Stessa

4.5 (97)
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Smart accounting software for landlords.

Overall rating

4.5 /5
(97)
Value for Money
4.5/5
Features
4.2/5
Ease of Use
4.5/5
Customer Support
4.3/5

87%
recommended this app
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97 Reviews

Patrick
Patrick
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Two thumbs up for Stessa: What-gets-tracked-gets-improved made easy.

Reviewed on 2019/01/17

Awesome.

Well worth the time inputting​ the data.

Awesome.

Well worth the time inputting​ the data.

Pros

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.

Cons

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.

Sarah
Overall rating
  • Industry: Real Estate
  • Company size: 2–10 Employees
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Easy to use and fantastic customer service!

Reviewed on 2019/11/24

Stessa helped me keep track of the accounting side of our real estate so we can easily give all the...

Stessa helped me keep track of the accounting side of our real estate so we can easily give all the information to our accountant at the end of the year. It also makes it possible to quickly see a snapshot of our portfolio performance - no more waiting until the end of the year to see how we did!

Pros

Stessa makes it easy to look at the performance of my real estate portfolio.No more manual math in Excel for me!

Cons

Nada. They continue to update and improve the functionality!

Bob
Bob
Overall rating
  • Industry: Real Estate
  • Company size: 2–10 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

Beware- unresponsive customer service

Reviewed on 2023/09/20

Pros

Data tracking, ability to compare statistics and metrics

Cons

I initially liked the app, but now the company has gone completely unresponsive- my money is locked in n account which they deleted. I received emails with links to add information, then links said information was already received. I cannot even get a person to call me after weeks of effort via email and online submission. It’s as if my money is held hostage. I spent so much time setting this up, and they have proven to care nothing about me as a customer and now I’ve wasted countless hours. Steer clear of this app, as I now will.

Todd
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Amazing App For New Real Estate Investors

Reviewed on 2019/08/06

This has really helped me start organized as I start up our real estate investing portfolio.

This has really helped me start organized as I start up our real estate investing portfolio.

Pros

I love the ease of use and ability to connect to my business checking account as well as my business credit card.

Cons

Inability to do split transactions and didn’t know how to pull reports until recently.

Alternatives Considered

QuickBooks Enterprise

Reasons for Switching to Stessa

It was real estate specific so way easier to categorize expenses and income.
Ritchie
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Monthly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Love this site

Reviewed on 2019/07/28

Pros

This site has really helped me manage my rental properties much more easily and efficiently.... all of my accounting and info about interest rates/insurance/etc are all easily accessible in one spot. And their reports make it all easy to quickly review. Also great for doing my taxes.

Cons

Doesn't yet integrate with enough small banks, so I have to manually upload my transactions ever month via Excel.

Destiny
Overall rating
  • Industry: Real Estate
  • Company size: 2–10 Employees
  • Used Monthly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Likelihood to recommend 10.0 /10

Simple, User-Friendly Expense Tracker for Rentals

Reviewed on 2024/10/21

Pros

I use it primarily to track income and expenses for rentals and so far it's been a very useful tool. It's user-friendly and allows me to easily categorize expenses. I actually really appreciate the simplicity of the app, sometimes using apps with robust features makes everyday use overwhelming. And obviously this app makes tax season easier.

Cons

Sometimes I feel like the preset categories for expenses are not as comprehensive as I need them to be.

Cami
Cami
Overall rating
  • Industry: Real Estate
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 10.0 /10

A must have software program for Landlords

Reviewed on 2020/04/09

Overall, I can not imagine my life without Stessa now. My partner and I currently have 9 rental...

Overall, I can not imagine my life without Stessa now. My partner and I currently have 9 rental properties with a goal to grow to 15 properties in the next year.

Pros

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.

Cons

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.

Derrick
Derrick
Overall rating
  • Industry: Investment Management
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Great financial software tool for investors

Reviewed on 2021/12/01

Positive experience to track trends and help with forecasting for portfolio

Positive experience to track trends and help with forecasting for portfolio

Pros

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

Cons

- no integration with Buildium
- no double entry accounting system

Nicholas
Nicholas
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great service that continues to improve

Reviewed on 2019/01/28

Fantastic! They have been responsive and very helpful with every question I've had. Highly...

Fantastic! They have been responsive and very helpful with every question I've had. Highly recommend to everyone!

Pros

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

Cons

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

Scott
Scott
Overall rating
  • Industry: Real Estate
  • Company size: 2–10 Employees
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Amazing Dashboard and Accounting Software for Investors

Reviewed on 2019/06/15

Stessa is allowing me to stay on top of my rental property business by seeing the numbers in a...

Stessa is allowing me to stay on top of my rental property business by seeing the numbers in a intuitive way. It makes my life easier and also excites me to see all the properties performance.

Pros

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.

Cons

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!

Joel
Overall rating
  • Industry: Real Estate
  • Company size: 2–10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Great Value & Tracking Tool

Reviewed on 2023/07/13

With Stessa I can store all the financial, insurance and legal documents. I can enter and save and...

With Stessa I can store all the financial, insurance and legal documents. I can enter and save and categorize every income and expense. I have a database of information that I can pull from or print. I have all the financial and business metric reports that I would ever need by various time periods. I love Stessa.

Pros

I like that I can store data, numbers, documents etc in a one stop shop.

Cons

It needs some expansion of categories and sub categories to cover common line items that it presently doesn't cover.

June
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great product

Reviewed on 2023/04/24

Excellent

Excellent

Pros

Ease of use. And great for tracking expenses.

Cons

Would like to be able to download more credit cards.

Verified Reviewer
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

New Free Tier is Insulting and A Joke... Horrible Decision

Reviewed on 2023/02/06

Pros

I used to love Stessa.. And the new Pro features would be great - if they didn't charge $20 per month and downgrade the features of the Free tier...Extremely disappointed in Stessa whom I've been with for years. Will be switching as soon as I decide who the best free option is

Cons

Horrible value at the new Pro Tier.. And the Free features have been stripped to basically not helpful. Very disappointed

Verified Reviewer
Overall rating
  • Industry: Real Estate
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Accounting and financial reports with a click

Reviewed on 2022/08/29

Pros

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

Cons

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

Alternatives Considered

TenantCloud

Switched From

QuickBooks Online
Jonathan
Overall rating
  • Industry: Real Estate
  • Company size: 2–10 Employees
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Likelihood to recommend 10.0 /10

This software made us grow our business

Reviewed on 2021/11/22

This software has changed my business. I have started 5 other business with it and they all love...

This software has changed my business. I have started 5 other business with it and they all love it. Best thing I have ever used. It has been a year that we have been using it and it still blows my mind every time we use it.

Pros

I love how all our property and tenant data is located in one place for all the team to see. It keeps track of our money in and out and lets us know what we are spending on each property. Helps us as armature's understand real estate a lot better since we can always see the numbers

Cons

I wish the reporting could be customizable and the only reason I say this is because I would like more simple reports.

Luis
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Highly recommend Stessa!

Reviewed on 2022/12/16

Very satisfied with features, ease of use, and overall performance. Highly recommend it.

Very satisfied with features, ease of use, and overall performance. Highly recommend it.

Pros

Easy to set up, easy to use. Went from using spreadsheets to using Stessa and made a huge difference in productivity and accuracy. Loving it!

Cons

I just wish there was a way to add/modify categories.

Alternatives Considered

RentRedi

Reasons for Switching to Stessa

Cost and recommendations on BiggerPockets
Maria
Overall rating
  • Industry: Medical Practice
  • Company size: Self Employed
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 9.0 /10

Stessa is a must have tool for your REI portfolio

Reviewed on 2021/11/23

I am very happy in the utilization of this software. Very happy to have found it.

I am very happy in the utilization of this software. Very happy to have found it.

Pros

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.

Cons

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

William
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Property Management Software

Reviewed on 2019/03/19

Holistic view of the property valuation and cash flow. Tracking expenses and providing required...

Holistic view of the property valuation and cash flow. Tracking expenses and providing required profit and loss for accounting.

Pros

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.

Cons

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

Rick
Overall rating
  • Industry: Computer Software
  • Company size: 2–10 Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Essential tool for real estate investors

Reviewed on 2021/09/13

Pros

I like how Stessa connects to my property management company, and to my banks. It's great to see my portfolio snapshot. The tax package is also very useful and saves me a lot of time during the tax return prep.

Cons

Nothing really I dislike. But it would be useful to have a functionality that allows to split the multi-family units into their own units for reporting purposes. Admitted, it's my fault to have started with one property for a multi-unit one.

Viola R
Viola R
Overall rating
  • Industry: Hospitality
  • Company size: 2–10 Employees
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 10.0 /10

GREAT for my small business

Reviewed on 2022/07/18

Pros

I love the import feature. Great for tracking and maintaining a balance of accounts and ability to separate and class properties.

Cons

There really isn't anything I don't like. Maybe if I could create folders without adding a property.

Jason
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great looking tool

Reviewed on 2019/06/02

I'm pretty satisfied with it.

How can you complain about something with no cost to it?

I'm pretty satisfied with it.

How can you complain about something with no cost to it?

Pros

It's pretty simple to use. If you can't see what to do, there isn't much to search around for to figure it out.

Cons

The upload CSV feature doesn't make any sense. It needs more columns, that way I don't have to go and massage every upload to get the item into its proper subcategory.

Interestingly though when you download the CSV, all the columns are there.

Heather
Overall rating
  • Industry: Real Estate
  • Company size: 2–10 Employees
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Best income property software on the market!

Reviewed on 2019/05/29

I submitted the 2018 reports to our accountant and he loved them. So much easier than the Excel...

I submitted the 2018 reports to our accountant and he loved them. So much easier than the Excel spreadsheet and shoebox of receipts!

Pros

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.

Cons

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

Roger
Overall rating
  • Industry: Real Estate
  • Company size: 2–10 Employees
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Making life easier

Reviewed on 2019/06/10

Stessa has made the monitoring and managing of my multi-family rentals very easy. It gives you a...

Stessa has made the monitoring and managing of my multi-family rentals very easy. It gives you a nice snapshot of your properties performance at any time.

Pros

The software allows me to easily manage my multi-family rentals. Transactions can be automated and or easily entered manually.

Cons

I do not have any cons at the moment with this software.

Miguel H
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Monthly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

The easys way for handling my rental apartments

Reviewed on 2020/02/27

i came from a excell table , the experience with with stessa have been great in many ways, 2-3...

i came from a excell table , the experience with with stessa have been great in many ways, 2-3 hours a month. I only have 2 apartments , but now i planning to buy another.

Pros

The easy of easy and the tax packages is increible

Cons

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

Patrick
Overall rating
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Stessa for the small business

Reviewed on 2019/05/04

Pros

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

Cons

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