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Best Way to deal with Multi-Tenancy Property

Tips and advice on how to use Landlord Vision.
landlordvision
Posts:23
Joined:Fri May 13, 2016 2:19 pm
Best Way to deal with Multi-Tenancy Property

Postby landlordvision » Fri May 13, 2016 3:04 pm

We're new to LandlordVision and are looking for the best way to setup our properties on the system. I have checked the FAQ's and haven't found anything on this specific issue.

We currently have 3 industrial sites and 3 residential sites, each with multiple tenant occupancies.

On each residential side we plan setting up each single room apartment as a "Room" within the main property. So far this seems to be fine.

On the commercial site (which is still one property with a single postcode) we have industrial "Units" within it and would like to know if there is a better way to differentiate each one without resorting to classifying each one as an entirely different property. So the question is, "What are the options on LandLordvision on how to set up a multi-tenancy property to best manage each industrial sub-unit ?"

emm
Posts:36
Joined:Fri May 13, 2016 2:27 pm

Re: Best Way to deal with Multi-Tenancy Property

Postby emm » Fri May 13, 2016 3:05 pm

For multi-tenancy properties there are only the two options that you have mentioned:

a) Setting up each industrial property as the property with each unit set up as 'Rooms', just as you do for the residential property, or

b) Set up a separate portfolio with each unit as a property.

Income and Expenses can be recorded against various levels, including a specific 'room' in a property


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