Your June portfolio update.
Your 132 occupied units have generated $137,325 in rent so far this month — 90% of what's owed. That's on track for where you want to be at mid-month.
At Stone Oak, one tenant is 14 days past due and hasn't responded to payment reminders. This is the third time in six months. Lone Star has flagged it and a manual follow-up is underway.
Schertz Village had two tenants turn over back to back. Units 3 and 8 are now vacant, dropping that property from 100% to 80% occupied. Expect roughly $3,600 in make-ready costs before the next tenants move in. Lone Star is working to get the listings activated.
Maintenance costs came in a bit higher than normal this month. The Helotes Hills water heater was an emergency replacement at $1,150 — there was no way around it. At Bandera Road Flats, a fence repair has pushed maintenance spend 34% above that property's monthly average. The scope is being reviewed before the invoice is approved.
New Braunfels Crossings and Converse Park both had clean months — every tenant paid, nothing open. That's 29 units requiring no attention.
Your portfolio is on track to generate approximately $126,858 in net operating income for June.
Net Operating Income — does not include mortgage / debt service. $1,150 avg rent across portfolio. Outstanding $15,325 expected to close before month end; full collection typically reaches 95–97%.