For landlords and rental property owners
Bookkeeping for landlords and rental property owners, done from your statements
Drop in the statements and exports landlords and rental property owners already have. ProfitBooks categorizes every transaction, tracks the deductions that matter for your work, and hands your tax preparer a clean profit and loss. $20 a month, billed annually, plus pay-as-you-go credits.
100 free credits at signup, 10 free every day. No card required.
What you upload
- Checking statement for the rental account
- Mortgage statements
- Property management statements
- Repair and maintenance receipts
What gets categorized
- Rent received
- Mortgage interest and principal
- Repairs and maintenance
- Property taxes and insurance
- Management fees
- Utilities
Deductions to look for
- Mortgage interest
- Depreciation (27.5 years residential)
- Repairs versus improvements
- Property taxes
- Insurance
- Travel to the property
- Management fees
Why it fits
Built for the way landlords and rental property owners actually run money.
Income arrives from a few sources, expenses land on one or two cards, and nobody has time to categorize 12 months of it in April. ProfitBooks reads the statements, learns your vendors, and keeps the profit and loss current so quarterly taxes stop being a guess.
- Chart of accounts built for your industry from one question
- Confidence threshold: auto-finalize the obvious, review the rest
- Year-end totals by category, ready for Schedule C or your preparer
- Need a reconciled balance sheet? Full Books, $99 a month billed annually, replaces the bookkeeper
Pricing
What landlords and rental property owners pay
About 70 transactions a month is 840 a year, which fits inside the 10 free credits you get every day. You would pay the $240 a year base plan ($20 a month, billed annually) and nothing else.
FAQ
Questions, answered
Do I need to connect my bank?
No. Download the PDF statement from your bank or take a photo of it. ProfitBooks reads it. No logins shared, no feeds to babysit.
What does it cost for landlords and rental property owners?
About 70 transactions a month is 840 a year, which fits inside the 10 free credits you get every day. You would pay the $240 a year base plan ($20 a month, billed annually) and nothing else.
Can my tax preparer use it?
Invite them free. They see the same profit and loss and ledger you do (and the reconciled balance sheet on Full Books), and can export CSV for their software.
I have three properties. Can I keep them separate?
Tag transactions by property when you review them and run the profit and loss per tag. If each property has its own bank account, upload each statement and the accounts stay separate automatically.
Does it split mortgage payments into interest and principal?
Upload the mortgage statement and the year-end 1098 and the split is recorded. Principal goes to the loan balance, interest to expense.
Your books for landlords and rental property owners, done tonight.
Create a free account, drop in a bank statement, and watch every transaction get categorized. 100 free credits to start, 10 more every day. No card required.
Takes about 90 seconds. No sales call, no onboarding fee, no contract.