A good property management software program can be a lifesaver if you’re a landlord.

Because once you own multiple properties, it can be an absolute NIGHTMARE keeping track of everything…

… can you relate?

If so, it may be time to find the right property management software program. Not sure if Quicken Rental Property Manager 2010 is it… so check out my review below and see for yourself.

Also, I’ll be reviewing other property management software programs in the future. So, be on the lookout for more.

Quicken Rental Property Manager 2010 Overview

Alrighty, here’s a quick list of some of the features:

=> Manage your personal, business, and rental property (Quicken Rental Property Manager 2010 includes Quicken Home & Business which organizes your personal and biz finances)

=> Works with online banking, MS Money, Credit Card Tracking, Loan Tracking, and 401K Tracking

=> Provides bill reminders

=> Budgeting tools and savings planning tools

=> Tracks income and expenses by property

=> Identifies tax deductible rental expenses, profit and loss on rentals, and tracks paid and owed rents

=> Monitors tax status

=> Exports to TurboTax and generates tax reports for accounting

Quicken Rental Property Manager 2010 – The Good, The Bad, And The Ugly

Since this property management software program allows you to manage personal, business, and rental properties… you could look at this as a pro or a con because it adds to the functionality (aka complexity) but also provides an all-in-one solution for managing your entire financial picture.

Quicken Rental Property Manager 2010 does not allow you to collect rent online (like say PropertyBoss). But tracks income and expenses by property, identifies tax deductible rental expenses for you, has a complete profit and loss function for rental properties, and tracks paid and owed rentals for easy collections.

Imagine the ease of pulling one simple report to give to your assistant to call and collect rather than pulling folders and files for each of your properties…

… sounds nice, doesn’t it?

Quicken Rental Property 2010 monitors each property’s tax status throughout the year helping you to minimize taxes and maximize deductions. And also has a tax reporting feature for your accountant. All data can be exported to TurboTax and even prepares your Schedule E IRS tax forms.

And it costs $149.99 (no monthly fees… yeah!) and comes with a 100% satisfaction guarantee (which some programs do not have).

Quicken Property Management Software – Who is it right for?

This program is most applicable for someone doing cost accounting for less than 100 units. It allows for quick and easy data entry.  If you are familiar with Quicken software, the learning curve is minimal.  Neither the cheapest product on the market, nor the most expensive, Quicken Rental Property Manager 2010 is probably the most universally used product in the marketplace today.

Click here to learn more about Quicken Rental Property Manager 2010

If you have any questions or suggestions for other property management software programs, toss ‘em in the comment area.

Catch ya later,

Patrick

… aka P-Rid