San Francisco: Software company Stessa, a portfolio tracking platform for rental property investors, has launched a suite of features to help landlords manage their portfolios in one place.
The platform has seen significant growth over the past year, and individual investors now rely on Stessa to gain visibility into over $25 billion in rental real estate investments.
Fueled by investor demand, added features include tracking short-term rentals, automatically categorizing transactions with machine learning, and a more efficient way to organize real estate documents so they’re easily accessible at all times. .
Additionally, Stessa has added a net cash flow table that details investment performance, advanced collaboration features, and an automatic tax package to help investors complete their rental tax returns.
Stessa CEO and Co-Founder Heath Silverman said, “By providing powerful free tools to the individual investor, Stessa makes it easier for owners to track their real estate investments.
“There has been incredible enthusiasm from the investment community, and we are very excited to expand the platform to include Documents in addition to financials and reports. Our goal is to give real estate investors more visibility with less effort so they can make better decisions and grow,” he added.
Incoming features include:
Short-Term Rental Tracking: Investors can capture, analyze, and report vacation rental financial results alongside buy-and-hold investments, as well as import transactions quickly and easily with the Airbnb File Uploader.
Real Estate Documents: Securely store files such as leases, offers, contracts, insurance and legal documents in one place with access from anywhere via a cloud with unlimited storage.
Collaboration advancements: Investors with partners can now share transactions and documents, while rental property owners can collaborate on financial details and share files with partners, brokers and lenders.
Real estate alerts: Alerts are set up to notify you when an important event occurs or requires special attention, such as renewal of leases, collection of rents and payment of property taxes.
Tax Package: The software package generates the reports investors need to prepare their rental property returns as well as full transaction details for the year.
Net Cash Flow Chart: The chart allows investors to view the performance of their investments at the portfolio and real estate level over a twelve month period.
Mobile app enhancements: Investors can now keep up to date with performance and spend on the go with Stessa’s iOS app upgraded to include comprehensive dashboard reporting, more accurate scanning of receipts and better categorization options.
Automatic transaction categorization: Stessa categorizes transactions without any manual input using machine learning.
Resources for Investors: All registered Stessa users will have free access to valuable resources created by experts to help them operate and grow their portfolios, such as top tax deductions and new investment tax laws.
Stessa, which was founded in 2016, wants to democratize real estate as an asset class and streamline the full lifecycle of real estate ownership.
As Americans invest in real estate to build wealth and gain financial independence, the platform seeks to provide investors with modern, efficient software that makes it easy to track financial details, understand performance, and organize documents. .
For more information, visit the Stessa website here, where real estate investors can create a free account.