Property Management Banking and Trust Accounts Explained by a Banker in Plain English

You might think you know everything you need to know about property management banking and trust accounts. But, does your banker?
Allison DiSarro of Enterprise Bank & Trust (formerly Seacoast Commerce Bank) joins Marie and Brittany on The Property Management Show to talk about some of the risks that come with improper trust accounting. If you're curious about the merger of Seacoast Commerce Bank into Enterprise Bank & Trust, watch this recent episode of the podcast: • HOA vs. Property Manag...
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[@traviskirchdoerfer9653]

This info saved my business!! Thank you so much!! ❤

[@davidirizarry6216]

Ty..🎉

[@ThePropertyManagementShow]

You're welcome! We are always happy to provide valuable information to help property management industry professionals improve their businesses.

[@susanmartin7467]

Having trouble finding any financial institution in my state that knows what a clients' trust account is.

[@GeoffreyFlores]

As a PM company operator you need to know about trust accounts and how they work. Most states has specific requirements for trust accounts and even the name of those accounts. Finding a good banker is hard, ask your real estate attorney for recommendation.

[@ThePropertyManagementShow]

Finding a banker who understands the property management industry is hard, that is very true. That's why it helps to work with someone like the guest we interviewed on this episode -- her team has been focusing on the property management industry and on HOAs for a long time.

[@acutiff7125]

Very informative video. I’d like to start as a property manager and work with you but the link doesn’t have any info about banking. It’s only marketing. How can I work with you?

[@ThePropertyManagementShow]

Thank you! We are so glad to hear that you found our podcast episode about property management banking and trust accounts informative.
I do want to note that Seacoast Commerce Bank has merged into Enterprise Bank and Trust. You can watch the latest interview we had with Allison here: th-cam.com/video/QHKd8nhEiH8/w-d-xo.html.
Also, congratulations on your plans to start as a property manager! How far along are you in the process? If you haven't already, you can subscribe to our newsletter to get our latest blogs and podcasts delivered to your inbox: fourandhalf.com/subscribe/
The link to the article actually has Allison's contact information in there, but for your convenience you can email Allison's Enterprise Bank & Trust email address: [e-mail].

[@susanmartin7467]

Doesn't look like Seacoast offers any locations. Much of the time still need to physically go into the bank to deposit cash, etc. Too bad.

[@ThePropertyManagementShow]

Hi Susan, where are you located? Seacoast actually has physical locations in certain areas. In fact, they recently opened a branch in Las Vegas.

[@susanmartin7467]

Oregon

[@ThePropertyManagementShow]

@@susanmartin7467, please reach out to Allison DiSarro of Seacoast Commerce Bank as she can give you more specific information about your options. Email: [e-mail], Phone: [phone]

[@billfournier6114]

This recording is marginal the speaker's voice sounds like she is in a tin can. If she wore a mic the sound would be clearer and more understandable.