Quicken Rental Property Manager 2011 - Review

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Quicken Rental Property Manager 2011 - ReviewI can't believe I paid money for this junk. Aside from the general bugginess, the unnecessary complexity of its model and the poor UI, this program simply cannot handle basic transactions that you would expect it to.
For example, if you have a typical mortgage payment comprising principal, interest and property tax escrow, there is no automated way to split the payment into those categories for tracking: you must do it yourself each time a payment is made. Also, if you make capital improvements to your property, there is no way to depreciate them -- and even if you do create a "liability account" manually, there is no way to import that information into TurboTax. Additionally, there is no way to map tenants' deposit money to transactions in a cash account: Quicken automatically puts the money into a liability account which cannot be mapped to an actual bank account.
In short: a total joke. Even worse, there is no real competition for managing the financial side of rental properties. Mint.com (owned by the same company) and all the rest are either focused on consumer finances or don't automatically download information from your bank. My advice is to get a spreadsheet and do it yourself.
The only saving grace of this product is a 60-day money-back guarantee. You can be sure I'll be using it.
Quicken Rental Property Manager 2011 - Overview
Quicken Rental Property Manager 2011 includes all of the features found in Quicken Home & Business, plus smart tools for managing your rental properties.
Always know how your home-based business is doing.

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