Baselane vs MileIQ

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

MileIQ

Microsoft-owned mileage tracker that auto-logs every drive and generates IRS-compliant reports with a single swipe — purpose-built for agents who want maximum deductions with zero manual logging.

Free (40 drives/mo); $11.66/mo billed annually

Visit MileIQ

Baselane vs MileIQ: feature comparison

Feature	Baselane	MileIQ
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

MileIQ — Pros & Cons

Pros

Automatic drive detection needs zero manual input — classify each trip business or personal with a single swipe
One-tap IRS-compliant mileage reports export as PDF or CSV, ready for Schedule C or reimbursement claims
Named-location auto-classification pre-labels frequent drives (office, staging locations) to cut daily admin time
Microsoft-backed platform trusted by 1M+ active users, with enterprise-grade security and long-term reliability

Cons

Tracks mileage only — no expense categories, income logging, commission tracking, or profit-and-loss reporting
No integrations with QuickBooks, real estate CRMs, or transaction platforms; data export requires a manual PDF/CSV step
Free tier capped at 40 drives/month — active agents typically exceed this in days, requiring the paid plan at ~$140/year
GPS-dependent drive detection can miss short trips when iOS battery optimization kills the background app refresh

See all Accounting for Real Estate →