There are two property management concepts ... 

1.) You own the property and gain royalties (rent) for letting other stay there (Sch E)

2.) You manage a property that someone else owns and receive % of rent (business income)  (Sch C)

Note: both of these activities have the same income / expense options to get to activity profit / loss.

Sounds like you have a property management business that should be on Sch C, thus you do not need a property address.

We rented out a prob owned by my parents as an airbnb.

How did the parents who own the property benefit from this?  Or did they? Basically, it matters as to why you were renting out property that you do not own.  This will help determine where you will report this on your tax return.

The question was about how the non-owner reports their business transactions in TurboTax ... not the parents business transactions ... although you make a good point that being a property management company, you are paid for services and cannot offset those profits with property depreciation if the property management company does not own the property.