TurboTenant, a provider of rental property management software, has acquired REI Hub, a rental property accounting software.
According to the companies, the acquisition will enable independent landlords to access an expanded suite of tools designed to simplify the self-management of rental properties. REI Hub was founded in 2018 and serves over 15,000 landlords, both directly and as an add-on purchase through rental property management platforms including RentRedi and TurboTenant.
The financial terms of the deal were not disclosed. After the acquisition, REI Hub will continue to provide support to RentRedi and other clients.
“Given TurboTenant’s dedication to streamlining every aspect of property management, acquiring REI Hub was a natural next step,” said Seamus Nally, CEO of TurboTenant. “We share a common vision of facilitating seamless property management that allows landlords to maximize their investments while minimizing the complexities of being small business owners.”
“REI Hub is thrilled to join the TurboTenant team,” added Jon Carrier, co-founder of REI Hub. “This acquisition reflects our collective commitment to empowering property owners with comprehensive solutions tailored to their unique needs. We’re excited about what we can achieve together.”
