Question 1

Can I manage properties for multiple owners?

Accepted Answer

Yes. MyProperty supports multi-owner portfolios. Each owner has their own properties, units, invoices, payments, and financial reports. You manage everything from one dashboard but finances are kept completely separate per owner.

Question 2

Does MyProperty support co-owned properties?

Accepted Answer

Yes. A single unit can have multiple owners with different ownership percentages. Rent is split automatically based on ownership shares, and each owner gets their own invoice with the correct TDS calculation.

Question 3

Can different owners have different TDS rates?

Accepted Answer

Yes. MyProperty allows you to set different TDS percentages for each owner on the same lease. This is especially useful when owners have different tax statuses (e.g., NRI vs resident).

Question 4

What software do property managers use to manage multiple owners?

Accepted Answer

Property managers use software like MyProperty to manage multiple owners from a single dashboard. It keeps each owner's properties, tenants, rent collections, and expenses completely separate while giving the property manager a unified view. Financial reports can be generated per owner, making monthly owner statements easy.

Question 5

How do I manage a property with multiple co-owners?

Accepted Answer

To manage a co-owned property: (1) Add each owner with their ownership percentage, (2) Create a lease for the property, (3) MyProperty automatically splits rent and calculates TDS for each co-owner based on their share, (4) Each owner gets separate financial reports and payment tracking.

Multi-Owner Property Management

Overview

How Multi-Owner Management Works

Add Owners

Assign to Units

Auto-Split Invoices

Track Separately

Key Benefits

Per-Owner Financials

Co-Ownership Support

Owner Bank Accounts

Owner-Wise Reports

Frequently Asked Questions

Manage Any Number of Owners