Quicken Rental Property Manager review:1 stars (More of what you don't need, none of what you do. Can I give it a negative star?) - 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.
1 stars (User Unfriendly) - 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.
Quicken Rental Property Manager Features:
Computer software (programs)
Accounting (Account)
Designed for rental property owners; ideal for fewer than 10 rental properties
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.

Quicken Rental Property Manager is the CD-ROM version. The full version can be purchased by clicking on the "CLICK HERE TO ORDER" button below for around 89.99USD.