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Honest comparison

TrueCap vs Landlord Studio: underwrite before, track receipts after

Landlord Studio is mobile-first accounting + expense tracking for small landlords — snap a receipt, categorize it, generate a Schedule E. TrueCap is the pre-purchase underwriting calculator that decides whether to buy the property in the first place. Different stages, complementary tools.

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TL;DR

Use TrueCap when

  • You're evaluating a property before making an offer.
  • You want cap rate, DSCR, cash flow, projection.
  • You want a deal score + verdict to compare 2-3 deals.
  • You're not yet generating receipts to track.

Use Landlord Studio when

  • You own rentals and need to track expenses + receipts.
  • You want a mobile app for snapping receipts at the property.
  • You need a simple Schedule E export at tax time.
  • You don't need bank-feed accounting (Stessa/Baselane do that).

Feature-by-feature

Side-by-side on every dimension that matters for a comparison-shopping investor.

FeatureTrueCapLandlord Studio
Lifecycle stage
Pre-purchase — underwrite the deal
Post-purchase — accounting + tracking
Cap rate / CoC / DSCR analysis
Yes — full engine, free tier
Not modeled
10-year projection
Pro — rent + expense + appreciation
Not modeled
Tax strategy modeling
Pro — depreciation + interest + after-tax CF (projection)
Yes — actuals for Schedule E
Deal score + verdict
Pro — 0-100 score + plain-English verdict
Not applicable
Address auto-fill (rent/rate/tax)
Yes — HUD + FRED + state property tax
Not applicable
Receipt scanning
No
Yes — mobile camera + OCR
Expense tracking + categorization
No
Yes — per-property bookkeeping
Schedule E P&L reports
Forward projection only
Yes — actuals export
Rent tracking
No
Yes — payment logging (no ACH collection itself)
Mobile app
PWA
Native iOS + Android
Free tier
Yes — full underwriting math
Yes — limited properties
Pricing (paid tier)
Pro $19/mo for projections + tax + share + PDF
Starter ~$12/mo, Premium ~$30/mo (as of 2026)

Landlord Studio details based on publicly available product info as of 2026. See landlordstudio.com for their current state.

How TrueCap + Landlord Studio fit together

  1. Underwrite the property in TrueCap. Cap rate, DSCR, cash flow, projection. Save the deal.
  2. Close + onboard in Landlord Studio. Set up the property, start logging receipts as you incur expenses.
  3. Mobile receipt tracking on the go. Contractor invoice on your phone? Snap, categorize, file.
  4. Annual tax time. Pull Schedule E from Landlord Studio. Re-run TrueCap to compare actuals vs projection — the gap is your learning for the next acquisition.

Want to see just the underwriting half? Try the cap rate calculator or the full TrueCap analyzer. Our guide on 60-second underwriting walks through the workflow end-to-end.

Common questions about TrueCap vs Landlord Studio

Quick answers to the questions investors comparison-shopping these tools actually ask.

Is TrueCap a Landlord Studio alternative?
No — different stages. Landlord Studio is mobile-first accounting for properties you own. TrueCap underwrites properties you're considering buying. Most small landlords use both.
Landlord Studio vs Stessa — which one?
Landlord Studio is more mobile-first with stronger receipt scanning. Stessa is more bank-feed-driven with automated transaction categorization. If you take a lot of receipts on the go, Landlord Studio's mobile UX wins. If you want everything pulled automatically from your bank, Stessa is more hands-off. Both have free tiers — try both.
Does Landlord Studio collect rent?
Not directly — they log rent payments but don't process them. For online rent collection (ACH/card), you'd pair Landlord Studio with TurboTenant, RentRedi, Avail, or Baselane.
Does TrueCap track actual expenses?
No. TrueCap models projected expenses for underwriting (taxes, insurance, vacancy, mgmt, maintenance, capex). It doesn't connect to your bank or accept receipt photos. Landlord Studio, Stessa, or Baselane handle that.
Is Landlord Studio free?
Yes — there's a free tier for a limited number of properties. Paid tiers (Starter ~$12/month, Premium ~$30/month as of 2026) lift the property cap and add features like custom reports and bank reconciliation.

Underwrite the next deal — free.

TrueCap free covers cap rate, CoC, DSCR, NCF, and monthly cash flow. Pro unlocks projections, sensitivity, tax strategy, exit scenarios, deal score, MAO, PDF exports, and shareable read-only deal links. No card to start.

See Pro pricingRun a deal now