What Does “Escrow” Really Mean in Property Management?
If you’re a rental property owner in Central Florida, understanding how escrow works—and who holds your money—can make a big difference in protecting your investment. At RentCare Property Management, we don’t just coordinate with escrow agents—we act as the escrow agent for all funds we handle. And we’re regulated to do it right.
A Brief History: Where Did “Escrow” Come From?
The word “escrow” comes from the Old French word escroue, which referred to a scroll or parchment used to document legal agreements. Historically, these documents were held by a neutral party until both sides completed their part of a contract.
Today, escrow still means trust, protection, and neutrality, but instead of scrolls, we’re talking about money—often large sums—held temporarily until conditions are fulfilled.
How Escrow Works at RentCare
In the context of rental property management, escrow refers to funds held in a dedicated account that are not immediately disbursed. These can include:
Security deposits
Advance rent
Owner reserves for maintenance
HOA or utility reimbursements
At RentCare Property Management, we maintain regulated escrow accounts and are fully compliant with Florida Statute 83, which governs the handling of tenant and owner funds by property managers.
We are licensed and obligated to:
Keep client funds separate from company operating funds
Provide accurate accounting and reporting
Disburse funds only under specific legal and lease conditions
Comply with Florida DBPR (Department of Business & Professional Regulation) audits and trust accounting standards
Learn more about how we protect your funds in our Owner FAQs or visit our How We Work page for an inside look at our processes.
Why Escrow Matters for Owners and Tenants
Escrow isn’t just a technical term. It’s a core part of how we protect your investment and maintain fairness between landlord and tenant.
Owners gain peace of mind knowing deposits and reserves are held legally and securely
Tenants trust that deposits will be returned fairly and within statutory timelines
Everyone benefits from transparent, regulated, and fully auditable financial records
At RentCare, transparency is part of our brand promise. You’ll always know where your funds are, how they’re being used, and when they’re being disbursed.
Bottom Line
Escrow isn’t just about holding money—it’s about building trust, maintaining compliance, and offering peace of mind. When you partner with RentCare Property Management, you’re working with a licensed, experienced team that takes fiduciary responsibility seriously.
Ready to experience peace of mind and profits? Partner with RentCare today.
