Notably, short-term rentals are categorized as non-residential properties.

Notably, short-term rentals are categorized as non-residential properties.

Here are some of the highlights: quickly set up bank accounts for each property and sub-accounts under those for things like security deposits and CapEx; virtual credit cards tied to each property; quick transfer of funds; ability to send money back and forth to tenants (some platforms are for collection only but won't let you send your refundable deposits back to your tenants); easily categorize every transaction into IRS Schedule E categories for reporting taxes; ability to split transactions; tenant management from vetting to drafting lease agreements to collecting rent.

Baselane's bookkeeping capabilities are great and it's easy to categorize expenses by property.

I think you're right if you categorize them on your taxes as maintenance they will limit you more on a refi. 2.

I am not doing repairs and rehabs myself anymore, but I do oversee the managers, categorize expenses, and pay bills outside of the property manager duties (insurance, property tax, large rehab, etc.)

I like the way you categorize the personas.

I was looking for something that would allow me to take a picture of a receipt and categorize it in the right bucket under the right property.

You'll find that you can categorize expenses to match the Schedule E you'll need when you file your taxes so it makes EOY accounting very easy.

It will auto download and categorize all your bank and credit card transactions, print out reports by category or property, and make tax time a breeze.