Rental Expense Tracking

Every expense, every property, every deduction.

Connect your bank, tag expenses to a property and IRS category, snap receipts with your phone, and export a Schedule E-ready report at tax time. $9/mo for unlimited properties.

Start 14-day free trial Tax deduction checklist

The pain Rentlane removes

Most small landlords track expenses in three or four places — bank statements, a notes app, a shoebox of receipts, and a spreadsheet they touch twice a year. Come April, an accountant charges them by the hour to untangle it. Rentlane keeps everything in one place from the day you start.

What gets tracked

Bank-feed import

Connect your bank or card; transactions flow in automatically through Plaid.

Per-property tagging

Every transaction lives under a specific property so per-property P&L is one click.

IRS categories

Repairs, improvements, mortgage interest, insurance, property tax, utilities, supplies, professional fees, depreciation.

Receipt photos

Snap a receipt with your phone; it attaches to the transaction.

Mileage log

Log trips to your properties; we apply the current IRS rate.

Schedule E export

Hand your CPA a clean, line-by-line report or upload it to your tax software.

Repairs vs. capital improvements

The IRS treats a $300 plumbing fix very differently from a $30,000 roof replacement — one is fully deductible this year, the other gets capitalized and depreciated over years. Rentlane tags the difference at entry so your Schedule E and depreciation schedule come out clean.

Built around Schedule E

Every category we use maps to a line on Schedule E. When you export at tax time, your accountant gets a report that already speaks the IRS's language — no translation step. More about Schedule E tracking →

Frequently asked questions

How does Rentlane track expenses?

Connect your bank or credit card and Rentlane pulls transactions in automatically. Tag each expense to a property and IRS-aligned category — repairs, capital improvements, mortgage interest, insurance, property tax, utilities, supplies, professional fees, travel, depreciation, and more.

Can I snap receipts with my phone?

Yes. Take a photo and attach it to the transaction. The image is stored alongside the expense so you have an audit-ready record without a shoebox of paper receipts.

Does it separate repairs from capital improvements?

Yes. Repairs are deductible in the year you pay; capital improvements get depreciated over time. Rentlane lets you tag the difference so your Schedule E and depreciation schedule come out right.

Can I track expenses by property?

Yes. Every expense is tagged to a specific property, so when tax season rolls around you can run a clean per-property P&L.

What about mileage?

Log trips to and from your properties — Rentlane multiplies miles by the current IRS rate and adds the deduction to the right property.

Do you integrate with QuickBooks?

Most small landlords don't need QuickBooks once they're on Rentlane — the per-property ledger and Schedule E export do the job without a chart of accounts to maintain. If you already use QuickBooks, you can export Rentlane data as CSV and import it.

Will this work for an LLC?

Yes. Track expenses per property regardless of how the properties are titled, and use the per-property reports to prepare your LLC's books or hand to your accountant.

Other Rentlane Tools

Everything below is part of the same $9/mo plan — built for small landlords who want one tool that just works.

Stop dreading tax season

Tag expenses as they happen and export a Schedule E in April. 14-day free trial. $9/mo for unlimited properties.

Start your 14-day free trial