Best accounting software for landlords - Quickbooks or Quicken Rental Property Manager?

[Jeff L.]

For landlords out there who don't manage themselves, which is better: Quickbooks or Quicken Rental Property Manager?

Which gives you the better reports, better data? I hear Quickbooks has a steep learning curve and is more generic so it's not tailored for landlords. But I see most people using it. Quicken seems more tailored to landlords, but I see less people using it.

Which is better, in your opinion?

[Gita Faust]

My questions to everyone who everyone on this forum:

-- 1st question -- Are you running a business? I am sure you do because you are in this forum.

-- When you purchase a property - do you analyze it to see if it is profitable? If you said NO scroll down to see my answer ### 1

-- What do you do after you purchase the property? Do you analyze each property, each expense made, ......???? If you said YES scroll down to see my answer ### 2

-- 2nd question -- Is why would you go to Dunkin Donut vs Starbucks?

-- 3rd question -- Would you like to make $$$ or $$$$$? Work on making a profitable deal then doing admin work. Did you read the Four Hour Work Week?

Does not matter which software you choose. You need to make the investment in the software, learning, education, books and consulting. It is the same concept of purchasing a property and making a profit. How much time did you spend on Biggerpockets alone to learn?

Time is Money. We are all about Saving Time. Saving Money. Being Profitable.

###1 use Quicken

###2 use QuickBooks

Quicken is for personal use and QuickBooks is for business. 

Enjoy your day:)

Gita Faust