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Reporting period: 2026-06-01 to 2026-06-07 | Comparison: 2026-05-25 to 2026-05-31 and 2026-05-18 to 2026-05-24
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🚨 Most Critical Issue
Vacancy and turn delays remain the top operational risk. Vacancies increased to 20 units, up from 18 last week and 16 two weeks ago. Rent loss rose to $26,975, up $3,602.50 week over week. The largest driver is Brookstone Village with 8 vacancies, 5 not rent-ready, and $14,700 in rent loss.
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🏚️ Vacancies
20
5.6% of 360 units; ↑ 2 WoW
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💸 Rent Loss
$26,975
↑ $3,602.50 WoW
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⏰ Late Rent
$14,105
12 accounts; ↓ $363 WoW
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🛠️ Damages
$525
2 costed charges; flat WoW
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✅ Approved Apps
1
↓ 3 WoW; 3 pending
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⚖️ Evictions
0
No change WoW
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📈 3-Week Trend Snapshot
| Metric |
05/18 |
05/25 |
06/01 |
| Vacancies |
16 |
18 |
20 |
| Rent Loss |
$17,295 |
$23,372.50 |
$26,975 |
| Late Rent |
$13,463 |
$14,468 |
$14,105 |
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🏚️ Vacancies
- 20 total vacant units, up from 18 last week.
- 8 rent-ready and 12 not rent-ready.
- Highest vacancy counts: Brookstone 8, Cedar 5, Willow 4.
- Primary blockers include flooring, appliance orders, plumbing, paint, pest treatment, smoke remediation, and accessible bathroom repair.
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💸 Rent Loss Vacated
- Total rent loss: $26,975, up 15.4% WoW.
- Largest property exposure: Brookstone $14,700.
- Next highest: Cedar $5,525, Willow $4,000, Harbor $2,750.
- Largest unit losses: Brookstone 501 $5,400, Cedar 101 $2,900, Brookstone 212 $2,700, Willow 102 $2,400.
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⏰ Late Rent Payments
- Total delinquency: $14,105, including $13,305 rent and $800 fees.
- 12 delinquent accounts, up from 11 last week.
- Balance improved slightly by $363 WoW, but account count increased.
- Largest exposure: Brookstone $10,075, led by Krista Alden $5,750 rent/fees and Ronald Gates $2,850 rent/fees.
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🛠️ Damages
- $525 in costed damage charges, unchanged from last week.
- Costed items: Krista Alden, Brookstone 505, $350; Corey Blake, Cedar 312, $175.
- 12 damage-column records appear, but most remain unpriced.
- Brookstone 714 also notes move-out damages in vacant unit status and should be scoped quickly.
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✅ Approved Applications
- 1 approved application, down from 4 last week.
- Approved: Danielle Marks for Brookstone 119.
- 3 pending: Cedar 101, Harbor 409, Willow 102.
- 1 denied: Lucille Grant for Willow 221. Approval pace is not keeping up with vacancy growth.
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⚖️ Evictions
- 0 active evictions reported.
- No change from either of the prior two weeks.
- Continue monitoring delinquency, especially at Brookstone where balances remain concentrated.
- No properties listed eviction activity during the reporting period.
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