Pricing – Stessa (2024)

FAQs

What is the rate of stessa? ›

5.09% APY on cash balances.

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!

How Does Stessa Make Money? Stessa earns money by referring users to related services that property owners might use; such as mortgage lenders, insurance companies, and other real estate investing related services. You can purchase a Stessa Rent Estimate for $19.99. I use Rentometer.com to get my free rental estimate.

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.

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.

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.

Stessa Rent Pay makes it easy. Automate your rent collection process with Stessa Rent Pay. Free yourself of all the hassles related to collecting rent with Venmo, PayPal, Zelle, cash, and paper checks.

We are thrilled to share that Stessa has been acquired by JLL Spark, a division of JLL, a global leader in real estate and investment management.

Click the one labeled "Split" icon at the bottom fo the page and then enter details for each transaction you'd like to create. If you need to split it more than two ways, click "Add Split." You can split a single transaction into as many as twenty (20) child transactions with this feature.

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.

Does stessa allow multiple users? ›

Stessa is designed to handle multiple portfolios (under a single account), each of which can be shared with different users if you like. For your specific need, you'll want to arrange your Properties into three separate Portfolios, via your Portfolios page.

Stessa was founded in 2016 and acquired by the JLL Spark division of JLL in 2018. The company is headquartered in San Francisco.

In general, a good ROI on rental properties is between 5-10% which compares to the average investment return from stocks. However, there are plenty of factors that affect ROI. A higher ROI often also comes with higher risks, so it's important to compare the reward with the risks.

xu “Transfers > Down Payments” is probably where you want to categorize earnest money. It's not an asset or an expense, it's part of the purchase/acquisition. The asset here is the property, which is typically then valued and reported on the Balance Sheet at its current market value.

FDIC protection: For consumers with large balances, cash management accounts make it easy to keep money safe by offering FDIC insurance on balances of up to $1 million or more, after the funds arrive at a program bank.

Stessa is a real estate performance tracking platform designed for landlords. Its founders are Heath Silverman and Jonah Schwartz. Stessa was created in 2016 and is based in San Francisco, CA.

Price-to-rent ratio of less than 15: It's cheaper and more affordable to buy versus rent. Price-to-rent ratio of 16-20: Leans towards renting as a better option over buying. Price-to-rent ratio of over 21: By renting you are making a much better personal finance choice.