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Manageability

Manageability

Trust accounts vs individual accounts: How to optimise efficiency while meeting your clients’ needs

Property Management companies have two options when it comes to managing their communities’ accounts: a series of individual bank accounts for each community, or a single, central trust account in the name of the managing agent. “Trust accounts are the preferred option for most larger property management businesses because of the processing efficiencies that they provide,” says Danie van der…
James
6th Sep 2019