Quicken Rental Property Manager 2017 is designed to help landlords manage their rental properties by tracking income, expenses, and tenant information within the same file as their personal finances. It simplifies the process of recording rent payments, tracking due dates, and managing lease renewals.
Here's a more detailed breakdown:
Key Features:
Integrated Management: Combines personal and rental property finances in one place.
Rent Tracking: Helps track rent payments, overdue amounts, and lease renewal dates.
Tenant Management: Stores tenant details, security deposits, and rent information.
Expense Tracking: Categorizes expenses and helps identify tax-deductible items.
Performance Analysis: Allows tracking of profits and losses by property.
Lease Management: Stores lease terms, rental rates, and other important lease information.
How it works:
Install the software: It's available as a CD-ROM for installation.
Enter Property Information: Input details about each rental property, including units, tenants, and lease terms.
Track Income and Expenses: Record rent payments, security deposits, and all relevant expenses.
Generate Reports: Create reports to analyze property performance, track expenses, and prepare for taxes.
Benefits:
Organization: Keeps all rental property information organized and easily accessible.
Efficiency: Streamlines the process of managing finances and tenant information.
Accuracy: Helps avoid errors in rent tracking and expense reporting.
Profitability: Provides insights into property performance to help maximize profits.