How do I add a rental property?

Adding a rental property in Quicken Classic for Windows helps you manage rental income, expenses, tax reporting, and documents. Each property is tracked separately, whether it's a single-family home or a multiunit apartment building.

Note: This feature is not available in the Canadian version of Quicken Business & Personal.

Before you begin

To add a rental property, make sure you have:

• A name and address for the property

• At least one unit name if it’s a multiunit property

• An approximate property value (optional)

• Any related documents you want to attach

Open the Add Property screen

To start, open the Rental Property tools and choose to add a new property. This opens a form where you can enter information about the property.

1. Go to the Rental Property tab.

2. Select Properties & Tenants > Add property.

Enter property details

This section lets you name the property, assign a tag, and enter the address. Tags and names help organize data in reports and the Rent Center.

• Property name*
  Use a short, descriptive name for the property. This name appears throughout Quicken, including reports and account views.
  Example: For “500 Mayfair Park,” enter Mayfair.

• Tag*
  Tags let you filter transactions by property across reports and tools. Use a word or label that clearly identifies the property.
  Example: For “310 Central Park,” use Central.

Tip: Use the property name to describe the building and the tag to group similar properties or track location-based details.

• Address*
  Enter the full mailing address of the property, including street, city, state, and ZIP code.

Choose property type

You’ll need to specify whether this is a single-unit or multiunit rental. This affects how Quicken tracks tenants and rent.

• Single unit property – For standalone homes or condos rented to a single tenant.

• Multiunit property – For apartments, duplexes, or any rental with more than one unit.

Add units to a multiunit property

If you selected multiunit, enter the unit numbers or labels here. Quicken requires at least one unit entry for multiunit properties.

Enter each unit name or number in a separate field. Click Add more units if you have more than ten. Use the Delete link to remove a unit you no longer need.

Track the value of the property (optional)

Tracking property value helps include it in net worth reports and lets you manage equity and loans more effectively.

Choose whether to track the value now, link to an existing house account, or set it up later. If you're not sure, you can update this later in the account list.

What’s a house account?
A house account tracks the value of your property as part of your net worth. It isn’t linked to income or rent directly but lets you monitor equity, depreciation, or related loans.

Add documents (optional)

You can attach documents such as deeds, inspection reports, and lease agreements to the property record.

Click the Property Documents tab, then select Attach. Choose a file, enter notes if needed, and click Open to save the document.

Save the property

After completing all fields and options, click OK to save the new property.

Once saved, the property appears in the Rent Center, and you can begin assigning tenants, recording rent, and tracking expenses.

Fields marked with an asterisk (*) are required.