An REI Hub alternative with a lot less typing.
REI Hub is real-estate-native bookkeeping with genuine accounting depth: fixed asset schedules, per-property P&L, balance sheets. Keystone IQ covers the same ground but starts a step earlier: it reads the documents so the entries do not have to be made by hand.
14-day free trial. No credit card.
The product you'd otherwise build yourself
The Portfolio Health Score is one 0–100 number that rolls up NOI, DSCR, occupancy, and expense ratios, computed automatically across every door, and it sits right above the investor metrics you already track.
It's live the day you start, not after a weekend of setup. Long-term and short-term rentals live in the same ledger.
Drop in a statement: the AI writes the ledger
Owner packets, mortgage statements, and invoices are read straight into your books: vendor, amount, date, category, and the property they belong to.
Keystone IQ
Keystone IQ is the investor’s books and dashboard, built around AI document extraction. Drop in an owner packet or a mortgage statement and the AI writes the ledger, then keeps NOI, DSCR, cap rate, and equity live, long-term and short-term in one place.
Best for: investors who would rather review what the AI drafted than categorize a feed, and who want short-term per-night metrics beside their long-term numbers.
REI Hub3
REI Hub is purpose-built rental accounting: real-estate categories, loan and fixed-asset tracking with a depreciation schedule by property, P&L and cash flow per property, balance sheets, Schedule E reports, and an automatic bank-transaction import.
Best for: investors who want deep, conventional rental bookkeeping and are comfortable categorizing an imported feed themselves.
Investment metrics like NOI, DSCR, cap rate, and the Portfolio Health Score are calculated from the transactions and leases you enter.4
Same destination, different amount of typing
Both produce a clean set of books. The question is who assembles them.
REI Hub is a genuinely strong accounting product, and on the accounting itself there’s real overlap with Keystone IQ.1 The difference is upstream: a bank feed can’t see that a deposit is rent minus a repair minus a management fee. Keystone IQ reads the packet that explains it and writes the line for you.
Where the real difference is
Four places Keystone IQ goes further, on top of REI Hub’s real accounting depth: the actual product, not a feature checklist.
Short-term rentals get their own metrics, not a workaround
Keystone IQ: Every property is tagged long-term, short-term, or mixed. Short-term doors get ADR, RevPAR, Occupancy, ALOS, §280A tracking, and Schedule E vs C classification, in the same ledger as your long-term doors.
REI Hub: short-term-rental metrics aren’t part of REI Hub’s advertised feature set;1 its real-estate accounting is built around long-term rental categorization, loan tracking, and per-property P&L.
Reads the statement a loan tracker only sees as one line
Keystone IQ: A mortgage payment lands already split: interest and principal booked separately, straight from the statement, no manual entry.
REI Hub: REI Hub tracks loans and runs its own fixed-asset schedule, but reading the PDF statement to split a payment into interest and principal, or reading an owner packet, isn’t advertised as part of its feature set.1
Live investment metrics, on top of the accounting
Keystone IQ: Every transaction lives in one searchable, filterable ledger per property and portfolio-wide, feeding live NOI, DSCR, and cap rate, plus a CPA-ready export covering Schedule E, 8825, and Schedule C.
REI Hub: REI Hub reports P&L and cash flow by property, with a full balance sheet on top: genuinely deeper accounting than Keystone IQ offers. NOI, DSCR, and cap rate specifically aren’t part of what’s advertised.1
The AI looks for money you’re leaving on the table
Keystone IQ: Optimization Opportunities automatically surfaces rent priced below market, vendor spend worth consolidating, and insurance-renewal risk. Each carries an estimated dollar opportunity: options to review, never acted on for you.
REI Hub: automated below-market-rent, vendor-consolidation, or renewal-risk alerts aren’t part of REI Hub’s advertised feature set;1 its tools are the accounting and reporting features above, not a standing opportunity scan.
Keystone IQ vs REI Hub1
| Capability | Keystone IQ | REI Hub |
|---|---|---|
| Real-estate-specific categories | Built in | Built in |
| Bank feed import | Yes: Plaid bank and mortgage sync on Pro | Yes: automatic transaction import |
| Reads PDF owner packets & mortgage statements | Yes: a dedicated AI processor per document type | Not advertised |
| Mortgage interest / principal split | Automatic from the statement or the servicer feed | Loan tracking advertised; automatic statement split not advertised |
| Depreciation | Per-property schedules, 27.5yr and 39yr | Fixed asset schedule with depreciation by property |
| Balance sheet | Not offered: Keystone IQ reports on portfolio performance, not full accounting statements | Advertised |
| Investment metrics (NOI, DSCR, cap rate) | Live per property and portfolio-wide | P&L and cash flow by property |
| Short-term rental metrics (ADR, RevPAR, ALOS) | Yes, alongside long-term rentals in one ledger | Not advertised |
| §280A personal-use day tracking | Yes, against the greater of 14 days or 10% of rental nights | Not advertised |
| Schedule E / tax package | Schedule E, Form 8825 and Schedule C drafts to review with your advisor | Schedule E and tax reports advertised |
| Price shape | Flat: $4.99/mo Starter (up to 5 properties) · $14.99/mo Pro (unlimited) | Free tier; paid plan advertised per unit band (confirm on REI Hub’s site) |
Real-estate-specific categories
Bank feed import
Reads PDF owner packets & mortgage statements
Mortgage interest / principal split
Depreciation
Balance sheet
Investment metrics (NOI, DSCR, cap rate)
Short-term rental metrics (ADR, RevPAR, ALOS)
§280A personal-use day tracking
Schedule E / tax package
Price shape
Comparison basis: publicly available information as of September 2026. Verify current details on REI Hub's own website.1
Switch to Keystone IQ if…
You want the software to do more of the work.
- Your property manager sends monthly owner packets you currently enter by hand.
- You are spending the month categorizing an imported feed rather than reviewing it.
- You run a short-term rental and want per-night metrics in the same ledger as your long-term doors.
- Your door count is growing and you would rather your software price stayed flat.
Stick with REI Hub if…
It's genuinely the right call for some investors.
- You want full accounting statements, including a balance sheet.
- Your bookkeeping is settled, your feed is clean, and categorizing it is not a burden.
- You have a small portfolio and the free or lowest unit band already covers you.
Switching starts from what you already have
No CSV gymnastics. Keystone IQ rebuilds your ledger from the source documents you already keep: statements, owner packets, receipts.
Drop in your PDFs
Historic bank statements, invoices, mortgage statements, and PM owner packets. The AI reads them and drafts your ledger.
Sync bank feeds
Connect your operating accounts and mortgages securely through Plaid for live transaction activity.
Confirm your properties
Add rents, leases, and (if you host) your Airbnb CSV. Forecasts and metrics build themselves.
Export for your CPA2
At tax time, generate a clean Schedule E / 8825 (or Schedule C) export in one click.
Common questions
Is Keystone IQ full accounting software?
No, and that is deliberate. Keystone IQ is built around the investor’s question (what does each property earn, what is it worth, and what does my CPA need) rather than around a general ledger. If you need formal accounting statements such as a balance sheet, REI Hub advertises those and Keystone IQ does not.1
REI Hub already does Schedule E. What am I gaining?
Mostly the data entry, and short-term coverage. Both produce a Schedule E draft;1 the difference is how the numbers get into the books: Keystone IQ reads your owner packets, mortgage statements, and receipts and drafts the entries, rather than asking you to categorize an imported feed. Any tax output on either side is a draft to review with your tax professional.2
How does pricing compare as I add doors?
REI Hub advertises its paid plan in unit bands, so the price steps up as the portfolio grows.1 Keystone IQ is flat ($4.99/mo Starter for up to 5 properties, or $14.99/mo Pro for unlimited) at any door count. Pricing shifts on both sides, so check current figures on each provider’s own site before deciding.
Can I move my existing books over?
There’s no one-click REI Hub importer today. The AI handles it a different way: drop your historic PDF statements and owner packets in, and it rebuilds the ledger from those source documents instead of you re-keying history by hand.
Real product, sample data.
Keep the rigor. Lose the data entry.
Drop in your statements and owner packets, and review instead of type. 14-day free trial, no credit card.
Comparing a specific tool?
Disclosures
- 1.Comparison basis. This comparison is based on our good-faith understanding of REI Hub's publicly available marketing, published pricing, and product documentation as of the date shown (September 2026), and may be incomplete or out of date. Competitor features, pricing, and tiers change frequently and without notice. Verify current details on REI Hub's own website before making any decision.
- 2.Tax. For informational purposes only. Keystone IQ is a software tool for record-keeping and portfolio analytics, not a tax, accounting, or legal advisory service. Consult a qualified tax advisor before relying on any figure for a filing or financial decision.
- 3.Trademarks. REI Hub and all other product names referenced are trademarks of their respective owners. Their use here is nominative and does not imply any affiliation with, sponsorship by, or endorsement by them.
- 4.Investment metrics. For informational purposes only. Not investment, tax, or financial advice.