Everything RentReel does
The whole list, grouped by the problem it solves rather than by menu. Including, at the bottom, the things it deliberately doesn't do.
Built by someone who runs five short-term rentals and got tired of QuickBooks not knowing what a reservation is.
Your average guest stay, computed from real reservations
The §469 short-term rental exception turns on one number: your average period of customer use, per property, for the year. A bank feed can't see it, because the answer lives in your bookings, not your deposits. RentReel reads it from the reservations themselves and keeps it current as new ones arrive — so you learn you've drifted over seven nights in March, not the following April.
Try it on your own dates → No signup.
Making one bank account tell the truth about many properties
If you run several doors out of one account, nothing on the statement says which house a charge belongs to. This is where most rental bookkeeping quietly goes wrong.
Forward a utility bill to your receipts address and RentReel reads the service address printed on it, then files the charge to that property. Comcast and Ameren look identical on a statement; the bill itself knows which house it's for.
A forwarded receipt is matched on who it's from, not just the amount and date. Without that, a Verizon bill cheerfully matches a Lowe's charge for the same amount.
Transfers between your accounts, owner draws, loan proceeds and personal deposits are kept out of rental revenue. Counted as income, they inflate the one number your whole return is built on.
Commingled account? Personal spending is flagged out so it never reaches a Schedule E, and stays visible so you can check the call.
Categorise a payee once and the rest follow. Rules are tied to the specific payee, not to loose wording that would sweep in unrelated charges.
A standing audit of your own books: uncategorised income, properties with no cost basis, charges with no door attached, duplicates. It tells you what's wrong before your CPA does.
The tax surfaces
Line by line, built from your transactions, exportable for whoever files. Multiple LLCs stay separate all the way through.
Purchase price, land allocation, straight-line over 27.5 years, feeding Line 18. Drop a closing statement in rather than typing it.
A rough benefit estimate so you can decide whether commissioning a study is worth it, before you pay for one.
§469 participation tracked per property, including the test that compares your hours to everyone else's — the one your cleaner can fail for you.
Builds a defensible hours log from data you already have: guest messaging per reservation, cleaning coordination, repair visits cited to the actual receipt, business drives.
Rates and rules are set per market, and tax you collect is tracked as a pass-through rather than as revenue. On direct bookings that liability is usually yours, not the platform's.
The paperwork nobody wants to do
Contractor payments tracked against the filing threshold through the year, with W-9s stored against each vendor, so January isn't an archaeology project.
Drop the statement in and the servicer, rate and balance are read off it.
A business mileage log at the current IRS rate, feeding the return and the participation hours.
Share the books without sharing your login. They see what they need; they can't change anything.
Excel and CSV for Schedule E, P&L, per-property reports, mileage and partner splits — in a shape an accountant can actually work from.
Profit and loss by property, by entity and by period, with future-dated reservations kept out of earned figures.
Portfolios that aren't simple
Several LLCs, or an LLC and a DBA, kept apart through every report and export rather than merged into one pile.
Own a property with someone else? Revenue, costs and net are split at your agreed percentage, with its own export for your partner.
Managing doors for someone else: per-owner statements covering their properties, their share and their fees.
Not every door is nightly. Record a lease once — unit, tenant, rent, due day — and monthly payments match themselves to the right unit. Rent due against rent received, with anything short flagged.
Where the numbers come from
Connect accounts for a running feed, or upload statements. Bank connections are read-only.
Direct sync. Authorise once and properties and reservations come across on their own, read-only. Charges are split into rent, fees and tax rather than lumped as one figure.
A live, two-way integration listed in their marketplace.
Connect with your own read-only API key and reservations sync directly.
CSV import that understands the export formats these tools actually produce, including the ones that name the property in a section heading instead of a column.
What it doesn't do
Worth saying plainly, because a feature list that only says yes isn't informative.
It produces tax-ready books and a Schedule E your accountant files from. RentReel is not a CPA, a tax preparer, or a substitute for one.
No guest messaging, no calendars, no pricing, no channel management. Your PMS does that, and does it better.
The Rent Roll tracks what's due and what arrived. It never invoices or contacts a tenant.
It computes the numbers the tests turn on and shows its working. Whether you qualify depends on facts software can't see, and that call belongs to you and your CPA.
Start with the number that decides everything
Work out your average guest stay first. It takes a minute and costs nothing.
Run the 7-day test → Start free, no card →