Managing multi-tenant properties with six or more units can create endless administrative tasks. Our Landlord - Tenant Account can help provide ease and efficiency when managing rental security deposits.
- Detailed monthly statement for each property with sub-accounts for each tenant’s security deposit
- The landlord/managing agent holds security deposits in trust for the tenant
- The landlord/managing agent controls the account and all withdrawals
- Tenants cannot access the accounts
- Tenant interest distributions administrated by Pathfinder Bank