It’s not required, but it’s highly recommended. You can manually add transactions yourself, but linking a bank account ensures that transactions automatically get imported as new purchases are made, and will make your life much easier.
Rentastic is a piece of software developed with real estate investors in mind. Its purpose is to help automate your business by tracking property income and expenses. That way you can spend more time working ON your business, rather than trying to manage receipts.
Due to the large number of domains that have been purchased around the world, rentastic.com was already taken. We think it’s a great name, but because of that, we had to switch to do a different domain ending. (rentastic.com is currently selling for around $18,000!) We may be able to snag it in the future, but for now, this’ll do.
The creators of Rentastic are real estate investors themselves! After trying dozens of different pieces of account and expense tracking software, such as Quickbooks, we got fed up. Too many pieces of software were trying to be the end-all be-all for every business, and they never seemed to cater well to real estate. For that reason, we’ve created Rentastic, which is designed specifically with rental properties in mind.
Rentastic is free to get started. You can link your bank accounts, import transactions, add properties, and begin classifying everything to your hearts content. As your business grows, Rentastic charges $99/yr to add more than two properties, and generate end-of-year tax statements.
No. There are other pieces of software better designed for that task. Rentastic is only meant to track income and expenses for your business, your individual properties, and then make it easy to prepare tax documents at the end of the year.
Although Rentastic is designed with residential real estate in mind, it could be used to track a commercial property with relative ease.
Nope! Linking a bank account is completely free to you. Free users are limited to two bank accounts, but paid users are able to link as many bank accounts as you’d like.
We don’t store any of your sensitive data, such as username and passwords. Ever. Period. Rentastic uses a service called Plaid to link to your bank account and import your transactions. For security purposes, whenever you link a bank account, Plaid creates a third party link using access and public tokens to allow us to import bank information. Your username and password are never sent across the internet or stored in our databases, meaning your data is 100% safe. You can read more about that on Plaid’s website.
No. Rentastic was designed to replace Quickbooks. It is designed specifically with rental properties in mind.