Entities are ownership structures, things like personal names, a trust, company or even a Self Managed Super Fund (SMSF). Real Estate Investar allows you to have multiple entities. Entities can own 100% of a property, or perhaps in the event of a JV partnership, a % of a property.
- Click on Portfolio Tracker > My Entities & Goals > Add a new entity.
- Complete the fields and click "Save".
The most common ownership entity is Personal Ownership (i.e. under your own name) and by default, a "Personal Ownership" entity has already been setup in your account.
The video below walks you through how to get started with Entities, and then how to add your properties prior to Getting Started with Xero.
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