Rental Property Investor · Wake Forest, NC · Member since 2016 · 186 posts · 78 votes
So far I am really loving the Quicken Property Manager but ran into an issue that I cannot figure out. So we have two properties that are under a single loan. So the mortgage is for both properties obviously. How can I manually put these two properties in Quicken as separate properties under a single loan? It wont let me add a second property under one mortgage.
Property Manager · Grants Pass, OR · Member since 2009 · 429 posts · 201 votes
9y
Hey Nikki, I personally used to use Quicken property manager and home & business, but was never able to get it to handle advanced things like this. Not to mention their program gets worse and worse every year. This year when Quicken 2016 it stopped syncing with my bank (after their update), and continues to fail to categorize transactions I gave up and just went with Quickbooks Online. My advice, ditch Quicken.
Rental Property Investor · Wake Forest, NC · Member since 2016 · 186 posts · 78 votes
9y
@Nathan Miller Can you use Quickbooks for rentals the same way Quicken does. I want a software that has the loan details, payment details, equity etc with charts. I actually used Quickbooks in the past for work and absolutely hated it which is why I think I chose Quicken since it seemed more user friendly. I use another program to track my bank accounts but not being able to track individual properties under one loan will definitely make me look for another software.
Accountant · Richboro - Philadelphia, PA · Member since 2008 · 901 posts · 246 votes
9y
@Nikki Grizzle Split your mortgage or interest between two properties. I am no expert in Quicken, but it would be the same concept as using QuickBooks.
@Nikki Grizzle Split your mortgage or interest between two properties. I am no expert in Quicken, but it would be the same concept as using QuickBooks.
Yeah that was the first thing I tried however only 1 property can be under a single loan. It will not let me add one unless I erase the other. This does not work when trying to track both home values, categorize expenses for each home etc.