Exit value is built
11 years before the sale.
Spreadsheets don't scale past three properties, and retroactive documentation at exit costs $5K–$20K in inspection credits per door. Real Estate Ledger is the audit-ready record layer that runs alongside your PM stack — capturing every permit, repair, and vendor across the portfolio while you still remember which deal they belong to.
Up to 10 properties on the free tier · Enterprise pricing for 11+
Portfolio Q1
7 · Audit-ready$2.8M
Doors value
453
Docs filed
100%
Verified
-
1402 Riverview Dr
Austin, TX
$485K
-
88 Magnolia Ave
Nashville, TN
$312K
-
2210 Linden Ct
Boise, ID
$398K
-
519 Marigold Ln
Phoenix, AZ
$425K
$5K–$20K
Inspection credits avoided per documented exit
10
Free properties on the standard tier
11 years
Median holding period (NAR 2025)
Documentation debt compounds with every property you add.
Stessa balances the books. Buildium runs the operations. Neither produces a defensible, transferable property record at exit. Investors patch the gap with Google Drive folders that don't survive a buyer's due diligence.
- No portfolio-wide search across permits, warranties, and contractor invoices
- Vendor history fragments across managers, properties, and years
- Buyers at exit demand inspection credits on undocumented improvements
- Adding "another tool" feels like overhead — until the spreadsheet breaks
A documentation layer, not a property management replacement.
Built for two doors or ten.
Multi-property dashboard
Switch between properties without rebuilding the folder structure each time. Search across the entire portfolio.
AI document categorization at scale
Drop a year's worth of contractor invoices, permits, and lease addenda. AI sorts them by property and system.
Per-property Property Guidebook
When it's time to sell or refinance, generate the audit-ready report in a click.
Vendor history that travels
The roofer, the plumber, the HVAC tech you used three years ago — and what they did, when, for how much.
Per-property activity log
Every door in the portfolio. Every action. Audit-ready.
When a buyer asks "what's the maintenance history on Unit 3?" the answer is one click, not three days of inbox archaeology. Every permit, every contractor invoice, every inspection report is logged with a tamper-evident timestamp.
1402 Riverview Dr · Activity
Last 30 days- Apr 12 Roof
Texas Pro Roofing
Filed inspection report
- Apr 04 Bulk
You
Approved 14 AI-categorized invoices
- Mar 28 HVAC
Bluebonnet HVAC
Service receipt + photos
- Mar 19 Permit
City of Austin
Permit issued (deck rebuild)
- Mar 11 Insurance
Allstate
Policy renewed
Retroactive at exit is the most expensive way to document a property.
Reconstructing the file after a buyer asks for it costs lawyer time, lost negotiating leverage, and inspection-credit concessions on items you can't prove. The cheapest version of this is to capture it as it happens.
- → $5K–$20K average inspection-credit erosion per undocumented exit
- → ~10% of contracts delayed by inspection findings (NAR 2025)
- → Documented HVAC, roof, and electrical maintenance are the top three negotiation points
Start documenting before the exit timeline starts.
Free for up to 10 properties. Talk to sales for 11+ or for white-label and SAML/SSO.