It would be nice to track the age of appliances and cap x expenditures.
Example: Property XYZ’s roof is 5 years old and it costs about $12,000 to replace the roof. The average lifetime (this could be a number pulled off the internet based on area) is 20 years. Stessa could now make a recommendation to save an additional 67$ a month to cover this expense 15 years in the future.
How would Stessa monetize this idea? Stessa could team up with local contractors and have them put their information on the website for Stessa Users
Key: If you expanded this idea to cover the age of the roofs, hot water tanks, HVAC, Air conditioners, driveways, appliances on a per property basis it could help the users of Stessa track and prepare for costs. Stessa could make product recommendations to its users through links and or contractors on the website.
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This is a great idea, I currently use a spreadsheet to track this but it would be awesome to be able to track in Stessa in a CapEx section.
Maybe when you categorize an expense you could add a useful life of the roof and a projected replacement cost (inflation adjusted) at the end of the useful life.
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This would be something a lot of your competitors do not have or offer.
I agree. I want to use Stessa as a dashboard for the portfolio where you can click on each property and see maintenance and financials. I want to see the remaining life in the roof, HVAC and mechanicals, appliances, and log dates of when renovations and maintenance was performed. I also want the dashboard for the individual properties to include in addition to the equity, any rehab or refinance mortgage loans currently on the property, what date the loans were opened, and what rate they’re at to have a visual overview of the debt on each home and the whole portfolio. That way as interest rates change I can quickly find out if it’s time to refi or not.