I was looking at Phase II;s rental pool activity I receive monthly from the Aransas County Treasures office and noticed several interesting facts. By averaging rental income by each floor from May to Sept 2011; the big winner was Mr. Beall's three units his 1st floor unit rented above the average 5 out of 5 months, taking first in the total rental income. Mr. Kerry 1st floor unit rented above average 5 out of 5 months and tied 3rd place in total rental. The second floor winner was Mr. Beall two units rented above the average 7 out of 10 months and placed 3 rd & 4th in total rental but this could have been due to unit 211 coming on line late in May where it reported less than half of the 1st and 2nd place totals otherwise his two units would have placed higher on the pole. I'm wondering how much of Mr. Beall's rental income is derived from lodging the rental company's employees and if there is a lease agreement between the two entities?
Not bad for a Non-Profit and its insiders as I'll be using this data to prove my case with the IRS.
Tight lines
Greg unit 121
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