Showing posts with label property managment. Show all posts
Showing posts with label property managment. Show all posts

7/27/2011

Landlord's Tenant Management Pro By Socrates Review

Landlord's Tenant Management Pro By Socrates
Average Reviews:

(More customer reviews)
This program is supposed to produce reports itemizing vendor expenses and tenant income. There seemed to be a problem when I tried to load the program on Windows XL and again with Vista. I could never get this program to produce any reports for expenses or income. I tried to get software support online. After sending me a patch that did not work, all subsequent e-mails were ignored. This is terrible product with terrible customer service and should be avoided!! It was a complete waste of my money!

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7/12/2011

Quicken Rental Property Manager 2009 Review

Quicken Rental Property Manager 2009
Average Reviews:

(More customer reviews)
Quicken came out with a rental property program a long time ago. It was called Quicken Rental Property Manager. I used it to manage my properties for many years.
This update is awful. You can't do half of the things you could do with the old program.
You can't split expenses between your rentals. You can't update certain fields once you have set them initially. Full of other bugs as well.
An awful experience. Now I am going to be in a lurch come tax time.


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Quicken Rental Property Manager brings your personal and rental property finances together so you can manage them all in one place.

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6/07/2011

Quicken Rental Property Manager 2011 Review

Quicken Rental Property Manager 2011
Average Reviews:

(More customer reviews)
I can't believe I paid money for this junk. Aside from the general bugginess, the unnecessary complexity of its model and the poor UI, this program simply cannot handle basic transactions that you would expect it to.
For example, if you have a typical mortgage payment comprising principal, interest and property tax escrow, there is no automated way to split the payment into those categories for tracking: you must do it yourself each time a payment is made. Also, if you make capital improvements to your property, there is no way to depreciate them -- and even if you do create a "liability account" manually, there is no way to import that information into TurboTax. Additionally, there is no way to map tenants' deposit money to transactions in a cash account: Quicken automatically puts the money into a liability account which cannot be mapped to an actual bank account.
In short: a total joke. Even worse, there is no real competition for managing the financial side of rental properties. Mint.com (owned by the same company) and all the rest are either focused on consumer finances or don't automatically download information from your bank. My advice is to get a spreadsheet and do it yourself.
The only saving grace of this product is a 60-day money-back guarantee. You can be sure I'll be using it.


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Quicken Rental Property Manager 2011 includes all of the features found in Quicken Home & Business, plus smart tools for managing your rental properties.
Always know how your home-based business is doing.

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