Hi everyone, I am curious if there are any industrial real estate operators on here. 

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.

Hey Dan, renting to a sober living operator can be a great idea.

Hi Eric,Great question—estimating operating expenses can definitely be tricky, especially for items like maintenance, CapEx, and make-ready costs that vary widely between properties.

While raising money is an important skill, what makes or breaks the investment will be operations. 

It may surprise you, but we have always operated under the premise that renewals make us more money than new leases.

We never hired a manager because it simply would have taken too much out of our profits.

Airbnb operates as an interest-based algorithm, rewarding listings that grab attention and keep potential guests clicking.

The buyers I resonated with, who I believed in as operators–those were the people I was willing to be flexible with.

This would be the safest approach but also, anyone that is worried or has extra strict oversight in their area could simply avoid anything alcohol related in their packages.