Ultimate Stessa Review: 10 Best Rental Property Manager Apps (2024)

FAQs

Is Stessa really free? ›

Stessa is free to get started. Upgrade any time to unlock advanced tools.

Use the Stessa app to easily scan and track property-related receipts on the go in a few clicks. Getting started on Stessa is fast, easy, and free to get started. Add your properties, link your financial accounts and watch your metrics dashboard come to life—accessible on both desktop and mobile.

Stessa can connect to your mortgage account and pull data in real-time. Your monthly payments, principal balance, late fees, escrow information, and other mortgage-related information all feeds into your Stessa account automatically.

Real estate investors use rental property software to accurately track property performance. Key financial metrics used to monitor performance of a rental property include NOI, cap rate, cash flow, and cash-on-cash return.

All Connections are Read-Only

Secure banking connections made through the Stessa platform are always a one-way street. No one (including you) has the ability to create an actual transaction, move funds, or otherwise alter your banking settings through the Stessa platform.

Yes, Stessa does indeed offer rent collection. When you sign up for Stessa and enable Stessa Rent Pay, your tenants can pay directly via ACH. Best of all, there are no fees for you or your tenant!

Stessa online rent collection uses Plaid to check banking credentials and connect directly to the checking or savings account(s) your tenant would like to use to pay rent. Here's a quick overview of Stessa's online rent collection functionality: Deposit type: ACH. Deposit times: 2 to 5 business days.

It's easy to get your vacation rental up and running on Stessa. Just use the new Airbnb file importer to quickly populate your income and expense ledger. Then use Stessa's short-term rental categories to track investment performance and stay organized for tax time.

Do Stessa cash management accounts accrue interest? Essentials is a free plan and Pro is a premium plan. Annual Percentage Yield (APY) of 3.14% on deposit accounts for new Essentials users signing up and 5.09% for the Pro users is accurate as of December 1, 2023.

Stessa is an accounting and portfolio management software for rental property investors and landlorrds. It allows users to easily track the performance of their real estate investments, manage expenses and income, and generate detailed financial reports.

Does stessa track depreciation? ›

The real estate balance sheet feature on Stessa automatically tracks depreciation expenses, along with property value and the outstanding mortgage balance, to provide a more accurate idea of owner's equity.

The Stessa Balance Sheet feature periodically updates property value based on the current market conditions and keeps track of property debt in real time by linking to an investor's mortgage account.

Analyzing the 4-3-2-1 Rule in Real Estate

This rule outlines the ideal financial outcomes for a rental property. It suggests that for every rental property, investors should aim for a minimum of 4 properties to achieve financial stability, 3 of those properties should be debt-free, generating consistent income.

Generally, the higher the cap rate, the higher the risk and return. Market analysts say an ideal cap rate is between five and 10 percent; the exact number will depend on the property type and location.

The calculation is the following one: rate of gross profitability = 100 x (monthly rent x 12) divided by the Purchase price of the property. The purchase price also includes expenses relative to this acquisition (solicitor, real estate agency, credit).

Do Stessa cash management accounts accrue interest? Essentials is a free plan and Pro is a premium plan. Annual Percentage Yield (APY) of 3.14% on deposit accounts for new Essentials users signing up and 5.09% for the Pro users is accurate as of December 1, 2023.

Stessa may share your personal information with third parties in ways that constitute “sales” under the California Consumer Privacy Act. As a California Resident, you may request that we not sell your personal information on a going forward basis by completing the form below.