So I have a single parcel/property. It has two structures, each structure has its own address, but this is a single parcel (from the city’s perspective and when buying/selling it). One structure is a up/down duplex and the other a SFH.
In Stessa, is it best to set this up as a three unit property or a two unit and single unit?
My PM has it in AppFolio as a two unit and a Single Unit, so there is an owner’s statement for each. Of course there is a single mortgage and single property tax for the parcel.
My goal would be to set it up so that reports and metrics work right, and I’m just getting into Stessa so looking for any guidance.
Hi. I’ve not heard back on this and then lost interest. I really like the idea of this online tracking/accounting system. But I’ve retreated back to my own excel files for now.
@timothy Best practice here would be to set up a single 3-unit property in Stessa. It sounds like your PM has made an internal decision to track the structures separately, but the reality is that it’s still a single property with one lone and one property tax bill. You’ll just want to assign all imported Appfolio data to the one property via your External Accounts page, and you should be good to go.
It is my first time going through these posts and Stessa seems to do a poor job answering questions we may have, only when faced with the dilemma of people giving up on the app do they seems to take interest in answering questions we may have. Sad. But I got to say, the app seems pretty neat. I had started to use the app a couple of years ago, but soon lost interest, I decided to come back last week and give it a go once again. Lets see how it goes. I gotta say I do like the metrics and the snapshot of your properties when you open the app, though.