REI Hub accounting software is specifically made for rental property owners and real estate investors.

Pricing

Receive a $50 credit when you mention STR HUB at sign-up
1-3 Units
$10/mo.
Up to 10 Units
$20/mo.
Up to 20 Units
$40/mo.
20 to Unlimited Units
$70/mo.

Features

Double Entry Accounting – Yes

Bill Payment –  No

Bank Sync – Yes

Categorization and matching of transactions – Yes

Invoicing – No

Payroll Integration – No

Vendor and Contact Management – Yes

Document and Receipt Management – Yes

Cloud File Storage – Yes,

P&L (Profit and Loss) Reports  – Yes

Balance Sheets Reports– Yes

NOI (Net Operating Income) Reports – Yes

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts – Yes, and the default chart of accounts is already set up for the needs of real estate businesses.

Automatic Mortgage Amortization – Yes, and REI Hub lets you set up a template for your mortgage payment, automatically splitting it into principal pay down, interest expense, and escrow contribution.

Fixed Asset Tracking – Yes, you can track your fixed assets (including capital expenses) and the accumulated depreciation. You can track multiple fixed assets per property, each with its own helpful life and placed in service date.

Lease Tracking – Yes

Mileage Tracking – Yes

Schedule E – REI Hub allows you to easily pull a Schedule E report for each property with no additional configuration. You can prorate overhead expenses across your entire portfolio.

Mobile App – No

Additional Features

  • REI Hub automatically helps you account for STR platform fees with unique matching rules for Airbnb and VRBO deposits.

Customer Service – Yes, via email and phone. Phone support hours are (9am-5pm EST)

 

Pros

  • Specifically designed for rental property owners and real estate investors.
  • REI Hub automatically reports your numbers on a property-by-property (or unit) basis.
  • The default chart of accounts is already set up for the needs of real estate businesses.
  • Affordable pricing is based on the number of active units.
  • All features are available for all users.
  • Customer support is free.

Cons

  • Limited number of property management software integrations.
  • Less well-known by bookkeepers and accounting professionals than some other platforms.
  • A mobile app is currently unavailable. This would be helpful for on the go receipt capturing.  A work around is possible by logging in the website from your mobile device.

Customer Reviews

Give More Than You Take.  If you have experience with this product or company, please share your knowledge with the STR community.

Melissa Mondzelewski

September 8, 2023
5

Pros

Automatically has categories that align with schedule E. Can customize categories to say separate cleaning and maintenance for budgeting purposes. Directly connects to banks to download transactions. Creates loans and purchase so you have an accurate balance sheet. Customer support is amazingly quick to answer questions.

Cons

Does not connect to platforms. You need to manually input any platform fees. Can’t limit team access. Price starts adding up with several properties.

Comments

Easy to send CPA end of year reports. Would highly recommend to anyone who wants something more robust than Stessa but not as complicated as Quickbooks. Much cheaper than Quickbooks and better situated for real estate as it captures depreciation, loans, purchase price, etc.
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