Stessa Reviews

“Great looking tool

Pros

It's incredibly simple to use. If you can't figure something out, there's not much searching required to find the solution.

Cons

The CSV upload feature is confusing. It needs more columns so that I don't have to modify each upload to place the item in its proper subcategory. Interestingly when you download the CSV all the columns are present.

“Best income property software on the market!

Pros

This software is so much simple and comprehensively tracks everything related to our rental properties. I particularly appreciate that each property is individually tracked and can be viewed collectively through various reports.

Cons

It would be great to have a Rent Roll report available, organized by property and portfolio.

“Great software to manage and review properties

Pros

Stessa is an online, web based platform that pulls in all available information.

Cons

It can be a bit challenging to link all accounts with consistent imports.

“Really helpful for portfolio analysis and organization

Pros

This software takes all my input, collates and calculates it and provides an analysis of individual properties as well as the entire portfolio. As a new investor, it helps me categorize my transactions, which will be incredibly helpful during tax season. I also love the mileage tab, as it serves as a reminder to record my mileage accurately. I'm excited to see how helpful and effective this software will be during tax time!

Cons

So far I have absolutely no complaints about this software.

“Now and invaluable tool for my real estate investing business

Pros

First and foremost, it's completely free to use. By entering all my property data, it provides various metrics and can synchronize transactions with my bank account. Moreover, I can also invite fellow investors and partners to view specific properties, which greatly simplifies my reporting requirements.

Cons

The only downside for me is that I can't access the mobile app in Canada.

“Stessa for Real Estate Owners/Investors

Pros

Stessa is an intuitive software that streamlines information for real estate investors and owners.

Cons

The interface could be more visually appealing.

“If you value your time; sign up for Stessa.

Pros

It's a one-stop shop that helps me stay more organized.

Cons

The platform is generally intuitive. The only drawback is that it's not available on Google phones.

“Infinite ROI

Pros

It fantastically organizes and maintains the ledgers for each of my real estate investments. It's like having Quicken specifically for real estate investors. It eliminates the need for separate checking accounts for each investment. During tax time, Stessa provides invaluable year-end reports. It's also the perfect place to store relevant lease information, including digital copies of leases, move-in/out dates, tenant names, rent, market rent, and more. The best part is that it's completely free!

Cons

I would like the ability to link external banking accounts to obtain a better estimate of net worth. There's truly nothing about the software that I dislike.

“Stessa for the small business

Pros

The value you get from the free version is immense. With Stessa, I've eliminated the need for 4 or 5 spreadsheets. I would highly recommend it, without a doubt.

Cons

They are still addressing some features that currently require workarounds.

“Excellent Product and Customer Support

Pros

This free software from Stessa works wonders for tracking expenses. Whenever I encountered an issue, it was promptly resolved, showcasing their top-notch customer service. I will definitely recommend Stessa to other investors.

Cons

The lack of a Stessa app makes it challenging to manage on the go.

“Just what the doctor ordered. No-one is doing this!

Pros

Having everything updated directly from the source saves me a lot of time. I used to spend countless hours updating spreadsheets, but now I have the time to focus on property managers, analyze expenses, and make informed decisions. Stessa also provides key performance indicators that offer a high-level overview of my business.

Cons

Investors shouldn't have to start from scratch. There should be a way to input previous years earnings. This software is more geared towards cash flow. It would be beneficial to show the effects of flippers.

“Mint for Real Estate

Pros

I love the look and feel of the dashboard, the integration of multiple online data sources, and the ability to track cashflow, equity, taxes, and more.

Cons

Some connections to small banks are not yet available.

“Software

Pros

This software is perfect for managing my rental properties. It's the best tool I've used in my 13 years of owning rentals.

Cons

There is nothing that I don't like about this company.

“Property Management Software

Pros

The setup process is quick and easy. The interface is designed specifically for property managers and provides accounting and bookkeeping using terms familiar to us. It's effortless to track expenses and capture everything for expense allocation and audits.

Cons

I have a few additional feature requests: - a historical view of the property instead of just a point in time - the ability to leverage for audits if necessary - the option to capture receipts before the transaction appears on my credit card statement - storing the image until a matching transaction is available - integration with OWA from RentManager.

“Amazing Tracking and Reporting

Pros

What I like the most is the ability to track everything in a neat and professional-looking software that automatically generates reports and tax preparation documents. Previously, I had to manually keep all my records in a spreadsheet, which was time-consuming. Stessa's automated features have saved me a tremendous amount of time.

Cons

With all the hacking incidents happening these days, I feel a bit uneasy about connecting my financial institutions to the website. However, I understand that it enables automation, and I trust Stessa to keep my information secure.

“High quality and easy to use

Pros

It's incredibly easy to use. Whenever I had questions, I reached out to customer support, and they provided quick and helpful responses. Stessa is truly helping me stay organized with my small but growing portfolio of rentals.

Cons

It would be fantastic to have integration with a mileage log. I'm also eagerly awaiting the Android app.

“Great solution to start with, added benefits keep growing

Pros

Stessa allowed me to move away from manually entering transactions for multiple properties in Excel. The dashboards and additional functionalities, such as enhanced reporting, blogs, and downloads, are fantastic. The team at Stessa responds directly to your questions, and their work is outstanding!

Cons

I joined in the second half of last year, and at the time, the backlogged entries only went back a couple of weeks. I had to manually enter all the transactions from the first half of the year, but it wasn't too difficult. If I had started at the beginning of the year, it wouldn't have been an issue.

“Great product all around

Pros

I closely track my expenses to identify areas that can be optimized, especially for tax purposes.

Cons

Along with the cap rate, I would be interested in seeing additional return metrics. It would also be great if the expense categories were customizable.

“Stellar Platform with Amazing Customer Service and Great Regular Content

Pros

The ease of use, integration with my current banking systems, and the focus on real estate investors are remarkable. I was initially planning to extensively modify Quickbooks to make it work like Stessa, but Stessa eliminated all that work and offers a beautiful user interface compared to QBO or my rigid Excel sheets!

Cons

Some features are still being developed (for example, they recently implemented new functionality to demonstrate sale proceeds from a flip and are working on integrating it with reporting). However, the software is incredibly simple to use, and whenever I've had a question, I've received a detailed answer within 24 hours.

“So far so good!

Pros

As a relatively new user of this tool, I appreciate the visibility it offers for my rental property/portfolio in terms of different performance metrics. It reminds me of a hybrid between Mint and Personal Capital, specifically tailored for rental properties. I see great potential in this platform and look forward to its future developments.

Cons

I appreciate how this tool allows me to export various financial reports for different time periods. However, I wish the exported spreadsheet provided all the details of the summary data. Additionally, the exported data appears to be only text, without any formulas. So, if I want to modify any of the tables, I can't.