Quicken Rental Property Manager 2010 [OLD VERSION]

by Intuit

Product Features

• Manage your personal, business, and rental property finances in one place with Quicken Rental Property Manager 2010
• Tracks income and expenses by property; identifies tax-deductible rental property expenses
• Lets you know which rents have been paid and who owes you money
• Shows you where your money is going by automatically categorizing your personal and business expenses
• View your profit and loss at a glance, so you always know how your business is doing

Product Details

• Product Dimensions: 8 x 5.5 x 1.2 inches
• Shipping Weight: 3.2 ounces
• Shipping: This item is also available for shipping to select countries outside the U.S.
• ASIN: B002KIJQ2I
• Item model number: 409946
• Date first available at Amazon.com: August 4, 2009
• Average Customer Review: 2.5 out of 5 stars  See all reviews (27 customer reviews)
• Amazon Best Sellers Rank: #4,538 in Software (See Top 100 in Software)
  • #78 in Software > Business & Office > Business & Office Management Software

Product Description

Amazon.com Product Description

Quicken Rental Property Manager 2010 includes all of the features found in Quicken Home & Business, plus smart tools for managing your rental properties.

Organize your personal and your rental property finances. Click to enlarge.

Maximize deductions and minimize your taxes. Click to enlarge.

In the Rent Center, you can record rent collected, partial payments, and late fees. Click to enlarge.

See where your money's going. Click to enlarge.

See your most important info in one place. Click to enlarge.

Getting started is a breeze. Click to enlarge.

Manage your personal, business, and rental property finances in one place

Includes all the features and tools of Quicken Home & Business, plus:

• Makes it easy to organize and manage your personal and rental property finances--all in one place
• Identifies tax-deductible rental property expenses
• Tracks income and expenses by property
• Lets you know which rents have been paid--and who owes you money
• Upgrading your Quicken? See "What's New in 2010" for the latest features and benefits

Features and Benefits

Organizes your personal and your rental property finances
Bring your personal and rental property accounts together--including online banking, credit card, loan, 401(k) and investing accounts. Avoid the hassle of going to multiple web sites or manually entering data. Now you can see it all in one place with just ONE password. Access over 6,700 banks, brokerages and other financial institutions--including PayPal.

Helps you make better decisions on your rentals
Shows a snapshot of your rental property management expenses by property, so you know where your money is going, and where you can cut back. Tracks income and expenses for each property you own. Compare profit and loss from your different rental properties, to see which units are the most profitable.

Shows you how to maximize deductions and minimize your taxes
Quicken Rental Property Manager categorizes your personal and rental property expenses for tax purposes. Our tax deduction summary lets you instantly see your tax deduction status throughout the year to help avoid any April 15th surprises. Quicken creates tax reports you can provide to your accountant. You can also easily export your data directly to TurboTax for fast and accurate tax preparation.

Creates a Schedule E tax report
Quicken Rental Property Manager generates a Schedule E report for your rental properties. Automatically export the Schedule E data to TurboTax, or print a copy for your accountant.

Instantly see who has and hasn't paid rent this month
In the Rent Center, you can record rent collected, partial payments, and late fees. With just a click, find tenant contact information such as lease terms, security deposits and overall payment history.

See where your money's going
Quicken Rental Property Manager automatically categorizes your personal and rental property expenses. Check in anytime to see exactly where your personal and rental property finances are for the week, month or year.

Provides comprehensive investing and planning tools
Easily track, analyze, and optimize your investment portfolio. You can see changes in assets, liabilities, and net worth with one click: we show how your investments are performing across all your accounts.

Helps you make better buy/sell decisions
We help you identify top-performing investments, so you can make smart decisions on buying or selling. For example, use Morningstar Ratings to compare mutual funds and see which ones best fit your investment management goals.

Watch your savings grow
We make it easy to get on--and stay on--a budget. Set suggested spending limits and savings goals based on the information you enter into Quicken Rental Property Manager day-by-day.

An intuitive "Spending Planner" summarizes your actual spending and compares it to what you planned to spend for the month. Check your progress at a glance, and quickly see where you have room to spend or need to save more.

We can also help you create customized plans to reduce/eliminate debt--and to save for a house, college, retirement or large purchase.

Never miss a bill
See what bills--personal and business--have already been paid, what's coming up and if you have enough left in your accounts to cover them--all in one convenient place. Set reminders to pay bills on time and instantly check the status of past bills.

Enjoy free support when you buy, install or upgrade Quicken
If you need help purchasing, installing or upgrading your new Quicken personal finance software, free phone support is available. For more information, visit our Help & Support site.

100% Satisfaction Guarantee
If you're not 100% satisfied, return your Quicken Rental Property Manager 2010 personal finance software with your dated receipt within 60 days of purchase for a refund of the purchase price (return shipping and handling charges not included).

Save money and shop smart
Our free service--Quicken Picks--seeks out the best online coupons and discount offers just for you, on the stuff you care about. You also get cash back on all your purchases, helping you save even more. You can sign up for Quicken Picks anytime within your Quicken software.

Easily import from Microsoft Money
If you've been using Microsoft Money personal finance software, we can help you transfer your valuable financial information to Quicken.4 With our easy-to-use Data Converter tool, you'll be up-and-running with Quicken in practically no time.

What's New in 2010

Already using Quicken? Reasons to upgrade now:

New--See your most important info in one place
The new Quicken home page puts all your most important financial information in one easy-to-understand window, so you can see how you're doing at a glance.

Improved--Find the tools you need, faster
The improved menu and toolbar make it easier to find the tools you need to help organize your personal finances.

New--Getting started is a breeze
It's simpler than ever to put Quicken to work for you--so you can reach your personal finance goals faster. With the new Guided Setup, you just answer a few simple questions; we'll show you how Quicken works, and what to do next. You'll see your total financial picture come into focus even sooner than you expect.

New--Avoid late fees and penalties
We help you avoid overdraft fees and penalties--by showing you how much you'll have left in your account until your next paycheck.

Improved--Check for accuracy
We've made it easier to review your transactions, so you can quickly spot anything that looks inaccurate or out of place. If a transaction requires follow-up, you can flag it with a reminder.

Improved--Get tips from other Quicken users
With Quicken's Live Community, you can get help and advice from other Quicken users without ever leaving Quicken. If you have a question about something specific you're trying to do, just look to Live Community on the right of the Quicken screen for the answer.

Product Description

Quicken Rental Property Manager is software for easily managing and organizing your personal and rental property finances, all in one place.

Customer Reviews

Most Helpful Customer Reviews

79 of 82 people found the following review helpful:

1.0 out of 5 stars One of the worst applications I've used, January 9, 2010

By 

Dave Sadler (Elmira, NY) - See all my reviews

This review is from: Quicken Rental Property Manager 2010 [OLD VERSION] (CD-ROM)

I have been the happy owner/user of Rental Property Manager v2, for several years and have recommended that product to associates who also have rental properties.

Last year I considered upgrading to Rental Property Manager 2009, but after I read the reviews from users I decided to wait a year so that the product could be refined. I recently purchased Rental Property Manger 2010.

To say that I am disappointed is a big understatement. Version 2 is a great product, it is simple and straightforward and does everything that is needed. Quicken Rental Property Manager 2010 is simply a disaster. I do not want or need a product to track my other investments, or checking accounts or anything else.

One could overlook the fact that this application has too many functions, and you could simply turn them off. The real issue is that this product is completely lacking in basics. I can't transfer data from my version 2 to the new program, I have to re-enter all the data. Further, while attempting to do that I can not simply add a tenant. When I attempt to do that I get a drop down box that says I have to set up an account to receive the rent. When I follow those prompts I get a choice of all sorts of accounts, none of which allow me to complete the tenant account. These are only two of the many issues I've found with this application.

For the record, I have a BA in Business Administration and several years as a Systems Manager. If you want to manage your investments, pay bills on-line, or update your grocery list this may work for you, however it is NOT a rental mangement application. In short this product is not user friendly, it's a nightmare to try to configure. What I, and I'm sure many other small landlords would like is a simple upgrade to version 2.

40 of 43 people found the following review helpful:

2.0 out of 5 stars Detailed feature comparison, December 22, 2009

By 

Florian Becker "a reader" - See all my reviews
(REAL NAME)   

This review is from: Quicken Rental Property Manager 2010 [OLD VERSION] (CD-ROM)

I am one of those customers forced by Microsoft to consider an alternative to MS Money 2007 Deluxe edition.

So, because I just bought a rental property, I tried my luck with Quicken 2010 - Rental Property Manager. Most of my comments here are applicable to all versions of Quicken 2010 though.

First, I tried to follow the quicken instructions to convert from the MS Money (with roughly 8 yrs worth of data). I found that quicken did a good job overall, but it created these crazy cash accounts for each investment account, which I found annoying and had a hard time working with. As a software professional, I recognize that there are fundamentally different data structures in place in both programs that make a clean conversion challenging. Therefore, I tried to setup Quicken again - this time from scratch. I also recognize that once you're used to one system it is difficult to get used to another, so I am giving myself about five weeks to run things in parallel before deciding whether or not I should give Quicken back and stick with Money. So, here are my observations:

Display of account balances: In the account overview pane, Quicken will show account balances as of "today", while MS Money shows the balance as if all entered transaction already occurred. For example, if your credit card payment is submitted for a day in the future, MS Money shows that fact in the account balance, which I prefer. In Quicken, I have to go into the specific account to notice that some transactions are already submitted for a future date.

Online Account updates: After setting up the connection information (painless in both Money and Quicken): Quicken will ask for additional security questions (first time PC registration) over and over again. For example, I have ING Direct savings accounts (6 of them for different budgeting purposes) and quicken will ask 2 verification questions for EACH account and doesn't store the answers to those questions. Each time I am running online updates, it asks again. That's poor design.

Quicken should also allow a user to setup the account and NOT download existing transactions. The transaction downloads have challenges associating things to the right categories, so I preferred to start from scratch and had to manually delete the transactions and adjust the starting balance.

Foreign Currencies: Quicken needs to be enabled to support foreign currency support. Once that is done, the exchange rate to the dollar lives in a STATIC table that must be updated manually. Money updates currency exchange rates automatically

Categories and entering transactions: In MS Money, one can type the name of a category and the system will find it - even if it's a partial name or a sub-category. In Quicken, one must type the leading characters of a category name correctly - sub categories are not found that way, which leads to a lot of scrolling through the list. The Quicken Rental Property manager contains categories that look like they could belong to personal expenses (Such as mortgage interest), which could be distinguished better.

Scheduled Bills: MS Money supports editing any future occurrence of a bill individually, including split amounts. Quicken can only edit ALL occurrences of a bill at that level of detail. A selected occurrence lets you edit only the dollar amount, not the splits, which makes no sense at all.

Social Security Payroll Taxes: Neither program is smart enough to edit paycheck occurrences based on reaching the contribution maximum for the SS payroll tax. That would be a nice to have!

When returning a purchased item and booking the refund into an account, Quicken counts this as income, instead of counting it as a negative transaction in an expense category. Money does this correctly.

Stock price updates: MS Money has difficulties updating stock prices associated with employee stock option grants, although the ticker symbol is knows. Quicken does this correctly.

Budget: The Budget was one of my favorite features in MS Money. It automatically took care of all scheduled transactions and correctly counts transfers to a savings account as a budget expense so long as the savings account itself wasn't marked as a budget account. Quicken's budget is a complete failure. It doesn't recognize scheduled bills and transactions, but only gives the choice of either entering budget values manually or letting Quicken calculate them based on historic averages. If you bought a car or had real estate closing costs (purchase, refinance, whatever), the automatic budget will be completely out of touch with reality. I do like the way Quicken displays the "budget" categories in the planner though. It's just not as detailed as the one in MS Money.

Overall, MS Money wins hands-down in my comparison. Quicken is decent, but a couple of things I mentioned can clearly be attributed to using outdated controls and the remaining points I mention are either sloppy design or simply stupidity. I think I will continue with MS Money for a while and then figure out if another alternative emerges for me. $149 for poorly designed software is simply too much. Although I am not happy with MSFT's decision to discontinue MS Money, I am not inclined to pay for an inferior product.

24 of 25 people found the following review helpful:

3.0 out of 5 stars Less than I expected, December 25, 2009

By 

Randall Bos "bos" (Michigan) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Quicken Rental Property Manager 2010 [OLD VERSION] (CD-ROM)

I have been using Microsoft Money for about 10 years and decided to convert to Quicken when Microsoft gave notice it would stop supporting the Money program. Quicken claimed it could import my Money file, which it did. Considering it took me many hours to clean up the import, it might have been easier to start from scratch at the beginning of a new year. None of my customized reports made it trough the import and other sections needed a lot of reworking.

My biggest issue so far is the lack of import and export functions in Quicken. Some of my banks do work well with Quicken and Quicken can automatically download transaction data from them with just one click; I love that function. But for other banks and credit cards, for example Citycards, the bank only exports csv, pdf, qif formats. Quicken 2010 will not import any of these, not even its own qif (Quicken Interchange Format). Quicken claims I have to go back to the 2004 version to import qif. It does export qif and qtf as well as pdf, and CSV for report data.

For the rental property section, I have not yet found a way to send invoices, late notices, or any other communication to tenants using the program. The "Rental Property Manager" seems to be a place to store all the financial data needed for tax purposes (and as you might expect from the Turbo Tax people - it does this well) but it does very little with other day to day management of rental properties.