Is Ramp Good for Real Estate Companies?
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Ramp is known for corporate cards and expense control, so real estate owners often ask whether it fits a property company or a deal LLC. The short answer: it can, if the company holds enough cash and wants card and bill controls. Facts below come from Ramp's own pricing and support pages, read on November 3, 2026.
What Ramp offers
Ramp's pricing page lists a corporate card with unlimited cards on every plan, bill pay by check, ACH, card and wire, invoice reading and approval workflows on the Free plan, and a business checking account. Ramp lists the checking account at 2% APY on eligible funds (variable, as of the date shown on its page), with no fees or minimum deposits, and free wires and same-day ACH through bill pay.
For a real estate company, the practical uses are vendor payments (contractors, insurance, software), cards for property managers or on-site staff with limits you set, and receipts and approvals your bookkeeper can follow.
How deposits are protected
Ramp says it is not a bank. Deposit services come from First Internet Bank of Indiana, Member FDIC. Checking deposits are placed through IntraFi's ICS service, which can provide pass-through FDIC coverage across network banks up to the legal maximum. Ramp's separate Investment Account is not a deposit product and is not FDIC insured. Keep operating cash in checking. See FDIC deposit insurance.
Where Ramp falls short for real estate
- No property tools. It does not collect rent, run leases or hold security deposits. That stays in your property manager's software.
- Approval is not automatic. The card is subject to credit approval, and limits depend on factors such as cash balance and cash flow.
- A balance floor. A company with less than $25,000 across its linked accounts will not meet Ramp's stated requirement.
- Entities only. Individuals and sole proprietors are not accepted, so a rental LLC with an EIN is the right shape.
- Unknowns. Ramp's pages do not say whether any industries are excluded or how long approval takes. Ask Ramp support if that matters to you.
Who should look at Ramp
A property company or sponsor LLC that keeps a larger balance, pays many vendors and wants cards with limits and bill approvals. If you expect less than $25,000 on deposit, see Mercury first.
Which one does DoorRaise suggest?
DoorRaise uses one simple cutoff: how much the company expects to keep on deposit. DoorRaise suggests Ramp by default. When the company will keep under $25,000 on deposit, it suggests Mercury. Both are fine, and you can choose either. A new deal LLC cannot open Ramp before closing (Ramp needs at least $25,000 in cash), so it opens Mercury first to receive the closing funds and can move to Ramp after closing. Ramp's own support page says an applicant needs at least $25,000 in cash across the U.S. business bank accounts linked to the application, which is why the line sits there. DoorRaise deal accounts follow the same suggestion: with Mercury, DoorRaise tracks payouts automatically; with Ramp, distributions go through DoorKeeping's ACH payments or a payout file you upload to Ramp.
Open a Mercury account or apply for Ramp. DoorRaise may earn a referral reward if you sign up through these links.
Related guides: Bank accounts and cards and Mercury or Ramp for property owners.
How DoorRaise fits in
DoorRaise helps sponsors raise equity for apartment buildings from their friends and followers under Rule 506(b) or 506(c), with verified accredited investors only. Investors' purchase money goes into escrow at Enterprise Bank & Trust by wire only, and wire instructions appear once escrow is open. The deal's operating account at Mercury or Ramp is a separate account that you open for the LLC and use after closing. Fees: $1,500 to set up (non-refundable), then $5,000 a year from closing (only if the deal closes). See pricing or how it works.
FAQ
Does Ramp work for a rental property LLC?
It can, if the LLC is registered in the U.S., has an EIN and a U.S. physical address, and meets the $25,000 cash requirement on its linked accounts.
Is Ramp a bank?
No. Ramp says it is not a bank. Deposit services are provided by First Internet Bank of Indiana, Member FDIC.
Does Ramp need a personal guarantee?
Ramp's support page says it does not require a personal guarantee. The card is still subject to credit approval.
Sources
This article is general information as of November 2026, not legal, tax, banking or investment advice. Provider details come from each provider's own public pages, read on November 3, 2026, and change often, so confirm them before you apply. Ask your own lawyer and accountant. DoorRaise is not a law firm, broker-dealer, investment adviser or funding portal.