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Stessa vs. Rental Hero: A Head-to-Head Comparison for 2024

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by Jeff Rohde, posted in Investment Strategy

Rental property reporting and accounting software helps landlords to keep track of income and expenses, monitor the financial performance of rental property, maximize potential profits by identifying opportunities, and simplify tax preparation.

In this article, we’ll look at Stessa—a Roofstock company—and Rental Hero, including the pros and cons of each software, to help you decide which is the better choice for your rental property business.


How Stessa and Rental Hero work

Stessa and Rental Hero both provide accounting software solutions specifically built for rental property owners and real estate investors. However, there are key differences between them.

Stessa is rated among the best accounting software for rental property. Investopedia recognizes Stessa for offering the best value for rental property owners, while Landlord Gurus recognizes Stessa for providing the best overall reporting and accounting tools for landlords.

Stessa offers a wide variety of essential features to manage your rental properties for free. Users can create as many properties and bank accounts as needed, generate unlimited financial reports, and export their transaction data to Excel as often as they like.

For access to more sophisticated features, Stessa offers paid plans as well (covered below).

Rental Hero costs $9.95 a month, billed at $119 per year, after a 30-day free trial period.

Rental Hero may be a good choice for rental property owners looking for basic accounting software to automatically keep track of income and expenses via linked bank and credit card accounts. 

The Rental Hero software can generate a profit-and-loss statement, including detailed transaction information, but does not offer other key financial reports, such as real estate balance sheets and tenant rent ledgers. 


Stessa overview

Stessa is a tool for rental property financial management, designed by and for real estate investors. 

Software from Stessa is used by tens of thousands of real estate investors and property managers to track over 250,000 rental properties with a combined asset value of over $60 billion.

In 2021, Stessa was acquired by Roofstock, a leading online platform that real estate investors use to complete more than $5 billion in single-family rental (SFR) transactions in less than 6 years. 

Feature summary

  • Sign up for a free account online, enter basic property information, and link banking and mortgage accounts.
  • Automatically track property income and expenses, mortgage balances, property values, and owner’s equity.
  • Monitor the financial performance of an unlimited number of SFRs, multifamily properties, and short-term vacation rentals at the property and portfolio levels, and an unlimited number of tenants.
  • Monitor key financial metrics in real time, including occupancy, net operating income, cash flow, asset return, outstanding mortgage debt, and total portfolio value.
  • Collect rent online with free ACH transfers (other payment options coming soon) and a recurring payment option for tenants, as well as the ability to collect late fees.
  • Upload your document, tag it for digital signatures, and send it to tenants, vendors, partners, and others to sign. 
  • Perform tenant screening on Stessa through RentPrep and handle rental applications within the platform.
  • Get automated real estate balance sheet updates to assets and liabilities—including property values and mortgage and bank account balances—to report owner’s equity.
  • Generate financial reports, including income and cash-flow statements, capital expense reports, real estate balance sheets, and rent rolls to gain real-time performance insights.
  • Collaborate with business partners, family members, and lenders by granting different levels of account access to each user.
  • Use iOS and Android apps to scan, upload, and track expenses on the go.
  • Use secure, online document storage for all important real estate documents, such as income and expense receipts, tenant lease agreements, property closing statements, and insurance policies and riders.
  • Export tax-ready financials and claim free resources from the Stessa Tax Center, such as a free tax package and a TurboTax discount exclusively for members of the Stessa Community.


Stessa is recognized as providing the best value to rental property owners and for offering the best overall accounting and financial tracking software. Landlords and property managers can generate key financial reports, including income statements, cash-flow reports, capital expense statements, real estate balance sheets, and tenant rent rolls.

Stessa also makes it easy for tenants to pay on time, and automate key tasks like deposits, receipts, and accounting.

Stessa brings more value to investors by offering additional services, such as online mortgage and insurance quotes from trusted third parties, the Stessa Tax Center, and optional premium services for market research and rent analysis.


Stessa provides a complete accounting solution for real estate investors and adds value with additional products and services. 

But, there are some property management features the software does not currently provide, such as property marketing and maintenance request processing.


Stessa’s tiered pricing structure offers a variety of features for different budgets and needs:

($12/mo when paid annually)
($28/mo when paid annually)
Track propertiesUnlimitedUnlimitedUnlimited
DashboardsKey metrics onlyKey metrics onlyFull chart history
Property manager connectionsUnlimitedUnlimitedUnlimited
Document & receipt storageUnlimitedUnlimitedUnlimited
Organize & manage portfolios11Unlimited
Shared account accessYesYesAdvanced ownership metrics
Advanced transaction trackingNoNoYes
Smart receipt scanning5/month5/monthUnlimited
Manual expense trackingYesYesYes
Automated bank feedsUnlimitedUnlimitedUnlimited
Budgeting & pro-forma analysisNoNoYes
Project expense trackingNo No
Reporting levelBasicBasic
Full data exportYesYesYes
Accountant tax packageBasicPlus Schedule EPlus CapEx
High yield Cash Management3.14% APY*3.14% APY*5.09% APY*
FDIC insured up to $2.5M/entityYesYesYes
No minimum balanceYesYesYes
1.1% cash back on purchasesYesYesYes
Accelerated rent paymentsNoComing SoonYes
Automated reminders and late feesYesYesYes
Tenant autopayYesYesYes
Tenant ledger and rent rollYesYesYes
Tenant ACH fee waivedNoNoYes
Vacancy advertisingYesYesYes
Syndication to ZillowYesYesYes
Tenant applications & screeningYesYesYes
Lease templateNoYesYes
eSign leases, contracts, etc.No1/month7/month
60+ Forms and templatesNoYesYes
Basic supportYesYesYes
Priority chat supportNoYesYes
Live phone supportNoNoYes
Get StartedGet StartedGet Started

You can always start with the Essentials plan and upgrade to a paid plan as your portfolio expands and your needs evolve.


Rental Hero overview

For $199 a year, Rental Hero provides many—but not all—of the features and benefits that Stessa provides for free. The company was founded in 2017 by the team behind Realtyzam, a website that provides online accounting software for real estate agents.

Rental property accounting software from Rental Hero is designed to help rental property owners easily track income and expenses for an unlimited number of rental properties and tenants, including single-family homes, multi-unit properties, short-term and vacation rentals, and storage units.

Rental Hero has been used to track over $630 million of rental property expenses and growing, according to the company’s website.

Pricing structure

Rental Hero costs $9.95 a month, billed annually at $119. 

The company offers a free 30-day trial period with no credit card required. After 30 days, a user can enter a credit card number to pay for an annual subscription to Rental Hero or allow the account to go inactive. 

There are no set-up or cancellation fees, and, if a user decides to stop using Rental Hero, data can be downloaded whenever a user wants.

Feature summary

  • Custom-built for rental owners to track income and expenses and do accounting
  • Works with single-family homes, duplexes, multi-unit properties, short-term rentals (STRs), Airbnbs, and storage units
  • Accommodates unlimited properties, units, tenants, reminders, document storage, notes, and bank linking
  • Supports properties in different limited liability companies (LLCs) and other companies
  • Tracks income and expenses on a per-property and per-unit basis
  • Texts and emails reminders to tenants and owners
  • Generates separate profit-and-loss reports for each property or unit
  • Links to thousands of banks and credit cards to upload transactions to Rental Hero and autocategorize each morning
  • Offers an option for manually entering transactions into Rental Hero
  • Scans, uploads, and stores receipts from a computer, tablet, or phone with an iPhone or Android mobile app
  • Provides bank-level security to protect  personal information and business data 


Rental Hero is an intuitive, easy-to-use, basic online accounting software that is custom-built for rentals and rental property owners. The software works with computers, tablets, and mobile phones.

It works with an unlimited number of companies, tenants, and properties, including SFRs, multifamily properties, and short-term and vacation rentals. Income and expense transactions are automatically uploaded from linked bank and credit card accounts each morning and autocategorized, eliminating the need to manually enter data in most cases. 


While there may be a lot of things to like about Rental Hero, there are also a couple of significant drawbacks:

  1. Price: An annual subscription to Rental Hero costs $119 a year, after a 30-day free trial period. 
  2. Reports: Rental Hero is not a complete accounting system. Although it can generate profit-and-loss reports, other key reports, such as real estate balance sheets, cash-flow statements, capital expense reports, and tenant rent ledgers, are not available.


How to decide: Stessa or Rental Hero?

Stessa and Rental Hero provide software solutions for rental property owners, but there are some significant differences between them, such as price and features.

While Stessa has a robust free plan, Rental Hero is priced at $9.95 a month, billed at $199 per year, after a 30-day free trial. 

When it comes to financial reporting, Rental Hero users are limited to profit-and-loss reports. Stessa users can generate numerous financial reports throughout the month and at the end of the year, including income and cash-flow statements, capital expense reports, real estate balance sheets, and tenant rent ledgers.

You also get access to a much larger scope of tools that landlords need to run the day-to-day of their rentals.


*Stessa is not a bank. Stessa is a financial technology company. Terms and conditions, features and pricing are subject to change. This article, and the Stessa Blog in general, is intended for informational and educational purposes only, and is not investment, tax, financial planning, financial, legal, or real estate advice.


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