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Rental Hero is a simple, easy-to-use accounting app for rentals that is guaranteed to save you a ton of time on your accounting.
If you're looking for something that's custom built for rentals and easy-to-use then you're going to love Rental Hero.
Everything about of Rental Hero is custom built around the way rental owners track their income, expenses, and do their accounting.
It works on single family homes, duplexes, multi unit properties, short term rentals, Airbnbs, and storage units.
You can even track everything on a per property and per unit basis, including the ability to generate separate profit & loss reports for each one.
The real value in Rental Hero is how much time it saves you. It gives you the ability to setup automatic data feeds from over 15,000 banks and credit cards. Rental Hero will use those feeds to download all your new transactions into the software every morning and auto-catetgorize them based on your own custom rules...without you lifting a finger!
Or, if you don't want to setup a bank feed, you can always manually download your statements from your bank or credit card's website and then upload the files into Rental Hero. Either way it will save you a ton of time.
With Rental Hero you can attach receipts to any expense using your computer, tablet, or your phone.
The system automatically stores a digital copy of the receipt and links it to that expense. If you ever need to see it again, simply click on the expense and boom...there's your receipt.
The first year you use Rental Hero for your taxes is when the real magic happens.
It literally takes 10 seconds to generate the report you need for your taxes. Simply print it out, hand it to your tax professional, and you're done. You'll wish you found Rental Hero years ago!
Plus, you can generate these reports for each rental, a group of rentals, and/or separate companies.
I became a new customer of yours about a year ago. We own 20 student rental properties, and I'm in the process of finalizing our year-end tax preparation for 2018. Your system is simply awesome, very user friendly. It's so easy to navigate, review & analyze data, and print necessary reports. It's exactly the type of system I was hoping to find early last year. I just didn't think it would exist.
Additionally, my elderly parents have several properties, and they're a customer of Rental Hero. While I handle the day-to-day management hassles for their properties, they still want to be involved by handling the bills...Read more and receipts. Your system is easy enough for my older, non-tech-savy dad to use, and with the system being online, I can help him remotely whenever he has any questions. I simply walk him through it step-by-step over phone. I can even make sure his entries are correct, and am able to print the necessary tax documents for him at the end of the year.
Our full-time maintenance man has 6 properties now, and is using Rental Hero as well and he loves it too! Again...thank you! I absolutely love the system, and wanted to make sure you knew how much I appreciate having it available. It's a big time saver!
11426 Davis Street #1100
Grand Blanc, MI 48480
Hi, my name is Steve Bjorkman and I am the CEO and founder of Rental Hero. I've had a lot of people ask me how I came up with the idea for Rental Hero, so I decided to tell the story here.
The idea for Rental Hero came from another site that we had created called Realtyzam (www.realtyzam.com), which is basically the same thing as Rental Hero but for real estate agents. Time and time again we would have agents ask us if we had an accounting program that they could use to track their rentals. After hearing it enough times, we finally decided to create Rental Hero.
As long as I can remember, I have always felt that the problem with most accounting software is that it's too complicated and it's built to handle every type of business under the sun. I wanted to create an accounting program that was easy to use that was catered to a specific type of business - in this case rentals.
So the concept was simple...create an ultra easy-to-use accounting software designed around the way rental owners need to track their expenses. Something that was so intuitive and so easy to use that any rental owner could pick it up and instantly know how to use it without any help. And that's exactly what we did!
What you see today is largely the result of user feedback. So as much as I would like to say it was all my idea, it really wasn't. Honestly, most of the credit goes to our users and their continual feedback and suggestions for new features.
I truly hope that Rental Hero helps you and you enjoy using it. There's nothing that makes me more happy than knowing that we created something people love to use.
CEO & Founder
We take the security of your data and your personal information seriously. Which is why we employ a number of advanced digital and physical security protocols to make sure your information stays safe and secure.
All data transmissions between our server and your computer, phone, and/or tablet are encrypted with 128 bit SSL/TLS encryption and all account passwords and other sensitive information are 512 bit encrypted before they are stored on our servers.
We are also integrated with a number of leading FinTech companies that specialize in managing bank account and password data used for the (optional) bank linking feature.
We are always interested in working with strategic partners to help us reach more rental owners. We have a very generous revenue sharing program that makes it simple and easy to promote Rental Hero. Fill out the form to the rightbelow and we'll be in touch soon!
Spreadsheets are great, but...trying to use them in place of an accounting program usually creates more work than it's worth. Let me start by saying that I am what most would consider to be a power user when it comes to spreadsheets (using advanced formulas, writing my own macros, etc). It usually works pretty good for accounting at first, but as soon as you have to make changes, create reports, or track multiple rentals you end up spending more time customizing your spreadsheets than it's worth. I know this because that's the way I did it before RentalHero!
You still have to do data entry.
No matter how good your spreadsheet is, that stack of receipts on your desk are not going to enter themselves. Even if you can download your bank statements, you still have to copy and paste everything into categories, which can be brutal if you have alot of transactions. And then how do you split transactions between multiple categories or multiple rentals?
Lack of financial reports.
What do you do for financial reports? Do you give your accountant a giant spreadsheet that he or she has to try to figure out? What happens when you want to look at your financials over a certain date range or over multiple years? How do you handle multiple rentals?
It's not scalable.
What happens when you buy more properties or you need to change or add categories? Depending on the complexity of your spreadsheet it can mean hours of updating formulas or re-doing entire sheets (if you've ever had to do this, you know how painful it can be).
There is a better way
The whole reason we built RentalHero was to solve these exact problems (along with others like storing receipts, keeping notes on properties, etc). It's extremely easy to use and not overly complicated like most other accounting programs. It eliminates almost all your data entry and it automatically categorizes about 80-90% your transactions based on your own custom categorization rules. Click here to learn more about how it can help you.