How many trust accounts must a property manager maintain according to the law?

In property management in Oregon, there is no specific requirement in the law that dictates the exact number of trust accounts a property manager must maintain. Property managers are obligated to hold client funds in a trust account, but the legislation allows flexibility based on the needs of the property management operations and the specific arrangements between the property manager and the property owners.

This flexibility means that a property manager could choose to maintain one trust account for all properties or set up multiple trust accounts if deemed necessary to manage different properties, types of transactions, or specific client preferences. Therefore, the law does not impose a strict minimum or maximum number of accounts to manage; instead, it is up to the discretion of the property manager as long as they comply with their fiduciary duties related to trust funds.