Frequently Asked Questions
REI Hub makes and supports accounting software for rental property owners and real estate investors. Our mission is to make investment property bookkeeping easier, more efficient, and less stressful.
REI Hub was built for rental property owners and real estate investors and the financial professionals who work with them. REI Hub's accounting system is property focused and easy to understand, with smart automations focused on getting more done faster.
We are made for the everyday investor who knows that keeping the books for their rentals shouldn't be so hard, and that there has to be a better way. REI Hub is that better way.
Yes, REI Hub works well for both multi-unit properties and short term rentals. Properties can be single unit or multi-unit, with no limit on how many units can be in a property. If you select a multi-unit property while booking transactions, a Unit Selector field will immediately display. Select a unit or leave the field blank to book the transaction to the property directly.
REI Hub is perfect for short term or vacation rentals, which often have higher transaction volumes and so benefit even more from quality property centric accounting software!
No, REI Hub is not property management software and does not offer features like rent collection, listing services, tenant management and screening, or maintenance coordination.
Why not? Because while there are lots of services, software, and DIY options for managing your properties, there is not a similar ecosystem available for your accounting needs. Before REI Hub, rental property owners still had to struggle with basic spreadsheets, unfriendly accounting software, or a pricey bookkeeping service bill.
Most traditional accounting software is built for regular small businesses and for accountants, and has to support a wide range of industries and customer types. This often results in cluttered software that is hard to navigate and not user friendly. While there may be lots of options available, none of them are specifically built for rental property bookkeeping.
On the other hand, REI Hub is exclusively focused on the unique needs of the investment property owner. This focus allows us to concentrate solely on providing the best and easiest to use accounting software for real estate investors and rental property owners.
Yes! While REI Hub is designed first and foremost for individual rental property owners, our property-centric accounting system can easily be adapted to other businesses and use cases. You can easily add to your Chart of Accounts to track whatever additional categories are needed.
Yes, you can add additional accounts to your Chart of Accounts. Sub-accounts are also supported. The default expense accounts match the IRS Schedule E categories for the shortest possible distance between keeping your books and filing your taxes.
For more information on what to consider when creating your rental property Chart of Accounts, click here.
REI Hub uses secure Data Providers (Plaid and Yodlee) to access a read-only transaction feed from your checking, savings, and credit card accounts. REI Hub never has access to your sensitive log-in credentials and information. REI Hub takes your privacy and security very seriously. More information about our Data Providers Plaid and Yodlee is available on their websites.
Yes, REI Hub is a double-entry accounting system (similar to general small business accounting systems like QuickBooks or Xero). Double-entry accounting is a generally accepted standard and enables advanced reporting like a Balance Sheet and Fixed Asset/ Depreciation tracking.
Yes, REI Hub can produce all of the major accounting reports- the Profit & Loss, Statement of Cash Flows, and the Balance Sheet. Please note that starting balance entries need to be made for an accurate Balance Sheet.
For more information on the Balance Sheet for your rental portfolio, read here.
Absolutely- you can grant as many additional users access to your portfolio as desired. Enter their name and email address, and they will receive an invitation to create an REI Hub profile and access your portfolio.
Everything you need for your rental property books
✓ Easy setup for rentals
✓ Property based reporting
✓ Track income and expenses
✓ Rental specific templates
✓ Tax ready reports
✓ Fixed asset tracking
✓ Document storage
✓ Mileage log
Want to learn more?
REI Hub was built from the ground up for rental property accounting- see how!
Compare to QuickBooks
See how REI Hub and QuickBooks stack up for rental property accounting.
Email us at email@example.com or click below to schedule a conversation or demo with us