Quicken Rental Property Manager

by Intuit

Product Features

• Easily organize rental income and expenses in one place
• Two-step set up; simply install and enter basic property information
• Details property performance; instant answers to questions about profitability
• Schedule E category list shows what's deductible.
• Designed for rental property owners; ideal for fewer than 10 rental properties

Product Details

• Shipping Weight: 8 ounces
• Shipping: This item is also available for shipping to select countries outside the U.S.
• ASIN: B00078UK2I
• Item model number: 294120
• Date first available at Amazon.com: October 2, 2001
• Average Customer Review: 1.6 out of 5 stars  See all reviews (12 customer reviews)
• Amazon Best Sellers Rank: #12,440 in Software (See Top 100 in Software)

Product Description

From the Manufacturer

Quicken Rental Property Manager, designed for rental property owners like you, lets you easily keep an ongoing record of your critical income and expenses. Quickly get the information you need at tax time, and take the deductions you deserve. With just a click, see how your properties are performing!

Benefits:

• Organize all your information in one place. Replace shoeboxes, spreadsheets, folders, and hand-written information with one simple solution.
• Ideal for fewer than 10 rental properties. Track all your income, expenses, and tax information. While less than 10 properties is recommended, some users track over 40 rental properties with multiple units.
• Get the tax deductions you deserve. The Schedule E category list shows you what's deductible.
• See how your properties are performing. Get instant answers to your questions about profitability.
• Two steps and you're set up. Just install the software and enter basic information about your properties.
• Designed for and tested by rental property owners like you. That's why it's so easy to use! Plus, you get a 60-day money-back guarantee.
• One year* free technical support. Ask questions and give feedback at http://www.quickenrental.com/support.

Features:

Save time at tax time

• Save time retrieving financial information when you're doing taxes. No frantic searching for the right receipts and paid invoices at tax time! Easily categorize your financial information throughout the year using the income and expense log. And don't worry about having to do the math. Quicken Rental Property Manager automatically generates tax reports that you or your accountant can use to prepare your Schedule E tax forms.

Maximize deductions

• Take every deduction you deserve. It's easy to capture allowable deductions all year as you record your expenses. You'll find your deductible expenses in the Schedule E category list.
• Flag deductions you're not sure about. Can't find the right category for a particular expense? Just choose "not sure", and at tax time you can print out a report for your accountant, who can help you make the right choices.
• Track your vehicle mileage with every entry. This is a deduction many property owners miss! Don't worry; we'll do all the calculations for you.

See how your properties are doing

• Find out how your rental properties are performing. Which of your properties are profitable, or more profitable than the others? Find out if you're earning more than you're spending, or vice versa, by running reports that track your cash flow by each property over time. You'll have your answers in seconds.
• Compare performance month-by-month. You can check up on profitability for each property you own from one month to the next.
• Drill down for details. If you're not sure where a number in a report is coming from, just click on it. You'll be taken directly to the transaction that the number is based on.

Get up and running in no time

• Two steps and you're set up. It's easy to get started. Just enter the basics--property names, the number of units per property--and start tracking your income and expenses right away. Our easy-to-use setup will guide you through the process.
• Memorized transactions cut down data entry. You won't have to enter similar data twice. Quicken Rental Property Manager remembers transactions and fills them in for you wherever applicable.
• One simple entry for mortgage payments. As you enter your monthly payments, don't worry about separating the interest from the principal. When you get your 1098, you can itemize the interest on the Tax Summary Report in one click.
• Designed for and tested by rental property owners like you. That's why it's so easy to use!
• Free technical support for one year*. Refer to the in-product help menu or visit http://www.quickenrental.com/support (or call 1-877-683-3274) to ask us questions or give us feedback at any time.

*Offer available for one year from the date of purchase. Registration required. Additional terms, conditions, and limitations apply and are subject to change without notice.

Quicken Rental Property Manager is a standalone product designed specifically to support the unique needs of rental property owners and at this point does not integrate with Quicken personal finance or TurboTax software.

Product Description

Organize your rental income and expenses in one place. New! Quicken Rental Property Manager, offers the easiest way to organize critical income and expense records in one place. We’ll help you eliminate the paperwork hassles, making tax preparation a much easier process. •Integration with Quicken® Personal Finance or Turbo Tax® software is not available.

Customer Reviews

Most Helpful Customer Reviews

96 of 99 people found the following review helpful:

1.0 out of 5 stars More of what you don't need, none of what you do. Can I give it a negative star?, June 23, 2005

By 

PBNTOAU "pbntoau" (Illinois) - See all my reviews

This review is from: Quicken Rental Property Manager (CD-ROM)

I've been managing rental property for about 15 years, starting with 2 buildings and 10 units at the beginning and now with 25 units in 5 buildings, containing a mix from studios and 1-bedrooms up to 4-bedroom apartments.

I recently decided to update from a very old version of Quicken, and since they had this program specifically for rental properties, I thought I'd found a perfect match. I couldn't have been more wrong.

You would think that a company that has made accounting software for this long would understand the most basic needs, like a running total alongside each transaction (which even my 7-year old edition of Quicken had). Nope. There is only a single running total. Make a mistake, and it is virtually impossible to backtrack and find. How about a field for your check number, the singular way to identify your checks/transactions? It doesn't have one. One of the 8 or so automatic fields they do give you is unit number. Problem is, it's a simple numeric assignment based on the number of units you input when you create each building's account, and it can't be altered. Apartments lettered instead of numbered, numbered in partial sequence, alpha-numeric, by floors, cardinal direction, etc? Tough luck. These are just a few of the problems or basic design flaws I've come across. It took several painstaking hours to transfer the entries from my old software and books into this new software, and now I'm stuck until I either find the time to transfer the data to something I trust, or I continue to use this program until the end of the year. It's half baked, and that's putting it lightly. I wouldn't recommend it for even the most entry-level rental property owners or managers. I can't imagine a big firm using it. Regular quicken costs half as much (though even that's getting horrible reviews on Amazon). The previous reviewer said it's no better than a simple excel spread sheet. I'd go further and say it's worse. Save your time and money, and just create a simple excel file.

76 of 81 people found the following review helpful:

1.0 out of 5 stars User Unfriendly, March 29, 2005

By 

Ryan P. Mcgovern (St. Paul, MN) - See all my reviews
(REAL NAME)   

This review is from: Quicken Rental Property Manager (CD-ROM)

Poor program. It is not compatable with any other quicken software, and does not allow for any bank/ccard downloads. You need to enter each item individually, making it very time consuming. This is no better than a simple excel spreadsheet.

26 of 26 people found the following review helpful:

1.0 out of 5 stars Like a spreadsheet, but less useful, September 11, 2005

By 

W. Lundin - See all my reviews
(REAL NAME)   

This review is from: Quicken Rental Property Manager (CD-ROM)

This Rental Property Manager is like having one register for each property to track credits and debits. Some reports. Thats it. Using the regular Quicken Basic, with a Banking account and a Property/Asset account, works better and gives you a way to compare operating expenses, income, mortgage/loan information, and property value. Since its scope is limited, having shorter lists of categories and tax schedules and lines to worry about than in the regular Quicken software, but the limited scope and higher cost for a focused subset of Quicken Basic? Not so useful.