LLR Partners Completes Strategic Growth Investment in TurboTenant

FORT COLLINS, Colo., Oct. 10, 2024 (GLOBE NEWSWIRE) -- LLR Partners today announced a strategic growth investment in TurboTenant, a leading property management solution for landlords. The capital will be used to help support the growth of the business organically and through acquisitions as it continues to redefine the landlord experience by simplifying the entire lifecycle of property management under one solution.

More than 700,000 independent landlords across the U.S. use TurboTenant's all-in-one online property management platform for critical processes including finding and screening tenants, rent payments, and lease agreements. The company's freemium model allows TurboTenant to onboard hundreds of landlords per day and scale up with them through additional subscription services.

"TurboTenant is a well-known brand with highly satisfied customers in a fast-growing, yet still largely underserved, software market," said Cheng Li, Principal at LLR Partners. "Independent ...