Entering your historical acquisition, capital expenses, and loan data will help refine your dashboard insights and financial reporting.
Confirm Acquisition Details
Why it matters: Ensures your Property and Portfolio dashboards reflect accurate Cash-on-Cash return and other performance metrics.
To update your property details:
Go to your Property Dashboard via the dropdown menu at the top.
Click the ⋮ (three dots) on the right hand side and select “Edit Property Details.”
Confirm and update the following fields:
Acquisition Date – The closing date when you officially took ownership.
Acquisition Price – Total purchase cost, including associated fees.
Date Placed in Service – When the property was ready to rent or use.
Bring Your CapEx Schedule Current
Why it matters: Properly categorizing historical capital improvements ensures accurate depreciation and basis tracking.
On the Transactions page:
Click “+ Add”, then choose the Capital Expenses category.
Enter past capital projects like:
Renovations
Plumbing or electrical upgrades
New doors, windows, flooring, etc.
To record closing costs added to basis:
Enter a single Capital Expense line item called “Closing Costs Added to Basis” dated on your acquisition date.
Includes costs like:
Seller-owed property taxes (you paid)
Owner’s title insurance
Legal, recording, or survey fees
Note: Loan fees are not part of the cost basis; they are amortized separately.
Confirm Your Loan Details
Why it matters: Accurate mortgage info powers your equity and loan balance metrics.
To add or edit loans:
Go to the “Financials & Assets” tab on your Property page.
Locate the Mortgage card.
Click “Add” to enter a new mortgage.
Choose to connect a bank account or add manually.
To update a mortgage:
Click the ⋮ (three dots) on the Mortgage card → “Edit”
Update loan terms and click Save
Add or Import Historical Cash Flow Data
Why it matters: Helps you visualize investment performance over time, even before you started using Stessa.
Choose one of the following methods on the Transactions page:
Option A: Net Cash Flow Only
Add a manual “Income” transaction dated Dec 31 for each year, reflecting your net cash flow (after debt, before taxes).Option B: Gross + Operating Expenses
Add individual “Income” and “Operating Expense” transactions per category (based on your Schedule E), dated Dec 31 each year.Option C: Import Detailed Data
Use the upload method to import past transactions.