Wow, I'm flattered to be quoted about Stessa! We are definitely huge [also unaffiliated and uncompensated] Stessa fans. While I agree with you that bookkeeping doesn't move the needle on your financial goals, I do think that effective bookkeeping can save substantial money by ensuring that you're deducting all of the expenses you incur. For example, Stessa makes it super easy to deduct mileage, which we have often overlooked in the past.
We spent 30+ years as hybrid real estate professionals and were able to retire early in large part because of our rental property investments. I love that our son is following that path and that you're sharing your experience and knowledge with others in this newsletter!
Wow, I'm flattered to be quoted about Stessa! We are definitely huge [also unaffiliated and uncompensated] Stessa fans. While I agree with you that bookkeeping doesn't move the needle on your financial goals, I do think that effective bookkeeping can save substantial money by ensuring that you're deducting all of the expenses you incur. For example, Stessa makes it super easy to deduct mileage, which we have often overlooked in the past.
We spent 30+ years as hybrid real estate professionals and were able to retire early in large part because of our rental property investments. I love that our son is following that path and that you're sharing your experience and knowledge with others in this newsletter!