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TurnKey Vacation Rentals
Full-service vacation rental manager that helps homeowners to manage and rent out their space
About TurnKey Vacation Rentals
TurnKey Vacation Rentals, founded in 2012 by T.J. Clark and John Banczak, is a full-service short-term rental property management company based in Austin, Texas. The company operates in the vacation rental market, managing over 5,000 homes across 80 U.S. destinations. TurnKey's core service is to provide homeowners with a comprehensive management solution that includes marketing, booking, guest services, and maintenance, all while leveraging their proprietary technology platform, GuestWorks. This platform ensures a consistent, high-end experience for guests, akin to that of a fine hotel, while also optimizing revenue for homeowners.
Read full description
TurnKey primarily serves vacation rental homeowners who seek to maximize their rental income without the hassle of day-to-day management. The company also caters to travelers looking for reliable and high-quality vacation rental experiences. TurnKey's business model is based on charging a management fee, which is a percentage of the rental income generated from the properties they manage. This fee structure aligns the company's incentives with those of the homeowners, as both parties benefit from higher occupancy rates and rental income.
TurnKey differentiates itself through its use of technology to streamline operations and enhance the guest experience. The GuestWorks platform automates many aspects of property management, from dynamic pricing to guest communications, thereby reducing operational costs and improving efficiency. Additionally, TurnKey's local teams ensure that properties are well-maintained and guests receive prompt, personalized service.
At a glance
- Status
- Acquired
- Founded
- 2012
- Headquarters
- Austin, United States
- Employees
- 243
- Open positions
- None listed
- Dealroom signal
- 0.0/100
- Industry
- Travel
- Sub-industry
- Booking & Search
- Sector
- eCommerce & Marketplaces, Property Management, Leisure, Travel, Tourism, Outside Tech, Vacation
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
Latest news
Press, funding announcements and product moves mentioning TurnKey Vacation Rentals.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Mar 2021 | $0 | — | Vacasa | — |
| SERIES EOther financing | Jul 2019 | $48M | $192M | Adams Street Partners · Harmony Partners · Greenspring Associates · Altos Ventures | — |
Growth signals
Latest recorded traffic for TurnKey Vacation Rentals is 7.5K monthly website visits, down 17.6% over the last three months. TurnKey Vacation Rentals's team declined 9.3% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed12 investors entered at this stage
Silverton Partners
Carl Shepherd
Rob Greyber
Greg Slyngstad
Joey Levin
Alexis de Belloy
Rich Barton
Barney Harford
Karl Peterson
Russ Sach
Eric Goldreyer
Gregg Brockway
Series A1 investor entered at this stage
Series B and later3 investors entered at this stage
Adams Street Partners
Harmony Partners
Greenspring Associates
Other known investors2 additional known investors
Spencer Rascoff
Vacasa
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about TurnKey Vacation Rentals on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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