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Updated almost 4 years ago on . Most recent reply

User Stats

20
Posts
3
Votes
Alex Geesey
  • Rental Property Investor
  • Denver, CO
3
Votes |
20
Posts

Stessa vs. QuickBooks vs. Other???

Alex Geesey
  • Rental Property Investor
  • Denver, CO
Posted

I've been looking through the forums over the past couple days to try and find an answer, but haven't really come across many posts that are more recent. I am looking into accounting/bookkeeping software to use for my rental property business (LLC), and I was wondering what people preferred? I currently do not have any properties yet, and when I do I will be hiring a property manager. I would like to scale up to at least 40 single-family and small multi-family homes.

I saw a lot of posts ranging from 1-5 years ago that recommend QuickBooks Online Plus, but it seems pretty pricey for only trying to obtain at least 3 properties within the next year, and Stessa is the only other competitor that I can find detailed reviews on. The only thing that I don't like about Stessa was the wording in the terms that said that you authorize them to have power of attorney, and it's not very clear on what specifically they would use it for. 

If you use or know someone that has used any of the programs below, what are your thoughts on me using them for my situation? Any other options that you might recomend? 

Stessa

Rentastic

TenantCloud

Rental Hero

QuickBooks Online Plus

  • Alex Geesey
  • Most Popular Reply

    User Stats

    37
    Posts
    15
    Votes
    Alexander Kleyman
    • Rental Property Investor
    • Sterling Heights, MI
    15
    Votes |
    37
    Posts
    Alexander Kleyman
    • Rental Property Investor
    • Sterling Heights, MI
    Replied

    I am kind of in the same situation as you, small # of properties currently but want to be on the right track from the start. So I use Stessa for all the financial accounting and TenantCloud for more of the property management and rent collections. I pay $9/month for TC as it provides ability to do digital leases. I found that TC is not as detailed for financials.

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