landlord-banking
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Mathias Korder and the surprisingly busy business of passive income
Before Baselane had a product, roughly 3,000 landlords joined its waitlist in four weeks. Mathias Korder has spent the years since turning their appetite for less paperwork into a financial platform built around rental properties.
Baselane
Baselane is a New York fintech that gives individual real estate investors and landlords a single place to bank, collect rent, and keep their books. Instead of stitching together a legacy bank account, spreadsheets, an accountant, and consumer payment apps, users open property-specific accounts, collect rent by ACH or card, and let AI categorize transactions into tax-ready reports. The company says its 50,000-plus customers move more than $2 billion in annual transactions and save an average of roughly 150 hours and $5,000 a year.