What Is PropertyZar™‘S Definition Of Buildings And Properties?
From gathering online fees to screening prospective tenants, PropertyZarTM provides cutting-edge property management software and solutions to make managing your properties a lot easier than ever before. We help you handle all aspects of being a landlord with ease and convenience, from collecting online payments to screening potential renters.
Property
A property is any item that you lease out.
- A SFH, apartment, room, dorm, suite, lot are examples of properties. Some people refer to units or doors as properties. If you have a big boarding house for college students and offer rooms on PropertyZarTM , each “room” you leased is a “property".
- A lot is the portion of a mobile home park that you lease. Your property would be the MH on the lot if you also owned it.
- Each suite in a commercial strip is a separate property.
- All of the store suites at a mall would be properties. A quad unit comprises four properties, a duplex two, and so on.
In summary, it's a property if you can write a lease for it.
Building
A building in PropertyZar™ simply means it holds multiple properties.
Examples:
- A Mall
- The name of the strip plaza
- A mobile home park
- An apartment “building” that holds multiple apartments (Bldg “A”, Bldg “B” etc)
- A college building that holds multiple dorms (The Pangle Hall Building etc.).
*Buildings are optional in PropertyZar™.
So why should you use Buildings?
The owner, building, or property can all run our financial reports. You may examine what your entire "Building" did financially for a certain length of time, or just one piece of "property".
Now that you know PropertyZar™‘S definition of buildings and properties, you understand how breaking down financials by buildings, properties, or owners, can help you gain flexibility and a deeper understanding of your portfolio. With PropertyZar™, managing your buildings and properties has never been easier. Check us out today and explore our Software options!
