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New footage from the REB’s Property Management Excellence Summit (PMX) has revealed how property managers and landlords are bypassing traditional trust accounting, with rent payments transferred and reconciled in real time.
In a live demonstration to 250 attendees, proptech platform Managed showed how funds can be instantly transferred between renters, agents, landlords and tradies, while agency documentation is automatically updated.
The demonstration, led by Managed chief operating officer Rohith George and account executive Ishan Lewis, showcased a system built around “trustless accounting”, using individual digital wallets instead of conventional trust accounts.
“So what does a rental payment look like without a trust account?” George asked the audience. “You transfer money into your rental wallet and it processes in real time. If you’re an owner, you’ll see the funds hit your account immediately.”
The platform showed rent being transferred to a landlord within 30 seconds, while simultaneously reconciling agency records and fees.
Lewis demonstrated how the system also automates rent reminders and overdue payments, reducing the risk of missed transactions.
“When you miss your rent, you receive an email notification from Managed saying your rent is overdue,” Lewis said.
“It provides a link straight to the portal with a digital wallet and the total amount you need to pay.”
“I’ve transferred the money through Managed and it goes through to the landlord within the span of 30 seconds.”
As the transaction occurred, the platform automatically splits the payment: paying the agency’s management fee, settling outstanding costs and updating financial records across all parties.
“While being transferred, it does four things at the same time,” George said.
“It’s taken the gross rent and split it, transferred the management fee to the agency’s wallet, paid the landlord, and updated the agency’s financials instantly.”
The demonstration highlighted how emerging payment infrastructure could significantly reduce administrative burden for property managers, while accelerating cash flow and improving transparency for landlords and renters alike.
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