The random comment selector has chosen 2million of My Journey to Financial Freedom to be the winner of the free copy of Quicken Rental Property Manager. Thanks everyone for playing! There were some good comments as well.
I have 3 rental properties and have been keeping all my books by hand! Ugh!!! Can you imagine the hours this program would save me? I hope to have more properties in the future. I tried using a program called “Saferent” but wasnÃ¢â‚¬â„¢t impressed with it. If you choose me as the person to give the gift to and it doesnÃ¢â‚¬â„¢t work out for me, I promise to give someone else a go at it. It will not be wasted. Also, if you like, I will let you know if it was helpful to me or if I passed it on.
From Jon K:
I have one rental property now. Just filed my 2006 taxes- the first year to report activity from a rental property. I intend to never sell my residence. In other words, when I decide to move, I want to simply convert my current residence to a rental property. Not sure if thatÃ¢â‚¬â„¢ll work out, but that’s the plan. I’ve checked out this software in stores before, but I was holding off on buying it. Now that I’m once again in the market for a new home, it might not be a bad idea to have some software to manage my future real estate empire! ;-)
Valerie has this comment about the software:
Rental Property Manager might be OK for anyone who is NOT using Quicken itself. But, as Savvy notes in his review, RPM is very rigid in regard to changing categories, entering prepayments, etc. The big problem for Quicken users is that it is impossible to transfer the data from RPM to Quicken, so if you want a report on your Net Worth, you have to re-enter the data into Quicken. AND you can keep all the same information in Quicken just as well and not need to have a separate program at all.
Robin has a favorable review:
Just to let you know, I do use this software presently for my one and John’s 5 rental properties, and while I probably could have set up an Excel file to do at least some of the tracking for me, this is a much cleaner-looking solution which comes nicely set up. I track all of our income and outlay all year as it happens with this software, then print out all our Schedule E forms simply… One of the best features is that it tracks tenant information, providing nice centralized storage, and even alerts me when I need to update/renew leases…
Again, congratulations to 2million. Stay tuned; I have two more Quicken-related giveaways in the upcoming month or so.
Updated September 28, 2007 and originally published March 29, 2007.