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The benefits of a robust Property Management software can mean an efficient, successful, and sustainable business for real estate investors. However, with so many landlord software solutions on the market, it can be difficult to know exactly which one will provide the best return on your investment.
Follow along as we dive into the three main differences between Turbotenant and DoorLoop to help you decide which Property management platform is a perfect fit for your business.
1) Cost
Pricing is a huge factor when you’re budgeting out your rental property administrative expenses. Whether you have one investment property or a large portfolio, you can’t afford to have your landlord software solution taking a big cut of your monthly earnings.
TurboTenant offers a free subscription that includes advertising vacant units, managing leads, tracking your expenses, and other important property management tools. DoorLoop has no free option on their platform, making it difficult to peek into the product before fully committing to a paid subscription.
TurboTenant’s Premium subscription offers all the essential and bonus 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
DoorLoop’s pricing ranges from $49-$189/month, with a maximum of 160 units for their cheapest subscription option. The most expensive option available will come out to a whopping $1788 for just one unit. No matter the size of your business, DoorLoop will definitely negatively impact your bottom line.
2) Comprehensive Rental Marketing
It’s hard to remain cash flow positive without effective rental property marketing. If you’re looking for a way to efficiently and successfully market your rental property to qualified leads, it’s essential to have your landlord software offer marketing syndication.
TurboTenant has over 50 syndication partners, while DoorLoop has six. In addition, TurboTenant landlords can market an unlimited number of doors completely free, while DoorLoop charges you a hefty fee per unit. More platforms equals more leads, so it’s always better to push your listing to as many sites as possible.
Not only does TurboTenant push your listing to dozens of top marketing platforms, but with their new and innovative artificial intelligence property listing feature, they will even curate a listing for you. All landlords have to do is enter minimal information about their rental, and in just under five seconds TurboTenant’s AI bot will produce a unique and eye-catching listing for you. TurboTenant landlords can count on their listings remaining professional, in compliance with the Fair Housing Act, and can also save time in the marketing process.
3) Promotion of a Positive Tenant-Landlord Relationship
Experienced investors know the value of a positive tenant-landlord relationship, especially when great tenants are respectful, pay rent on time, and want to renew their lease. This is why it’s important to have the necessary tools to easily maintain and manage a positive and mutually-beneficial relationship with your tenants.
TurboTenant takes tenant-landlord relationships seriously, and has carefully developed their software to include automatic tenant engagement features. For example, after each rent payment, TurboTenant renters are prompted with a check-in to let their landlord know how things are going, have an option to submit a maintenance request, and can bring up any relevant concerns they currently have. With an automatic check-in, you don’t have to worry about any miscommunication and can remain proactive.
TurboTenant also sends a weekly newsletter with advice and resources for investors to be the best landlords possible, as well as an exclusive landlord Facebook group with over 1,200 members dishing out their secrets to success and navigating tenant relations. DoorLoop does not have tenant check-ins, a weekly newsletter, or a landlord community. Make sure your software solution of choice takes into account the most important relationship in real estate investment.
Conclusion
For a true all-in-one property management solution for landlords, by landlords, choose TurboTenant instead of DoorLoop. As a TurboTenant landlord, you won’t have to worry about negatively impacting your return on investment with high subscription fees, and you’ll also be able to market your property to a wide variety of digital platforms. Plus, TurboTenant will help you navigate and nourish your tenant relationships with ease.
Compare Rental Property Management Solutions
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This post first appeared on TurboTenant Blog - Resources For Landlords, please read the originial post: here
