Tell me about tracking the value of the rental property

In Quicken Classic for Windows, asset accounts are used to track items that have value and may appreciate or depreciate over time, such as vehicles, real estate, or collectibles. If you've already created an asset account, you can update its value to reflect the current market or appraised amount. Updating the value ensures your net worth is accurate and up to date.

Note: You must have an existing asset account in place before you can update its value. If you haven’t created one yet, see the help topic for setting up an asset account.

Update an asset value

To enter a new value for an existing asset:

1. Open the asset account register.

2. Click the Account Actions icon

   

   (gear icon in the upper-right corner). 

3. Choose Update Balance.

4. In the Account balance field, enter the updated value for the asset.

5. In the Category field, select the category to use for the adjustment transaction. This is usually a category like Adjustments or a specific income/expense category you've created.

6. (Optional) Change the Date of the transaction, if needed.

7. Click OK.

Quicken will create a balance adjustment transaction in the register to reflect the updated value. You can view and edit this transaction as needed.

This feature requires Quicken Business & Personal. This feature is not available in Canada, Learn how you can upgrade Quicken in minutes.