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.