Adding Rental Accounts and Properties in Quicken for
Windows Home, Business & Rental
Before adding your property and tenant information, Quicken
first needs to know where you would like your rental property income and
expenses recorded by adding your rental related accounts to your Quicken file.
Be sure to add all checking/saving/credit card accounts
connected to your Rental Properties to see the full financial picture and ensure
accurate reporting in Quicken.
Adding
Accounts in Quicken for Windows
If you would like to manually enter your transactions and not connect to your Financial Institution to download your transactions, select
the blue “Advanced Setup” link from the bottom left of the Add Account window.
Add a Property (1)
Quicken uses the information entered about your rental
property to group together rental transactions and can use this information to display the income and
expense transactions for your rental property.
If you would like Quicken to display the income, expenses,
and tax deductions by rental property, a separate rental property must be added
in Quicken to correlate to each real-world property.
To add a Rental Property in Quicken, go to the Rental Property
Tab and select “Properties & Tenants” in the upper right corner, then “Add
Property”. Enter the property details,
including Unit information (if adding a multi-unit property).
Tags (2)
After entering the Rental Property name, Quicken
automatically creates a “Tag” with the same name as the property. Tags are used to associate transactions with
the appropriate rental property or unit and can be used to filter reports to
view all transactions associated with a specific property or unit.
Track value of rental
property (3)
If you would like to track the rental property in your Net
Worth reports, select “Yes, I want to track the value of this rental property”
and enter the Approximate value of the property.
A house account will automatically be created by Quicken
that has the same name as the entered Rental Property and the same opening
balance as the entered approximate value of the property. (If a “house account” already exists in
Quicken and you would like to link it to the rental property, select the
already existing house account in the House account name list)
Property Documents (4)
Every property added to Quicken has a storage section for
documents, such as property registration documents, deeds, pictures, maps of
the property, etc. These documents are uploaded
to Quicken for easy access and can be sent directly from
Quicken via email to easily share photos or maps of the property with others, such as prospective renters.
