Managed property in Quicken Mac

Forever Figuring

How do I set up an account for a property managed by a property manager? Using Quicken Mac.

Previously, we owned a property, received rent, and deposited it into a bank account. I’d link that account to Quicken. Any bills would be paid by credit card. I’d also have that linked to Quicken. I was able to set up categories and reports showing income and expenses in Quicken.

Now income comes to us through a property manager with expenses deleted. I put them into a Quicken-linked bank account used for that property. The manager does give us a report showing all expenses. I can't download anything from them for my Quicken records.

Can I set up the property manager as an entity, even though it’s not a bank, and then manually enter the expenses?

Any suggestions would be appreciated.

[Edited - Readability]

Quicken Kristina

Hello @Forever Figuring,

Thank you for reaching out! To help, please share more details. What is your goal? For example, do you need these expenses to appear on specific reports? Do you track the expenses for tax purposes?

You can create a manual account to track these expenses. Please keep in mind that if the income downloads into Quicken with the expenses already removed, you may need deposits in the manual account to offset the amount of the expenses so that the expenses are not double-counted.

A manual cash account may be a good fit, since this is to track transactions that are not happening in any connected bank account. For more information on cash accounts, please review this help article: https://info.quicken.com/mac/setting-up-cash-accounts

I hope this helps!