All Forum Posts by: John Vietmeyer

I’m still having a great experience with stessa but have not cashed out.  ~4% interest is too good.  I did once have to login w/ a PC vs phone to change an account which was a bit annoying but found support responsive.  

I use Stessa to self manage 8 properties. Plenty of reports and they essentially pay me with 4+% interest on associate accounts. Free option available too.    

I hatted book keeping until I started using Stessa.  All expenses get imported automatically and I tag what it does not automatically categorize for me.  Takes a few min a week managing 8 rentals. 

Without a PM you can afford to pay top dollar for service professionals as needed.  Electrician, plumber, etc.  appliances are usually easier to replace.  Have contractors coordinate directly with tenant on repairs and do a few trips a year to catch all the loose ends.  

thanks for helping justify my decision to stay with Stessa.  Stessa is not perfect but I like the capability, love the %5 interest rate on my associate account and have found the support honest and effective.  I use it for expense tracking (which is great) and have been transitioning to rent collection/cash management.  

I’ve always used my smart move for background checks.  Guess it does not make sense to have a prospective tenant run their credit/background when it’s included in their Zillow application?   Anyone ever been scamed? 

Smart not putting all your trust in the flood map, they can be wrong and do change. Pine trees are a good indication of buildable land.  Not sure much is safe in Charleston though.  Good to build on highland and raise if needed.  

I’m pleased with stessa for expense tracking and more recently rent collection.  Getting over 5% return when using their banking partner so working to transition all my properties over for rent collection.  

I don’t need help often but have had good luck with customer service when needed.  

I’m using stesssa and am very happy.  It seems they are continuing to refine their processes but I’ve found their support responsive and have not had any issues since it was set up when they first offered the service ~2 years ago.   They are currently swapping g partners for banking which may create some hassles but the interest rate is exceptional and promised to stay sane or better.  Think I’m getting over 5% recently.  I’m also stuck on their expense tracking functionality, which I’ve used for 4-5 years, so it only makes sense for me to collect revenue on the same platform.  

Yes, i established an opp zone partnership and purchased the property 2-3 years ago for ~$135k.  I then put ~135k into renovations and rented it out. I used capital gains from another property and some of my own funds to do the deal.  I don’t have any financing, and get ~$3k a month in rent.

I know it's not big money for a segregation study but I could add another ADU and sell without capital gains in -8 years