Baselane vs Loft47

Banking, bookkeeping, and rent collection in one dashboard — Baselane is purpose-built for property investors who want to ditch the QuickBooks workaround.

Free — $25/mo

Visit Baselane

Loft47

Commission management and real estate accounting for brokerages — rules-based commission calculation with deep QuickBooks integration.

Custom (~$200+/mo)

Visit Loft47

Baselane vs Loft47: feature comparison

Feature	Baselane	Loft47
1099 & Agent Tax Reporting	✗	✓
Bank / Credit Card Sync	✓	✗
Commission Calculation	✗	✓
CRM / TM Integrations	✗	✓
Financial Reporting Dashboard	✓	✓
Mileage Tracking	✗	✗
Real Estate-Specific Workflows	✓	✓
Trust / Escrow Accounting	✗	✓

Baselane — Pros & Cons

Pros

Free tier includes real FDIC-insured banking plus bookkeeping — no credit card or paid plan required
Property-specific sub-accounts partition funds by address without opening separate bank accounts
Auto-tags every transaction to IRS Schedule E categories, cutting tax prep time significantly at year-end
Built-in rent collection via ACH, card, and auto late fees eliminates the need for a separate payment tool

Cons

No native mobile app as of mid-2025 — landlords must manage via a mobile web browser
Customer support is notably slow — users report days for chat responses and weeks to schedule a call
Not a full property management platform: no maintenance ticketing, lease storage, or tenant screening
Transaction and withdrawal limits on the free tier can frustrate investors with larger or higher-volume portfolios

Loft47 — Pros & Cons

Pros

Powerful rules-based commission engine
Deep QuickBooks Online integration
Handles complex split structures without manual workarounds
Canadian and US tax compliance

Cons

Setup complexity — expect onboarding time
Not a general ledger on its own
Custom pricing — no public tier structure
Smaller support team than enterprise vendors

See all Accounting for Real Estate →