Stessa Review – Pros And Cons: How To Manage Rental Assets

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What Is Stessa Stessa is a cloud based Rental Asset Management software. One of the biggest mistakes landlords make; is not running their rental properties as a business.

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Stessa is used for tracking the time and expenses over the course of property ownership. But it is more important to see how your rental properties are performing.

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In addition to tracking rents and outgoing mortgage payments; landlords track all financial transactions.

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How Stessa Works

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Stessa Review: Pros * All financial transactions categorized neatly. * Real estate-related income and expense categories are built directly into the transactions ledger, as is quick reporting to help you (or your CPA) prepare Schedule E and Form 8825 tax forms. * iOS app to capture and scan property-related invoices and paper receipts.

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Stessa Review: Cons

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* Stessa does not have tools yet to manage tenants. It would be great if it could also be used for tenant screening, rent collection along with sending automated reminders. At present, it integrates with AppFolio for these activities.

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Swipe Up for more about Stessa Review – Pros And Cons: How To Manage Rental Assets

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Stessa Review – Pros And Cons: How To Manage Rental Assets

What Is Stessa Stessa is a cloud based Rental Asset Management software. One of the biggest mistakes landlords make; is not running their rental properties as a business.

Stessa is used for tracking the time and expenses over the course of property ownership. But it is more important to see how your rental properties are performing.

In addition to tracking rents and outgoing mortgage payments; landlords track all financial transactions.

How Stessa Works

Adding Properties In Stessa * Select the number of properties you wish to manage using Stessa. * Enter your property address and Stessa pulls in all relevant property details from Zillow. * If any of the details are incorrect you can modify it.

Stessa Review: Cons

* Based on the amortization schedule of your mortgage payment; the amount applied to Principal and Interest changes each month. Stessa currently does not automatically split the monthly mortgage payment between principal, interest, escrow.

* Stessa does not have tools yet to manage tenants. It would be great if it could also be used for tenant screening, rent collection along with sending automated reminders. At present, it integrates with AppFolio for these activities.

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