Truist offers business checking, online banking, bill pay, and connections to accounting software. Those capabilities support general business finances, while landlords and real estate investors may also need banking organized by property and entity, rental income and expense reporting, and tenant payment tracking. This guide covers seven Truist Bank alternatives, including platforms with banking or cash management accounts and rental management software that works with external bank accounts. Baselane leads the list with an integrated approach to property-specific banking, bookkeeping, and rent collection.

Key takeaways

• Property-specific banking organizes rental funds: Baselane lets landlords and real estate investors open unlimited checking and savings accounts organized by property, eligible entity, or purpose, subject to account approval. Baselane Banking has no monthly account maintenance fees or minimum balance requirements.
• Automated bookkeeping connects transactions to rentals: Baselane Smart uses AI to categorize transactions by property and across 120+ real estate-specific categories and subcategories. Configured Smart rules also automate entity-level transaction tagging. Baselane provides property- and entity-level financial reporting and Schedule E reports.
• Savings can earn variable interest: The Annual Percentage Yield (APY) on eligible Baselane Savings balances is variable, with an advertised maximum of [v="apyvalue"] APY². Combined Baselane Checking and Savings balances determine the applicable tier, but only Savings balances earn interest.
• Integrated rent collection connects payments with records: Baselane supports ACH and card rent payments, automated invoices, reminders, tenant ledgers, and property-specific payment destinations. ACH rent payments deposited into Baselane Banking have no rent-processing ACH fee.
• The alternatives serve different financial workflows: Baselane, Stessa, Relay, and Bluevine provide banking or cash management capabilities. Landlord Studio, TurboTenant, and Avail focus on rental management and connect to separately held bank accounts.

Quick comparison of Truist Bank alternatives

‍

‍

1) Baselane

Baselane is a banking and bookkeeping platform for multi-property real estate investors and operators. It brings property-specific checking and savings accounts, transaction organization, financial reporting, and rent collection into one dashboard. Baselane is especially relevant to owners who want banking activity to feed directly into rental bookkeeping, with accounts and reports organized around individual properties and legal entities.

Key capabilities for landlords and real estate investors

• Unlimited property-specific accounts: Baselane allows investors to open checking and savings accounts for approved entities, individual rentals, operating funds, capital expenditure reserves, and other designated purposes. These accounts can be managed in one workspace, with no monthly account maintenance fees or minimum balance requirements. Account opening is subject to eligibility, verification, and banking terms.
• Automatic transaction tagging: Baselane Smart uses an AI auto-tag assistant to categorize transactions by property and across 120+ real estate-specific categories and subcategories. Its advanced tagging rules use transaction descriptions, recipients, amounts, and accounts or cards. Smart rules also support automated entity tagging. Users can review and edit automated tags. Smart is an optional paid subscription; Baselane Core includes foundational property-level bookkeeping and account- or card-based tagging.
• Property- and entity-level reporting: Baselane provides income and expense tracking, transaction ledgers, Schedule E reports, and accountant tax packages. Smart additionally includes balance sheet reports, custom categories, and automatic receipt matching. The reports organize rental records for accountant review and tax preparation.
• Integrated rent collection: Baselane supports ACH and card payments, recurring rent invoices, automated reminders, late-fee settings, and tenant payment histories. Rent can be directed to a property-specific Baselane checking account or linked external bank account. ACH rent payments deposited into Baselane Banking incur no rent-processing ACH fee; other payment methods and destinations have applicable processing terms.
• Interest-bearing savings: Eligible Baselane Savings balances can earn up to [v="apyvalue"] APY². The APY is variable, and the combined balance of Checking and Savings accounts determines the applicable tier. Interest applies to Savings balances, with qualifying rent collection potentially affecting bonus eligibility. The savings rate details describe the calculation.
• Physical and virtual debit cards: Baselane offers debit cards with spending controls that can be associated with checking accounts. Virtual debit cards can have their own limits and property or category tagging rules, allowing expenses to be organized by their intended rental.
• Deposit insurance through banking partners: Baselane banking services are provided by Thread Bank, Member FDIC. Eligible deposits placed through Thread Bank's deposit sweep program may qualify for FDIC insurance of up to [v="fdic_long"]¹. FDIC insurance protects eligible deposits against the failure of an insured program bank, subject to deposit placement, ownership aggregation, and applicable pass-through insurance requirements. The deposit program disclosures describe these conditions.

How Baselane fits rental property finances

For owners with properties held in different LLCs, separate bank logins and bookkeeping applications can spread account activity across systems. Baselane centralizes relevant banking and bookkeeping workflows, so each approved account can be organized by property or entity and its transactions reflected in financial reports.

Short-term rental owners can direct Airbnb and Vrbo payouts into dedicated Baselane checking accounts and track income against the relevant rental. They can also issue virtual debit cards with spending limits for cleaners, co-hosts, and contractors while using tagging rules to organize related expenses. Baselane's short-term rental guidance covers payout accounts and expense management. For longer-term rentals, Baselane ties rent invoices and payment histories to properties and tenants.

Baselane accounts can also be organized to distinguish operating funds, reserves, and tenant security deposits where legally appropriate. Deposit handling remains governed by applicable state and local requirements.

Primary focus

Baselane fits landlords and real estate investors who want banking, bookkeeping, rent collection, and rental tax reporting organized around properties and entities. It serves as the financial layer for a rental portfolio and can operate alongside property management workflows.

2) Stessa

Stessa focuses on rental portfolio financial tracking and provides cash management accounts alongside accounting, rent collection, and property management functions. Its dashboard organizes property income, expenses, cash flow, and portfolio performance.

Primary capabilities

• Portfolio reporting: Property-level income statements, cash flow views, general ledger reports, rent rolls, and tax summaries.
• Cash management accounts: Stessa supports unlimited eligible cash management accounts, with no more than three unfunded accounts at one time. Accounts can be associated with individual properties or entities and can earn interest. Stessa can also import transactions from linked external accounts.
• Rent collection and tenant records: ACH and card rent payments, recurring payment tracking, tenant information, and property or lease payment destinations.
• Listings and tenant screening: Rental listings, supported syndication, applications, and background screening workflows.
• Lease and maintenance tools: State-specific lease forms, e-signature workflows on eligible subscriptions, lease records, and maintenance request tracking.
• Rental tax reporting: General Ledger, income statement, rent roll, and basic tax package reports are available across subscriptions. Schedule E reports are available with eligible subscriptions.

Primary focus

Stessa suits real estate investors who prioritize portfolio analytics and also want cash management, rent collection, and selected property management workflows within the same environment. Its ability to associate multiple cash management accounts with properties and entities is relevant to owners managing separate rental finances.

3) Relay

Relay provides business banking and financial operations tools for businesses that organize cash across multiple accounts or legal entities. Its focus is account allocation, vendor payments, team spending, and accounting-system connectivity.

Primary capabilities

• Multiple banking accounts: Relay supports multiple checking accounts, up to 50 depending on subscription access, plus up to two savings accounts per approved business. Accounts can be organized by operating purpose.
• Multi-entity access: Separately registered and approved businesses can be managed through a common login.
• Automatic cash allocations: Percentage-based transfer rules distribute incoming funds among designated accounts for operating expenses, reserves, or other budget categories.
• Bill pay and approvals: Upload and track invoices, approve bills, and schedule vendor payments through a centralized workflow.
• Team spending controls: Virtual and physical cards and user permissions help coordinate authorized business purchases.
• Accounting integrations and invoicing: Connections with QuickBooks Online and Xero, along with general invoicing and payment request features.

Primary focus

Relay fits real estate operating businesses with multiple entities, recurring vendor payments, and cash allocation processes. Its general business finance workflows can form part of an investor's wider rental recordkeeping process.

4) Bluevine

Bluevine offers business checking with interest-bearing account features, designated checking sub-accounts, payments, and business financing services. It is oriented toward small business cash management, including businesses involved in real estate operations.

Primary capabilities

• Business checking: Interest-bearing checking with eligibility requirements for applicable yields.
• Checking sub-accounts: Separate sub-accounts can organize business cash for properties, taxes, vendors, and operating purposes. Bluevine supports up to 50 checking sub-accounts, depending on subscription access.
• Invoicing and payment links: Digital invoices, reminders, and ACH or card acceptance through connected payment services. Recurring invoices are available according to subscription and autopay settings.
• Vendor bill payments: Tools to schedule and manage outgoing business payments.
• Business spending controls: Debit card functions and sub-account organization support expense allocation.
• Revolving business credit: Eligible businesses can apply separately for a revolving business line of credit. Credit decisions and individual draw requests are subject to approval.

Primary focus

Bluevine fits owners and real estate operating businesses looking for general business checking, cash organization, payment tools, and potential working capital access. Financing eligibility is assessed separately from checking account access.

5) Landlord Studio

Landlord Studio provides software for rental property operations, income and expense tracking, tenant management, and tax reporting. It uses linked external bank accounts for rent payment deposits and financial transaction imports.

Primary capabilities

• Rental income and expense tracking: Record property-level payments, expense categories, receipts, and financial activity.
• Online rent collection: Collect rent digitally, maintain payment records and reminders, and designate linked external checking accounts as payout destinations for rental payments.
• Smart receipt scanning: Capture receipts and extract purchase details for expense documentation.
• Mileage tracking: Record journeys related to property visits and maintenance, including location-assisted tracking.
• Maintenance management: Receive tenant maintenance requests and organize repair jobs and updates.
• Rental listings: Advertise vacancies through supported listing channels.
• Bank feeds and tax reports: Eligible subscriptions support automated bank transaction imports and Schedule E reports.

Primary focus

Landlord Studio fits landlords and real estate investors who want operational property management and supporting financial records. Existing bank accounts can supply transaction activity through supported connections, while rent collection and rental expenses remain organized in the software.

6) TurboTenant

TurboTenant focuses on rental marketing, tenant applications, lease administration, rent collection, and ongoing property management. It also offers accounting and financial reporting capabilities for rental owners, using linked external bank accounts for banking activity.

Primary capabilities

• Listings and lead management: Advertise vacant rentals across supported listing sites, receive inquiries, and coordinate applicant communication.
• Applications and screening: Collect rental applications and access authorized credit, criminal background, and eviction screening reports.
• Digital leases: State-specific lease agreements and addendums with electronic signing on eligible subscriptions.
• Online rent collection: ACH rent payments, card payment options on eligible subscriptions, tenant autopay, rent records, and reminders. Multiple external rent-payout checking accounts are supported with eligible subscriptions.
• Maintenance AI: An AI-assisted maintenance intake workflow helps tenants describe issues and organize requests.
• Rental accounting: Eligible subscriptions provide accounting tools for automatic transaction imports and categorization, fixed-asset and loan tracking, bank reconciliation, and Schedule E or Form 8825 reports.

Primary focus

TurboTenant fits landlords who want to manage the renter lifecycle from listing through rent collection and maintenance. Its accounting functions add rental financial reporting, while incoming payments connect to the owner's designated external bank accounts.

7) Avail

Avail is rental property management software covering vacancy marketing, applications, tenant communications, payments, maintenance, and basic rental accounting. It links to landlord-held bank accounts rather than opening deposit accounts itself.

Primary capabilities

• Rental advertising and screening: Publish listings through supported syndication channels, collect applications, and access tenant screening.
• Lease administration: Create digital leases using state-specific templates and support electronic signatures.
• Online rent collection: Accept ACH and card payments, track amounts due, and organize tenant payment records.
• Property-specific payout routing: Assign external bank accounts to buildings and direct rent or security deposit payments to designated accounts.
• Maintenance and communication: Track repair requests, maintenance costs, and landlord-tenant messages in the platform.
• Income and expense records: Organize transactions by property or unit, automatically record eligible rent payments and maintenance costs, and add other expenses to the accounting dashboard.

Primary focus

Avail fits landlords and real estate investors who want tenant-facing management workflows with income and expense visibility. Its use of external payout accounts allows payments for different properties to be directed to designated banking relationships.

Why Baselane stands out for rental property banking and bookkeeping

Baselane organizes rental finances around each property and entity, connecting bank account activity with rental bookkeeping, income and expense categories, financial reports, and tenant payment histories.

Integrated portfolio workflows

Baselane's banking and bookkeeping workflow supports several common needs:

• Property and entity banking: Create designated checking and savings accounts for operating funds, rent receipts, reserves, and other rental purposes within one dashboard.
• Automated expense organization: Baselane Smart's AI auto-tag assistant categorizes transactions by property and across 120+ real estate-specific categories and subcategories. Configured rules can also tag transactions to an entity and assign spending to the intended rental.
• Tax-ready financial records: Baselane provides property- and entity-level income and expense reporting, Schedule E reports, transaction ledgers, and accountant tax packages. Smart adds advanced reporting and automated receipt matching.
• Rent payment tracking: Baselane links recurring rent invoices, reminders, payments, and tenant ledgers with property-level financial activity.
• Controlled rental spending: Virtual debit cards can be assigned to specific checking accounts with spending limits and transaction tagging rules.

Baselane Checking and Savings accounts have no monthly account maintenance fees or minimum balance requirements. Optional Baselane Smart subscription features are separate from those banking-account terms. Eligible Baselane Savings balances can earn variable interest of up to [v="apyvalue"] APY², with rates determined by applicable balance and activity criteria.

Baselane provides an integrated banking and bookkeeping foundation for landlords and real estate investors seeking organized rental finances across their portfolios. More information is available through Baselane landlord banking.