Release Notes
Stay up to date with what’s new in RealBooks. We ship updates regularly — new features, performance improvements, and fixes based on investor feedback.
April 2026
Section titled “April 2026”Released April 4, 2026
New Features
Section titled “New Features”- PennyAI Reporting — Ask PennyAI questions in plain language and get instant answers with supporting data. Generate custom reports, summaries, and insights without navigating menus. Available on all paid plans.
- IRS Form 4562 Auto-Generation — Depreciation schedules are now auto-generated and available on DIY’er plans and above. Includes straight-line and accelerated depreciation (when cost segregation is applied).
Improvements
Section titled “Improvements”- Bank transaction syncing is now faster — most institutions sync within 2 hours (previously 4-6 hours)
- Improved receipt scanning accuracy for handwritten and faded thermal paper receipts
- Portfolio dashboard now shows year-to-date performance metrics alongside all-time totals
- Entity switcher is accessible from all pages, not just the dashboard
- Fixed an issue where duplicate transactions could appear after reconnecting a bank account
- Resolved formatting issues in exported PDF reports where long property names were truncated
- Fixed Schedule E calculations for properties acquired mid-year (first-year partial depreciation)
March 2026
Section titled “March 2026”Released March 7, 2026
New Features
Section titled “New Features”- Cost Segmentation Schedule — AI-powered cost segregation analysis that reclassifies property components into shorter depreciation schedules. Available as an add-on for paid plans, included with Executive. See Cost Segmentation.
- Rehab Estimator — Estimate project costs before starting a rehab. Break down by room or scope area, get PennyAI-assisted cost ranges, and create projects directly from estimates.
- PennyAI Loan Processing — Upload closing disclosures, promissory notes, or loan statements and PennyAI extracts the key terms automatically.
Improvements
Section titled “Improvements”- Redesigned project management board with drag-and-drop status updates
- Expense split workflow now supports splitting across more than 3 properties
- Improved PennyAI HUD statement parsing for complex commercial closing disclosures
- Added bulk approve action for transaction review (approve multiple PennyAI suggestions at once)
- Resolved an edge case where PennyAI HUD statement parser skipped prorated property tax lines
- Fixed an issue where custom attributes were not appearing in exported CSV reports
- Corrected cap rate calculation for properties with zero recorded expenses
February 2026
Section titled “February 2026”Released February 14, 2026
New Features
Section titled “New Features”- Email Invoicing — Forward invoices to your RealBooks email address. PennyAI parses the invoice and creates an expense entry automatically with vendor, amount, line items, and due date.
- Ad Hoc Reporting — Create custom reports with flexible filters: date range, entity, property, category, and custom attributes. Save report configurations for reuse. Available on paid plans.
- Custom Attributes — Add custom fields to properties and entities to track data specific to your portfolio (market, property class, rehab status, etc.). Available on paid plans.
Improvements
Section titled “Improvements”- Transaction review page now loads 2x faster for accounts with 500+ pending transactions
- PennyAI expense categorization accuracy improved by 12% across all accounts
- Added “split transaction” shortcut from the transaction list view (no longer need to open the detail page)
- Property detail page now shows linked projects with budget status inline
- Fixed an issue where budget alerts triggered for archived projects
- Resolved a display bug where NOI showed as negative when no expenses were recorded
- Fixed CSV export encoding issue affecting property names with special characters
January 2026
Section titled “January 2026”Released January 10, 2026
New Features
Section titled “New Features”- PennyAI Expense Processing — Imported bank transactions are now auto-categorized by PennyAI with property and entity suggestions. Review and approve with a single click.
- Receipt Scanning — Upload or photograph receipts. PennyAI extracts vendor, amount, date, and category. Available on all paid plans.
- Budget Management — Set spending budgets per property, entity, or category. Track actual spend vs. budget with alerts for overages.
- Bank Linking — Connect bank accounts, credit cards, and mortgage accounts for automatic transaction import.
Improvements
Section titled “Improvements”- New onboarding flow guides first-time users through entity creation, property setup, and bank linking
- Dashboard redesigned with portfolio summary cards (total value, equity, NOI)
- Property list now supports sorting by any column
- Fixed timezone-related issues where transactions appeared on the wrong date for West Coast users
- Resolved an issue where the property search didn’t match partial addresses
December 2025
Section titled “December 2025”Released December 6, 2025
New Features
Section titled “New Features”- RealBooks Launch — Initial release of the RealBooks platform with core features:
- Asset Management — Track properties, entities, valuations, loans, and documents
- Expense Management — Manual expense entry and categorization
- Project Management — Rehab and renovation tracking with budgets and status workflows
- Tax Reporting — IRS Schedule D, E, F, Forms 8949, 8582
- Standard Reporting — Profit & loss, expense summary, portfolio overview
- User Management — Owner, Manager, and Viewer roles
- Five pricing tiers — Free, Bird Dog ($5/mo), DIY’er ($10/mo), Mogul ($15/mo), and Executive (custom)