Frequently asked
questions

Anyone who runs real estate as a business: property managers, real estate investors, fix & flip and BRRRR investors, realtors and teams, RE contractors, and funds and developers. Whether you own 1 property or 1,000, there's a Glep plan sized for your portfolio; from operators just starting out to enterprise portfolios with 1000+ properties.

Those are strong platforms; for generic businesses. None of them has any concept of a property, a deal, a unit, or a rehab budget. You'd be tagging everything manually and rebuilding real estate logic in spreadsheets and custom fields. There's also a fit problem: Brex now serves only venture-backed startups and large companies, and Mercury's risk models are built around tech startups; which is why real estate operators report account friction on generic platforms. Real estate is Glep's primary customer sector. Your transaction patterns aren't an edge case here; they're the entire design and we understand it.

Glep earns revenue when you use the platform; through card interchange (paid by merchants, not you) and on deposits; so we don't need to nickel-and-dime you with monthly maintenance fees. Our incentive is simple: build a platform good enough that you run your whole business on it.

No. Most operators start by running one property or one active deal through Glep, see the difference at their first month-end, and move the rest over on their own schedule. There's no lock-in and no long-term contract.

It depends on what you're optimizing for. Generic platforms like Mercury, Brex, Slash, Rho, and Ramp offer modern banking and spend management, but none of them has any concept of a property, a deal, or a unit; you'd rebuild real estate tracking manually in tags and spreadsheets. Landlord tools like Baselane handle rent collection and bookkeeping but lack a real corporate card program with spend controls. Glep is the only platform that combines business banking, corporate cards, per-property expense tracking, multi-entity management, and AI intelligence built specifically for real estate businesses. From a first rental to an enterprise portfolio.

Ramp is just an horizontal spend management for generic businesses. Cards, expense automation, and bill pay designed around a corporate org chart. It is a spend platform, not a bank, so you still need a separate banking relationship. And it has no real estate layer: no per-property tracking, no deal budgets, no rehab cost basis, no multi-LLC structure. Glep is banking and spend management in one platform, with the real estate layer native. Every transaction lands against a property or deal automatically, because the entire system understands how real estate runs.

Brex serves venture-backed startups and large companies only; and after dropping tens of thousands of small business accounts, it made that focus explicit. In April 2026, Capital One completed its acquisition of Brex for approximately $5.15 billion, so its roadmap is now set within a major bank's enterprise priorities. Real estate operators were never Brex's market. Glep serves real estate businesses only, at every size; no venture funding requirement, no minimum revenue, and a platform designed around how real estate money actually moves.

Mercury is banking built for tech startups. Software, with advanced features gated behind paid tiers (Mercury Pro runs $299–$350/month) and reimbursements capped at 5 users on the free plan. Its most persistent customer complaints are sudden account restrictions during compliance reviews and slow, email-only support; partly because its risk models are tuned to startups, and real estate transaction patterns (large irregular transfers, multiple LLCs, contractor payments) look anomalous to them. Glep gives you the modern platform experience with real estate as the primary customer: per-property tracking, contractor card controls, and multi-entity management out of the box.

Rho is a zero-fee platform built for venture-backed startups and corporate finance teams; banking, cards, AP automation, and treasury designed around a startup's org chart, and it isn't available to sole proprietors. What it doesn't have is anything for real estate: no property-level tracking, no deal budgets, no rehab cost basis, no per-unit reporting. If your business is a portfolio of properties rather than a startup cap table, you'd use a fraction of Rho while doing all your real estate tracking somewhere else. Glep is the whole stack for your actual business.

Slash is a banking platform aimed at e-commerce brands, agencies, and crypto-native businesses, with features like stablecoin payments and up to 2% cashback built for that world with Home remodelling stores like Home Depot excluded from the cashback. It's good at what it targets; and real estate isn't it. There's no property-level tracking, no rehab budgets, no deal-based reporting, and no multi-LLC portfolio structure. Glep is purpose-built for real estate businesses: every feature exists because a real estate operator needed it.

Landlord tools like Baselane and Stessa are built around rent collection and passive bookkeeping; useful for tracking income on a few rentals. What they don't solve is how your business spends money: there's no real corporate card program with budget caps and merchant controls, no contractor cards, no approval workflows, and no spend management for a team. Glep covers both sides; banking and income tracking, plus controlled, visible outbound spend; which is why operators graduate to Glep as their portfolio and team grow.

A traditional bank gives you an account, a debit card, branch access, and fees (Wire fees, maintenance fees, per-transaction fees); with zero software for running a portfolio or project. Every real estate function happens outside the bank: separating expenses by property in spreadsheets, chasing contractor receipts, reconciling at month-end. Glep replaces that manual layer: transactions are tagged to properties automatically, cards carry budgets and controls, and month-end becomes a review instead of a project.

That's the default stack most operators start with; and it's where the three-to-four-day month-end comes from. QuickBooks is a ledger: it records what happened after you (or your bookkeeper) manually categorize it, property by property, transaction by transaction. Nothing in that stack controls spend before it happens; no card budgets, no contractor limits, no approvals. Glep works upstream of QuickBooks: money moves through cards and accounts that tag and control spend in real time, so your ledger receives clean data instead of a pile to sort. Keep QuickBooks; delete the data entry.

Property managers have three problems generic platforms don't address: spend scattered across units and buildings, maintenance staff spending on personal cards, and owners who expect clean per-property reporting. Glep solves all three; every transaction is tagged to its unit or building automatically, maintenance teams carry controlled cards with limits you set, and per-property reporting is generated continuously instead of assembled by hand at month-end. Generic platforms like Ramp or Mercury can hold your money; they can't tell you what Building C spent on plumbing this quarter without you building the tracking yourself.

Yes. This is one of the most-used features on Glep. Issue a card with a hard budget cap tied to a specific project. When the budget's spent, the card stops working. You'll never again find out about an overrun when the invoice lands.

Yes. Every card carries its own limit, budget, and approval rules. A $500/month card for a leasing agent, a $40K rehab-budget card for a general contractor, a locked-down card for a new hire. Multi-level access controls mean the right people approve spend before it happens, not after.

Freeze or cancel any card instantly from your dashboard or mobile app; no phone queue, no waiting on a bank. Because every card is scoped to its own limit and project, a compromised card never exposes your whole account.

Yes. Deposits are held at our FDIC-insured partner bank and protected. Glep safeguards your account with bank-grade encryption, two-factor authentication, and industry-leading security, and operates in compliance with US regulations.

That fear is justified; sudden account closures are the most common complaint against generic fintech platforms. Much of it comes from risk models that don't understand real estate: large irregular transfers, deal-based cash movement, multiple LLCs, and contractor payments look suspicious to a startup-focused compliance system. To Glep, that pattern looks like Tuesday. Real estate is our primary customer focus, and our platform is designed around how real estate money actually moves.

A registered US business entity, your EIN, and standard identity verification. Sign up online in minutes; no branch visits, no minimum revenue, no minimum balance, no venture funding requirement.

You have multiple payment methods you can make and receive payments with - Real Time Payments (RTP), Fednow, ACH, and Wire directly from your Glep account. Pay vendors and contractors from the same platform where the spend is tracked, so every payment lands in the right property's books automatically.

Upload a receipt instantly with every payment; snap it and attach it at the point of spend. No more shoebox, no more chasing contractors for paperwork at month-end. Your finance workflow saves hours on reconciliation every month.

Yes. Route spend above a threshold to the right approver, require approvals by team, project, or amount, and leave comments directly on transactions. You review exceptions; the system handles the routine.

Yes. Automated categorization tags every expense as it happens; by property, by category, ready for your accountant. Clean books stop being a weekly data-entry ritual, and compliance gets easier because the record is built in real time.

No, they're complementary. QuickBooks is your general ledger; Glep is where your money actually lives and moves. What Glep eliminates is the manual data entry QuickBooks requires: transactions arrive already categorized and tagged by property, so your books stay clean.

Yes. Get a consolidated view across every property; total cash position, spend, and performance; then drill into any single LLC or deal when you need the detail. One login, complete picture.

Yes. Each entity's funds and transactions stay cleanly separated; which is exactly what your accountant, your lender, and your asset-protection strategy require. Visibility never means commingled money.

Add the new entity to your existing Glep account, set approval rules, invite team members, issue virtual and physical cards and set unique controls for the new LLC. Your financial infrastructure scales with your portfolio.

Yes. Multi-level access controls work per entity: your property manager sees their buildings, your partner sees your joint venture, your bookkeeper sees everything; read-only. Everyone gets exactly the access they need and nothing more. You determine what access you give your team members.

The ones you actually ask: Which of my 12 listings are profitable? How is the Maple Street rehab tracking against budget? What did I spend on maintenance across the portfolio last quarter? Calculate your Net Operating Income (NOI), Estimate After Repair Value (ARV) and more.

Aida works on your real financial data, structured the way real estate works; per property, per deal, per entity. A generic AI chatbot can't see your transactions; a generic fintech's AI doesn't know what a rehab budget or a cost basis is. Aida has both the data and the context.

No, it makes them faster and cheaper to work with. Aida keeps your data clean and answers day-to-day questions instantly, so your accountant spends their hours on strategy and tax work instead of untangling transactions.

Yes. Your data is protected with bank-grade encryption and two-factor authentication, and it's used to serve you; not sold or shared.

Commingling is mixing money that should be separate; personal funds with business funds, or one LLC's money with another's. It's dangerous for three reasons: it can pierce the liability protection your LLC exists to provide, it makes clean accounting nearly impossible (which property actually paid for that?), and it creates problems in audits, lawsuits, and loan applications. The fix is structural, not disciplinary: separate accounts per entity, dedicated cards for business spend, and every transaction attributed to a property from day one. That's the architecture Glep provides by default.

Your cost basis is everything you put into the deal: purchase price, closing costs, rehab spend, and qualifying carrying costs; tracked per property, from acquisition through refinance. It matters twice: your lender's appraisal-to-cost analysis at refinance, and your tax position when you eventually sell (your CPA will thank you for clean records). The failure mode is reconstructing it months later from bank statements and contractor texts. The fix is capturing it in real time: on Glep, every dollar spent on a deal; cards, transfers, vendor payments; is tagged to that property as it happens, so your cost basis is always current and documented.

Experienced developers and flippers commonly hold 10–20% of the budget as contingency; more for older properties, full guts, or your first few deals, since surprises hide behind walls. But the contingency number matters less than knowing where you stand against it in real time. Most budget blowouts aren't one disaster; they're dozens of small overruns nobody saw until the invoices arrived. That's the problem project-level spend tracking solves: on Glep, actual spend is tracked against each project's budget as cards are swiped, so you find out a project is trending over while you can still do something about it.

The common approaches all have a flaw: cash advances disappear with no paper trail, sharing your personal card exposes your whole account, and reimbursements mean your contractor fronts money and you drown in receipts. The clean solution is a dedicated card per contractor or project with a hard budget cap. When the budget's spent, the card stops working, and every purchase is recorded and tagged to the project automatically. That's a core Glep feature: issue a card to your GC in minutes, cap it at the materials budget, and never have the "I didn't realize we were over" conversation again.

Everything, attributed to the specific property: mortgage interest, taxes, insurance, utilities, repairs and maintenance, capital improvements (tracked separately from repairs; your CPA needs the distinction), management fees, leasing costs, and travel. Per-property attribution is what makes the numbers useful; a portfolio-level P&L can look healthy while two properties quietly lose money. It's also what your Schedule E requires at tax time. The practical question isn't what to track; it's whether tracking happens automatically or becomes a monthly archaeology project. On Glep, attribution happens at the moment of transaction, not at month-end.

With the default stack; one bank account, a spreadsheet, and QuickBooks; operators commonly spend three to fours days a month untangling transactions, chasing receipts, and allocating expenses across properties. That's 24–36 days a year of unpaid admin. It doesn't have to: if every transaction is categorized and tagged to its property at the moment it happens, month-end becomes a short review instead of a reconstruction.

If you file taxes on rental income, you need clean books; whether that's QuickBooks, another ledger, or your accountant's system, depends on your scale and their preference. What you don't need is the manual data entry that usually comes with it: downloading bank statements, categorizing transactions one by one, and allocating them to properties by memory. Glep works upstream of your accounting software; transactions arrive already categorized and tagged by property; so whatever ledger you use receives clean data. Keep your accountant's system of choice; eliminate the data entry feeding it.

Expect to show the property's income and expense history (typically above 3 months), current rent roll and leases, your cost basis including documented rehab & build spend, entity documents for the LLC on title, and bank statements showing reserves. The deals that stall are the ones where records have to be reconstructed; the rehab & build receipts in a shoebox, the expenses blended across five properties in one account. Clean, continuous per-property records turn lender due diligence from a scramble into an export. That's a structural benefit of running the property's finances through a platform that separates and documents everything by default.

Most states require property managers to keep client funds separate from operating funds, and many mandate trust accounts with specific handling rules; check your state's requirements with your broker or attorney. Beyond compliance, owners expect transparent reporting: what came in, what was spent, on what, at which property. Doing that by hand across dozens of units is where PM back offices drown. Structurally separated accounts, per-unit expense attribution, and continuous reporting make owner statements a byproduct of operations instead of a monthly production.

Before you think you need it. The pattern is consistent: operators run everything through one account until 5–10 properties, then spend months untangling years of commingled expenses when a lender, a partner, or the IRS forces the issue. The earlier the infrastructure exists; separate entities, dedicated cards, per-property tracking; the more it compounds: cleaner taxes, faster refinances, real per-property profitability data informing every buy/sell decision. Glep's exists for exactly this: operators with 1–3 properties who want to scale on clean rails instead of rebuilding later. The best time was your first property. The second-best time is before your next one.