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GPR Report Month End Review
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Report Filters: |
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Loss to Lease Review |
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Vacancy Review |
Loss To Lease Calculation Errors:
Look For:
- 0 Dollar Amount in Potential Rent
- Doubled Rent or Large Rent in Potential Rent
- Small Amounts in Potential Rent
Examples:
$0 in Potential Rent
Loss to Lease= Market Rent Occupied Unit
Cause: No Active Lease Charges for the period
Research: Active Lease Charges, Expired Lease Charges,
Potential Rent Doubled ( Or Large Amount)
Cause: Two Active Lease Charges for the same period due to a renewal processed incorrectly. Corrected lease charges were back dated to the start of the lease renewal.
Research: Active Lease Charges, Expired Lease Charges, Resident History
Find Resident History: Resident File: Data: Resident History
Small Amounts in Potential Rent
Cause:
1. Its accurate ( highly unlikely)
2. Only Base Rent or Subsidy Rent Portion is entered under Active Lease Charges
3. Employee Unit Lease Charge
Research: Active Lease Charges & Expired Lease Charges
Vacancy Calculation Errors:
Look For:
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- Occupied Unit with Vacancy Amount
- Vacant Unit with no Vacancy Amount /Small Vacancy Amount
Example:
Cause: Rent was manually charged, no active lease charges for the period are on the account. This creates a credit to vacancy.
Research: Active Lease Charges, Expired Lease Charges, Tenant Ledger
Click on Resident Name: Reports: Ledger: Click Record Number to View Detail
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In this example the problem was no active lease charge, producing the variance in both loss to lease & vacancy. |
