Avis clients sur Stessa

Stessa is a game changer for the independent rental owner.

Avantages :

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.

Inconvénients :

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.

Fantastic Software

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

Avantages :

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.

Inconvénients :

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.

Great Software for Real Estate

Commentaires : Excellent Software

Avantages :

Easy of use fantastic GUI.Dashboard has all the necessary basic information

Inconvénients :

The Connection with YODLEE is not good and needs tweaking.Different log in credentials still bring the bank institutions to the wrong log in.

Beware- unresponsive customer service

Avantages :

Data tracking, ability to compare statistics and metrics

Inconvénients :

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.

Great Value & Tracking Tool

Commentaires : 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.

Avantages :

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

Inconvénients :

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

Right tool for the job

Commentaires : 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.

Avantages :

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

Inconvénients :

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

Ease of Use

Commentaires : Able to pull reports quickly and professionally.

Avantages :

The ability to track every important metric used by investors in real estate.

Inconvénients :

I wish the system would track owner financing deals

Really helpful for portfolio analysis and organization

Commentaires : 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.

Avantages :

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!

Inconvénients :

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

RE investor? You need to start using Stessa!

Avantages :

The ease of income and expense tracking allows you to take control of your business. By linking accounts or adding transactions as you go, Stessa does the rest - generating all the reports you'll ever need, making tax time a walk in the park.

Inconvénients :

It would be nice to allow another user, like a partner or manager, to login with their own credentials and have limited(or full) accessibility to the your data.

Easy to use and fantastic customer service!

Commentaires : 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!

Avantages :

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

Inconvénients :

Nada. They continue to update and improve the functionality!

Best software for the price of FREE

Avantages :

This is just a really well thought out application that allows you to track every and all expenses for the property. It can assign tags to all expenses to track them for each unit.

Inconvénients :

I really wish they would offer lease management in a way where you can create and edit the leases on the app and tenants can esign the leases.

Easy to use

Avantages :

Stessa is easy to use and keeps me organized. At tax time I am not scrambling to get information to my accountant.

Inconvénients :

No cons, I love this software and it allow me to focus on my business

Great for finding a tenant then you try to collect rent

Avantages :

The rental application process is simple

Inconvénients :

Rent collection. They fail to tell you to use it you have to use THEIR checking account. So you jump through hoops to set up a checking account you dont want. Then you try to get the money out of the account you didnt want in the first place and its a nightmare. And every problem is not their problem its your problem or your banks problem. Customer service is non existant. I wish I hadnt already asked my tenant to pay through them.

Makes my life so much easier!

Avantages :

The easy expense and income tracking and that it's linked directly to our bank accounts.

Inconvénients :

Mileage and depreciation tracking would be nice but not necessary. CPA's do that.

Incredible value

Commentaires : Stessa makes tracking all aspects of owning rentals easy. Incredible

Avantages :

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

Inconvénients :

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

Great looking tool

Commentaires : I'm pretty satisfied with it. How can you complain about something with no cost to it?

Avantages :

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.

Inconvénients :

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.

Now and invaluable tool for my real estate investing business

Avantages :

First of all, it's free to use, and by inputting all your property data it gives you a number of different metrics and can sync transactions with your back account. I can also invite other investors and partners to view certain properties, which makes my reporting requirements a lot more seamless.

Inconvénients :

Only con for me is that I can't get the mobile app in Canada.

Very nice platform

Commentaires : Really like it. I had built my own excel sheets but this combines all properties together which is really nice for broad view of my portfolio.

Avantages :

Ease of use. I was able to link my bank accounts and it sends all the transactions through which I can then categorize. Also nice that they have a phone app so I can quickly categorize items on the go. They are also very responsive with any questions and helped me retroactively add my own excel sheets to capture the full year

Inconvénients :

There is a little bit of front end work but that’s going to be the case no matter what... I would like to program certain monthly items to auto categorize which I think is an option but have not looked into as of yet.

Amazing Tracking and Reporting

Commentaires : I just started using it today so I haven't yet reaped the full rewards.

Avantages :

What I like most is the ability to track everything in a neat and professional looking software that automatically creates reports and tax prep documents. I had been keeping all of my records in a spreadsheet which made it very manual. This software has a lot of automated features that save a lot of time.

Inconvénients :

It makes me a little bit nervous connecting my financial institutions to the website in light of all the hacking going on these days. However, it's what allows a lot of the automation and I'm putting my trust in Stessa to keep myinformation safe.

Issue with bank integration

Avantages :

Very intuitive user interface. Free. Logically thought workflow.

Inconvénients :

I agree with a few other reviews about opening up the financials of the company to this software. It does not allow to filter rent if you have connected personal accounts for personal properties. Also, it lacks seamless integration with the bank on a daily basis. You have to pull data manually every time you use it. Two-step authentication via text message would have been a better option rather than an authenticator. Reports generation is not enough. Needs more integration of property management tasks.

Simple to Jump Straight Into!

Commentaires : It's been a stress relief to be able to handle my expense tracking on the go - confidently!

Avantages :

I could easily import my Excel spreadsheet of past transactions. Their instructions on the proper formatting for converting it to csv were easy to follow and I was both impressed and happy that months of transactions were imported seamlessly and in minutes. Their customer service is also responsive - which is a huge win!

Inconvénients :

Would be nice to have the option to show the notes about a transaction in the main "feed."

Very happy with it

Avantages :

Keeps all info in one place and easier to use and track than excel

Inconvénients :

Takes time to initially enter all data but worth it after you do it

Stessa is a must have tool for your REI portfolio

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

Avantages :

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.

Inconvénients :

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

Mint for Real Estate

Commentaires : Moved from excel sheets to a completly automated tracking system online with Stessa. Basically an online accountant with minimal user input required. Ability to see problems, and access overall Real Estate Portfolio performance, as well as track expenses, taxes, and cashflow.

Avantages :

Dashboard look and feel, incorporation of multiple online data sources, tracking for cashflow, equity, taxes, etc.

Inconvénients :

Some connections to small banks not available yet.

High quality and easy to use

Avantages :

Easy to use. Have reached out several times to customer support with questions and received quick helpful responses. Really is helping me stay organized with my small but growing portfolio of rentals.

Inconvénients :

I would love to see this integrated with a mileage log. Also really looking forward to the Android app.