All Forum Posts by: Larry Williams

Hello.

I'm looking for a Real Estate focused CPA/Tax Professional in or near Naples, FL.  

Any recommendations are greatly appreciated.

Has anybody had any experience with investing in the Short Term Vacation Rental market in Naples, FL? Opportunities, lessons learned, etc?What's the median price for a 2BR 2Bath condo/Townhome on the beach? What's the approx annual gross rent income? What's the approximate annual occupancy rate? Is the investment opportunity for ROI greater in Naples than on 30A on the Emerald Coast?

Any feedback is greatly appreciated!

Townhome For Sale.

Current tenant moving out.

Priced below market

Townhome community near old downtown Lewisville that is currently in the throws of a revitalization.

Has 3BR and 3.1 Baths.  Each bedroom has a full bath.  Oversized two car garage.

Rents in this neighborhood are in the range of $1,800 to $1,900.

Click this link to view.

https://bit.ly/2w3Q5j0

Or, this link:

https://bit.ly/2MR2v4S

Here are a few virtual pics for the vacant downstairs.

Larry Williams

REALTOR®, Crest Hollow Realty, LLC

972.489.8801

[email protected]

I'm looking for a Real Estate specific CPA in the Flower Mound, Coppell, Lewisville, Texas area.  Any recommendations out there?

I need a recommendation for a CPA who serves only real estate investors and Realtors in the DFW area specifically located in one of these Texas cities:

Coppell

Lewisville

Grapevine

Flower Mound

Carrollton.

Would prefer a CPA who can transact business face to face.

Joseph.  Thank you for the response and recommendation.  Your summary basically highlights the consensus of all of the responses.  I'll begin looking for a new tenant!

Many thanks to everybody who has posted a response.  Your insight is much appreciated.

TAR Paragraph 28B(4)(b) reads that the tenant will be pay for 100% of one month's rent if the Landlord finds the replacement (the situation in this case).  And, it's based on 28B(4) stating that this penalty is in play IF the Landlord agrees (no written agreement in this case).  However, I agree that legal pursuit will likely be futile in this case. 

I'm correct, right, that the tenants are legally bound to the full 2 year TAR lease and all unpaid rents?  Paragraph 28 reads:  "Tenant is not entitled to early termination due to voluntary or involuntary job or school transfer, changes in marital status, loss of employment, loss of co-tenants, changes in health, purchase of property, or death."  Just a verification question to be more knowledgeable.  I very likely will not pursue legal remedy.

Greetings All.

I have a townhome rental in Lewisville, TX, with the following situation:

-Tenants (husband and wife) signed the Texas Association of Realtors Lease Contract.

-Two year lease commencing on March 15, 2016.

-They paid a deposit of one month's rent.

-They have been good tenants, and have paid rent every month on time.

-The husband called two weeks ago to tell me that his wife has serious health issues with her back and cannot climb the stairs (has had three surgeries with the last being a fusion).  All bedrooms are upstairs.  He wanted to know what their options were to terminate the contract early so that they could move into a single story rental.  She has been unable to work since July, 2016.

-I responded two days later via email that we would allow them to terminate if they forfeited the deposit, and paid two months rent.  

-I received a letter from them two days ago that they are terminating the contract December 14 and will be vacating the property, not agreeing to the legal termination option, and demanding their deposit back.  They are current on their rent.  It's a breach of contract since they didn't agree to our terms and sign an amendment.

-I'm not using a property management service.

What are the best practices for this type of situation?  What's the best way to deal with this?  

Thank you all for your feedback.

Larry