Quicken Rental Property Manager Review

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




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.

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.


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