PROMAS The Professional Landlord vs Stessa

PROMAS The Professional Landlord is property management accounting software for fee-based and investment property managers. It is designed for residential and commercial properties and combines integrated double-entry accounting with financial controls for owner and escrow funds. Accounting tools include batch management-fee posting, owner distributions, late fees, security-deposit tracking, tenant charges and bank reconciliation. Reports can be customized and saved for reuse; owner statements can be styled differently for different owners. The software can be hosted in the cloud or deployed on premises, with internet access from Windows, Apple and iOS devices. PROMAS lists integrations with RentTrack, MyRental, Inspect & Cloud, ACH.COM and ScreeningOne. Pricing includes a $60 a month lease or a $610 a year subscription for 30 units in one database. A one-time license costs $845 as a one-time purchase and includes an annual subscription. Cloud hosting is $1,530 a month, includes up to 10GB, and requires a current lease or subscription.

Stessa helps real estate investors manage property portfolios with bookkeeping, financial reporting, rent collection, leasing and tenant screening. It imports, categorizes and indexes rental transactions, and supports single-entry bookkeeping. Dashboards and reports include an Income Statement, Net Cash Flow, Schedule of Real Estate Owned and Tenant Ledger. Landlords can collect rent online with automated reminders and late fees; tenants can pay by ACH, credit card or debit card. Leasing includes state-compliant agreements, legal forms, templates and e-signatures, with limits depending on plan. RentPrep integration supports background and credit checks. Stessa says it connects with banks, lenders, credit cards and property managers to consolidate financial data. Web access is joined by iOS and Android apps for receipt scanning and transaction management. Essentials is free and includes unlimited properties, one portfolio and five receipt scans per month; state-compliant leases cost $15 each. Manage is $12 per month billed annually or $15 per month billed monthly. Pro is $28 per month billed annually or $35 per month billed monthly. Stessa describes encryption, optional multi-factor authentication, backups, fraud monitoring and role-based access control.