Quicken rental property manager helps you track your property’s value, loans, bank accounts, list of tenants, and income and expenses. Put simply, the software by Quicken gives a bunch of tools for the landlord to manage the financial aspects of their small to medium-sized businesses. Landlords just need to keep track of their tenants. The rest of the financial data is managed by the rental property manager.
Keep
reading to find out more details about this budget-friendly software.
Why Use Quicken
Rental Property Manager
The
rental property manager helps you track everything related to your tenants and
other financial data. It has a centralized rental dashboard that shows the
status of your properties at a glance. You can record everything from contact
information, move-in and move-out dates, security deposits, and rental
agreements of your tenants. The software makes tracking the rental income from
your credit card or bank easy.
Here
are some advantages of this rental property management solution.
- Continuously
monitor every unit – The software allows you to compute the total worth of
your properties. You can gather data on all your residences. It will add
your rental property’s value to your total worth.
- Add and
maintain tenant data – You can store all tenant information in the rental
property manager. From the personal information of tenants to the online
payments from them, it helps manage all. Moreover, it also gives alerts
for rent collection.
- Track your
expenses – With the rental property manager, you can track all your rental
expenses on every residence. The software organizes expenditure by unit so
you can easily compare all your rental revenue. It also gives you detailed
graphs of income and expenditure, allowing you to visually understand your
earnings.
- Access to
the personal finance modules of Quicken – the rental property manager also
gives you access to the personal finance modules, such as investment,
banking, and credit card account management.
- Helps you
prepare for the tax season – This software monitors and adjusts your
expenses. It exports the information so you can use it with the tax
preparation data.
How to Use Quicken
Rental Property Manager for Mac and Windows
The
rental property manager by Quicken supports platforms like Windows and Mac. It
also supports Android, iPad, and iPhone. Use these steps to quickly add a
rental property.
- Log into
your Quicken account on the software.
- Now, tap the
link for property navigation. It might be present as a button.
- After that,
tap the ‘Property’ and ‘Tenant’ labels.
- Next, select
the additional property.
- Now, just
enter the address of the property and its name and tag.
POINT
TO NOTE: Before you use the rental property manager on your system, ensure that
your bank account has been added to Quicken. Apart from this, you must connect
the property to your Quicken account. The tenant must also be allocated to the
property.
How to Add Units in a
Multi-Unit Property
- Fill in the
unit number and member of each unit.
- Tap ‘Add
events.’
- Now, you can
track the value of your existing property.
- Create an
account with the activation link of the property.
- Enter the
correct property value.
- Next, tap ‘Yes
I am tracking the value of my property.’
- Lastly, tap
‘OK.’
Through
this process, you can add units to your multi-unit property and also know the
value of your property in the rental property manager.
Summing up
Quicken
Rental Property Manager for different platforms is a
great tool for landlords. You can easily manage your rental business using its
various features. But sometimes, you may encounter glitches with it. In that
case, connect with a Quicken support expert.
