How TurboTenant Can Help You Make More Money from Your Rentals

Managing rental properties isn’t always a walk in the park. Between keeping up with tenant communication and ensuring your rentals are cash flow positive, there’s a lot on your plate. That’s where TurboTenant steps in. This easy-to-use platform is designed to take the stress out of self-managing your rentals so you can keep 100% of your rental profits and spend less time dealing with daily administrative tasks.

We had a chat with Harrison Stevens, VP of Marketing at TurboTenant and landlord of 10+ years, to chat about the big questions like: 
 

• How can landlords automate their rental management? 
• How does TurboTenant save you time and money? 
• How do you find quality tenants? 
• How do you ensure on-time rent every month? 
• How does the platform help you set the right rental price? 

In this guide, we’ll get into those answers and give you some simple, practical tips on how TurboTenant can make your rental business easier and more profitable.

An empty rental can really hurt your wallet, cutting your annual income by up to 8.4%. That’s why the number one way to ensure steady cash flow is to fill vacancies quickly. TurboTenant syndicates landlord's rental property listings to dozens of popular sites like Craigslist, Redfin, Apartments.com, and more. On average, landlords using TurboTenant receive 28 leads per listing and can fill their rental in less than 20 days. 

Struggling to write a title and description that encompasses your unique rental? Use TurboTenant’s AI tool to generate a standout listing in under five seconds. The better and more professional your listing, the easier it’ll be to fill your property fast.

Once you have leads knocking down your door, with TurboTenant, you can easily gather credit, eviction, background, and criminal reports. All you need to do is send a link to the potential tenant via text or email.

As Harrison Stevens puts it, "TurboTenant applications ensure you get all the information you need right off the bat. Industry-standard questions; Full background, credit, and eviction checks are performed to streamline the process."

Here’s what that streamlined screening and marketing process gives you:

• Faster tenant placement: Less time screening and marketing means you can fill vacancies quicker.
• Better quality tenants: Thorough checks and popular sites help you pick reliable tenants, so you avoid future problems.
• More efficiency: Automating the screening and marketing process saves you time, so you can focus on other important tasks.

Drafting a solid lease agreement can be expensive and time-consuming, especially if you need something that’s specific to your state’s laws. TurboTenant has you covered with state-specific lease agreements, which are crafted and regularly updated by legal experts. You can customize a lease in under 15 minutes and send it off for e-signature - from anywhere. 

Need to make changes later? No problem – adding addendums is quick and easy. Plus, your lease is stored in your and your tenant’s TurboTenant account forever, making it easily available to reference in the case of legal issues.

Great communication is key to keeping awesome tenants happy and retaining them in your rental. TurboTenant offers features that streamline the communication process and nourish the tenant relationship. The platform automates tasks like maintenance tracking and rent collection, making life easier for both you and your tenant.

For every rent payment, TurboTenant automates tenant check-ins, so you can identify problems before they become bigger issues. Rent payments can be easily completed automatically through credit card or bank transfer, and tenants can even report their rent through TurboTenant to build their credit. As one user on Software Advice said, TurboTenant is a “great portal, very easy to use, especially for applications and payments.”

Better communication leads to: 

• Quick resolution: Addressing tenant concerns quickly keeps them happy and makes your life easier. 
• Higher retention rates: Happy tenants are more likely to renew their leases, ensuring steady income. 

Collecting rent on time is a dream for most landlords, and TurboTenant makes that happen with rent collection automation. Tenants can set up autopay and you can set up custom late fees and automatic reminders - that way you don’t have to waste time chasing down tenants for payments.

TurboTenant also stores all payment records in your account, which comes in handy if there’s ever a dispute. Plus, you can easily send rent receipts  – a legal requirement in 18 states.

And don’t worry about extra costs—TurboTenant’s rent collection service is completely free for landlords. TurboTenant also offers bookkeeping to help you track cash flow, monitor ROI, and get ready for tax season. Say goodbye to spending hours on spreadsheets and let TurboTenant handle the heavy lifting.

Pricing your rental right is key to attracting tenants and maximizing your income. Using data from across the country, TurboTenant’s free rent estimate tool suggests target rent that keeps your rental competitive while ensuring you’re charging enough to maintain steady profits. As Stevens mentions, "We provide rent estimate calculators to help you price your property right.” 

Besides the rent estimate tool, TurboTenant has a library of tools and calculators that make your life easier as a landlord, helping you calculate potential cash flow, evaluate the compliance of an existing lease, or calculating your financial freedom number.

TurboTenant is the go-to tool for landlords who want to simplify rental management and boost their profits. From fast tenant screening and affordable pricing to better communication and easy rent collection, TurboTenant covers all the bases. These features save you time and help you build better relationships with your tenants, making your rental business more profitable and less stressful.

With TurboTenant’s advanced AI tools and data analysis, you can make smart decisions that reduce vacancies and keep your tenants happy. If you’re looking for a way to take your rental business to the next level, TurboTenant might just be the best free landlord solution you’ve been searching for.