It makes it easier for renters to find and manage properties. Our app, which offers the same features as our. Soon, you can automate maintenance requests, troubleshooting, and pro visits with Lula's service. I am thankful for the breadth of the many rental property advertising websites utilized, the effortless tracking of the many prospect responses, and the insightful screening questionnaires that keep me from wasting my prospect's (and my) time. TurboTenant, Inc does not provide legal advice. Turbotenant was a crucial part of managing our rental from finding leads, screening and onboarding. You want to ensure you know exactly who you are renting to as you want to be positive they will be a safe and trustworthy individual. 89 % Company Reviews About TurboTenant: TurboTenant is the one-stop shop for independent landlords looking to simplify and grow their rental business. the cost of these items can typically be deducted in one year using “the de minimis safe harbor deduction (for property costing up to $2,000) or 100% bonus depreciation which will. Software Advice, Inc. The answer is in the name: a mid-term lease agreement is a rental agreement between a property owner and tenant that lasts for less than one year but usually more than one month. Fill out a free and secure application, upload your documents, and share your screening report with any TurboTenant landlord. Each unit is furnished with a refrigerator and range. Because the service is free to landlords, the rental applicants pay for the application and background checks. In some cases, the original lease will convert to. This analysis looks at the change in the total number of active listings in each location on a week over week basis beginning the week of March 2nd and ending on Sunday April 5th. The 1% rule is another common calculation. You can use TurboTenant to market your rental units, receive online rental applications, screen tenants, accept rent payments, and track expenses and maintenance requests. TurboTenant's platform is free to access ($0 price), but several tools and services do cost extra. Searching for that perfect place can be challenging if you have a disability, but there are legal rights to be aware of and great resources to make the process easier. Krista is the Senior Content Marketing Writer at TurboTenant where she writes data-driven, actionable articles to help landlords and renters alike. Then click, Add Lease and this will then create a draft lease. On the other hand, Avail’s premium subscription costs $7/unit/mo, or a minimum of $84/yr for one unit. In just a few clicks, you can build one professional listing and send it to dozens of listing sites, including Apartments. TurboTenant’s screening report is a document that outlines the prospective tenant’s credit history, criminal record, and eviction history*. Repair and replace any damaged decks, railings, and steps to keep your outdoor spaces safe. Waiting on your landlord to. com, “late fees on rent tend to fall between 5-10%” of the amount of rent owed on a monthly basis. However, a good rule of thumb is that most landlords look for a credit score of at least 600. Determine the Lease Renewal Period. You Receive the Report: As soon as the potential tenant verifies their identity, you’ll get a notification telling you the screening report is ready to review. I wish they would let landlords ask a few personalized questions during the prescreening process, such as estimated credit score, delinquent/late accounts, and total. This type of rent payment is often straightforward – both you and your tenant will only have to set up the process once. Works great with great customer service. Market your listing, get leads, send applications, screen tenants, create leases, and collect rent all in one property management software. To get started, find a. You landlords aren't affected, but renters and other innocent property owners are. Our first data set is total active listings. TurboTenant is a free online platform that helps landlords and tenants streamline the rental process. Ironton. Turbotenant is an online platform for rental properties. However, the exact numbers vary depending on your specific state’s landlord-tenant law. Other states have more specific rules regarding how. Renters insurance will cover both legal fees and medical bills if a guest gets injured onsite. As a landlord, it’s important to accommodate your senior tenants by providing a senior-friendly rental that’s equipped with the proper modifications to ensure a safe and fall-proof living space. All in one platform for advertising and managing your properties. With a daily rent of $40, the prorated rent for that month would be 15 days * $40. I am using Turbotenant. In this 100% online course, landlords and other real estate investors. Read More » Join the. About the Tenant Portal. Once you find a tenant, move them in with a state-specific lease. TurboTenant is an all-in-one rental property management platform. Register to become an affiliate by filling out this form. Read Article. Read. S. Facebook Marketplace is one of the best places to post your property as it’s easy and fast, plus an efficient place for landlords to market. This type of behavior is a serious problem for a landlord as consistent rent payments are essential for a thriving rental business. Tips for Running a Tenant Credit Check. Lubbock, TX. Rental application – Always have a prospective tenant fill out a rental application. 3 bedrooms. TurboTenant is a free online platform that helps landlords and tenants streamline the rental process. So, landlords and Property Managers know the transactions are safe and efficient. Krista is the Senior Content Marketing Writer at TurboTenant where she writes data-driven, actionable articles to help landlords and renters alike. Cons. Rental Property Investment. * At TurboTenant, we use Plaid, a secure service, to connect to your bank account during the setup process. For decades the. Investing in property has become a very safe and lucrative business for both novice and seasoned investors. Overall, TurboTenant is a great choice for landlords looking for an all-in-one platform to manage their rental properties. Get permission – If the application is accepted, you must get written consent to pull a credit report on a tenant. Online Applications & Tenant Screening. TurboTenant is all-in-one property management software that offers a suite of tools to assist landlords in streamlining your business. Tenantcloud, Avail, apartments. The pre screening device is very…. With tech tools like REsimpli, Fundrise, and. And that stress only amplifies for small business owners, like independent landlords. Whether you’re a landlord or tenant, this guide will provide you with resources for what a good senior. The Bottom Line. This is a $199 value included in the $99 purchase of Premium!One general rule says that maintenance will cost around 1. Posted 6 years ago. Repairs – It is the landlord’s responsibility to keep the rental in safe and healthy living conditions. Removing the Co-Signer Agreement: Within the "Provisions and Attachments" section, click on the edit pencil icon. It helps landlords, tenants, and property managers rent, manage, and list rentals. Krista is the Senior Content Marketing Writer at TurboTenant where she writes data-driven, actionable articles to help landlords and renters alike. With decades of writing and editing experience. While a home warranty plan sounds similar to landlord or homeowners insurance, there are key. 5 times the monthly average rent of the property. Users have access to a tenant database, a rent calculator and rental. Access the same tools and resources that big property managers have to find and manage great tenants. Tenant background checks pull information from government databases and credit bureaus concerning the tenant’s credit score and criminal history. 95 more than TurboTenant. When you’re both the homeowner and landlord, you can save significantly on housing expenses by living in the same place as your tenants while collecting rental income. TurboTenant aims to create a safe and enjoyable experience for both landlords and renters. Landlords must adhere to the Warranty of Habitability which is included in every lease to make sure the property is safe to live in. No need to rearrange your schedule. Here are a few tips to help you smoothly run a tenant credit check. Here’s a breakdown of the 11 best tenant screening services for landlords: 1. Pass-through tax deduction: This deduction isn’t a rental deduction; it’s a special income tax deduction. 1 Bedroom. A private balcony or patio adds living space to smaller apartments, and a fenced-in yard for a rental home provides a safe place for kids to play. . When organizing the photos, it's best. How does TurboTenant help you avoid rental scams? Here are a handful of our anti-fraud processes: Turbotenant relinquishes responsibility and says its up to our landlord to stop sending invoices, even though it is through their platform. For $8. On our comparison page, you can easily assess the features, terms and conditions, available plans, and more details of RentRedi and TurboTenant. We change that by empowering independent landlords at every step of the rental process. That means agreeing by the program’s rules and passing both the initial inspection and annual inspections thereafter to ensure that you’re providing a safe and sanitary space for. TurboTenant now offers secure and online rent payments through bank transfers or credit/debit cards – you can also charge one-time fees for utilities. Make Partial Payments —If you allow it, roommates can easily split rent or you can set up a payment plan with a tenant. After submitting the income questions, your Identity Verification questions will be generated. Single-Family Homes. TurboTenant takes tenant-landlord relationships seriously, and has carefully developed their software to include automatic tenant engagement features. Things to include in your property description are the following: Price – Most renters need and want to know if a rental fits in their budget so being honest and upfront from the marketing stage will encourage more applicants. etc. 6. Planning ahead with a well thought out budget will reduce any unnecessary stress and help you manage your investment more efficiently. Squatters typically target unoccupied property that isn’t closely monitored and break in. The questions are multiple-choice and must be completed before approving the screening request. About Screening Reports. 9. 420 Etna Street 1. TurboTenant is a cloud-based property management. By putting all of TurboTenant’s offerings directly into the hands of landlords, we are truly simplifying the process of managing a rental property. Landlords are required to provide heat during the months of October 31st through May 31st. Oakview - Blackburn. Report the suspected fraud to law enforcement in the community where the rental. Krista is the Senior Content Marketing Writer at TurboTenant where she writes data-driven, actionable articles to help landlords and renters alike. 44 MB and the latest version available is 1. With an increasing amount of back-rent owed throughout the U. The TurboTeam will teach you the tried-and-true strategies experienced landlords use to keep their unit populated with the best tenants, from how to align your process with the Fair Housing. Reviews – TurboTenant. This information is presented to the landlord. Disclose whether any fees are refundable in the lease. To put this in perspective, the median U. Overall: All in one platform for advertising and managing your properties. TurboTenant has made property management MANAGEABLE! From marketing, to communicating, to leasing, to maintaining the property while you have a renter. After you have entered your bank information, there’s a short approval period before you can start accepting payments. Some improvements can be a. In this edition of the TurboTenant report, we will be focusing on the best places to buy an investment property in New Hampshire. From creating professional listings to processing online rental applications to tenant screening, TurboTenant simplifies the lead management and generation processes. Denham Springs, LA. com, Apartments. Powerful yet easy-to-use, TurboTenant will save you time. I would like to receive news, tips and tricks, and other promotional material. These reports include information, provided by the credit bureau, TransUnion, which provides information about the applicant/tenant's credit history, criminal background, and eviction records. Date of experience: January 09, 2023. Ghosts, witches, zombies, and goblins run amok every Halloween, so it’s important to ensure a safe celebration for your tenants, their visitors, and your property. Typically, a tenant will sign a long-term lease agreement and then list that property on various vacation rental platforms such as Airbnb or VRBO. Rental application fee laws vary by state, but they can cost anywhere from $30 – $75 per applicant. Rent 1bd is $1085. The agent then sent me an application on TurboTenant which I filled out. The duration of a standard lease agreement is usually one year, or sometimes less, but is a long-term fixed agreement. TurboTenant Verifies Their Identity: We automatically reach out to the tenant on your behalf to have them answer a few questions to verify their identity. 00 more than TenantAlert's entry-level plan. That’s why pricing transparency is crucial when shopping for property management software. Stessa is a free option that over 100,000 investors already use. Unlike RentRedi and TurboTenant, Baselane emerges as an all-in-one banking and financial platform purpose-built for landlords. Overall rating 4. Pros. A decrease was reported in the late summer of 2020 and was sustained through the winter months and into 2021 as demand continued to decline with per property inquiries reaching their 15-month low in March. Notifying of absences - Section 2. For example, a car loan is secured by the car. You Receive the Report: As soon as the potential tenant verifies their identity, you’ll get a notification telling you the screening report is ready to review. TurboTenant is a tenant background check service free for landlords. 6/10 Reviews by rating 5 46 4 1 3 2 2 1 1 5How does this software stack up? Compare with Similar Software VIEW SCORECARD Comparing TurboTenant ratings with its top alternatives TurboTenant by TurboTenant. Best for free customizable reports and automated reference checks: Avail. TurboTenant is an easy and free software platform for landlords and property managers to manage their rental properties. com Visit this website Write a review : Most. com, Realtor. TurboTenant is trusted by 550,000+ landlords to create welcoming rental experiences and boost their expertise through our weekly newsletter, free educational articles, and webinars. Safe Homes Act – (765 ILCS 750/) Illinois. TurboTenant Academy is the latest educational offering from the TurboTeam. Pagesize. S Department of Housing and Urban Development (HUD). 3. 51 kB. When you automate your rental property accounting with REI Hub and TurboTenant, you’ll be able to generate tailored accounting reports that easily outline your cash flow, income, and asset appreciation. read more. You can also turn that off whenever to force a full payment at one time. Furthermore, TurboTenant ensures renters sign legal forms from their phones or computers. 5 /5 55 Rating criteria Value for money Ease of use Features Customer support Likelihood to recommend 9. For example, if the rent price is $1,000, you would typically expect to spend around $1,500 on maintenance for the year. When you set the gross income-to-rent ratio to three, the outputs. 1. S. Get permission – If the application is accepted, you must get written consent to pull a credit report on a tenant. 95 more than TurboTenant. Tenant abandonment is when a renter has left without notice before the lease has ended. 5-star rating based on more than 160 reviews. Landlords must make repairs within 14 days of being notified by the tenant. Below you can find credit score distribution according to FICO. Date of experience: April 01, 2023. They give money to local public housing authorities and agencies who then determine the area’s median income and see if people are. S. TurboTenant makes it easy for landlords to understand their. TurboTenant has utilized many municipal sources along with official state statutes in order to compile this information to the best of our. Do you have a TurboTenant account? IRS Enrolled Agent (EA) Bachelor’s & Master’s degrees-Accounting & Tax 10 years – Fortune 500 Companies. Colluseect online rental applications and screen tenants (get credit reports & background checks). Reply from TurboTenant. keep the area clean and safe, etc. With a focus on inclusive and engaging communications. It’s also possible to compare their score (8. Services exist today that renters can pay for. On the other hand, Avail’s premium subscription costs $7/unit/mo, or a minimum of $84/yr for one unit. . Include your referral link when you email, post, or share resources with landlords. Joint and several liability still applies to damages that occur. Rent comparison report: $14. If you add your bank account manually, our payment processor will make 1 deposit to your bank account, totaling $0. OracleSatineStar • 1 yr. But they usually have shorter term tenants and lower returns on investment. Next, enter the information related to the expense: the date of expense, the amount paid, the associated property, and the associated category (corresponding to the categories found on an IRS Schedule E form). TurboTenant Reviews anyone? Shaun R. With decades of. 7. 00 more than TenantAlert's entry-level plan. As defined above, tenants have a right to enjoy their spaces peacefully without interruptions from landlords or other tenants. Whether you’re juggling multiple properties as a landlord, or are searching for the perfect apartment as a renter, we have the resources, tips and tricks to make your life easier!What is a Home Warranty for Landlords? A home warranty is a service plan that covers the costs of repairing or replacing major appliances and systems, including HVAC, dishwashers, washers, dryers, refrigerators, and water heaters. TurboTenant is the comprehensive software solution that DIY landlords need to market their rental listings, screen tenants, create lease agreements, and collect rent online. Conclusion. Read More » Join the. TurboTenant landlords can join their private Better Landlords Facebook group , where the floor is open for questions to your peers, other real estate experts’ go-to landlord tips, and even. 99 per report. Small Multi-Family. One simple but effective way is to note down the pros and cons of both. February 24, 2023. For example, a landlord can’t have a bare minimum liability policy and then a more affordable umbrella policy. Don’t waste another minute – purchase it and you. It’s unclear how exactly she delivers on her promises, but she states that you can work the markets without. Revisiting our example, it would be reasonable for a California landlord to charge between $50-$100 as a late fee if their tenant is expected to pay $1,000/month in rent. With decades of writing and editing experience, she’s produced top-quality content across various industries, including real estate, SaaS, and survey design/implementation. ”. February 2021 reported the highest rent of 2021 reported so far. This document keeps all your rental information in one. What Documents do I need when Preparing for an Extension or Move-Out. Most lease agreements will state that addendums are allowed, legally binding, and subject to. “Our founder, Sarnen Steinbarth, was a landlord who had. Simplify how you self-manage your rental business. Turbotenant was a crucial part of managing our rental from finding leads, screening and onboarding. witches, zombies, and goblins run amok every Halloween, so it’s important to ensure a safe celebration for your tenants, their visitors, and your property. TurboTenant. If you pay by credit or debit card, the existing 3. You will then input information related to the expense including the date it was paid, the amount, the associated property, and the associated category (corresponding to the Schedule E Form). Obviously, this was done without my consent, knowledge, or any form of contact. due to the current economic crisis, renters and landlords are both struggling. The amount of money they spend. Tenants will usually apply to multiple rentals and in turn, come prepared with their own credit report in order to save on the fees landlords charge for a credit check. Plaid requires multi-factor authentication. Turbotenant makes it easy. For example, if you bought a $300k rental. Then click, Add Lease and this will then create a draft lease. TurboTenant is the all-in-one, FREE property management tool that streamlines how you manage the rental process. Leads are in the mid 30s, with just 10 days on the market. As you can see, 58% of Americans have a credit score of 700 or above, while 42% have scores below this amount. Our TurboTenant Data includes stats on the average number of leads a rental property receives, the average number of days on the market, as well as security deposit trends. Ordinarily, short-term rentals last for less than one month (and are sometimes referred to as vacation rentals), while long-term rentals are typically year-long leases. Tenant screening fee: $35 to $45. Depending on your income, you may be able to deduct up to 20% of your net rental income or 2. The document can be specific to one property or your entire portfolio if you own multiple properties. Step 4 - Tap Upload. witches, zombies, and goblins run amok every Halloween, so it’s important to ensure a safe celebration for your tenants, their visitors, and your property. Is the site safe for children? Currently we have not enough information to determine whether the site is safe for kids or not. Tenants have. With TurboTenant, you can easily create and share property listings, screen applicants, collect rent payments, and manage your rental accounting. Post your rental to dozens of major property listing websites like Rent. Review of TurboTenant Software: system overview, features, price and cost information. * At TurboTenant, we use Plaid, a secure service, to connect to your bank account during the setup process. If the renter did fill out an application, read more here . Often in these situations, they have left some of their belongings behind and haven’t been paying rent. Unfortunately the screening process is very limited. Identity Verification. Repairs – It is the landlord’s responsibility to keep the rental in safe and healthy living conditions. Landlords cannot legally enforce anything about personal hygiene, but should still encourage sanitization and safe practices to tenants. Rental arbitrage is the practice of renting out a long-term rental on a short-term basis. 4) for all round quality and functionality; TurboTenant (80%) vs. Learn more below about how we’ve included even more small-but-powerful ways to simplify how you self-manage your rental business. FeaturesAs a result, your data will remain safe and sound, even when cybercriminals use state-of-the-art hacking tools. The price is capped at $85/mo (the price of 15 properties). Cons: Software does not support automatic withdrawal for tenant rents. Overall, it’s a reliable tool. You must ensure that such User Content is safe, complies with all applicable laws and the Terms, and does not violate the rights of any third party. It provides a one-stop solution for landlords and property managers. Several units in my complex are using "Turbo Tenant " for advertising and screening. It automatically adds late fee's and informs me of late payments. Remove garbage and waste from the rental. Why Boise State University: Besides a great campus right in the city, Boise State has over 170 academic programs for undergraduates and graduate students – it also has the country’s only degree in raptor biology. You Receive the Report: As soon as the potential tenant verifies their identity, you’ll get a notification telling you the screening report is ready to review. Landlord Resources. Eastside. It’s the second most affordable location on the list with a median home price of $110k. 8) vs. Create an account (or log in to your existing TurboTenant account) and enroll in the landlord courses that interest you most. 0 for RentRedi vs. More Tips From our TurboTenant Landlords on How to Effectively Work Through a Pandemic. 8 out of 5. TurboTenant has amassed hundreds of reviews online with an average rating of 4. You are right that there isn't much commentary on Turbotenant, that's because not many people use Turbotenant. It’s a very lovely job. 49% transaction fee still applies. Over the course of the year, you’ll have missed out. 3 bedrooms. Tenants must keep the unit in safe and habitable condition; A tenant has 30 days to claim abandoned property;. This allows you to enjoy hassle-free rental payments with peace of mind. There are other considerations and things to look for as you begin your senior housing journey. By TurboTenant and 7 others 8 authors 40 articles. The pricing ranges from $9/month for 1-4 units, to $49/month for up to 100 units. By Danni and 8 others 9 authors 38 articles. Read More » Join the 550,000+ independent landlords who rely on. Join the 550,000+ other landlords who use TurboTenant to streamline their rental process. Feeling safe in your place of residence is only part of the story. not my number. ”. Ghosts, witches, zombies, and goblins run amok every Halloween, so it’s important to ensure a safe celebration for your tenants, their visitors, and your property. Price $119,900, down payment required. Best for auto-tenant screening feature and shareable reports: Apartments. As you can see, 58% of Americans have a credit score of 700 or above, while 42% have scores below this amount. Additionally, there are various forms of easy online payment tools such as Venmo, PayPal, and. Appfolio has a 50 unit minimum, making their platform more exclusive and only an option for landlords with a large portfolio. 25/mo for all of the Premium features. TurboTenant also offers tenants optional. Contact law local enforcement. I'm getting closer and closer to owning my first rental property and I'm scrambling to figure out how I'm going to accept applications, collect rents, etc. TurboTenant’s online document management, messaging service, and e-sign capabilities make it easier than ever to manager your properties and tenants alike. When it comes to online. Here is a quick guide on how to offer a lease renewal: 1. How does TurboTenant help you. TurboTenant’s intuitive toolset helps half a million landlords streamline their entire rental process for free – whether they have. Our rental marketing allows you to post across the web with a single click. The TurboTenant team has also recently unleashed a host of new perks to put your rent collection on autopilot, along with tips to help you avoid common rent collection issues (like late payments). Farmington prides itself on being a safe and nurturing community great for families and children with a myriad of sports, parks, and activities for people of all ages. However, there are situations where your applicant might have a low credit score for other reasons:The TurboTenant Rental Trends report includes four key rental market indicators. com. The platform goes above and beyond with their transparent list of marketing syndication. TurboTenant offers a credit check facility, making the tenants screening process easy. TurboTenant’s policy is to review the account when someone reports a fraudulent listing. TurboTenant’s policy is to review the account when someone reports a fraudulent listing. Basic Details – How many bathrooms, rooms, HVAC, washer/dryer, kitchen appliances, and square footage should always. At the same time, TurboTenant is rated at 80%, while Avail is rated 90% for their user satisfaction level. witches, zombies, and goblins run amok every Halloween, so it’s important to ensure a safe celebration for your tenants, their visitors, and your property. *If you are worried about the link being a scam from TurboTenant, then please do your research and verify that TurboTenant is a safe and valid 3rd party site used by property management companies. A study by Age Safe America found that falls account for 25% of hospitalizations and 40% of nursing home admissions for seniors. By following KYC requirements, we can help promote a safe and secure online environment for all of our customers. However, a good. Krista Ruther (Content Writer at TurboTenant): The Section 8 housing program is a government-subsidized housing assistance program. I am thankful for the breadth of the many rental property advertising websites utilized, the effortless tracking of the many prospect responses, and the insightful screening questionnaires that keep me from wasting my prospect's (and my) time. Top security features Americans want: Doorbell camera: 21%. At that point, the document will be sent to you for the final signature. Of those surveyed, we found that just under 50% of Americans wish they had better safety features. With this method, 1% of your rental’s total value will go toward. Although TurboTenant cannot track or guarantee a particular change in score, renters with a lack of credit history or low scores typically see the highest increase in credit score when using Rent Reporting. Download the App. 38 Gaylord St 1. Sadly, a dispute can take up to 30 days and the damage may already be done. It helps landlords manage their own properties and save costs on hiring property managers. We encourage landlords to avoid handling in-person payments, cash, or checks to remain sanitary and safe. The report compares this credit behavior to the applicant’s self-reported income to determine whether additional. TurboTenant for Landlords has an download size of 56. TenantCloud (87%) for user satisfaction rating. Wealthier, more competitive areas will require a higher minimum score, as will new or luxury buildings. S. From there, you can find the course from your dashboard and take it at your own pace. Great tracking of invoices and easy rent collection with the ability to maintain property easily and effectively. witches, zombies, and goblins run amok every Halloween, so it’s important to ensure a safe celebration for your tenants, their visitors, and your property. If you cover the electric bill on your rental. 25% APY, up to 5% cash back, virtual accounts, virtual. I do not collect rent through the platform but it is a great way to keep track of Zelle payments and send invoices/reminders. Tenant may withhold rent in some cases. An Overview of the Landlord Software. Our rental marketing allows you to post across the web with a single click. The minimum credit score needed to rent an apartment varies from location to location. Leverage TurboTenant’s marketing assets, affiliate playbook, and educational resources. A 1099-MISC form can also be a useful way to show proof of income for anyone that earns money from an asset or royalties. TurboTenant not only facilitates credit card payments, it also makes the whole rental process smoother and easier to manage. Krista is the Senior Content Marketing Writer at TurboTenant where she writes data-driven, actionable articles to help landlords and renters alike. The TurboTenant Data includes stats on the average number of leads a rental property received, as well as the average number of days on the market. The tenant logs into their TurboTenant account and fills out a simple form for the maintenance request. Keeping the property free of environmental toxins such as asbestos, lead-based paint, and pests. While this information isn't always required, we can verify your account, protect our users, and. One-click Advertising. With TurboTenant, you can easily create and share property listings, screen applicants, collect rent payments, and manage your rental accounting. TurboTenant is an easy and free software platform for landlords and property managers to manage their rental properties. At TurboTenant, we’re dedicated to protecting both property owners and renters from rental scams – a situation that is never positive for anyone. Response Time. 3. Security Deposit is same as rent. To better illustrate why you should consider house hacking, let’s look at the numbers. Turbotenant is an online property management platform that simplifies the rental process for landlords, tenants,.