![]() The company does offer optional, premium services for a fee, such as rent analysis. ![]() Stessa is free, with no annual subscription fees or hidden charges. Tracking income and expenses is extremely simple, generating real-estate-specific financial reports is quick and easy, and online document storage keeps important information, like leases and closing statements, safe and secure. Stessa is specifically designed for real estate investors and provides features that all rental property owners need in one place. Here are some of the key similarities and differences between Stessa and Quicken, to help you decide which accounting software is the best choice for rental property accounting. Accounting and reporting functions for rental property are more limited with Quicken, and the version designed to manage rental property must be downloaded to a computer with Windows operating software.Īlthough Quicken may not be the best choice for real estate investors for a number of reasons, many people are familiar with the program because it was first launched about 30 years ago, so it’s still worth taking a look at. The program offers many of the features that Stessa does, but for a recurring annual fee. Criteria used to select Stessa as the best overall reporting and accounting tool for landlords included income and expense tracking, financial reporting, and tax preparation.īy comparison, Quicken is personal finance software that can be adapted for real estate business use. Stessa is also ranked as the best accounting software by Landlord Gurus, a company that provides advice to landlords and real estate investors. Investors can track single-family rentals (SFRs), multifamily properties, and short-term rentals (STRs) and real estate portfolios. Setting up an account with Stessa is quick and easy and can be done in just a few minutes. The software is specifically designed for rental property owners, and, because Stessa works entirely online, the program can be used with any computer operating system. Stessa is cloud-based, can be used with any computer system, and is free. Both programs can be used to automatically track income and expenses and generate financial reports. Stessa and Quicken provide accounting software that can be used by real estate investors to track rental property performance.
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