In short, yes! In this blog post, we share the answer to one of the most common questions we receive from landlords.
Azibo is a unified property management platform for real estate investors. It is the simplest way to manage rental properties and their finances, with solutions for rent collection, tenant applications and screening, accounting, insurance, and more — while also providing an excellent tenant experience embedded into one convenient place.
This enables landlords to manage their entire rental business in one platform, with one login — and get access to Azibo’s core features for free.
Here is a breakdown of Azibo’s free and paid offerings:
Azibo’s core products are free for landlords:
*Azibo tenant screening services are free for landlords, but prospective renters undergoing a background check through Azibo pay a one-time fee of $39.99 per application.
*Tenants who choose to pay rent via debit or credit card through Azibo are charged a 2.99% transaction fee.
We also offer additional services that landlords can choose to purchase (or not):
Our platform helps landlords provide value to their tenants through flexible payment methods, competitive insurance policies, and rent reporting.
We understand that every real estate investor’s journey is different, so we want to offer a flexible solution that works for your unique needs.
With that in mind, we have a “no commitment, no contracts” policy. That means landlords don’t have to sign any contracts or make any commitments to use Azibo. We encourage landlords to sign up and try it out to see if it’s the right fit for your rental business.
One of the most common questions we get from landlords is, “How can Azibo offer all of this for free? It sounds too good to be true!”
Our mission at Azibo is to level the playing field for independent landlords who are up against institutional investors with access to more resources. That’s why we provide free financial tools to help landlords save time, stay organized, and grow their business.
So rather than charging fees like traditional banks and software companies, Azibo makes money in other ways in order to provide our platform and tools at no cost to landlords.
Here are the primary ways that Azibo makes money:
Like most banks, we earn interest on cash deposits in Azibo bank accounts. However, unlike traditional banks, landlords can earn 3.75X the national average interest rate on their cash with an Azibo bank account. Our accounts also have zero monthly or hidden fees and no minimum balance requirements.
Azibo provides flexible online payment options for landlords to pay bills and tenants to pay rent. You can make payments through Azibo for free using an ACH bank transfer. Or, if you or your renter wants to pay using a credit or debit card, Azibo charges a 2.99% transaction fee.
As stated above, Azibo offers additional features beyond our core products for landlords and renters. These optional features include: Lease agreements and eSigning, Insurance (for landlords and renters), Credit Boost rent reporting (for tenants), and tenant screening (paid by the tenant applicant).
We make a commission if you use Azibo to buy products from our insurance partners, or other companies we’ve teamed up with through the Azibo Marketplace — which offers exclusive offers for real estate services like loans, maintenance, legal services, and more.
At Azibo, we believe in more than just cost-effectiveness. We want to create a level playing field where independent landlords aren't overshadowed by big institutional investors. By providing our core services for free, we're giving landlords the tools they need to effectively manage and grow their rental business.
This vision is at the heart of everything we do and is the driving force behind our innovation.
It's not just about getting something for free — it's about moving your real estate investment forward with the support of a partner who's committed to your success.
If this all sounds good to you, we’d love for you to join the Azibo community. Sign up today and enjoy Azibo’s core products for free.