RentRedi vs. Stessa: Which is best?

Are you in the market for property management software? While there are many platforms to choose from, you’re in the right place. Today, we’re comparing two top-rated platforms: RentRedi and Stessa. Each software has a range of tools to support common landlord tasks, such as tenant screening, financial tracking, rent collection, and more. 

Let’s discuss the pros and cons, as well as functionalities, to help you make the right choice for your business. Keep in mind that these features are based on our 2024 research and may change in the future. Now, on to the good stuff!

RentRedi Overview

RentRedi is an all-in-one property management platform designed for small to mid-sized landlords. Offering a variety of tools designed to simplify property management, RentRedi’s key features include:

Pricing: RentRedi offers one plan with three pricing options:

• $29.95/month (monthly plan)
• $20/month (6-month plan)
• $12/month (annual plan)

Key Features:

• Automated Rent Collection: With RentRedi, tenants can pay rent via ACH, credit, or debit, automating the entire rent payment process.
• Online Leasing: RentRedi makes it easy to sign leases with e-signatures and in-app lease storage.
• Tenant Screening: Powered by TransUnion, RentRedi offers credit, criminal, and eviction reports to help landlords in their efforts to find the best tenants.
• Listing Syndication: RentRedi allows property listings to be posted on platforms like Zillow, Trulia, Realtor.com, and Doorsteps.
• Maintenance Requests: For an additional Latchel subscription, landlords can track maintenance requests and tenants can submit requests (including videos) to clearly describe the issue.
• Mobile App: Both landlords and tenants have their own apps to manage rent payments, maintenance requests, and communication.

One important thing to note about RentRedi is that if you’d like accounting support, such as bookkeeping and financial reports, you’ll need to add an REI Hub plan starting at $25/month:

• 1-3 units: $25/mo
• 4-10 units: $39/mo
• 11-20 units: $59/mo
• Unlimited: $99/mo

Additionally, the property management tool requires a monthly Latchel subscription for $15/month per unit for emergency service or $25/month per unit for full maintenance support.

Stessa Overview

Stessa, a Roofstock company, specializes in real estate finances. While most platforms are property management-centric with financial tools, Stessa is unique in that it is primarily a financial platform with property management features. While it offers strong reporting and bookkeeping tools, it lacks some traditional property management functionalities.

More recently, Stessa has widened its scope and now offers tenant screening, rental applications, and eSigning for landlords using the Pro plan. 

Pricing

Stessa currently has three plans: a limited free version, a Manage plan starting at $12/month annually, and a Pro plan starting at $28/month annually. 

Key Features:

• Financial Management: Stessa’s paid plans offer advanced income and expense tracking with real-time performance metrics and financial reports such as income statements and net cash flow reports.
• Free ACH Rent Collection: With the Pro plan, Stessa allows landlords to collect rent for free via ACH transfers as well as set up auto-reminders.
• Tax Preparation: Stessa’s paid plans provide advanced tax prep tools, a tax guide, and an accountant-ready tax package, making it easier to stay organized during tax season.
• Tenant Screening: Stessa allows you to screen tenants via RentPrep to help you make an informed decision about your tenants. The screening includes a full credit report, eviction history, and criminal history. 
• Unlimited Properties: There are no limits to the properties you can have with each plan. 
• Limited Property Management: While Stessa shines in financial reporting, it lacks features like maintenance request management and tenant communication.

RentRedi and Stessa: Comparing Features

Both platforms have a range of helpful tools, with RentRedi focused on rental management and Stessa on finances. 

If you’re looking for a complete suite including maintenance management and listing syndication, you may want to consider RentRedi. Another perk is the convenient listing syndication across multiple sites like Zillow, Trulia, Realtor.com, and more.

At the same time, if you’re less interested in property management and prefer a strong financial service, Stessa may be your best bet. A few more pros of the Stessa platform are its free ACH fees on the Pro plan, free accounting features included in each plan, automated financial tracking and reporting, and advanced banking services. 

Why TenantCloud Is the Best Option

While both RentRedi and Stessa have promising features, TenantCloud provides a more comprehensive property management experience. It combines RentRedi's practical property management features (rent collection, maintenance, and tenant screening) with Stessa's in-depth financial reporting, making it the ideal platform for landlords who want a well-rounded solution.

Pricing

TenantCloud offers three paid plans and a business plan that scale based on features, starting at $17/month:

• Starter Plan $17/month, unlimited units
• Growth Plan $32/month, unlimited units
• Pro Plan $55/month, unlimited units
• Business Plan, custom pricing

Key Features

• Rent collection, tenant screening, maintenance request tracking, and lease agreements, all in one place
• Built-in accounting tools for seamless financial tracking, including financial reporting, reconciliation, and reporting, without needing to switch between platforms
• Free ACH with rent reporting to help tenants build a credit history
• Free listing syndication to a wide variety of platforms like Zillow, Apartments.com, Rentler, and Rent.com
• Customizable tenant applications and screening packages
• Mobile apps for both landlords and tenants to manage rental duties with ease
• Strong customer support and a user-friendly interface 

Try TenantCloud for Free

If you’re looking for a well-rounded property management platform, TenantCloud offers a free 14-day trial to explore all its features. Sign up today and see how it can transform your property management process.