01 — Our eviction rate
Eviction cases filed per 100 units, measured the way The Eviction Lab measures Milwaukee County. Twenty-four months, August 2024 to July 2026.
Milwaukee County:
6.03%
All rental housing in the county.
23,668 filings / 392,212 household-years
SNSHN portfolio:
2.50%
Every unit, stabilized and newly onboarded.
38 filings / 1,519 unit-years
SNSHN stabilized:
0.92%
SNSHN Managed for 2yrs or more.
7 filings / 760 unit-years
Eviction cases filed per 100 units per year, 24 months from August 2024 to July 2026. Filings divided by unit-years of exposure — a unit counted for every month it was under management. A 24-month window rather than 12, so the stabilized figure does not rest on a handful of cases.
02 — Why our two numbers differ
When we onboard a SNSHN Owner partner, we often take on tenant placement decisions, deferred maintenance, and general conditions that we would not have allowed - had we been in a position of management. But this is what we do: after 2 years of management, the eviction rate drops 63% below our own portfolio average. We charge nothing to file and nothing to re-lease a tenant we placed. We are incentivized to find the best matching placement.
Give us two years to turn a building over and the filing rate drops 63% below our own portfolio average. That is also why we charge nothing to file and nothing to re-lease a tenant we placed — if our screening call fails, fixing it is ours.
03 — The trajectory
Portfolio-wide, calendar year by calendar year: 7.43% at the 2021 peak, 2.22% annualized in 2026.
2021 is on the chart because it should be. We filed on 7.43% of our units that year while the county filed on 4.12% under a state eviction moratorium. We were taking on buildings faster than we could turn their tenancies over — the same mechanism, running the other way.
| Year | SNSHN | County | Our filings | Avg units managed | Never screened |
|---|---|---|---|---|---|
| 2020 | 4.67% | 4.55% | 9 | 193 | 6 of 9 |
| 2021 | 7.43% | 4.12% | 20 | 269 | 14 of 20 |
| 2022 | 4.26% | 7.04% | 16 | 375 | 9 of 16 |
| 2023 | 5.13% | 7.08% | 23 | 448 | 11 of 23 |
| 2024 | 4.76% | 6.57% | 29 | 609 | 15 of 29 |
| 2025 | 2.39% | 6.11% | 18 | 753 | 15 of 18 |
| 2026* | 2.22% | 6.32% | 12 | 862 | 4 of 12 |
* 2026 annualized — SNSHN through 18 August, the county through July, the latest month published. Calendar-year, portfolio-wide, so these differ slightly from the 24-month windows above. Denominators: our average units under management that year, and 196,106 county renter households.
04 — Why we pay for it
This is about simple incentive alignment. If an operator doesn’t get paid to sign new leases or file evictions - guess what happens? Less leases and evictions tend to be needed. No leasing fee, no re-leasing fee, no eviction fee, and we cover the first $1,000 of legal fees on any tenant we placed.
How this is measured