Mike,

I handle this situation like this:
One income account to collect all the rental income
One expense account with pertinent subcategories (mngmt fees, utilities, maint, etc)

I have a report built and saved in favorites that pulls just those categories and shows the bottom line.

Scott

- quote -

in Money.

I am using personnal banking account to receive rental income and issue
monthly expenses (checks) to maintain the property. So rental check appear as
Credit on my personnal banking account.

I have set-up an Asset Home account and I am looking for a way to move all
Transactions related to rental property into that account so I can asset my
income vs. expenses. Is there a way to do that ?

2. Classification.
I have tried to setup subcategories under RENTAL PROPERTY: Montly Income
(for income) and Rental Property: Monthly Expense (for expense) however it
does not allow to mix income and expenses under the same category.

As you can see I am trying to isolate the rental property so it will show
all income and expenses in one place so I can see over time if I make money ,
tax etc...

Can you help ?

Thank you.
Michael.








"Dick Watson" wrote:

- quote -

Comments inline.

"Michael" <Michael[at]discussions.microsoft.com> wrote in message
news:F207770E-7907-480C-929C-E2C07CA632A6[at]microsoft.com...
- quote -

Others are surely better.

- quote -

The asset account is intended to maintain the value of the asset. Moving
income and expense transactions into this account probably only confuses
asset value and aqsset income/expense. I'm not sure how you'd do it and I'm
pretty sure you really wouldn't want to.

- quote -

Classification is probably a better solution than some Rental Property:xxxx
set ot income and expense categories. With classification, you can have
transactions like, say, Utilities:Water and classify these as Property:123
Oak St. Since classificaiton can be used for most reports and most other
things--sadly, not Find and Replace--you can dice and slice just
classifications of interest. For instance, you can report all transactions
for all categories for Class Property:123 Oak St.

- quote -

Classification enables you to leave this income and expense in the
categories and accounts that are already natural (e.g., you wrote a check in
the checking account for the insurance on the property--why try to fake it
into some other account?) while also allowing reporting, et al., to limit to
just the classification you want.

Read up on classification in the online help. Create a test file and play
around with some transactions. See how it works for you and post back with
questions.

Dick, it seems that you very knowledgable about set-up investment property
in Money.

I am using personnal banking account to receive rental income and issue
monthly expenses (checks) to maintain the property. So rental check appear as
Credit on my personnal banking account.

I have set-up an Asset Home account and I am looking for a way to move all
Transactions related to rental property into that account so I can asset my
income vs. expenses. Is there a way to do that ?

2. Classification.
I have tried to setup subcategories under RENTAL PROPERTY: Montly Income
(for income) and Rental Property: Monthly Expense (for expense) however it
does not allow to mix income and expenses under the same category.

As you can see I am trying to isolate the rental property so it will show
all income and expenses in one place so I can see over time if I make money ,
tax etc...

Can you help ?

Thank you.
Michael.








"Dick Watson" wrote:

- quote -

"changes to the asset account" may be too vague. Enter transactions in the
asset account that increase/decrease its value, i.e., balance. Use what you
consider appropriate Income or Expense categories. Don't forget to Expense
depreciation somewhere.

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:ORkLqIcTGHA.4600[at]TK2MSFTNGP11.phx.gbl...
- quote -

I'll watch the thread looking for an alternate answer, but in general Money
considers Investments for purposes of Investment Portfolio to be stock,
bonds, mutual funds, etc.

As to the issue at hand: increases in value can be reflected by changes to
the asset account. These changes will reflect in net worth reporting. I'm
not sure what you mean by "a way of associating rental income," but you
might find classification handy. Classification permits an (or two)
additional layers of tagging similar to category. For instance, if you
define Classification1 as Class, you can define Class and Subclass like
Rental Property:The Dump On Elm St. With this, then you could categorize a
property tax transaction as Taxes:Real Estate Tax AND classify it as Rental
Property:The Dump On Elm St. If you do this for all categories (e.g., Other
Income:Rental Property Rent) you can then dump a transaction report for
Class:Subclass Rental Property:The Dump On Elm St. and get all of its
transactions. For more on Classification, see online help or post back.

"Luminary" <Luminary[at]discussions.microsoft.com> wrote in message
news:8A10E13B-7E21-4328-9103-D193F625B64D[at]microsoft.com...
- quote -

I have purchased a house for the sole purpose of investment. Within M06 I
have created a 'house asset' and a linked 'mortgage liability'. This all
works well and I get plenty of pretty charts.

Fundamentally, this house is part of my investment portfolio and I am
wondering if there is a way to include the house in the Portfolio Manager
(without creating a second entry) so I can see my investment returns etc. I
need a way of associating rental income and increases in value of the house.

Thanks.