REI Hub vs Spreadsheets: Which is Best for Rental Property Accounting Software?
Whoa, whoa, whoa! I know what you’re thinking. Rental property accounting software comparisons?? This is not a regular RentRedi vs (Insert Competitor Here) blog.
However, we’ve been hearing a LOT lately from landlords trying to find accounting software. Not only to manage their expenses, but one built specifically for rental properties to easily and efficiently manage bookkeeping, and well…
We wanted to do a little research & comparison for you!
Normally, our comparison blogs feature RentRedi and other rental software. However, we decided it just wasn’t fair to pit property management software against rental property accounting software.
After all…wouldn’t it be much better if they worked together?? 😉
Instead, we’ve stacked REI Hub’s features against spreadsheets, another popular method of managing accounting for real estate!
REI Hub vs Spreadsheets: Which is Best for Rental Property Accounting Software?
| Features | REI Hub | Spreadsheets |
|---|---|---|
| Record income and expenses | Yes | Yes |
| Easy to use for rental property | Yes | Yes |
| Track performance by portfolio, property or unit | Yes | Yes |
| Securely import transactions from linked bank accounts | Yes | No |
| Automated mortgage accounting | Yes | No |
| Visual financial dashboards | Yes | No |
| Customizable transaction matching and categorization | Yes | No |
| Investment return, profit & loss, and balance sheet reports | Yes | No |
| Tax exports and accountant access | Yes | No |
| Digital receipt storage and mileage log | Yes | No |
| Free and friendly onboarding support | Yes | No |
Final Thoughts
OKAY….as you can probably tell, we LOVE REI Hub!
Their features give us heart-eye emojis for rental property accounting software — and that’s pretty hard to do!
- Easy setup for rentals
- Property-based reporting
- Track income and expenses
- Rental specific templates
- Tax ready reports
- Fixed asset tracking
- Document storage
- Mileage log
With all these great accounting features, REI Hub makes for great accounting software that’s optimized to support your rental property business and make crunching numbers…a little less crunchy!
Additionally, make sure you stay tuned to RentRedi’s blog & newsletter for EXCITING updates that may, in fact, include REI Hub!! 😉