Current Occupancy

90.4%

vs 95% budget ▼ 4.6 pts

Pre-Leased

92.95%

Signed leases not yet started

30-Day Forecast

84.6%

Expected by mid-June

12-Mo Trough

80.8%

By August w/o intervention

Open Work Orders

32

Make-Ready bottleneck

% Make-Ready

13.3%

2 of 15 vacants Ready

Net Outstanding AR

$1,167

Gross $5,641 less pre-pays $4,374

Open Action Items

19

3 of 23 complete

⚠ Critical Watch List

1-4991 vacant 252 days (Ready) — $10,405 vacancy cost. Lease up urgently.
1-5073 vacant 349 days (Ready) — $14,536 vacancy cost. Lease up urgently.
July renewals: 19 expirations, only 1 confirmed renewal (5%) — 11 still pending offer response.
June NTVs: 8 of 18 expirations giving notice (44%) — biggest immediate threat.
Make-Ready: only 2 of 15 vacant units are Ready (13.3%) — blocking lease-up.
Active evictions: Nott ($1,823) + Rice ($2,070) + Zapata ($617) = $4,510 at risk.

Occupancy Forecast (13 Weeks)

Renewal Pipeline by Month

6-Week Leasing Trend

Unit Mix (156 units)

Action Items & To-Dos

#	Action Item	Category	Owner	Due	Status	Notes

Total Leads (6W)

189

~31/week avg

New Leases (6W)

10

5 net of cancellations

Renewals Signed (6W)

6

App Conversion %

5.3%

10 leases / 189 leads

Weekly Activity (4/16/2026 – 5/21/2026)

Week Ending	Leads	Tours	New Leases	Cancellations	Net New Leases	Move-Ins	Move-Outs	Notices	Renewals

MTD Activity (May 2026)

New Leads	91
Emails	466
Calls	260
Texts	314
First Visits / Tours	10
Completed Applications	4
Approved Applications	3
Move-Ins	3
Move-Outs	4
Notices	6

Lease Trade-Out (Week 5/15-5/21)

Unit	Type	Prior	Current	Δ%
2-4848	Studio Renov, New Lease	$1,140	$1,279	+12.2%
2-4838	1BR, Renewal	$1,150	$1,161	+1.0%

Wide gap: new leases growing rents ~12x faster than renewals — may incentivize NTVs.

Total Expirations

113

May - Dec 2026

Confirmed Renewals

7

6.2% of pipeline

NTV (Notice)

19

16.8% leaving

Pending Action

69

61% need follow-up

Monthly Pipeline

Month	Total Exp	Early M.O.	NTV	Renewals	Transfer	Pending	Conv. %

📌 Renewal Strategy Insights

June 2026: 18 expirations, 8 NTVs (44%), only 1 confirmed renewal. Action: revised offers sent per WLR.
July 2026: 19 expirations, only 1 confirmed (5%). 11 pending response — push follow-ups now.
August 2026: 20 expirations, 0 confirmed renewals yet, 18 pending. Earliest you can shift these.
Lease Trade-Out gap: new leases +12.2%, renewals +1.0% — review renewal rent strategy.

Today

90.4%

141 of 156 occupied

30-Day

84.6%

Forecasted

60-Day

83.3%

Forecasted

12-Month Low

80.8%

By 8/13/2026

Weekly Forecast Detail

Forecast Drivers Table

Week	Beginning Occ %	Move-Ins	Move-Outs	Ending Occ %	vs Budget

Total Vacant

15

9.6% of 156 units

Vacant Ready

2

Available to lease

Vacant Not Ready

13

Need turn

Notice Unrented

15

Upcoming exposure

Available & Notice Units

Unit	Type	SF	Market Rent	Move-Out	Days Vacant	Vacancy Cost	Status / Resident

Total Aged AR

$5,641

Gross owed

Active Evictions

3

$4,510 at risk

Open Work Orders

32

Make-Ready Rate

13.3%

2 of 15 Ready

Aged Receivables Detail

Unit	Resident	Status	0-30	31-60	61-90	90+	Pre-Pay	Balance	Note

Combined Utility A/R

Elec + Water owed

Past Due 30+

Needs chargeback

Aged 90+ (Skip Risk)

Deep skip exposure

Units Need Action

Posted by PM this cycle

Electric A/R

Past due:

Water A/R

Past due:

Owner Carry (Vacant Elec)

Direct property expense

Paid Since Billing

Cleared this cycle

📋 PM Chargeback Instructions (5-min process)

Rows marked "chargeback NOW": Post the A/R balance directly to that resident's Yardi ledger as "Utility Reimbursement."
Rows marked "pre-bill deposit deduction": Tenant is on notice — deduct utility A/R from security deposit before refunding.
Rows marked "verify unit vacant": Confirm unit is empty and prior tenant past dispute window. May qualify as owner carry.
Rows marked "FINAL - call vendor": Account is closed at utility. Call APL/CCOS to confirm final amount, then post chargeback.
Electric vs Water key diff: When a tenant skips, APL Electric transfers to owner name (direct expense). CCOS Water keeps billing the tenant (collection risk).

Risk Distribution by Utility

Top 10 Combined Delinquent

#	Unit	Resident	Elec	Water	Total

PM Action List

Unit	Resident	Lease Status	Elec A/R	Water A/R	Total A/R	90+	PM Action

Vacant Unit & Common Area Electric (Owner Carry)

Account #	Address	kWh	Bill Total	A/R Balance	Status

Weeks of Data

63

3/6/2025 – 5/21/2026

Trough Occupancy

68.0%

Week of 9/4/2025

Trailing 13-Wk Avg

90.8%

Recovered to budget zone

Total New Leases

91

~1.4 / week avg

📈 14-Month Story

Spring 2025: Property running near 94% occupancy with consistent budget alignment.
Summer 2025 drawdown: Occupancy fell from 93.6% (May) → 67.95% (Sept 4) — a 26-point slide.
Fall 2025 recovery: New leasing accelerated through Nov-Dec (peak of 8 new leases week of 11/13).
Q1 2026 rebound: Occupancy climbed from 70.5% to 92.95% in five months.
Now: 90.4% — slipping again. Forecast (84.6% in 30 days) signals a second drawdown without action.

Weekly Occupancy: Actual vs Budget (Mar 2025 – May 2026)

Weekly New Leases & Renewals

30/60/90 Day Forecast Trend

Current Bad Debt Trend

Tours Per Week

Full Weekly Data Table

Week	Occ %	Budget	30-Day Fcst	New Leases	Renewals	Tours	Bad Debt

Enclave at Albany Park