Baselane

Baselane: banking and financial management for real estate investors

Baselane is a financial technology company focused on rental property owners and investors. Its offering combines banking services, automated bookkeeping, and rent collection in a single platform, with the goal of providing clarity and control over each property's finances. The company operates under Skylight Financial Services Inc. and is not an FDIC-insured bank; banking services are provided by Thread Bank, Member FDIC.

Banking designed for multi-property portfolios

The platform allows you to open unlimited property-specific accounts for each entity, with no monthly maintenance fees or minimums. According to published information, total balances across checking and savings accounts determine the applicable yield tier, and only money in savings accounts earns interest. Deposits may qualify for FDIC insurance up to the stated limit when Thread Bank places them at banks in its deposit sweep program. The Baselane Visa debit card is issued by Thread Bank and includes Visa's Zero Liability protection.

Bookkeeping and tax automation

The bookkeeping system uses artificial intelligence to tag transactions by entity, property, and corresponding tax category, generating cash flow insights and year-end reports. The company also offers instant generation of tax packages with ledgers, receipts, and statements for each entity and property. Payment automation allows you to pay bills, make disbursements, and top up low balances to prevent overdrafts.

Rent collection and complementary services

Baselane facilitates rent collection through automatic invoices and reminders for rent, deposits, and late fees. Additionally, the site mentions other services such as tenant screening, landlord insurance, savings accounts, rental property loans, and security deposit management.

Customer profile

The platform is aimed at multi-property investors, short-, mid-, and long-term rental investors, property management companies, and landlords. The company states it has more than 50,000 real estate investors and has raised $44 million in funding. Its founders include Mathias Korder (CEO), Thorben Scheidegger (COO), and Jad Yaghi (CTO).

Support and security

Customer support is provided by people familiar with the real estate industry. The company states it uses enterprise-level encryption and security monitoring to protect customer data.

Location and contact

85 Fifth Ave, Floor 7 New York, NY 10003 · Phone: +1 (888) 586-1618 · Email: customerservice@thread.bank · Hours: Mon - Fri: 9am - 7pm ET Sat - Sun: 9am - 5pm ET Phone Support Hours: Mon - Fri: 9am - 6pm ET