Advertising disclosure: SoloMoneyStack may earn a commission if you open an account through links on this page, at no extra cost to you. We research and evaluate each provider independently. This page is for education only and is not financial advice. Baselane is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC.
This Baselane review is for real estate investors and landlords who want their rental money organized without extra software. If you own even one rental property, you already know the money side can get messy fast. Rent comes in from one place, repairs go out from another, and at tax time you are digging through statements trying to remember which expense belonged to which property. Baselane was built to fix exactly that. It is a financial and banking platform made for landlords and real estate investors, and it combines banking, rent collection, and bookkeeping in one free account.
You are in good company. According to the U.S. Census Bureau’s Rental Housing Finance Survey, individual investors own about 60% of single-family rental properties in the U.S., and another fifth are held in LLCs and similar entities. For more numbers like these, see our solo and small business finance statistics.
For this Baselane review, we researched Baselane’s features, pricing, and published terms to put together a quick overview of what you get and how it works.
In this Baselane review
Baselane review: the platform at a glance
- Cost: $0 per month on the Core plan, with no minimum balance
- Accounts: unlimited checking and savings accounts, organized by property or entity
- Rent collection: online rent payments with automatic reminders and late fees
- Bookkeeping: income and expense tracking by property, plus Schedule E reports
- Works for: individuals, sole proprietors, LLCs, partnerships, and corporations
A separate account for every property
Baselane’s standout feature is simple but powerful: you can open unlimited checking and savings accounts and assign each one to a property or entity. Rent for your duplex lands in the duplex account. The roof repair on your single-family rental comes out of that property’s account. Your money stays organized without spreadsheets, and you can see exactly how each property is performing at a glance.
The Core plan has no monthly maintenance fees and no minimum balance requirements. Your balances can earn interest at variable, tiered rates, with a bonus rate for landlords who collect rent through Baselane. Current rates are published on Baselane’s site. Deposits are held through Thread Bank, Member FDIC, with expanded coverage available through a deposit sweep program, subject to FDIC conditions.
Rent collection on autopilot
Baselane lets tenants pay online by ACH, debit card, or credit card through a secure tenant portal. You can automate rent invoices, reminders, and late fees, and tenants can set up recurring payments so rent arrives on time without you chasing anyone. Multi-unit and multi-property landlords can set separate rent schedules for each unit, and the tenant ledger and rent roll show who has paid at a glance.
Baselane also supports split rent payments, so tenants can pay in installments while you receive the full amount, and on-time payments can be reported to credit bureaus, which gives tenants another reason to pay promptly.
Bookkeeping that is ready for tax time
Because every transaction already lives in the right property’s account, the bookkeeping mostly takes care of itself. The free Core plan tracks income and expenses by property and entity, keeps a consolidated transaction ledger, and produces real-time reports like net operating income and rent roll. When tax season arrives, Baselane generates Schedule E reports and an accountant-ready tax package, so you hand your preparer clean records instead of a shoebox of receipts.
Want more automation? Baselane Smart
For landlords who want to save even more time, the optional Smart plan costs $20 per month on an annual plan. It adds an AI auto-tag assistant that categorizes transactions for you, advanced tagging rules, automatic receipt matching and storage, custom categories, balance sheet reports, two-day rent deposits, and shared access for partners or property managers. Most landlords can start on Core and upgrade later if they want the extra automation.
Good to know
Baselane is designed around rental property, so its tools shine brightest for landlords and real estate investors. Everything runs online and in the Baselane mobile app for iOS and Android. Some transactions, like outgoing wires and mailed checks, carry standard fees that Baselane shows you before you confirm, and fees for each tenant payment method are listed on Baselane’s rent collection page.
How to get started
Opening an account takes a few minutes online, with no branch visit. Baselane supports individual owners and sole proprietors as well as LLCs, partnerships, and corporations, so you can start today and add entities as your portfolio grows.
The bottom line
If you own rental property, Baselane brings your banking, rent collection, and bookkeeping together in one place, and the core features cost nothing. It is one of the most complete free options available to real estate investors, whether you have one rental or a growing portfolio. Want to see how it compares with other platforms? Read our guide to the best business banking platforms for solopreneurs and small business.
Baselane is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC.
We may earn a commission if you open a Baselane account through our link, at no extra cost to you.
SoloMoneyStack is educational and informational only and does not provide financial, tax, or legal advice. Features, fees, and rates change; verify current details directly with Baselane before opening an account.