Fairfield-based Kearny Bank and Rutherford-based Blue Foundry Bank said this week they each launched new property management tools for their landlord and real estate property management clients.
The financial institutions partnered with ZSuite Technologies to offer its digital security deposit account management and automatic rent and condo fee payment solutions, ZDeposit and ZRent. Through these no-cost, simple and secure products, rental fianances for tenants, landlords and property managers is made easy.
“Each of these digital tools reflects our longstanding focus on combining the best of community banking with state-of-the-industry technology,” said Kearny Bank Executive Vice President and Chief Banking Officer Anthony Bilotta.
ZDeposit opens and manages security deposits accounts for landlords and property managers while ZRent will automatically deduct rent payments from the tenant’s bank account and deposit them directly to the landlord’s.
“Real estate property managers and landlords have long been an integral customer segment to our bank,” said Vincent Micco, executive vice president and chief lending officer at Blue Foundry Bank. “We are always looking for ways to provide additional value to these important clients and we’re excited to have found such innovative and effective tools with ZRent and ZDeposit.”