. Since the service is available for free to landlords, the rental applicants cover the background and application checks fees.
But, when it comes to building a business, you have plenty of options.
What Is Our Top Recommendation For Making Money Online In 2021?
Where this TurboTenant falls short is in scalability. Because in order to make a good amount of money with real estate, you have to own several different houses.
And who has that kind of capital to start?
But what if you went local?
With Local Lead Generation, you will be getting service requests from multiple sites at every minute of the day from people who are willing to pay a lot of money for what you can provide them.
I was watching a YouTube video once where the host made a comment that it isn’t about making a lot of money from one website… it’s about making a little bit of money from lots of different websites.
So, think of it this way….
What if you could have streams of investment income where you operated 10 rental units that you could charge anywhere from $750-1,000 per month?
That’s $7,500-10,000 per month in passive income!
What If You Invested Into 100 Rental Units?
But instead of spending $Millions to build houses or apartment complexes… you spend a couple hundred dollars to build websites.
You then get those websites ranked in the search engines for specific home-based services that customers are searching for.
Next, you offer your lead generation system to local business owners who are looking for customers and are willing to pay you for their information.
And Then…
BAM!
You’ve just created a Digital Real Estate Investment Empire that is potentially earning you 4-5 figures in PASSIVE INCOME on a monthly basis without spending a single dime on ads.
With conventional digital real estate, you have to compete with thousands, if not millions of others who are selling the SAME product to the SAME customers.
Once the training program is completed you will also have access to a Facebook group much better than the TurboTenant group in our opinion. This group is much more active.
Unlike TurboTenant, where you’re profiting maybe $250 per property, you could be getting 5-10X THAT.
With Local Lead Generation, the competition is virtually nothing and your profit margins are 85-90%.
Now, I could go on and on, but I’m sure you have tons of questions about how to create Digital Real Estate assets and start building YOUR digital empire!
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We will be happy to hear your thoughts
Things We Liked:
- TurboTenant is a free service that is suitable for independent landlords
- A pre-screener questionnaire assists in narrowing down leads to only the best applicants
- Automatic text and email alerts are provided for landlords, leads, and applicants
Things We Didn't Like:
- Tracking of maintenance requests is not included
- Accounting and reporting tools are not included
- Outgoing payments to suppliers and owners are not supported
- Tenants are unable to reply to your messages by SMS; instead, they must utilize a browser and log in to TurboTenant
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