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🚨 Most Critical Issue
Vacancy turn delays are the top concern: 16 vacant units are generating $17,295 in rent loss, with 9 units not rent-ready. Brookstone Village is the largest driver with 6 vacancies, $9,200 in rent loss, and 4 units not ready.
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🏚️ Vacancies
16
4.4% of 360 units
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💸 Rent Loss
$17,295
From vacated units
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⏰ Late Rent
$13,463
9 delinquent accounts
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🛠️ Damages
9
Records, no costs listed
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✅ Approved Apps
0
5 pending, 1 denied
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⚖️ Evictions
0
No active cases reported
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🏚️ Vacancies
- 16 total vacant units across 5 properties.
- 7 units are rent-ready; 9 are not rent-ready.
- Highest vacancy counts: Brookstone Village 6, Cedar Ridge Commons 4, Willow Creek Senior Villas 3.
- Key turn issues include drywall/flooring, appliances, plumbing, accessible bathroom repair, smoke remediation, pest treatment, and cleaning.
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💸 Rent Loss Vacated
- Total rent loss: $17,295.
- Brookstone Village: $9,200, the highest property-level rent loss.
- Largest unit losses: Brookstone 501 $4,100, Cedar 101 $2,200, Brookstone 212 $1,900, Willow 102 $1,600.
- Fastest opportunity to reduce loss: prioritize non-ready units with high accumulated loss and pending applications.
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⏰ Late Rent Payments
- Total delinquency: $13,463, including $12,938 rent and $525 fees.
- 9 delinquent accounts reported.
- Highest property exposure: Brookstone Village at $8,568.
- Largest individual balances: Krista Alden, Unit 505, $5,343 rent; Ronald Gates, Unit 622, $2,100 rent plus $150 fees.
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🛠️ Damages
- 9 damage-related records listed; no damage dollar amounts were provided.
- Damage records appear on Brookstone Village, Cedar Ridge Commons, Harbor Point Apartments, and Willow Creek Senior Villas.
- Maple Crossing Townhomes has no damage entries reported.
- Follow-up needed to assign repair scope, cost estimates, and tenant chargebacks where applicable.
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✅ Approved Applications
- 0 approved applications reported for the week.
- 5 applications are pending: Brookstone 317, Cedar 206, Harbor 307, Maple 8, Willow 207.
- 1 application denied: Cedar 101.
- Pending approvals should be accelerated for rent-ready units to reduce vacancy duration.
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⚖️ Evictions
- 0 active evictions reported.
- No properties listed eviction activity during the reporting period.
- Delinquency should be monitored closely to prevent escalation into future eviction filings.
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