Creating an Owner Allocation for a Listing
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How to Add or Change Ownership on a Listing
You can update ownership on a listing at any time by adding a new ownership period. This ensures income is allocated correctly for owner statements, tax reporting, and 1099s.
Step-by-Step: Update Listing Ownership
Navigate to Listings
From the main menu, go to Listings and locate the listing you need to update.Open the Listing
Click into the specific listing to access its settings and ownership details.Add an Upcoming Ownership
In the Ownership section, add a new upcoming ownership.Adding an upcoming ownership automatically ends the previous ownership and creates a new one starting on the date you choose.
Select the effective start date (for example, January 1, 2026).
Assign Owner(s)
Choose the new owner for the listing.
If the listing has multiple owners, you can add additional owners and assign each a percentage of net income.
The system will still produce one owner statement per listing, but income will be allocated internally based on the percentages for reporting and 1099 purposes.
Save Your Changes
Confirm and save the updated ownership details.
Important Notes About Ownership Changes
Mid-Month Ownership Changes
If ownership changes during a month (for example, 15 days for one owner and 15 days for another), the system will automatically:Split the income by date, and
Generate two separate owner statements for that transition month—one for each owner.
Tax and Income Reporting
Ownership percentages are used for:Income allocation
1099 reporting
This ensures each owner receives the correct share of reported income, even when multiple owners exist.