Property-management firm TurboTenant acquires TenantCloud

FORT COLLINS  — TurboTenant Inc., a Fort Collins-based property-management software and services company built for independent landlords, announced Tuesday that it has acquired TenantCloud, a 10-year-old company based in Knoxville, Tennessee, bringing together two established platforms to expand the tools and support available to its nationwide community of more than 1 million landlords.

According to a news release, “the combined companies give landlords access to a more robust property-management solution, with flexible software and managed services that simplify day-to-day operations, reduce administrative burden, and support growth.”

Financial terms of the acquisition were not announced.

“TurboTenant and TenantCloud have spent the last decade on a shared mission, empowering independent landlords with a platform that makes renting simpler, smarter, and more successful,” Seamus Nally, CEO of TurboTenant, said in a prepared statement. “By joining forces, we’re accelerating that mission and creating the future of property management.”

The combined platform expands TurboTenant’s ability to serve independent landlords with tools including listings, tenant screening, leasing, rent collection, maintenance coordination, tenant placement and managed services.

“The property-management industry is evolving quickly, and we saw an opportunity to bring together two companies with a shared vision for where it’s headed,” Mark DeHaan, CEO of TenantCloud. “Together, we’re building on that momentum and creating the platform that will help define the next generation of property management.”

The acquisition builds on TurboTenant’s broader growth strategy and continued investment in tools for the independent landlord market. TurboTenant recently acquired REI Hub, rental property accounting software that is used to power TurboTenant’s accounting and bookkeeping services, and Azibo, a financial services and accounting platform for rental properties.

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