Running Two Separate LLCs Under One Stessa Login (Investment LLC + Airbnb LLC)

1

I’m looking for guidance on the best way to structure this in Stessa.

I own multiple rental properties under one LLC (investment / owner LLC). I’m in the process of moving all short-term rental operations into a separate LLC, which will act as a tenant of the investment LLC. Each LLC will have its own bank accounts and will pay its own bills. Rent will be paid from the Airbnb LLC to the investment LLC.

My question is:

Can I manage two separate LLCs under one Stessa login while keeping their properties, bank accounts, income, expenses, and reports fully separated?
If so, what is the correct way to set this up in the current Stessa interface?

Specifically:

  • Is this done through multiple companies, portfolios, or another structure?

  • Can each LLC have its own linked bank accounts?

  • What’s the recommended way to handle inter-company rent transactions?

I want to keep clean books, avoid commingling, and make this CPA-friendly without needing multiple Stessa logins if possible.

Thanks in advance for any guidance.

2

@yardworxlincoln Yes, you can keep everything separate. The easiest way to do that is to upgrade to Stessa Pro so you can create multiple portfolios under one account. This is what I do.

Have you consulted legal and tax professionals about the LLC owning the other LLC? Some of my clients do this but it adds more complexity and paperwork. I’m a little anxious for you because I don’t find this platform to be the best for proper balance sheets and double-entry accounting.

What is the goal for structuring it this way?

-Tom

www.realcentsorganized .com