Missing Feature: Tracking Recurring Property Expenses (Insurance, Taxes, HOA)

Wishlist
1

Hi,

Does anyone feel like Stessa is missing a feature for tracking recurring property related charges, such as insurance, property taxes, and HOA dues?

I understand that these payments are imported into the system after they’re made, but there’s a risk of missing the payments without realized. For example, if autopay gets disconnected or a policy is canceled, there’s no way to track or to receive alert. When managing multiple properties at the same time, it’s really easy for something to slip through, which could lead to issues like a lapse in insurance coverage.

It would be really helpful if Stessa could add a feature to track these types of recurring obligations and alert users if something is missed. Maybe something similar to the Rent Collection Ledger, so that we can set up the date and frequent of these recurring payments, and have them settled when paid each month/year.

3 Likes
2

@stessa should incorporate this. This is exactly how tech can help people.

We have recurring expenses which tenants must pay. Stessa should allow an expense to be entered as additional rents on a monthly basis or as a grad total which is spread over a specified number of periods. This feature would also work for amortizing expenses for reporting.C’mon Stessa, we believe in you!

3

Being able to search for policy numbers would be a great hit. Insurance companies have different policies for each building on the same property. Sometimes you just have a policy number and there is no way to search for the policy number in the - Properties - Financials & Assets page. A search over all Portfolios and Properties would be great.

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Absolutely! It would be nice to have a “set all as paid” feature so multiple payments can be “received” or “accounted for” at one time so that I can update the accounts later if I am away for some time. Since tenants use multiple payment methods, they are not captured in Stessa which means I have to enter every payment every month manually. I need an “update all” or “bring all current” feature. This tracking app has left me behind.