In DoorLoop, property Owners control or own the properties and units you rent out to tenants. You need to track property owners in DoorLoop so you can keep track of who you distribute the property rent profit to, and who contributes money to the property to pay for bills when necessary.
If you own the property you manage, you are the property owner! Otherwise, you are a vendor collecting management fees before distributing rent profit to owners.
This article shows you how to connect your properties to your Owners.
Go to Rentals < Properties and click on the property you want to connect to an owner.
You can also sort the list by the various columns and filters or use the search bar to help you find the property.
Click on the Settings tab and then click on the Owners button.
You can add one or more owners here using the + Add Owner button.
Find and click on an existing owner or use the + New Owner button to create a new owner.
If you are creating a new owner at this point, enter as much information for the owner as you’d like, but only either a First Name and Last Name combination or Company name is required. Review this article on creating owners to learn more.
Back in the Property Owners window, the total ownership percentage for all owners needs to equal 100% before you can click Save.
You can remove an owner from this page by clicking on the red trash can icon on the top right corner of the owner and then clicking the green checkmark to confirm.