With Avail, landlords can connect multiple bank accounts and specify where money is deposited by building as well as payment type.
This means it is easy to keep separate business entities separate, and rent payments can be kept apart from security deposit payments to meet non-intermingling of funds regulations as needed.
The following guide covers how to manage different accounts once they are synced with an Avail account. Details on how to initially connect bank accounts can be found in the following:
Start by pressing the User Icon and then select Bank Accounts
Two or more bank accounts should be listed as confirmed before adjustments can be made to where funds are routed. To best keep multiple accounts organized, the Edit button allows a custom account nickname to be set for each.
Below the list of banks, a section for Assigned Banks will list each building in the landlord's portfolio.
The Assign Banks button for each respective property will allow the preferred bank accounts to be assigned for payments toward Rent/Fees as well as Security Deposits.
Special Note: Adjustments made through this process will not update any payments currently in process.