Property Management Banking
Simple, Efficient Banking for Management Companies
At Peoples Bank, we provide a one-stop, integrated banking relationship designed for commercial real estate developers, sponsors, property managers, and investors. From commercial real estate development and financing to treasury and cash management solutions for property operations, we help you streamline every stage of the real estate lifecycle.
Our solutions support day-to-day management of operating, reserve and tenant security escrow accounts, along with tools to simplify rent and HOA collections, payments and reporting. We also provide 1031 Exchange services to support tax-efficient reinvestment strategies for owners and investors.
Banking Solutions for Property Managers, HOAs & Individual Properties
Checking and Savings Accounts
Remote & Online Banking Tools
Securely Manage Tenant Funds and Navigate
1031 Exchanges
Managing tenant security deposits across multiple properties can be complex. Peoples Escrow Manager provides a secure, centralized platform to manage tenant security deposits and escrow accounts. Track balances, manage subaccounts, and access real-time reporting – all integrated with Peoples Online Banking. Features like automated subaccounting and electronic payment instructions (EPIs) help streamline administration, improve accuracy, and maintain compliance.
For property owners and investors planning to sell and reinvest, we also offer 1031 Exchange services to help defer capital gains taxes when moving into qualifying investment properties. These solutions help real estate professionals manage funds efficiently while supporting long-term investment goals.
Payment, Collections & Day-to-Day Operations
Payables
Manage outgoing funds efficiently with integrated tools. Send and receive payments through ACH and wire transfers, automate payroll for property staff, control vendor and maintenance expenses with purchase cards and streamline month-end processes with automated Account Reconciliation.
Receivables
Simplify rent and HOA collection with secure tools. Automatically collect funds from tenants with ACH Debit Origination. Peoples eLockboxes eliminate manual errors by converting bill pay paper checks to electronically deposited funds. Online Payment Portals also give convenient ways to pay.
Loans, Leases & Lines of Credit1
Access flexible Loans, Leases, and Lines of Credit through Peoples Bank to fund property acquisitions, improvements and daily cash flow needs. Our Commercial Real Estate Loans and Letters of Credit support purchases, refinancing, and tenant security requirements.
Finance Essential Equipment to Keep Your Property Running1
Equip your properties with the systems you need. Through Peoples’ national service providers, North Star Leasing and Vantage Financial, you can finance essential equipment, such as HVAC systems, heating and cooling units, security systems, and other operational upgrades. Flexible financing allows you to spread costs over time, making it easier to invest in business needs without straining cash flow.
Manage Insurance Coverage While Keeping Costs Predictable2
Protect your properties, assets, and operations with Peoples Insurance Agency. With access to coverage from over 20 local and nationwide providers, our solutions provide policies for buildings, equipment, liability, and other essential risks.
To make coverage more accessible, Peoples Premium Finance provides flexible payment options for a range of insurance types, including Property and Casualty. By spreading premium payments over time, you eliminate high upfront costs and secure the protection you need while supporting your bottom line.
Get Started with Property Management Banking
Contact us today to learn how our customized solutions can help you save time, increase security, and streamline operations.
Fill out the form below or call our dedicated Business Support Team at 800.374.6123, option 6.
1Application and Credit Approval Required.
2INSURANCE PRODUCTS ARE NOT FDIC INSURED; NOT A DEPOSIT; NOT GUARANTEED BY PEOPLES BANK; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; MAY LOSE VALUE.