Our bankers understand the specialized skills required of property management companies and have the knowledge and capabilities required to support the strategic initiatives of your business.
Contact us to find out how you can benefit from banking at Greater Hudson Bank.
Property Managers can benefit from the below services:
Our Greater Lock Box Services
- Fully customizable to fit your specific needs
- Compatible with all types of scannable documents with the ability to process invoices
- Electronic transmission of transaction information that can be uploaded into your accounts receivable system and flexible reporting customized to your specific needs
- Accelerated exception processing by viewing and deciding on payment exceptions
- Digital color copies of all documents stored for seven years provides fast access, space saving record retention and improved disaster recovery
- Added convenience of quickly searching and viewing images of checks, documents and transaction reports from your desk 24/7
Unparalleled customer service from a dedicated relationship manager who will take a consultative approach in working with you
Greater Tenant Security Accounts
Tenant Security Accounts are accounts for the managing agent in the name of the tenant. With as few as 10 Tenant Security Accounts, managing agents can participate in this efficient and effective program and each account earns interest at competitive rates. Managing agents receive monthly reports for all accounts and for each property, listing the tenant’s name, security deposit amount, and the amount of interest earned.
- Streamlined recording, maintenance and update of tenant deposits
- Individual tenant tracking
- Transaction and deposit activity reports
- Issuance of all appropriate tax forms, including 1099s
- One monthly master account statement
- Cumulative statement showing all previous transaction history.