Clearing loan amount for paid-off property

We recently started renting our 2nd home, which is already paid off. Being a newbie in Stessa, when I created that property record, I added the original loan amount, which now keeps showing in the valuation. I have been trying to find the settings to clear it so it no longer distorts the valuation, but have not been able to find it. I checked the Financials & Assets as well as details for the property, but don’t see the loan value I had originally entered.
Any help is appreciated.
Thanks

I tried adding a screenshot for this about 6 days back, but it keeps showing “awaiting approval”. :frowning:

@jaiminswita Let’s try this:

  1. Go to “Properties” tab
    image

  2. Select property in question

  3. Select the tab “Financials & Assets”

  4. You should see the mortgage on the right side. Click the vertical 3 dots. Select delete.

Let us know if it goes away.

-Tom

www.realcentsorganized .com

Hello Tom,
I don’t have any mortgage for this property as it is paid off before we started renting it out. So, there is nothing for me to delete.

Thanks

@jaiminswita I appreciate the update and I will share that as I was onboarding a new client with 6 properties, I experienced what you were describing. 3 of the 6 properties showed a mortgage balance and negative equity even though I never added that information. I contacted support and they couldn’t determine the cause but they were able to delete the false information from their side of the system. I suggest you open a support ticket and they will resolve your issue. Thanks for sharing.

-Tom
www.realcentsorganized .com