28. Avoid Property Management Banking Fraud with Allison Disarro of Enterprise Bank
Property Management Business
Managing Property Management Banking Fraud Risks
The chapter delves into the risks property management companies face due to incorrect bank account setups, using a real-life example involving Chase bank and audit issues, emphasizing the importance of trust accounts for holding funds securely. It discusses the benefits of trust accounting compliance and highlights the advantages of earning credits through banking relationships for covering various business expenses, with a focus on a property manager benefiting significantly from this arrangement.
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