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Empire by the Numbers

December 2016

Empire Industries - Thursday, February 23, 2017
LEASING
Total Vacancy Rate – 7.8%
Avg Days on Market 32 Days
Percent of rent collected – 97%
Eviction Rate – 0.45%

Total Residents on current lease - 94.4%


MAINTENANCE
Avg Days to receive a bid – 48 hours for internal bid by Empire.
48 – 72 hours for third party
Avg Days to complete Make Ready – Empire 48 -72 hours
Third Party – 5 business days
Avg cost of make ready - $2,261.80
Avg Cost of work order - $275.64

Overall Portfolio
# of Properties serviced – 586
Total Rent Roll 2014 - $5,738,764
Projected 2016 rent roll - $13,125,144
Property Value – $90,133,435
Avg Prop Value - $154,074
Avg Monthly Rent - $1,568.58

October 2016

Empire Industries - Thursday, November 10, 2016
LEASING
Total Vacancy Rate – 10%
Avg Days on Market 32 Days
Percent of rent collected – 97%
Eviction Rate – 0.45%

Total Residents on current lease - 96.4%


MAINTENANCE
Avg Days to receive a bid – 48 hours for internal bid by Empire.
48 – 72 hours for third party
Avg Days to complete Make Ready – Empire 48 -72 hours
Third Party – 5 business days
Avg cost of make ready - $1,686.00
Avg Cost of work order - $362.00

Overall Portfolio
# of Properties serviced – 567
Total Rent Roll 2014 - $5,738,764
Projected 2016 rent roll - $12,751,272
Property Value – $86,312,344
Avg Prop Value - $151,425
Avg Monthly Rent - $1,566.30

September 2016

Empire Industries - Saturday, October 15, 2016
LEASING
Total Vacancy Rate – 6%
Avg Days on Market 32 Days
Percent of rent collected – 95%
Eviction Rate – 0%

Total Residents on current lease - 92.2%


MAINTENANCE
Avg Days to receive a bid – 48 hours for internal bid by Empire.
48 – 72 hours for third party
Avg Days to complete Make Ready – Empire 48 -72 hours
Third Party – 5 business days
Avg cost of make ready - $2,087.00
Avg Cost of work order - $172.00

Overall Portfolio
# of Properties serviced – 546
Total Rent Roll 2014 - $5,738,764
Projected 2016 rent roll - $12,494,724
Property Value – $81,837,553
Avg Prop Value - $148,525
Avg Monthly Rent - $1,580.91

August 2016

Empire Industries - Friday, September 23, 2016
LEASING
Total Vacancy Rate – 6%
Avg Days on Market 32 Days
Percent of rent collected – 94%
Eviction Rate – 0%

Total Residents on current lease - 95.9%


MAINTENANCE
Avg Days to receive a bid – 48 hours for internal bid by Empire.
48 – 72 hours for third party
Avg Days to complete Make Ready – Empire 48 -72 hours
Third Party – 5 business days
Avg cost of make ready - $2,087.00
Avg Cost of work order - $172.00

Overall Portfolio
# of Properties serviced – 523
Total Rent Roll 2014 - $5,738,764
Projected 2016 rent roll - $10,021,740
Property Value – $78,820,263
Avg Prop Value - $146,778
Avg Monthly Rent - $1,555.21

June 2016

Empire Industries - Monday, July 11, 2016
LEASING
Total Vacancy Rate – 5%
Avg Days on Market 31 Days
Percent of rent collected – 97%
Eviction Rate – .49%

Total Residents on current lease - 92.2% (8.8% on month to month)


MAINTENANCE
Avg Days to receive a bid – 48 hours for internal bid by Empire.
48 – 72 hours for third party
Avg Days to complete Make Ready – Empire 48 -72 hours
Third Party – 5 business days
Avg cost of make ready - $2,963.46
Avg Cost of work order - $354.07

Overall Portfolio
# of Properties serviced – 480
Total Rent Roll 2014 - $5,738,764
Projected 2016 rent roll - $8,571,816
Property Value – $67,318,500
Avg Prop Value - $140,246
Avg Monthly Rent - $1,517.25

May 2016

Empire Industries - Thursday, June 09, 2016
LEASING
Total Vacancy Rate – 4%
Avg Days on Market 32 Days
Percent of rent collected – 97%
Eviction Rate – 0%

Total Residents on current lease - 96.3% (3.7% on month to month)


MAINTENANCE
Avg Days to receive a bid – 48 hours for internal bid by Empire.
48 – 72 hours for third party
Avg Days to complete Make Ready – Empire 48 -72 hours
Third Party – 5 business days
Avg cost of make ready - $2,499.97
Avg Cost of work order - $441.74
Percent of closed work orders completed within 7 days – 72%

Overall Portfolio
# of Properties serviced – 469
Total Rent Roll 2014 - $5,738,764
Projected 2016 rent roll - $8,571,816
Property Value – $67,567,426
Avg Prop Value - $140,472
Avg Monthly Rent - $1,485.07

March 2016

Empire Industries - Monday, April 18, 2016
LEASING
Total Vacancy Rate – 5%
Avg Days on Market 32 Days
Percent of rent collected – 95%
Eviction Rate – 1.03%

Total Residents on current lease - 94% (6% on month to month)


MAINTENANCE
Avg Days to receive a bid – 48 hours for internal bid by Empire.
48 – 72 hours for third party
Avg Days to complete Make Ready – Empire 48 -72 hours
Third Party – 5 business days
Avg cost of make ready - $2,570
Avg Cost of work order - $315.48
Percent of closed work orders completed within 7 days – 75%

Overall Portfolio
# of Properties serviced – 456
Total Rent Roll 2014 - $5,738,764
Projected 2016 rent roll - $6,926,028
Property Value – $61,765,946
Avg Prop Value - $133,692
Avg Monthly Rent - $1,444.48

January 2016

Empire Industries - Monday, February 15, 2016
LEASING
Total Vacancy Rate – 4%
Avg Days on Market 24 Days
Percent of rent collected – 95%
Eviction Rate – 1.03%

Total Residents on current lease - 94% (6% on month to month)


MAINTENANCE
Avg Days to receive a bid – 48 hours for internal bid by Empire.
48 – 72 hours for third party
Avg Days to complete Make Ready – Empire 48 -72 hours
Third Party – 5 business days
Avg cost of make ready - $3,009
Avg Cost of work order - $385.65
Percent of closed work orders completed within 7 days – 42.5%

Overall Portfolio
# of Properties serviced – 439
Total Rent Roll 2014 - $5,738,764
Projected 2016 rent roll - $6,750,564
Property Value – $55,535,858
Avg Prop Value - $124,241
Avg Monthly Rent - $1,464.91

December 2015

Empire Industries - Thursday, January 14, 2016
LEASING
Total Vacancy Rate – 8%
Avg Days on Market 37.83 Days
Percent of rent collected – 95%
Percent of rent collected online – 101%
Eviction Rate – 1.03%

MAINTENANCE
Avg Days to receive a bid – 48 hours for internal bid by Empire.
48 – 72 hours for third party
Avg Days to complete Make Ready – Empire 48 -72 hours
Third Party – 5 business days
Avg cost of make ready - $2,980
Avg Cost of work order - $270.61
Percent of closed work orders completed within 7 days – 91%

Overall Portfolio
# of Properties serviced – 448
Total Rent Roll 2014 - $4,487,514
Projected 2015 rent roll - $7,569,780
Property Value – $54,619,440
Avg Prop Value - $123,853

November 2015

Empire Industries - Thursday, December 10, 2015
LEASING
Total Vacancy Rate – 8%
Avg Days on Market 37.83 Days
Percent of rent collected – 94%
Percent of rent collected online – 91%
Eviction Rate – 1.04%

MAINTENANCE
Avg Days to receive a bid – 48 hours for internal bid by Empire.
48 – 72 hours for third party
Avg Days to complete Make Ready – Empire 48 -72 hours
Third Party – 5 business days
Work Orders received by resident phone call – 7.69%
Percent of closed work orders completed within 7 days – 51%

Overall Portfolio
# of Properties serviced – 450
Total Rent Roll 2014 - $4,487,514
Projected 2015 rent roll - $7,516,776
Property Value – $59,079,792
Avg Prop Value - $130,418

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Empire Industries Property Management
Real Estate Broker
5225 Katy Fwy #202
Houston, TX 77007

Phone: (888) 866-6727
Fax: (713) 678-0080

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