Stessa Software To Manage A Real Estate Portfolio

[Zachary Metler]

Hey BP. Searching for a more sophisticated software that provides real time data and helps manage a real estate portfolio. I've heard of Stessa on a few podcasts and a friend of mine recommended it. Looks like it was acquired by JLL and seems pretty legit. Also individual investors can use the software for free. Has anyone used this or know anyone that has? Please share!

[Jesse S.]

I only have 2 properties and I was using Excel to manage them. I manually entered 9 months of income/expense info into Stessa and even connected my mortgage bank to my Stessa account. After all that work I was somewhat underwhelmed. Sure Stessa had pretty charts and graphs, but I found the reporting functionally really frustrating. They were great at proformas, but their YTD P&L only went to NOI and I couldn't add the mortgage payment in to see a visual of what my actual monthly cash return was. Perhaps its user error on my part (but I doubt it!). Maybe if all of your income/expense info was linked it would be super helpful to automate your life, but I'm sticking with Excel for now.