About Stessa

Stessa is a real estate accounting software designed to help businesses track and manage investments, finances and documents across rental properties on a unified dashboard. Administrators can use the platform to centralize details about single-family, multi-family and short-term rental properties, gauge portfolio performance at various levels and generate monthly reports on income, expenditures and cash flows.

Features of Stessa include financial management, receipt scanner, bookkeeping, tax preparation, balance sheets, personalized dashboard, real-time alerts and more. It offers a tenant ledger, which helps landlords set up lease dates, automatically add rent charges to the ledger, track transaction history and adjust charges using custom con...


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Supported Operating System(s):

Web browser (OS agnostic)

50 Reviews of Stessa

Average User Ratings

Overall

4.78 / 5 stars

Ease-of-use

4.5

Value for money

5.0

Customer support

5.0

Functionality

4.5

Ratings Snapshot

5 stars

(44)

44

4 stars

(3)

3

3 stars

(2)

2

2 stars

(0)

0

1 stars

(1)

1

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 50 results

January 2021

User Profile Picture

Eric from Silk City Apartrments

Verified Reviewer

Company Size: 1 employee

Industry: Real Estate

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

January 2021

Stessa is a game changer for the independent rental owner.

Pros

Stessa offers the most intuitive, purpose-built rental property financial software that I’ve come across. Far too many colleagues of mine are still either using overly complicated general accounting software, or worse, tracking everything manually in Excel. Stessa not only allows me to automate the majority of my bookkeeping, but the real time reporting functionality allows me to monitor the performance of my assets and catch anamolys much quicker. While other property management software may offer expense tracking or basic accounting features, Stessa’s exclusive focus on the financial aspect of rental property ownership allows them to offer a far more robust feature set and innovate at a faster clip.

Cons

As a single-entry accounting system, it comes with all the drawbacks associated with that method of accounting (no cross-checking, greater potential for error, no tracking of real accounts, etc.). This was an intentional design decision, however, as this software is geared to be more user friendly for the average rental owner. While it lacks the sophistication of a double-entry system, Stessa has come up with innovative ways to simulate certain aspects of a double-entry system through features like a derived Balance Sheet report using user provided asset values and debt information.

May 2019

Daniel from Proverbs 21:5 Investments

Verified Reviewer

Company Size: 1 employee

Industry: Real Estate

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Functionality

5.0

May 2019

Really helpful for portfolio analysis and organization

This has helped me categorize and organize without me having to "reinvent the wheel" trying to set up a spreadsheet in line with the tax code.

Pros

This software takes all the input and then collates it and calculates it giving you an analysis of individual properties as well as the portfolio in general. It helps me as a newer investor to categorize my transactions which I suspect will be very helpful when it comes to tax season. I like the mileage tab as well as I was bad about recording my mileage and this tab serves as a reminder for me. I'm very excited to see how helpful and effective the software is when it comes to tax time!

Cons

So far I have no complaints at all about this software.

Reasons for Choosing Stessa

I have used both Stessa and Quicken for comparison for the last 6 months. I'll be dropping my Quicken subscription when the time for renewal comes. Stessa is more intuitive, easier and convenient

February 2021

Bryan from KT Capitals

Company Size: 1 employee

Industry: Public Safety

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

February 2021

Incredible value

Stessa makes tracking all aspects of owning rentals easy. Incredible

Pros

This platform nails real estate management basics and is ever evolving to include new useful features like tad preparation documents.

Cons

No cons! Great team and product! Continual development of new features. The dev team is open to customer requests and acts on feedback.

Reasons for Switching to Stessa

Stessa is a superior product in every way and only getting better

January 2019

Nancy from Nancy Anderson Design

Company Size: 1 employee

Industry: Design

Review Source: Capterra


Ease-of-use

1.0

Value for money

1.0

Customer support

1.0

Functionality

1.0

January 2019

Nope. Not gonna do it.

See above

Pros

None- I never got that far. Maybe it's good, but I won't give out sensitive into to a stranger

Cons

As a landlord with multiple properties, I thought this might be a handy tool, so I began the sign up process. Until they asked for my banking info. What?? What do they need that for? Not happening. I'm out.

Response from Stessa

Replied January 2019

Hi Nancy - Linking a bank account to Stessa is safe and completely optional, and this is clearly explained during the sign up process. While secure bank connections are the most seamless way to automatically track rental property income and expenses, Stessa also allows users to create transactions manually or via data file uploads. For users who do choose to link accounts, Stessa uses technology similar to sites such as Mint and Personal Capital to link up with thousands of US based banks and credit unions. In any event, we're sorry to hear that Stessa isn't for you and wish you luck finding an alternative that meets your needs.

January 2021

Stephen from ASHPEE Holdings

Company Size: 1 employee

Industry: Real Estate

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

4.0

Functionality

5.0

January 2021

Perfect for Rental Owners

My accountant loves it and it saves me hours of manual entry. As an added bonus, I have critical information in real time that can help me make good decisions for the future. Haven't really even scratched the surface on this part but it's all there.

Pros

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 considered categories they provide. Multiple locations and units are also accounted for. You can add or sell buildings, add or replace tenants, run targeted reports including exporting the year end to your accountant and graphically view your performance which is generated by your data. Even more powerful, you can auto import entries from bank account, credit accounts, whatever. Once you're up and running, all your data is entered for you to edit or delete as needed. Saves a ton of time. Oh, did I mention it's free??? Don't know what the long range plan is, but this software won't cost you a dime. It makes QB look tired and cumbersome, not to mention annoying, which it really has become over the years.

Cons

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.