Managing rental properties can be challenging, especially when tracking expenses, managing tenants, and preparing tax-related paperwork. The Rental Property tab is Quicken's tool to simplify rental property management. For this introduction, we will explore the various features of the Rental Property tab that help property managers, landlords, and real estate investors efficiently manage their rentals. Its friendly interface and comprehensive features allow you to efficiently manage tenants, track rental income and expenses, project cash flow, and prepare tax-related paperwork.
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The Rental Property tab offers several reports that can help you keep track of your rental properties, including a Tax Schedule report,a Schedule E report, a Cash Flow report, and a Cash Flow Comparison report. These reports provide detailed information on your rental properties, allowing you to make informed investment decisions.
Vehicle Mileage Tracker
The Rental Property tab offers a Vehicle Mileage Tracker to track rental property-related mileage, charity work, medical trips, and trips to and from owned rental properties. The software allows you to enter new trips and generates tax-deductible mileage categories. It is essential to check with a tax advisor before deducting mileage costs.
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