How to Add A New Property
Adding a new Property to your existing Stessa account is easy. Just click on "Properties" in the top navigation bar and select "+ Add Property." If you have multiple Portfolios set up, Stessa will prompt you to select which Portfolio you'd like to add this new Property to before proceeding. Then simply start typing the new property address and select the match from the results list.
Follow the prompts to successfully onboard the new Property.
Organize Your Properties into Portfolios
Once you've added all of your investment Properties, you'll want to arrange them into logical Portfolios in order to better manage your Dashboards and share data with partners and investors. To manage Portfolios, navigate to Settings > Portfolios.
Stessa assigns you a single Portfolio by default, which contains all Properties and corresponds to your main Dashboard. To set up a new Portfolio, just click on "+ Add Another Portfolio" at the bottom of the page. You can then click on the name to edit the title. Populate your new Portfolio by dragging and dropping Properties onto the new Portfolio card.
Once you have your Properties arranged into the appropriate Portfolios, you can use the "+" next to your initials to invite partners and investors to view/edit data. Keep in mind that collaborators are set at the Portfolio level, not the Property level. If you have a number of different deal structures with various partners and investors, you'll want to organize your Portfolios accordingly. If every Property has a different investor that you'd like to invite to use Stessa, you'll want to set up a separate Portfolio for each Property.
Now that you have multiple Portfolios, you'll notice that clicking on "Portfolio Overview" in the top navigation bar takes you to a Dashboard that rolls up all Properties in all Portfolios into a single view. This is a great way to get a feel for what's happening across the entirety of your holdings.
To drill down, you can see Dashboards for each Portfolio by using the pick-list next to "Portfolio Overview for..." You can see Dashboards for each Property by clicking on the Property address or using the "Properties" drop-down menu in the top navigation bar.
How to Delete A Property
To permanently remove a Property from your Stessa account, navigate to Settings > Portfolios and then click the small "x" to the far right of the Property you'd like to remove. You'll be asked to type the word "DELETE" to confirm this action. Keep in mind that when you delete a Property, we also delete all transactions data associated with that property, so only proceed with this step if you're 100% sure you won't need to access the data in the future.
If you've simply sold a property and no longer want to include it in your dashboards, we suggest making a new Portfolio called "Disposed" or "Sold" by following the steps above. Then move each disposed property into this new Portfolio to preserve its transaction history and performance data.
Have More Questions About Properties or Portfolios?
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