Property management software for multifamily portfolios
A twelve-unit building collects twelve rents that all belong to one asset, often owned by more than one investor. The math is simple until it is not: one late payment, one repair off the top, one investor holding 15 percent, and the split you promised stops matching the spreadsheet.
Many units, one asset
The units share a roof, a boiler, and a mortgage, but each has its own lease, its own tenant, and its own payment history. You need both views at once: per-unit detail for collections and building-level totals for the people who own it. Most software makes you pick one and rebuild the other in a spreadsheet. AXYS records every payment against its lease and rolls everything up to the property, so the rent roll and the building P&L come from the same entries.
Ownership splits that must equal 100
AXYS stores each investor’s percentage on the property and enforces that the shares sum to exactly 100 percent at the database level. A split that does not add up cannot be saved, which means an owner distribution can never silently drop a share or pay one out twice. When a stake changes hands, you update the percentages and every payment after that point splits the new way, with no cleanup pass and no payout run to re-check by hand.
Distributions on every rent payment
Each unit’s rent splits when it arrives: the management fee comes off, withholding and reserves are carved out, and each investor’s share settles on its own. There is no month-end batch to trigger and no pile of pooled rent waiting on someone’s to-do list. See automated distributions and Why the batch run exists at all. For deals with tiers or a preferred return, the same mechanics extend to a waterfall distribution.
Reserves at the building level
Roofs and boilers are building expenses, so the reserve lives on the building. AXYS holds reserves per property with a sub-ledger of numbered movements, funded automatically as rent distributes. When the boiler fails in January, the money is there and every contribution that built the balance is on the record.
One ledger across all units
Every unit’s activity posts to one property ledger with double-entry discipline, so occupancy, collections, and cash all reconcile against the same entries. A vacant unit shows up as missing income on the same books that record the occupied ones, not as a gap you notice at year-end. See accounting.
- Per-unit ledgers roll up to a building view without re-keying anything.
- A late payment splits when it lands. Nothing about the building’s books waits for it.
- Investor statements draw from the same entries the manager sees, so the numbers cannot drift apart.
How does AXYS handle a building with multiple owners?
Each investor’s ownership percentage is recorded on the property, and the system enforces that the percentages total exactly 100. Every rent payment splits by those shares automatically, and each share settles to its own destination.
What happens when a unit pays late?
The payment splits when it arrives, the same as any other. Because distributions run per payment rather than in a monthly batch, a late unit delays only its own split, not the whole building’s payout.
Can different buildings carry different fee terms?
Yes. The management fee resolves through a cascade: lease first, then a property-level rule, then an owner-level rate, then the company default. Each building can have its own rate without manual edits at payout time.
See a building split cleanly
Book a 30-minute walkthrough and watch a unit’s rent arrive, split across investors, and settle with the books already correct.