In this episode of Peter Lohmann’s Podcast, I’m joined by Allison DiSarro, SVP of Property Management Banking at Enterprise Bank & Trust. We break down what every property manager really needs to know about trust accounts, FDIC protection, and compliance risks (yes, even if your state auditor says you’re fine).

Allison explains why most banks get this wrong, how “analysis banking” works (and why it’s not interest), and the real risk of having your accounts frozen due to liens or garnishments.

We also dig into how Enterprise structures its earnings credit program, why longevity matters more than flashy rates, and what to ask your bank to protect client funds.

Chapters:

• (00:00:00) - Intro
• (00:02:20) - Alison's journey into property management banking
• (00:03:42) - The importance of sticky deposits in banking
• (00:07:19) - Federal compliance in trust accounts
• (00:08:14) - Challenges with state regulations and banking expansion
• (00:10:08) - Why Enterprise Bank stands out in property management
• (00:11:49) - Earnings credits and analysis banking explained
• (00:16:50) - Sponsor - Second Nature
• (00:18:21) - Setting earnings rates
• (00:30:06) - Sponsor - Rentvine
• (00:31:28) - Navigating state compliance and interest regulations
• (00:35:17) - Understanding client trust accounts
• (00:36:32) - Federal compliance and bank account structure
• (00:37:23) - Key questions to ask your bank
• (00:39:37) - Impact of governing entity liens and lawsuits
• (00:41:09) - Challenges with bank compliance and account management
• (00:45:25) - Recent changes in banking regulations
• (00:46:32) - Finding the right bank for property management
• (00:54:00) - Integrating technology with banking
• (01:03:31) - AI's impact on banking and fraud
• (01:06:15) - Conclusion and contact information

Learn more and connect with Allison:

• Enterprise Bank & Trust (PM Division)
• Allison on LinkedIn

Learn more & connect with me here:

• ⁠⁠Crane⁠⁠, the private community for property management business owners.
• ⁠⁠My Free PM Newsletter⁠⁠
• ⁠⁠RL Property Management⁠⁠