Dario V.
Baselane is one of the worst…
Baselane is one of the worst disappointments I ever had in 10 years dealing with real estate. When I was first introduce to their customer service everything went really smooth and had daily follow ups with their team until I decided to move my portafolio to to be manage by this company, from that moment on the entire experience went sideways, my tenants reported to me they had to wait days to get their accounts confirm, from there setting up automatic payments took them weeks to manage, and to actually see funds almost a month! I expected this process to be "normal" as it was the first time setting up the accounts, but to my surprise the problems went on and on, the second red flag is when I first set an ACH to my insurance company, one of the "benefits" this company offered, to my surprise those payments were rejected due to a miss match of my name. After 1 week of daily emails, phone calls with their staff, the only response I got was that unfortunately they cannot ensure 100% of payments through them can be guarantee, I initially though the customer representative wasn't knowledgeable of this aspect so I requested to speak to their manager, and 3 days later I was told that at this moment this website does not have this capabilities, can you imagine setting up mortgage payments, contractors, insurance companies, or any other provider that relies on the efficiency of this system and been told that even the CEO of the company did not find a way to ensure payments were set up reliable! Well I learn this the hard way and to put this in context I only moved 5 properties at the time, for those with larger portafolio be aware of this limitations upfront and avoid a headache.
Response from BaselaneJun 30, 2023
We apologize for the frustrating experience you had with Baselane. We understand how important it is for our customers to have a seamless and convenient banking experience, and we regret any inconvenience caused, particularly after the time you invested in setting up your account. At Baselane, we prioritize the safety and security of our customers' funds and aim to protect both our valued customers and our business from potential fraudulent activity. As such, we require that any payments that are received by Baselane match the name of the account on file. In researching your case, it appears that one of your insurance companies billed against a name that did not match your account name, causing it to be automatically rejected. We understand this policy may inconvenience you, and we are working on adding functionality for vendor payments via Bill Pay to enable a seamless experience in all scenarios. Thank you for bringing this matter to our attention, and we apologize for any frustration caused.



