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 4.19% APY (60x the national average) on all deposits (including security deposits!)
See here, for more details on the APY and how it is calculated
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!
Waived $2 convenience fee for processing ACH payments via Baselane's Rent Collection tool
Baselane Banking Webinar
We'd love for you to attend our live onboarding webinar. We will provide a product overview + deep dive on ALL Key Features.
Hope to see you there!