Partners see the same numbers, and every bill splits to the cent.
Properties belong to an ownership entity (a corporation, partnership, trust or individual) with owners holding percentage stakes. When a repair invoice or capital call comes in, Propvara splits it by stake, rounds fairly so the pennies add up, and shows each partner who has paid.
$1,472.00 of $1,840.00 paid · shares always add up to the cent
What it does
- Ownership entities: corporation, partnership, trust or individual
- Owners with percentage stakes that must total 100%
- Invoices and capital calls split by stake with largest-remainder rounding, so totals always match
- Payment status per owner, visible to all partners
- Delegates such as a bookkeeper or adult child, with limited access
- Invite co-owners by email; they're linked once they verify their address
- Pay your share onlineComing soon
- Owner distributions after expensesComing soon
Who it helps
Landlords
No more "who owes what" spreadsheets between partners or family members.
Property managers
Invoice the ownership group once; Propvara tracks each owner's share and payment.
Accountants
Each owner's share of income and expenses, ready for their personal or corporate return.
Questions about this feature
What happens to the extra cent when a bill doesn't divide evenly?
Propvara uses largest-remainder rounding: everyone's share is rounded down, then the leftover cents go to the owners with the largest fractions. The shares always add up to the invoice total.
Can a property have owners who aren't on Propvara yet?
Yes. Add them by email. Their share is tracked from day one, and they see everything once they sign in with that email.
Works well with
- Owner approvals Set a spending limit. Anything above it waits for the owner's yes, with the evidence attached.
- Operating statements & T776 Income and expenses mapped to CRA Form T776 lines, by property, entity or owner.
- Repairs & maintenance Every repair as a case: tenant report, photos, visits, quotes, invoice and outcome on one timeline.
See your portfolio reconciled.
Try every feature free for 14 days. Founding members keep 30% off for as long as they stay.