Property manager

Paul Nibur

I'm a long time user of Quicken thinking of updating to Property manager. I have 3 rentals and have a property manager but think additional features would be useful, even if not necessary. Just looking for thought regarding whether I can accomplish many of the same features by carefully using categories and tags in Quicken Delux

smayer97

Presumably you are considering the H&B version, which now includes Rental Property management. I have 6 tenants (no manager) and do just fine without it. So it just depends what your needs and desires are.

smayer97

Actually, though there is always more than one way, for rentals, Tags is EXACTLY the best answer to organize categorization of income and expenses. Without tags, though doable, it would me more convoluted, requiring repeating categories, etc.

Simply, you create your income and expense categories then you apply tags for each property, and even down to each tenant at each property, to keep track both for tax purposes and for tracking what applies to each tenant.

smayer97

Presumably you are considering the H&B version, which now includes Rental Property management. I have 6 tenants (no manager) and do just fine without it. So it just depends what your needs and desires are.

Paul Nibur

Thank you. I'm thinking, "I don't need it, but I may enjoy having the ease of identifying each expense". In preparing for my taxes this year I was rather disappointed in myself for some sloppy categorization rules which put expenses in different places. I also just looked at "tags" which I haven't used in the past but don't think that's the answer either.

smayer97

Actually, though there is always more than one way, for rentals, Tags is EXACTLY the best answer to organize categorization of income and expenses. Without tags, though doable, it would me more convoluted, requiring repeating categories, etc.

Simply, you create your income and expense categories then you apply tags for each property, and even down to each tenant at each property, to keep track both for tax purposes and for tracking what applies to each tenant.

Paul Nibur

> @smayer97 said:
> Actually, though there is always more than one way, for rentals, Tags is EXACTLY the best answer to organize categorization of income and expenses. Without tags, though doable, it would me more convoluted, requiring repeating categories, etc.
>
> Simply, you create your income and expense categories then you apply tags for each property, and even down to each tenant at each property, to keep track both for tax purposes and for tracking what applies to each tenant.

Thanks again. I will give it a try before I say too much more. I appreciate your helpful and speedy response!

smayer97

ywc. Glad to help.