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What are the benefits of having a Baselane Banking Account?
What are the benefits of having a Baselane Banking Account?
Landlord Support
Mohanad Alshaka avatar
Written by Mohanad Alshaka
Updated over a week ago

Baselane Banking is built to significantly help streamline the financial management of investment properties. Benefits of Baselane Banking include:

Multiple banking accounts on one platform, with virtual accounts to keep expenses organized and funds separated:

  • Open as many banking accounts as needed for businesses (LLCs, Corp or Partnerships) or individuals (Sole Proprietors) for free.

  • Open free virtual accounts whether you need a separate account for each unit or property, to separate savings for a future remodel, or simply to keep security deposits segregated.

  • Automate bookkeeping by auto-tagging all transactions of an account to a property or unit.

Seamlessly integrated into financial tools for landlords & individual real estate investors:

  • Single-click bookkeeping with smart categorization to Schedule E and property tagging.

  • Automated rent collection; receive rent directly into your Baselane Banking account or an external bank account.

  • All the tools you need to control your cash flow, track your expenses, and understand your property performance.

It’s a free and rewarding banking account:

  • Baselane banking is free, with no hidden fees! No fees on cash withdrawals or transfers. No minimum deposit is needed.

  • High-yields with 4.25% APY (71x the national average) on all deposits (including security deposits!).

  • Earn up to 5% cash back on the first $2,000 of home improvement spend on your Baselane Debit Card per calendar year, and unlimited 1% cash back on all other debit card spend - minus refunds and returns. Virtual cards are also eligible to earn cash back rewards!

If you would like to learn more about how Baselane Banking can help you, schedule a demo here.

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