All Forum Posts by: Nick Nelson
Nick Nelson has started 2 posts and replied 5 times.
Post: Anything we're missing to reduce tax burden on sale of STR?
- Monterey, CA
- Posts 5
- Votes 2
We are selling a Virginia property which we bought as our primary, but switched it to an STR. We held as primary for a year and STR for 2 years filing the appropriate tax declarations/forms etc. during each stage. The appreciation is around $300k so taxes will be fairly significant. We are going to buy a primary again in California, but are we missing any legal opportunities to reduce that tax burden? Or, are there any better ways to move forward, but still following through on the sale? Thank you.
Post: Collecting Old Unpaid Rent
- Monterey, CA
- Posts 5
- Votes 2
@Darius Ogloza Thank you very much for your help. You have given me some very valuable recommendations and I appreciate your time, thank you.
Nick
Post: Collecting Old Unpaid Rent
- Monterey, CA
- Posts 5
- Votes 2
@Kyle J. Thank you so much for taking your time to answer my question, I really appreciate the detail. You have been a big help.
Nick
Post: Collecting Old Unpaid Rent
- Monterey, CA
- Posts 5
- Votes 2
@Karl B. Thank you so much for your time responding to my question. You have been very helpful, I appreciate it.
Nick
Post: Collecting Old Unpaid Rent
- Monterey, CA
- Posts 5
- Votes 2
Is there a statute of limitations on collecting rent ($5k+) from a previous tenant? I have not actively pursued collecting this unpaid rent on a tenant who moved out last year. But I now have access to a collection attorney and would like to hear some viewpoints before investing more money on this previous tenant. Thank you.