Banking Services for Property Management
At Sunwest Bank, we understand the financial complexity of managing multiple properties, owners, and tenant relationships. With nearly five decades of industry experience, we offer property management banking solutions designed to help you simplify operations, separate personal and business funds, and build long-term financial success.
Whether you’re a property manager overseeing rental homes or a real estate investor managing a growing portfolio, we deliver banking services tailored to the way your business operates. From setting up the right bank accounts to helping you manage rent payments and reserve funds, our property management specialists act as an extension of your team.
Banking Solutions Built for Property Management
We offer straightforward banking solutions that support your day-to-day needs, from collecting rental income to managing expenses across multiple properties. Our accounts and services are designed with the tools, controls, and integrations that property managers and real estate professionals rely on.
Business Checking Accounts
Manage daily operations across your entire portfolio with flexible, low-maintenance options
Purpose: Simplify financial management with multiple business checking options for operating, trust, and reserve accounts.
Use Cases: Rent collection, vendor payments, security deposits, owner distributions.
Features:
- Business checking accounts with competitive interest rates
- Low or no monthly fees based on minimum balance requirements
- Separate bank accounts for trust, operating, and reserve funds
- Virtual debit cards for employee and contractor access
- Easy-to-integrate with leading property management software
Ideal for property management companies that need scalable, transparent banking to support growth and compliance.
Cash Management & Treasury Services
Streamline rent payments, optimize cash flow, and reduce manual work
Purpose: Manage inbound and outbound payments across all properties in one secure platform.
Use Cases: Online rent payments, owner distributions, remote deposits, vendor management.
Features:
- ACH, wire, and remote deposit capture
- Positive Pay and dual controls for fraud prevention
- Real-time cash position monitoring
- Automated rent and fee reconciliation across accounts
Perfect for property managers seeking full visibility and control across all cash movement and financial accounts.
Deposit & Reserve Accounts
Protect client funds while earning interest on idle balances
Purpose: Securely hold and track tenant security deposits and property reserves in accordance with legal requirements.
Use Cases: Security deposits, reserve funds, escrow accounts.
Features:
- FDIC-insured business deposit accounts
- Competitive interest rates on savings and money market accounts
- CD and CDARS options for maximizing coverage on large deposits
- Supports regulatory compliance for trust account separation
Built for companies that need safe, efficient ways to manage and grow funds while staying compliant.
Loans & Lending Services
Fuel growth and stay financially agile with customized lending solutions
Purpose: Empower your property management company to expand operations, fund capital improvements, or smooth out seasonal cash flow.
Use Cases: Property acquisitions, renovations, equipment purchases, working capital, refinancing existing debt.
Features:
- Flexible term loans for property upgrades, expansion, or repairs
- Revolving lines of credit for managing cash flow or covering unexpected expenses
- Equipment loans for on-site maintenance tools or office technology
- Recapitalization loans to refinance existing debt on more favorable terms
- SBA loans available for qualifying businesses
Our property management lending solutions align with your business goals and cash flow. Whether expanding your portfolio, upgrading assets, or managing seasonal income.
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Featured Property Management Insights
Access expertise from our team of property management banking specialists who understand your business:
- Optimizing cash flow across multiple properties
- Protecting security deposits and reserve funds
- Ensuring compliance as regulations change
- Preventing fraud with strict controls
- Simplifying accounting with integrated reporting
Consider us an extension of your team here to see you succeed. At Sunwest Bank, we have decades of experience and knowledge in the property management industry and can provide valuable insights and tailored solutions.
Why Sunwest Bank
Sunwest Bank offers more than just accounts—we offer insight. Our dedicated property management specialists understand your business model, cash flow cycles, and compliance responsibilities. We partner with real estate investors, management firms, and independent landlords to offer:
- Multiple business checking options with flexible structures
- Competitive interest rates and FDIC-insured deposits
- Seamless integration with property management software
- Personalized service with fast, responsive support
- Tools to manage rental income, security deposits, and expenses all in one place
Whether you’re looking to simplify rent collection, reduce accounting headaches, or choose the best bank account for a property management company, Sunwest Bank is here to help.
Our Property Management Financing Experts
Frequently Asked Questions about Property Management
What should I look for in a bank for property management needs?
Look at banks that offer businesses industry-specific professionals and services that meet property management industry needs, like trust accounts, integrated reporting and software, fees, and remote deposit.
How can I ensure legal compliance?
We simplify the process by automating 1099 tax reporting annually we keep security deposits in a separate account.
How does integration technology help me save time and money?
The technology integration between your management company software and the bank streamlines your financial processes by enabling all banking tasks within your chosen software. This accelerates the monthly financial reporting process, saving time and money.
How Many Bank Accounts Should a Property Manager Have?
Best practice recommends maintaining separate bank accounts for:
- Operating funds
- Security deposits (trust account)
- Reserve funds (long-term projects or repairs)
- Owner distribution accounts (if applicable)
This structure not only simplifies accounting but also ensures compliance with most state regulations requiring trust accounts to protect client funds.
Do Property Management Companies Need a Trust Account?
Yes—most property management companies are legally required to hold tenant security deposits in a trust account that is separate from their operating funds. This ensures transparency, protects client assets, and maintains compliance with state laws. At Sunwest Bank, our specialists can help you set up and manage these accounts to meet regulatory standards.
What Are the 5 P’s of Property Management?
While not banking-specific, understanding the 5 P’s—People, Property, Paperwork, Policies, and Profit—is crucial for operational success. Our banking services help you manage:
- People: Streamlined payments for owners, tenants, and vendors
- Property: Account structures that reflect each property’s unique needs
- Paperwork: Automated reporting and reconciliation tools
- Policies: Controls for trust fund compliance and fraud protection
Profit: Interest-earning accounts and cash flow optimization tools