Tell me about adding rental property accounts


Accounts and categories in Quicken are equivalent to the traditional chart of accounts used for tracking income, expenses, assets, and liabilities.

Which rental property accounts should I add?

Quicken account Real-world account
Checking, credit card, savings, cash

(Tell me how)
Rental property checking, credit, savings, or cash

Add a Quicken account for each real-world checking, credit, savings, or cash account.


When you enter transactions, use Quicken categories to get the most from reporting, tracking, and analysis tools.
House

(Tell me how)
The value of your property

When you add a property in Quicken, Quicken creates a house account having the same name as the property name and links the house account with the property. But if you already have a house account in Quicken, you can link that house account with a rental property. When you add a house account, enter the original purchase price, and add balance adjustments for any capital improvements or market value changes.

Notes

If you want to link a house account with a loan account, right-click the account name in the Account Bar, click Edit/Delete Account, and select the name of the loan account in the Mortgage Account list. Quicken can also help you add a loan account to track any amount you owe, and then add a loan to track the payment schedule, principal, and interest.
Loan

(Tell me how)
Loans

Add a loan account to track any amount you owe, the payment schedule, principal, and interest.

This feature requires Quicken Rental Property Manager. Learn how you can upgrade Quicken in minutes.

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Tip: To find out which version of Quicken you are using, open Quicken go to Help menu and select About Quicken.