A solid landlord software solution can mean the difference between a successful rental property business and an outdated investment hurting your bottom line. And luckily for you, there are plenty of software solutions available to simplify your rental property management process. However, comparing and contrasting the many different options can be overwhelming, making an impactful decision even more challenging.
To help you decide which software solution is best suited for your unique needs, we’ve identified the key differences between TurboTenant and TenantCloud. Keep reading for more.
1) Cost
As a savvy investor, it’s important to proactively budget for all of your business expenses, including your chosen software solution. TenantCloud has three different subscription options, ranging from $15/month to $50/month. If you’re purchasing the software for a larger business, you’ll have to contact TenantCloud for custom pricing. Their most expensive plan comes out to a whopping $600/year or $480/year if you’re paying annually. TenantCloud currently offers no free subscription or trial.
On the other hand, TurboTenant offers just two subscription options, free or Premium. Offering a free subscription makes it easy to peek into the software before making any financial commitment. Under the free subscription, TurboTenant landlords can market their property, manage leads, track expenses, and use other property management solutions.
TurboTenant’s Premium subscription, which comes out to just $149/year for an unlimited amount of units, offers all the essential property management features you’ll need, including:
- The ability to connect an unlimited number of bank accounts
- Expedited rent payouts
- Automatic income insights for potential tenants
- Unlimited state-specific lease agreements
- Lease addendums
- E-signature capabilities
- The Ultimate Landlord Forms Pack
No matter what software solution you choose, make sure you choose one that supports your bottom line rather than hurting it.
2) Comprehensive Rental Marketing
One of the most effective ways to remain cash flow positive is by leveraging rental property marketing. There are many contributing factors to a successful marketing strategy, and an attractive listing and marketing syndication are two of the most important.
Taking the time to write a perfect listing description and title to attract qualified tenants to your rental is important, but can be a daunting task. That’s why TurboTenant developed an AI Property Description feature that crafts a unique, personalized listing for you in less than five seconds. While saving you time and stress, TurboTenant’s AI feature also prevents potential Fair Housing Act violations with built in parameters that ensure your listing is in compliance with all state and federal guidelines. TenantCloud currently has no feature to assist in writing your rental property listing.
To successfully get your perfectly-crafted listing in front of qualified tenants, it’s essential to be able to syndicate your listing to the most popular listing platforms. Currently, TurboTenant has dozens of syndication partners, including Apartments.com, Apartment List, Redfin, Realtor.com, and more. TenantCloud also offers marketing syndication, with partners such as Rentler and Apartments.com, however, they don’t provide information on their full syndication list or total number of partners.
Streamlining your rental property marketing is a must have for a good landlord software solution. The more syndication partners, the better – and it’s always a plus to have a feature that saves you even more time while creating your listing.
3) Landlord Education and Community
No matter where you’re at in your journey as an investor, there’s always room to keep learning. A great bonus for robust landlord software solutions is access to helpful landlord education and a network of other landlords with whom to discuss the ups and downs of property management.
TurboTenant offers monthly live webinars, software demos, a Youtube channel with digestible landlord education, an informative blog, landlord-tenant laws by state, and an Academy with helpful courses to boost your bottom line. Plus, TurboTenant’s popular Facebook group, Better Landlords, has an active network of landlords ready to answer your pressing questions and to welcome you to the community.
TenantCloud offers educational webinars a few times a year, a blog, a podcast, and ebooks for purchase. As far as landlord communities go, TenantCloud does have a Facebook group, however it appears to be inactive, with less than 4 posts in the last month.
Although access to educational resources and a landlord community might be the last consideration when taking the step towards streamlining your rental business, it can offer huge benefits as you continue to grow your rental business.
Conclusion
If you want a true all-in-one, affordable property management solution made by landlords, for landlords, choose TurboTenant instead of TenantCloud.
TurboTenant’s pricing structure allows you to boost your bottom line instead of hurting it. The platform goes above and beyond with their transparent list of marketing syndication partners and bonus features to make administrative tasks like writing a property listing easier. On top of all the basic features needed to manage your rental property, TurboTenant’s dedication to landlord education and community is a unique advantage to ensure that your pressing property management questions never go unanswered.
