BiggerPockets

I have used both Quicken and Quickbooks Pro and have found that Quickbooks Pro is the better product. It also has better reports.

Good Luck,

Mike

Thank you both, sounds like QuickBooks may be the best option.

Save the $ on QB Premier. We use QB Pro and it is great. It is not quite half the price, but is much cheaper.

I also use Quicken (at home for personal finances) and recommend QB Pro for the business.

Although my previous post was edited to remove the URL since I haven't posted 10 times yet, more than the link was excluded.

I suggest QuickBooks as a better option than Quicken. For advice from experienced users on which version is best for your needs and how to set it up, search Google for "Intuit QuickBooks Community" and then search the forum for "rental property"

It may even be possible that Simple Start Free could meet your needs since you only have 5 properties. It is for first time QB users and lets you track sales, expenses & up to 20 customers. If it doesn't meet your needs you can easily upgrade to Pro, which several other folks on this forum have suggested.

Hope this helps.

I use Quickbooks 2006 (I guess Pro) and use it to track rentals, notes due, rehabs & flips, and also my speaking business.

I really recommend taking a Saturday to go to one of those non-credit classes that community colleges put on to learn how to use it in a day or so. I tried the user's manual and it just wasn't doing it for me.

QuickBooks has a sunset policy where they will stop supporting 2006. So if you purchase 2009 you should be good for three years.

I would recommend Managing Properties with QuickBooks Pro not simple start or Quicken Rental. There is more flexibility for customizing reports when you use classes.

Gita Faust
Author and Certified QuickBooks ProAdvisor