Organaizing finances- baselane vs Rentastic vs avail vs rentredi?

[Heidi Kenefick]

I’m at the stage where I need to get my finances more organized. Previously I had one property and one bank account but now I have three- one just finished a rehab and the third the rehab is underway.

Two use a PM but the third is rent by the room an a PM won’t take it.

So- now I need to organize my expenses and have looked at avail, rentredi, apartments.com, Rentastic and baselane. Does anyone have any experience with any of these platforms? It seems some do more bookkeeping/banking, and some are better for leases etc. Rentredi seems to do it all but the reviews for it say there are a lot of bugs and a lot of hidden fees.

Would appreciate honest feedback for the best way to get and stay organized!

Thanks,

Heidi

[Rodrigo Campos]

Hi, @Heidi Kenefick. I'm a big fan of Avail.co. I've been using them for a few years now. From one platform, I can market my units, manage leases, collect payments, and manage property maintenance. It's great for managing at the property/unit level, but unfortunately, falls short on managing finances big picture once you add more property. For a while now, I had layered in Stessa.com for finances: expense management, tax prep, reporting, etc. The one gap I've found from using these two platforms is banking accounts--managing security deposits, transactions/expenses per units, etc. 

In searching for a new solution, I came across baselane.com and it seems to solve for most of the functionalities offered by Stessa+Avail.co. Plus the banking feature which I think is SUPER helpful. Going to give it a try myself.

Hope this helps and best of luck!