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Joint ownership of properties

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stevespfwe
Posts: 13
Joined: Thu Sep 07, 2017 11:31 pm

Joint ownership of properties

Postby stevespfwe » Tue Sep 19, 2017 8:56 pm

Hi,

I'm currently evaluating LV, and was wondering how it copes with joint ownership of properties?

Is it possible to assign multiple landlords for a property? Do income tax reports take joint ownership into account?

In my scenario, there are 3 properties, 2 of which are jointly owned. How would this work in LV?

Thanks for any help.

roy
Posts: 47
Joined: Tue Aug 23, 2016 11:38 am
Location: United Kingdom

Re: Joint ownership of properties

Postby roy » Mon Sep 25, 2017 4:56 pm

Hello

Thank you for contacting support

In Landlord Vision you can create different portfolios into which you can enter your properties based on ownership. Then, once you have entered all of your data, run the income tax report and enter the ownership percentage of the person you are running the report for. Remember that the percentage is for the portfolio as a whole, so if you have varying levels of ownership, you either need to separate them all out into individual portfolios based on ownership, or run he report multiple times and compile the data in a spreadsheet

Once you have set up your portfolio, assign your landlords to the portfolio and they will be assigned as landlords to every property created in that portfolio

Kind regards
Roy

stevespfwe
Posts: 13
Joined: Thu Sep 07, 2017 11:31 pm

Re: Joint ownership of properties

Postby stevespfwe » Sun Oct 08, 2017 8:50 am

Thanks for the information Roy, just what I needed to know.

One further question - can I re-assign/add landlords later if ownership changes in the future?

Thanks.


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