Comments on: Quicken Rental Property Manager 2010

By: Randall Bos

Randall Bos — Thu, 21 Jan 2010 10:07:56 +0000

I have been using Microsoft Money for about 10 years and decided to convert to Quicken when Microsoft gave notice it would stop supporting the Money program. Quicken claimed it could import my Money file, which it did. Considering it took me many hours to clean up the import, it might have been easier to start from scratch at the beginning of a new year. None of my customized reports made it trough the import and other sections needed a lot of reworking.

My biggest issue so far is the lack of import and export functions in Quicken. Some of my banks do work well with Quicken and Quicken can automatically download transaction data from them with just one click; I love that function. But for other banks and credit cards, for example Citycards, the bank only exports csv, pdf, qif formats. Quicken 2010 will not import any of these, not even its own qif (Quicken Interchange Format). Quicken claims I have to go back to the 2004 version to import qif. It does export qif and qtf as well as pdf, and CSV for report data.

For the rental property section, I have not yet found a way to send invoices, late notices, or any other communication to tenants using the program. The “Rental Property Manager” seems to be a place to store all the financial data needed for tax purposes (and as you might expect from the Turbo Tax people – it does this well) but it does very little with other day to day management of rental properties.
Rating: 3 / 5

By: sarayale

sarayale — Thu, 21 Jan 2010 07:18:38 +0000

I have been using quicken rental property manager for many years now, version 2.5 is my current version. I upgraded to the new 2010 product and am returning for a refund. First of all, it will not pick up your old financial information. You can only transfer your tenant names and properties, but not any financial records. Second of all, this is like starting over with a whole new product, it is not at all similar to the stand alone rental property manager.

The old product I have is so intuitive, I was up and running in 2 minutes. Here I am struggling to figure out how everything works and see that many useful features are missing.To be honest,I did not spend too much time investigating, so maybe if you figure everything out you'll be happy but be forewarned if you simply think you are upgrading and will be getting a new version of the older product that is as easy to use. I will keep using the older product. I love it.

On the downside, the older product does not offer recordkeeping for all your other financial needs so you may need another version of quicken to supplement, for example, to balance a checkbook. Rating: 2 / 5

By: listener

listener — Thu, 21 Jan 2010 06:58:34 +0000

The basic functions are ok but I had trouble with the data imports from my financial institutions due to sweep accounts or the institution not working with quicken. Intuit does offer a 60 day money back guarantee which should be standard for software as you don’t know how it works until you use it.
Rating: 2 / 5

By: Jack L. Murray

Jack L. Murray — Thu, 21 Jan 2010 04:22:35 +0000

I am a Quicken Beta tester and have just completed the beta test for Quicken Rental Property Manager 2010. I found the program to be trouble free from the start of the test and improved from last years version even though the 2009 program was excellent in handling rental property management finances. The 2010 program allows the creation of reports and information in just about any form you desire.
Rating: 5 / 5

By: Richard H. Sturgeon

Richard H. Sturgeon — Thu, 21 Jan 2010 03:08:32 +0000

I have been beta testing quicken for the last 4 or 5 years and use the product on a daily basis have attempted to use money but reverted back to quicken. And look forward to being a beta tester next year.
Rating: 5 / 5