If you own or manage short-term rental properties, you can use Baselane to organize your banking, automate bookkeeping, and track your property's financial performance.

In this article, we will cover

• Organizing your banking by property
• Automating your bookkeeping
• Viewing property performance
• Paying vendors and managing expenses
• Frequently asked questions

Organize banking by property

Baselane allows you to organize your rental finances by property, making it easier to separate income and expenses across your portfolio.

You can:

• Open dedicated checking accounts for individual properties or business entities.
• Receive payouts into the appropriate account.
• Keep rental income separate from your personal finances.
• Easily track cash flow for each property or entity. 
• Receive payouts from booking platforms directly into your Baselane Banking checking account:
  • Airbnb
  • Vrbo
  • Booking.com

Once your Baselane checking account is added as your payout account, future payouts will be deposited into your dedicated checking account.

Don't have a Baselane checking account? Learn how to open one in How do I open a Baselane Banking checking account?

Automate your bookkeeping

Transactions deposited into your Baselane checking account can be automatically tagged to the property and category with Baselane Smart. 

Smart Subscription includes:

• Auto-tag transactions to properties and 120+ categories 
• Advanced tagging rules based on recipient, amount, or account 
• Auto-receipt matching and storage 
• Auto-transfers for low balances 
• Custom income and expense categories
• Balance sheet reports 
• Cost segregation

This helps reduce manual bookkeeping and gives you a clear picture of each property's performance, whether you own one property or an entire portfolio.

View property performance

Baselane provides property- and entity-level reporting so you can monitor how each rental performs over time.

You can view:

• Income and expenses
• Net cash flow
• Property profitability
• Portfolio performance
• Financial reports for tax season

Pay vendors and manage expenses

With Baselane Banking, you can pay vendors directly from your checking account and securely request their payment details.

You can also:

• Schedule recurring or one-time vendor payments
• Issue virtual debit cards with spending controls for cleaners, contractors, property managers, and other vendors
• Track vendor expenses automatically within your bookkeeping

Frequently Asked Questions

Can I use Baselane if I rent my property on Airbnb or Vrbo?

Yes. You can receive payouts from Airbnb, Vrbo, Booking.com, and Expedia into your Baselane Banking checking account while using Baselane to manage your rental finances.

Can I track each property's performance separately?

Yes. Baselane organizes your income, expenses, cash flow, and reporting at the property level so you can monitor each property's financial performance.

Can I pay vendors from Baselane?

Yes. You can pay vendors directly from your Baselane checking account, schedule recurring payments, securely collect vendor payment information, and issue virtual debit cards with spending controls.

Can I use Baselane if I own both short-term and long-term rentals?

Yes. Many users manage both types of properties in Baselane. Long-term rentals can use Baselane Rent Collection, while short-term rental payouts can be deposited directly into a Baselane checking account.