if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

@Jenny Yu sorry to hear about your experience, we own and operate 51 units we own and manage for other clients in Jacksonville and Orlando.

That is a very dishonest way to operate your business, and will get you a bad reputation and lose you money.

I operate across the mid-south/mid-west.

Transparency and professionalism are core to how we operate, and we ensure all properties have clear, insurable titles before closing.

After getting the operators and the deal it is pretty passive.

If operating costs increase, then customers/tenants will eat the costs in tight markets.

I was conducting an extremely seasonal business and after 8 years of operation the business was insolvent. 

I get into contract in my operating company and then assign the contract to the new LLC prior to closing.  

For instance, in my private lending, I dont really give a numerical credit score much weight, but I absolutely look at the composition and history of the individual tradelines on a report if the borrower is a smaller outfit, such as a single member LLC or similar solopreneur-type operator.