Add a property and its units

Add a rental property to your account and set up the units inside it.

Before you start

• You need to be a property manager, account owner, or admin.
• Your plan sets how many properties and doors you can manage (Free 2 properties and 2 doors, Pro 20 and 20, Portfolio unlimited). A door is a rentable unit, so a six-unit building is one property but six doors, and the tighter of the two limits applies. If you are at either limit, you are prompted to upgrade.

Steps

1. Select Properties from the menu, then New property.
2. Fill in the property details. - Name, a label you will recognize, like "123 Main St". - Address line 1, plus Address line 2 for an apartment or suite if any, City, Province, and Postal code. As you type the address, matching suggestions appear. Pick one to fill the city, province, and postal code for you. - Map. A map sits under the address and follows what you enter. It recentres when you pick a suggestion and when you finish typing a full address. You can also drag the map so the pin sits on the exact spot, and the address fields update to match. Pinch with two fingers to zoom on a phone, or use the plus and minus buttons. Typing the address by hand always works too, so the map is optional. - What are you adding? Pick A house (single-family or townhouse), A condo (a unit you own in a building), or A building with units. For a building, choose the Kind of building, a multiplex or an apartment building. - Year built is optional. - How is this property used? Leave it on Rental for a property you rent out. - Financials are optional too: the Purchase price, the Closing date (the day the purchase closed) and the Closing costs (land transfer tax, legal fees, title insurance, the inspection). Closing costs raise your cost base, so they lower the capital gain you report if you ever sell. The closing date is the acquisition date your tax package and a future sale count from, so it cannot be in the future. You can add or change both later from the property's Financials section.

3. Choose Create property.
4. Open the property, go to Units, and fill in Add a unit. Each unit has a Label like "Unit 1" or "Main", plus optional details such as beds, baths, size, parking, storage, furnished, and pets. On Pro and up you can also set a unit's Market rent for benchmarking. Choose Add unit to save it.

Work through the list on a computer

On a screen 1024 pixels wide or more, the Properties list is a compact table.

• Select a heading, Name, City, Province or Units, to order the whole list by it. Select it again to reverse the order. The order stays when you reload the page or share the link.
• The headings stay in view while you scroll a long list.
• Select Columns to hide City, Province or Units. Your choice is remembered on this browser.

On a phone or a tablet the list shows as cards, as before. A link that already carries an order, for example one you copied on your computer after sorting, opens in that same order on your phone too. Sorting itself is chosen on the computer.

What happens next

• The property and its units are ready to use when you create a lease, which links a tenant to a unit.
• A single-family home is simply a property with one unit. Wealthru sets that one unit up for you behind the scenes for a condo, house, or townhouse, so there is nothing to add unless the property really does have more than one door. The first real unit you add takes the place of that hidden one rather than sitting beside it, so your door count stays honest.

Troubleshooting

• "Plan limit reached". You have hit your plan's property or door limit. Open Billing from the menu to upgrade, or archive a property you no longer rent out, which frees its slot and its doors.
• Changing the property's use was refused. Somebody still lives there. Switching a rental to a primary residence or a second home turns off units, leases, rent, screening, and the rental part of your tax package, so the tenancy has to be wound down first. Record the notice and move-out, then change the use. Going the other way, turning a home into a rental, is always allowed.
• You cannot see a property. Managers only see properties they are assigned to. An account owner or admin assigns managers to properties.

Say it instead

You can also do this by saying or typing it: press Cmd K, or tap Say or type on a phone. If your account has it turned off, use the steps above.

1. Press Cmd K (or Ctrl K), or on a phone tap Say or type at the top of the screen.
2. Type or say it. For example, add a unit.
3. Answer the few questions it asks by tapping: the property, then the unit's name.
4. Check the card, then choose Yes, record it. Saying add a property tells you how many you have and opens the New property form, where you type the address. Nothing is saved until you finish the form.

Do it on the page is there at every step, and it keeps what you already answered where this page can take it.