All Forum Posts by: Sam Dalton

Is there anyway to get rent money same day? If my tenant pays on the 1st of each month, I do not get the money till a week later because of banking processes taking 5 business days. Then I am late for my payment. What can I do differently? 

As a Landlord who has No Smoking policy, I understand that smoking weed is apart of that but what about Medical Marijuana? Can I still ban that by law in WV? 

@Nicholas Aiola so I double checked and I lived in it for 4 years and a few months before renting it out.

Does that change anything?

@Michael Plaks I have a condo that I have lived in for 5 years and only rented it out for the last 18 months. Would I still get hit with Capital Gain Tax since I lived in it for 2 out of the last 5 years? I’m married and file jointly.

@Kim Crouch yes I am working on hearing back from CPA but I have heard that as well so I think I’m good just need confirmation from a CPA

@Nicholas Aiola Hey I have a question regarding Capital gain Taxes.

I own a condo which I lived in for 5 years but only rented it out for the last 18 months. I plan on selling it next month. Will I get hit with that tax?

I have a Condo that I have owned and lived in as a primary residence the past 5 years but only the last 18 months I have rented it out. I plan on selling it next month. Will I get hit with Capital gain Tax?

@John Underwood I have heard people use property management software or apps to easily manage things and it allows your tenants to log in and pay rent and create maintenance requests.

Does anyone have a good app or website I can use to manage my rental efficiently and it’s easy for the renter to use as well?

What are the pros and cons of having a Furnished Rental? Debating if I should or just go not furnished.