Current Occupancy
90.5%
19 / 21 units occupied
Projected June Occ
85.7%
18 / 21 — RED threshold
May Rent Income
$20,170
Budget $20,000 | +$170 (+0.9%)
May Total Op Income
$20,220
Budget $19,225 | +$995 (+5.2%)
May Operating Expenses
$1,422
Anomalously low — non-recurring
May NOI
$18,798
Budget $11,853 | +$6,945 (+58.6%)
YTD NOI (Jan–May)
$62,516
Avg $12,503/mo | Ann: $150,036
YTD CapEx
$3,721
Net income after CapEx: $58,795
Formal AR
$40
2309 #101 — Briana O'Brien
Active Alerts & Action Items
CRITICAL
2311 B Vacant Since 5/17 — $1,400/Month Lost: Unit is rent-ready. Every week of vacancy = $323 lost. List immediately; target $1,450 on re-lease. This is the highest-urgency revenue action for the property.
CRITICAL
June Occupancy Projected at 85.7% (RED): Two vacancies + two MTM risks = up to 4 units in flux. Prioritize 2311 B and 2309 #203 marketing. Initiate renewal conversation with Pratik Airy (#105) and confirm Caitlin Whiteley (#201) on rate increase.
HIGH
1802 Philip #104 — Status Unknown: No transactions recorded in May cycle. Could be non-paying tenant. Verify with UMR immediately — confirm occupancy status and whether rent has been collected or is delinquent.
HIGH
1802 Philip #101 — Moisture/Mold Risk Unresolved: Leak from #202 caused sheetrock damage. Dehumidifier placed but NO mold clearance documented. This is an active liability risk. Require written mold clearance from licensed inspector before close of June.
HIGH
Work Order Authorization Limit Exceeded: WO #35703-1 ($1,591.20) and #36209-1 ($830.45) both exceeded $250 single-WO limit. Total: $2,421.65 with no documented owner sign-off. Retroactively ratify in writing and remind UMR of authorization protocol.
HIGH
2309 #203 on Notice (Avail 6/5): Begin active marketing now. Target qualified applicant before unit goes vacant to prevent same-cycle turnover loss.
MEDIUM
Management Fee Budget Structurally Wrong: Budget $1,400/month vs correct rate of ~$2,017 (10% of collections). Generates a false 44% "overage" every month. Fix budget before June close to stop misleading variance reporting.
MEDIUM
Garbage Service Missing April & May: Billed $355/month Jan–Mar; $0 in April and May. Risk of catch-up invoice. Verify with vendor whether billing has stopped or is accruing. Budget $275/month.
MEDIUM
Pratik Airy (#105) — 5-Month MTM Exposure: Unit has been month-to-month for 5 months. Initiate 12-month renewal offer now with modest rent adjustment. Securing the lease reduces June-forward uncertainty.
YTD Financial Performance (Jan–May 2026)
| Month |
Rent Income |
Total Income |
Total OpEx |
NOI |
| January |
$19,496 |
$19,626 |
$9,691 |
$9,935 |
| February |
$17,655 |
$17,655 |
$8,228 |
$9,427 |
| March |
$21,832 |
$22,382 |
$10,434 |
$11,948 |
| April |
$20,728 |
$21,088 |
$8,681 |
$12,408 |
| May |
$20,170 |
$20,220 |
$1,422 * |
$18,798 |
| YTD Total |
$99,881 |
$100,971 |
$38,456 |
$62,516 |
* May OpEx of $1,422 is anomalously low (non-recurring). Normalized run-rate is ~$8,000–$10,000/month. May NOI of $18,798 should not be used for annualization.