Landlord Insights: Managing Properties in Multiple States
“With Baselane, I can see when rent payments are coming in, who hasn’t paid, and pay vendors. Having that categorized and showing up on my screen in real-time has helped me as a landlord.”
Nick Maniscalco
Real Estate Investor, New York and New Jersey, Single-Family and Multifamily Properties
Years investing in real estate
Number of properties
Number of units
The problem
Manual processes and paper slowing down a scaling rental portfolio
Nick Maniscalco and his wife quickly scaled a real estate portfolio from a single property to a mix of multifamily and single-family homes in multiple states. When they added another 14 units, Nick knew managing all of their properties would require more than spreadsheets and manual data entry.
"Our portfolio almost doubled overnight. We quickly learned that we would have to upgrade our systems to manage and keep track of all the information."
The solution
Automated banking and rent collection built for real estate investors
Nick was looking for an easier way to manage all of his accounts and rent payments. “We investigated a lot of different platforms, and what brought us back to Baselane each time was the banking and rent collection.”
Baselane’s virtual accounts and automatic bank syncing help Nick keep track of all his property-related transactions and pay bills in one place. The integrated rent collection tool lets his tenants pay rent by bank transfer or card and automates reminders and late fees to increase on-time payments.
“Even though I have a property manager, I have control over seeing when the rent comes in and can pay bills through ACH. Having all of that information in one location and not switching screens or logging into different bank accounts makes the process a lot faster, smoother, and easier.”
The result
Consolidated ledger of transactions for multiple properties in one place
Baselane’s automated tracking for incoming payments and outgoing expenses means Nick doesn’t have to spend his time chasing tenants for rent or filling in spreadsheets. All of his upcoming and historical transactions are in one simple consolidated ledger and automatically assigned to the correct property.
“With Baselane, I can see when rent payments are coming in, who hasn’t paid, and pay vendors. Having that categorized and showing up on my screen in real-time has helped me as a landlord.”
