Stessa, a Roofstock subsidiary and leading software solution to help landlords optimize and better manage their rental property portfolios, has surpassed $100 billion in total asset value tracked on the platform with over 190,000 investors using Stessa to manage more than 800,000 units. As the robust finance platform continues to grow, exceeding $1 billion in assets added each month, Stessa will now offer customers the option to upgrade to Stessa Pro to access new and advanced tools purpose-built for real estate investors.
Available now, Stessa Pro is a paid subscription starting at $16 per month that provides even more automation and integrated tools. The upgrade includes sophisticated reporting dashboards, collaboration tools, unlimited Smart Receipt scans, and a significant interest rate boost with 4.55% APY on Stessa Cash Management balances1.
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“With the addition of Stessa Pro, Roofstock offers investors further visibility and control of their real estate investment portfolios,” says Gary Beasley, CEO and co-founder of Roofstock. “For investors looking to save time and money, Stessa Pro is going to be the go-to solution for rental property owners – from taxes to reporting to cash management.”
With tax season approaching, one of the most valuable benefits of Stessa Pro is the ability to automate accounting efforts and generate a tax package ready to send to an accountant, saving investors time and money. By harnessing the power of machine learning and automation, Stessa Pro software reads, categorizes, and organizes, accurately recording deductions in nearly real-time. With current market conditions, tracking the performance of one’s investment properties has become increasingly vital for rental property owners. Stessa connects directly with banks, lenders, and property managers to provide transaction data in real-time. The most important financial metrics are at your fingertips, whether working at your home office or on the go with Stessa’s mobile app.
Stessa Pro members can further streamline portfolios and increase returns with a high-yield checking account through Stessa Cash Management. Upgraded customers enjoy no minimum or maximum cash management balance, no account or transaction fees, and can send outgoing wires for $5 each. Account holders also receive 1.10% cash back on debit card purchases.
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“Stessa is very easy to use and organize; it’s the best asset management app in the business. Out of ten other ‘highly-recommended’ platforms, this is by far the most user-friendly and accommodating,” says Jay Fujiki, a Stessa Pro customer. “For investors who keep their own books, the Stessa Pro tax package will save a ton of time and money come April.”
“Not only does Stessa Pro offer an APY that is hard to beat, but the combination of automated bookkeeping, accelerated rent payments, and a one-click Schedule of Real Estate Owned (SREO) is a huge time-saver for busy investors,” says Heath Silverman, co-founder of Stessa and now VP of Retail Product at Roofstock. “New additions like a Schedule E worksheet coupled with Balance Sheet and Capital Expense reports, organized at both the property and portfolio levels, are also extremely valuable as we are in the midst of tax season.”
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