I’m new to RE investing and Stessa.
I only have 1 property so far and I have a few question for categorizing transactions in Stessa.
I have a property manager using Appfolio.
I’m reviewing the Appfolio statements and I see the following:
Line item #1: Rent from resident categorized as income
Line item #2: Owner Distribution categorized as expense
In Stessa, do I categorize the Owner Distribution transaction as Income:Rents and delete the Rent from resident transaction?
Thank you for help!