Dec & 2011 Year end Rent Update...
Total rent collected (134 units) for the year is $714,917, or 93.2%, compare to 96.9% in 2010, 94.6% in 2009, 98% in 2008, 97% in 2007.
Compare to last year, overall we had a lower occupancy rate, the original 94 units, collected $613,269, or 94.95%, but due to increased rents, we ending with net increase of $3,451 (2010 total collection is $609,818, or 96.9%)
After 2 years of surviving mode, we partner up and added 40 units to our portfolio, this complex has been making money from day 1, my goal is to improve its occupancy rate in the coming year(only 83.3% for the 6 months we own it).
For December, we closed the month with 14 opens.
SFH + Duplex (44 units), collected 94.9%, 3 opens.
Commercial Office Park (10 units), collected 90%, 1 opens.
Apartment Complex (40 units), collected 90.5%, 4 opens.
Partnership Complex (40 units), collected 77.5%, 6 opens.
07/09 97.5%
08/09 95.4%
09/09 88.7%
10/09 91.6%
11/09 95.1%
12/09 92.5%
01/10 97.6%
02/10 104.6%
03/10 94.55%
04/10 90.3%
05/10 106.8%
06/10 93.4%
07/10 97.5%
08/10 93.8%
09/10 99.15%
10/10 100.8%
11/10 91.8%
12/10 89.9%
01/11 90.3%
02/11 95.6%
03/11 100.2%
04/11 98.44%
05/11 101.3%
06/11 97.06%
07/11 SFH 89.65%, Office 100%, Apt1 94%, Apt2 80.4%.
08/11 SFH 90.1%, Office 100%, Apt1 101.9%, Apt2 80.7%.
09/11 SFH 98.3%, Office 90%, Apt1 94%, Apt2 91%.
10/11 Overall 89.9%, SFH 90.9%, Office 90%, Apt1 90.9%, Apt2 86.6%.
11/11 Overall 92.4%, SFH 95.7%, Office 90%, Apt1 100.2%, Apt2 79.8%.
12/11 Overall 87.7%, SFH 94.9%, Office 90%, Apt1 90.5%, Apt2 77.5%.
2011 Year End, Overall 93.2%.
