Traditional Denver property managers typically charge 8-10% of monthly rent plus placement and maintenance markups. However, TurboTenant is now suggesting that they’re paying too much. Given that Denver’s monthly average rent is now $1,889 in 2026, landlords are becoming increasingly dissatisfied with percentage-based fees. TurboTenant is suggesting that property owners are looking at their operating costs and considering whether it’s really worth paying a conventional Denver property management company to do all the administration for them.
Comparing the real cost of conventional property management to TurboTenant’s flat-fee model reveals the true scale of the markup many landlords are paying, as shown by the following table:
The differences between these two financial models can be illustrated by applying them to Denver’s current market data.
Under a standard 10% management fee based on Denver’s average monthly rent of $1,889, a landlord would pay $188.90 per month, totaling $2,266.80 annually. Including a one-time tenant placement fee equal to 50% of one month’s rent ($944.50), the estimated annual base cost for a property owner reaches $3,211.30.
In contrast, the flat-fee model utilized by TurboTenant for its Pro plan costs $199 per year, with no additional tenant placement fees. This brings the annual base cost to $199.
Based on these figures, the transition from a percentage-based system to a flat-fee structure represents a difference of approximately $3,000 per year for a single rental unit. To date, TurboTenant has grown its operations to include the management of over 4,000 units, the coordination of 180,000 on-demand showings, and the placement of more than 10,000 tenants.
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