# TurboTenant

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/turbotenant

- Industry: Internet
- Headquarters: Fort Collins, US
- Website: www.turbotenant.com
- Total disclosed funding: $6.5M
- Latest round: Series A (Jul 3, 2019)
- Investors on record: 3

## About

TurboTenant, Inc., based in the US, provides innovative property management software for landlords and property managers, streamlining the rental process from marketing to tenant applications and rent collection.Founded in 2015 and headquartered in Fort Collins, US, TurboTenant, Inc. specializes in property management solutions for independent landlords and property managers. The company has successfully completed 5 deals, with its latest being a Series A round of funding amounting to USD 6.50 mn on October 10, 2024, led by Real Estate Technology Ventures, along with participation from Access Venture Partners. Sarnen Steinbarth is the Founder, and Seamus Nally serves as the CEO.TurboTenant specializes in providing comprehensive property management software tailored for landlords and property managers. The company's core offerings include a suite of tools designed to streamline the entire rental process, from marketing properties to managing tenant applications and facilitating rent collection. Their platform empowers landlords—ranging from individuals managing one or two properties to larger-scale investors with extensive portfolios—to easily create listings, screen tenants, and automate rent payments, all while ensuring legal compliance through features like the AI-powered Lease Agreement Audit tool. TurboTenant primarily serves the U.S. market, catering to independent landlords and property managers looking for efficient, cost-effective solutions to enhance their property management experience.TurboTenant operates a unique revenue model that leverages fees collected from tenants during the application process. The company facilitates transactions by charging a screening fee, which is paid by prospective tenants when they apply for rental properties advertised through the platform. Landlords using TurboTenant enjoy free access to the software’s core functionalities, while the company generates income from ancillary services, including rent payment processing. The pricing structure allows landlords to utilize essential features without upfront costs, thus promoting wider adoption of the platform. TurboTenant also offers a Premium Plan that provides additional benefits, such as waived ACH fees for rent collection, further enhancing its value proposition to landlords in managing their rental properties efficiently.In October 2024, TurboTenant, Inc. raised an undisclosed amount in growth funding from new investor LLR Partners. The company will use this funding to support the growth of its business. Future plans include the development of new products designed to enhance user experience and functionality. While specific new products and their release timelines have not been disclosed, TurboTenant aims to expand its offerings and possibly enter new geographic markets to better serve landlords and property managers.

## Funding rounds

- Series A, Jul 3, 2019, $6.5M — Access Venture Partners, RET Ventures
- Seed, Jun 1, 2016 — Crescendo Capital Partners

## Investors

- Crescendo Capital Partners — Seed
- Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Series A
- RET Ventures (https://capitalatlas.ai/funds/ret-ventures) — Series A