Stessa Reviews

Stessa software is the easiest program to manage my rental properties I love that once I set up a property profile and connect my bank account that manages that specific property, Stessa automatically uploads my transactions and sends me a notice to review transactions. Then monthly I get an update about whether I had positive cash flow. I love this program and can easily move between seeing all of my properties collectively or individually if I need to drill down even deeper. This program is a no brainer for anyone owning or managing multiple properties.

This was a little confusing setting up the initial property details, but once I got used to where things were in the program and how to add the information it was alot more friendly for me.

I have used QuickBooks for years but got tired of the barrage of come-ons and sticky marketing techniques they use on customers. It seemed every time I opened the program, there would be new hoops to jump through if I wanted to do any actual work. Stessa is designed from the ground up for rental property owners. You enter income and expense items, that's it. All items fall under one of the carefully...

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This is not a property management platform in the sense that you can schedule maintenance and track hours. However, you can capture and import invoices so your records are all in one place.

I like the interface, very easy to use. The reporting is nice.

It lacks so many features that you need as a property manager. You have to connect it to bank and credit card accounts to get it to work. So if you have petty cash accounts or anytime up manual transactions that are paid from specific accounts it won't work. Its transaction base which is fine, and you can associate a transaction with a property but you can't associate a transaction with an account,...

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It is easy to set up and use. Very user friendly.

Issues with data sources disconnecting.

Very useful software specifically developed for real estate managers, makes accounting smooth and efficient by pulling bank transactions and creating ongoing graphs and reports

For my specific situation, there’s an issue with repeatedly having to refresh the bank connection but that’s because my bank is not as sophisticated as other mainstream banks that are better supported by the protocol that imports the transactions

Ease of use: It works the way it should. Automation: Once set up, the transactions of the download from owner each owner portal (when you own several properties), and bank accounts. User experience is similar to mint.com. Visibility: it creates a consolidated dashboard for the portfolio, and derivative clean graphs, giving perspective and showing trends. Amazing Customer support: hats-off to the reps, who have answered 10+ "hard questions". I only ask "hard questions" since the FAQ is also excellent. - Insightful newsletter.

No Cons per se. Just two humble recommendations. Users of Stessa would benefit tremendously if it: - it offered a function for marketing the property (i.e. find tenants or buyers). Stessa being a repository of information (location, yr built, sq footage, pictures), a few clicks should allow spreading​ the good news throughout the specialized sites (Craigslist Zillow, Trulia, Redfin, local websites...) - kept historical records of the tenant roll. Currently, it only offers a picture at the present time.

This is super easy to use and set up. The software walks you through property set up one question at a time. You don’t have to know a lot about accounting or accounting software, but it is evident the software is setting up a structure for you to monitor and track the transactions of your real estate investment(s) and be able to pull financial reports at the end of the year for your accountant. I use it once a month. It takes me less than 5 minutes to enter the transactions and I’m done!

There are no options for assigning HOA fees in the “money going out” category. I lump them under the Management fees section. It would be nice to be able to categorize HOA fees in their own world.

Ease of use. And great for tracking expenses.

Would like to be able to download more credit cards.

Quick and ease setup. Interface is designed for property managers - provides accounting and bookkeeping using the terms familiar to property managers and owners. Easy to track the expenses and capture everything for expense allocation and audits.

A few additional features requested: - historical view of the property instead of just point in time - enable leveraging for audits if needed - enable capturing receipt before the transaction comes through the CC to Stessa - store the image until matching available - integration w/ OWA from RentManager

Easily track and update my rental portfolio. They help me track expenses and made tax time a breeze

New product that is still missing some features. Have to jump through some hoops to account for sold properties.

This app is amazing. It’s the first platform that has allowed me to manage our entire portfolio directly from my phone if I want to. I can track all expenses and directly import from the bank, and assign to each property and even a specific unit.

I wish the transaction importing would occur in real time directly, versus having to log in and refresh the transactions.

After years of struggling to keep my RE tax prep files in order, STESSA did in just a few months that other programs could not do in 10 years! It’s the complete package without the complexities!! Mark

No issues..each feature especially the tax prep package is invaluable!

1. Having everything update directly from the source saves me alot of time. I previously spent countless hours updating spreadsheets. Now I have time to drill down on property managers, analyze expenses and make decisions. 2. Can provide key performance indicators used to provide a high-level overview of the state of the business

1. Investors are not starting from scratch. Need a way to input previous year's earnings. 2. This is more gear to cash-flow. Would like to show the effects of flippers.

Ease of use, integration with current banking systems, and focus on real estate investors. I was planning to drastically manipulate Quickbooks to make it work like Stessa - Stessa basically eliminated all of that work AND has a gorgeous user interface compared to QBO or my rigid Excel sheets!

Some features are still in the works (e.g. they just implemented new functionality to demonstrate sale proceeds from a flip, and are working to integrate to reporting) - but that's it. Really, it is INCREDIBLY simple to use, and any time I've had a question I've gotten a detailed answer within 24 hours.

- Ease of use for product - Visualization of overall portfolio - Reports especially schedule of RE

- no integration with Buildium - no double entry accounting system

This software is easy to use and comprehensively tracks everything related to our rental properties. I especially love that each property is tracked separately and together in various reports.

It would be nice if a Rent Roll report was available, by property and by portfolio.

The customer service! [SENSITIVE CONTENT HIDDEN] always got back to me within 24 hours. Great n very patient w all my questions. Didn’t make me feel dumb. Taxes will be much easier this year. You’ve given my accountant hope and his sanity back, lol. Love the reports the app gives you from transactions info!!

Wish the transactions could show on my laptop. It would be much easier for setting up reports. With my vision getting worse as I get older, it’s hard to read the numbers. I have to enlarge the numbers to read it. A lot of scrolling.

This free software from Stessa works wonderfully for tracking expenses. When I had an issue, it was resolved immediately so customer service is top notch as well. Will definitely recommend Stessa to other investors.

There is no app for Stessa which makes it difficult to manage on the go.

The easy of easy and the tax packages is increible

Sometime i need to check the same expenses several time before came on automatic

The value you get out of the free version is immense. I have eliminated 4 or 5 spreadsheets with stessa. Would recommend 10/10

They are still working through some features that currently need a work around

The dashboard allows me to quickly see my equity, cashflow, vacancy, debt, expenses etc for all my portfolios. Great software! I also am excited to have my accounting integrated all in one place.

Things that I know the Stessa developers are working on: Android App, Email Receipt functionality and other features. I think this product will just get better and better!

This is a incredibly easy to use software to manage your property rentals. The expense categories break down into subcategories so you know exactly where your money is going and why. Everything you need to know or keep track of is at your fingertips in a simple, yet effective format.

Thus far, I have no cons. Everything about this software has exceeded expectation.

It's free! It allows you to do so much and is very easy to use. The user interface is straightforward and it will definitely make tax time a breeze.

It would be great if they could add a feature that allows you to scan in your documents through the app. They have it for your receipts but not for documents.

pulls in financial transactions allows receipts to be attached to transactions provides strong visuals of expenses and cash flows

there are return metrics I'd be interested in seeing in addition to cap rate expense categories aren't customizable.

Stessa has changed how I track my real estate related expenses and boy is life better. I have been able to put more time into investing and less into worrying about tracking expenses.

I would like more granular control of what I can share with investors.