Real Estate Accounting Software - another perspective

[Leonard L.]

I have read the threads already but it seems my needs may be different than most.   I have a medium sized portfolio of rentals which are all managed by a third party.  I have full financial reports available from my manager.  But I also fix and flip, although I use a GC so the accounting for that is pretty easy.  So really I just need accounting software which tracks various assets, my basis in those assets, and gain/loss when I sell.

I have used Quicken for many years but upgraded a year ago to Quickbooks for one of my entities just as an experiment.  I have found that it is more than I need.  Plus, I paid $250 for the QB Pro 2015 just a year ago and found out yesterday that when I reinstall Windows to solve any computer problems, a disc more than a year old will not reinstall.  Customer Support said the year of the disc must match the calendar year!  I feel that was not disclosed.

Anyway, I am giving up on QB and thinking about just going back to Quicken.  But I admit Quicken is not great for real estate in terms of tracking basis of myself and my investors in each partnership (capital accounts), etc.  But I also do not need 95% of the capacities of QB.  Because of my use of property managers, don't need to track most property expenses in any sophisticated way.  But I would love to have something more useful for tracking real estate accounting than just Quicken.

Anyone else in my situation?  What do you use???