TurboTenant tops 1 million landlords as property management shifts online

TurboTenant says more than 1 million landlords now use its free property management platform, underscoring how software tools are reaching smaller rental owners, not just large portfolios. The Fort Collins, Colorado company is pitching digital leasing, screening and rent collection as a cheaper alternative to property managers who can take 8% to 10% of rental income.

Why it matters: - TurboTenant’s 1 million-landlord milestone suggests all-in-one property management software is becoming a default option for independent rental owners. - The shift could help landlords avoid paying property management fees that can take 8% to 10% of earnings. - The platform’s scale shows smaller owners are adopting software once associated more with larger real estate portfolios.

What happened: - TurboTenant said its free property management software is used by more than 1 million landlords. - The Fort Collins, Colorado company said the platform helps landlords advertise rentals, screen tenants, collect rent online and manage leases. - CEO Seamus Nally said rental ownership should not require landlords to give up 10% of earnings to property management fees. - Nally said TurboTenant is helping democratize property ownership and improve margins for everyday investors.

The details: - TurboTenant said the platform generates about 28 leads on average per rental listing. - TurboTenant said 66% of tenants use the platform to pay rent by debit card, credit card or ACH. - TurboTenant said 90% of users recommend the platform to other landlords. - The company described its model as digital, comprehensive and mostly free.

Between the lines: - TurboTenant is positioning software as a replacement for traditional property management firms, not just a convenience tool. - The messaging reflects a broader move in housing toward self-service, platform-based operations. - The company is also framing lower fees and higher margins as the main reason landlords should adopt the software.

What’s next: - TurboTenant says property management activities should continue moving into software platforms. - The company is betting that free or low-cost digital tools will keep attracting independent landlords. - The contact listed for more information is Beau Thoutt at TurboTenant, +1 (303) 529-8875.