Baselane Review & Bonus Offer: $150 Sign Up & 3.35% APY On Banking Balances

Have you ever wondered if managing your rental properties and finances could be less of a headache? The search for a comprehensive solution that simplifies the life of a landlord might just be over. Baselane, with its innovative approach to banking and financial management for landlords, promises to transform how you handle everything in rental property finances from rent collection to expense tracking and financial analysis.

By offering a suite of tools designed to maximize efficiency and profitability, Baselane not only piques the interest of property managers and owners but also provides tangible proof of its effectiveness through streamlined operations and enhanced financial oversight.

The purpose of this Baselane review is to examine how Baselane can revolutionize property management, making it more profitable and less stressful.

In this Baselane review, we give an overview to see if you, as a landlord or real estate investor, can streamline your daily operations.

Recent Updates

• Update 4/24/25: The offer is still available.
• Update 12/28/2024: Tenant Screening is now available on Baselane. APY updated.
• Update 12/5/2024: Baselane is rolling out new features:
  • QuickPay: Faster rent payouts in 2 business days.
  • Rent Reporting: Tenants can report on-time rent payments to credit bureaus.
  • CSV Import: Effortless migration of bookkeeping data into Baselane.
  • Coming Soon: Tenant Screening with advanced tools like income verification, ID validation, and criminal history checks.

In this Baselane review, we give an overview to see if you, as a landlord or real estate investor, can streamline your daily operations.

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Baselane $150 Promotion & 3.35% APY

Baselane has a promotion where you can earn $150 when you collect your first rent via Baselane. Banking balances also earn a great 3.35% APY rate.

How to get your $300 bonus:

• Fund Baselane Banking account. Deposit minimum of $500 within 30 days and maintain that average balance for 60 days.
• Use your Baselane Banking debit card on 5 qualifying transactions within 90 days.
• Collect at least $1,500 of via Baselane’s Rent Collections tool within 90 days.

*Terms and Conditions apply

Baselane Review: Why It Is the All-In-One Platform for Landlords and Real Estate Investors

Watch Baselane’s introductory video to explore how this all-in-one platform revolutionizes the way landlords, real estate investors, and rental property owners supercharge their rental businesses through streamlined financial management, automated online rent payments and collection, and effortless tracking of their financial health.

Baselane Overview

Baselane is a rental property management platform that gives landlords and real estate investors an integrated collection of tools to assist them save time and money while raising the returns on their rental properties.

It was established in 2020 and provides free services like:

• Bookkeeping apps
• Rental collection 
• Free business banking

For your convenience, it also offers paid items that are integrated into the platform, such as loans for landlords and property insurance.

Thousands of landlords in all 50 states are currently served by the company. Baselane is able to provide a wide range of financial solutions because of its partnership with Blue Ridge Bank, N.A.

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TRENDING DEAL:

▶ GET A $500 BONUS FROM CHASE FOR A NEW BUSINESS CHECKING ACCOUNT

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Baselane Pros & Cons

PROS:

• Free checking, rent collection, bookkeeping and analytics
• Loans and insurance tailored to landlords
• Convenient integrations in one platform

CONS:

• May need to ask renters to sign up for a new platform

READ MORE: SEE THESE CASH BACK SHOPPING DEALS AND PROMOTIONS FOR BONUS CASH AND REWARDS

What Does Baselane Offer?

Independent landlords’ banking and financial needs are met by Baselane. While each of its functions can be utilized independently, they are all intended to function as a cohesive financial solution.

Free Business Banking For Landlords

Baselane enables customers to open several banking accounts in order to divide funds and keep track of spending.

The free Baselane business checking account is made just for landlords. It features “virtual accounts” that let you track security deposits, divide income and spending per property, and customize how you handle your money. Landlords can use the Baselane mobile app to deposit checks, use an ATM to deposit cash, or make ACH payments. Additionally, the account contains a debit card that offers up to 5% cash back. Compare with other free business banking options…

Features of Baselane Landlord Banking include:

• Earns a great interest rate (note rate above)
• Fee-free and requires no minimum balance
• Unlimited 1% cash back on all purchases with the Baselane Visa Debit Card.
• Integration with accounting, reporting, analytics, and rent collecting
• Interest rates on all accounts, including security deposits, that are much higher than the national average
• Each property’s operating account is divided into sections for each unit, and there are separate accounts for security deposits.

Online Rent Collection

Baselane offers automated rent collection services with a dedicated Tenant Portal for lease and payment management, enabling your tenants to now pay rent online with a variety of methods.

Renters can effortlessly pay their bills online with Baselane by quickly registering up. Landlords using the platform can receive payments for rent, fees, and security deposits into their bank accounts. From any device, tenants can set up the auto-pay function or make one-time payments.

Benefits of Baselane’s rent collection service include:

• Accept ACH, debit, or credit card payments for timely rent payment from tenants.
• Automate reminders, fees, and payments
• With the press of a button, it is possible to add one-time costs as needed, like security deposits, cleaning fees, pet fees, parking fees, and more, and bills for tenants are automatically generated.
• Give tenants the freedom to use the payment method of their choosing, receive monthly rent directly into your bank account, and conveniently keep track of all your payments.

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Free Accounting Software For Landlords

If you want to test Baselane but aren’t ready to transfer bank accounts, think about starting with their game-changing bookkeeping software. It’s also free. Landlords and real estate investors can connect their bank accounts to track their revenue and expenses by Schedule E category and property.

With its automated bookkeeping and spending classification, Baselane hopes to cut down on the amount of time spent managing funds.

Features for accounting and expense management include:

• Tax season is made less onerous by simple single-click categorization using Schedule E and property tags.
• A straightforward, integrated ledger for all of your real estate transactions
• Integration with Baselane or other external banks and credit cards to manage funds centrally
• Flexibility to manually add, hide, split, or even just leave some notes for each transaction

Rental Reporting & Analytics

Baselane provides in-depth analysis of property valuations and cash flow. Rent ledgers, income statements, and individual unit progress reports are all included with Baselane.

Landlords and real estate investors can considerably increase their productivity by utilizing Baselane’s additional features and advantages. All the dashboards and tools you require to examine your cash flow, keep track of your spending, and comprehend your performance at the property or unit level are provided by Baselane’s reporting.

Features of reporting & analytics include:

• Complete control over cash flow with all of your property-related revenues and costs in one place to provide visibility into month-to-month performance
• Statement of income by unit, property, or portfolio
• Receive automated insights into the performance of your properties, from net cash flow to key real estate indicators like cap rate, return on equity, and cash-on-cash return.
• Simple Schedule E deduction tracking

READ MORE: SEE THE BEST NATIONWIDE SAVINGS ACCOUNTS HERE

Tailored Loans For Landlords

Loans for real estate investments are available on Baselane’s marketplace thanks to a collaboration with private lender Lendency. An investment property can be purchased, refinanced, or renovated with the help of these loans. Rather than using your W-2 income as the basis for lending, they use your real estate holdings.

Tenant Screening Now Available on Baselane

Finding reliable tenants is one of the biggest challenges for landlords, and Baselane has stepped up to simplify the process with its new Tenant Screening solution. This feature offers landlords an efficient and secure way to screen potential tenants, ensuring confidence in their selection while avoiding fraud or costly evictions.

Why Landlords Need Baselane Tenant Screening

Baselane’s tenant screening is one of the most comprehensive solutions on the market, offering advanced reporting features to provide landlords with deeper insights and reliable tenant assessments:

• Income Verification: Verify actual bank transaction data to ensure tenants can afford rent with accurate, up-to-date financial information.
• Eviction History: Access daily updated housing court records to identify any past eviction incidents.
• ID Verification: Validate the applicant’s identity with live selfie photos and official ID verification.
• Criminal Reports: Check national and local databases, encompassing over 1.8 billion records across 2,500+ jurisdictions.
• Credit Reports: Receive a full Equifax credit report, including payment history and balances across all credit accounts.

Flexible Pricing Designed for Landlords

Tenant screening through Baselane is free for landlords. The associated fees are charged directly to the tenant during their rental application process, making this feature both cost-effective and convenient.

Pricing Options:

• Basic Reporting ($24.99): Includes the rental application, ID verification, and credit report.
• Enhanced Add-Ons (À La Carte):
  • Criminal Report: $5
  • Eviction Report: $10
  • Income Verification Report: $5

Ease of Use with Jurisdiction Compliance

Baselane automatically ensures compliance by turning off unavailable enhanced reports for properties in jurisdictions with screening limitations.

How It Works

Using Baselane’s tenant screening is simple:

1. Landlords initiate the screening as part of the rental application process.
2. Tenants complete the required steps, paying the associated fees directly.
3. Results are delivered to landlords quickly, offering peace of mind and confidence in tenant selection.

A Win-Win for Landlords and Tenants

By leveraging Baselane’s tenant screening tools, landlords can find the right tenants faster, avoid common screening pitfalls, and reduce the risk of fraud. Tenants, on the other hand, can benefit from a straightforward application process and the opportunity to demonstrate their reliability.

Other New Features: Enhancing the Baselane Experience

Baselane continues to redefine financial management for landlords with innovative features designed to save time, improve efficiency, and add value for both landlords and tenants. Besides Tenant Screening, here are other new features that are coming in 2025:

QuickPay: Faster Access to Your Rent

Gone are the days of waiting up to five business days for rent payouts. Baselane’s QuickPay feature, now out of beta, allows landlords to receive rent in just 2 business days when using Baselane Banking. This faster access to funds ensures smoother cash flow and less financial stress, making it easier to manage your rental income.

Rent Reporting: Helping Tenants Build Credit

Baselane’s Rent Reporting feature provides tenants with the ability to report their on-time rent payments to major credit bureaus. This not only helps tenants build their credit scores but also incentivizes timely payments, benefiting landlords with more reliable rent collection. It’s a win-win for everyone.

CSV Import: Simplified Bookkeeping Migration

Switching accounting platforms has never been easier. Baselane’s new CSV Import feature allows landlords to effortlessly transfer their financial data from platforms like QuickBooks into Baselane. Whether you’re migrating from another software or manually importing data from an unsupported bank, this tool saves hours of manual work and makes managing your finances a breeze.

Baselane Fees?

The business checking account, rent collection, and analytics functions of Baselane are all free. The platform also offers paid tier plans with more premium features.

You’ll be required to pay interest and fees for any loans you obtain from Baselane’s partner Lendency. Similarly, if you buy insurance through Baselane’s partner Obie, you must pay a premium.

READ MORE: TAKE A LOOK AT THE BEST SMALL BUSINESS CHECKING ACCOUNTS

Who Is Baselane For?

Generally speaking, Baselane has been successful in developing a comprehensive financial solution for landlords.

For seasoned landlords looking for improved financial management tools, Baselane can make sense. If you wish to simplify tax season, Baselane’s free bookkeeping option is great. As you welcome new tenants to your properties, it’s a terrific idea to integrate the business checking and rent collection services.

If you’re preparing to begin investing in real estate, you should think about the whole range of options from Baselane. Researching loans, insurance, and mortgages are some examples of this.

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Is Baselane Secure & Safe?

Baselane protects your money, identity, and personal information with numerous layers of protection. To protect consumers, the company tokenizes (or encrypts) personal data and uses end-to-end encryption. Because the bookkeeping app uses read-only account data, thieves cannot access your money through the Baselane app.

The loans are given through a reputable financial institution, and Baselane’s business checking account is issued by a bank that is FDIC insured.

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How Do You Sign Up?

You’ve read our Baselane review and you’re ready to sign up? Here’s how. You can register for the free bookkeeping software with an email address, a phone number, and a password if you’re interested in using it. Once you’ve signed up, you can use the Plaid service to connect your bank accounts and begin using the bookkeeping software.

Providing personal information is necessary in order to open a business checking account or apply for a loan. Documents and verifications for loans will be needed, such as income tax returns, appraisals of real estate, and confirmation of ownership.

You must give contact information for your tenant and the account information where Baselane will deposit rental income in order to begin receiving rent through Baselane.

How Can You Reach Baselane?

If this Baselane review doesn’t give you all the answers, you can contact Baselane to get more: On its website, Baselane offers live chat, but visitors can also email customer service at support@baselane.com. Callers can reach customer support at 888-586-1618.

The company’s headquarters may be found at 280 Park Avenue, New York City, NY 10017.

READ MORE: SEE THE NATION’S BEST CD ACCOUNT RATES

Baselane Versus Other Services

When it comes to comprehensive financial solutions for independent landlords, Baselane is in a league of its own. It provides free landlord-specific bookkeeping software. Although there are alternatives, such as QuickBooks, Baselane’s software makes more sense for landlords because it has spending categories that correspond to the ones found on the Schedule E that must be filed with the IRS.

Like Apartments.com, Baselane provides analytics and rent collecting. However, Baselane’s reports and insights have a more streamlined, understandable structure.

Any real estate investor can benefit from using the Baselane platform because it is simple to use and reasonably priced. Even seasoned real estate investors might want to think about gradually transferring to the Baselane ecosystem.

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Bottom Line From Our Baselane Review

As a landlord who has been using Baselane for the past 6 months, I can say that it has been a great solution for managing my rental properties.

The platform offers a comprehensive financial solution that includes free checking, rent collection, bookkeeping, and analytics, as well as paid items like loans and insurance tailored to landlords. The virtual accounts feature has been particularly useful in helping me keep track of income and spending per property.

Automated rent collection services have also been very helpful, allowing my tenants to easily pay rent, fees, and security deposits into my bank account. The free bookkeeping software is another great feature, making tax season much easier to manage.

Baselane’s in-depth analysis of property valuations and cash flow has been a great tool for helping me increase productivity and understand my performance at the property or unit level.

One downside is that renters may need to sign up for a new platform to use Baselane’s rent collection services.

Overall, Baselane has been a convenient and efficient solution for managing my rental properties, and I would recommend it to other landlords and real estate investors looking to streamline their daily operations.

Share Your Experience

Your experiences are the heartbeat of our community, and we’re eager to hear your stories. Have you had a chance to use Baselane for your rental property management? Whether it was the financial tracking tools that simplified your bookkeeping, the automated rent collection that saved you time, or even the challenges you faced along the way, we’re all ears. Please do so in the comments section.

By Tony Jay, a seasoned finance blogger and executive editor, who boasts over two decades of experience in the banking sector, with a specialization in online banking and savings strategies. Tony holds a doctoral degree from Tulane University. Edited by John Huynh, who brings more than two decades of experience in finance and investing, including as a senior finance and operations manager at a renowned research institute and degrees in economics and international studies from UC Irvine.

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