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What Is Stessa?

Stessa is the #1 real estate app for landlords, based on App Store downloads and ratings. We’ve been helping rental property owners and operators eliminate the busywork and maximize returns since 2016. Free yourself from the endless tyranny of manual tasks. Track income and expenses seamlessly, draft leases, screen tenants and collect rent online, simplify tax time, and use real-time dashboards to manage smarter and faster. Join 200,000+ landlords using Stessa today!

Who Uses Stessa?

Stessa helps rental property owners of all sizes manage their portfolios more efficiently and profitably. Our platform is designed to scale seamlessly alongside your ambitions as an investor.

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Reviews of Stessa

Average score

Overall
4.6
Ease of Use
4.5
Customer Service
4.4
Features
4.3
Value for Money
4.5

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
Eric
Eric
Property Manager in US
Verified LinkedIn User
Real Estate, Self Employed
Used the Software for: 2+ years
Reviewer Source

Stessa is a game changer for the independent rental owner.

5.0 4 years ago

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.

Nick
Owner in US
Real Estate, Self Employed
Used the Software for: 2+ years
Reviewer Source

Fantastic Software

5.0 3 years ago

Comments: I think this is the best thing out there. Everything about Stessa is top notch from the product itself to the customer service.

Pros:

Its easy to use, their is no guess work. I like the banking integration, tenant ledgers, general ledger, balance sheet, income statement, cash flow and every other report you could need. The best part for me is the year end package it generates for my tax guy.

Cons:

I'd like to see the ability to update the RE Tax PIN number. Although customer service is excellent and will make any updates you need quickly.

Scott
Managing Member in US
Real Estate, 2–10 Employees
Used the Software for: 6-12 months
Reviewer Source

Great Product we highly recommend.

5.0 last month New

Comments: We are every satisfied and use of the product everyday

Pros:

The ability to manage our entire portfolio, primarily on our mobile devices.

Cons:

Some minor upgrades would be helpful, like renaming of expense categories.

Marty
Managing Partner in US
Real Estate, 2–10 Employees
Used the Software for: 6-12 months
Reviewer Source

Ok for main stream, struggles to adapt

3.0 2 years ago

Comments: It's ok. we wouldn't pay for it, not remotely. But it seems like they're trying to grow their business by solving the big problems only and ignoring the "small" ones. We will keep with them at least until the end of the year for ease of tax reporting, but will seriously look at other options as December rolls around.

Pros:

Look, it's free, we get that. And it has added value to our business. But their inability to resolve a seemingly simple issue after 5 months is inexcusable.

Cons:

For a software company, they are surprisingly not agile. Two examples:- For every nearly transaction that comes through, we have to attribute it to the property/tenant in spite of the amounts and ledgers being exactly the same every month. It appears the only AI they use is a checkbox that ties a bank account to a property. That's great for loans, but it should be able to handle rents too. - We can go on mint.com and enter all the log in credentials and that gives us every balance of every card. Stessa has continuously struggled with adding some credit cards attached to one of my banks. We have reached out to them for the better part of a year off and on and they seem perplexed and unable to wrap their heads around it. Now, after 5 months of us staying on them about it, they've ghosted us, or given us the "yeah we're working on it." If it's that hard to do, how can another company just do it with ease?

Jim
Co-Owner in US
Real Estate, Self Employed
Used the Software for: 1+ year
Reviewer Source

Right tool for the job

5.0 2 years ago

Comments: After using Quickbooks for a few years, this program is a breeze and intended just for rental management, so not any clutter to have to work through or modify.

Pros:

Pre set up for rental properties with all the categories, tax reports (my tax preparer loves it), etc. Bank transactions transfer into Stessa automatically Rent collection option, which I haven't begun using yet but intend to

Cons:

Split transactions appear on the ledger as individual transactions rather than true splits, which makes reconciliation a bit challenging sometimes. Cannot split transactions with the mobile app, only desktop