Mill House Properties is a full-service real estate company, offering such services as real estate sales and buyer agency, in-town property leasing & management, and home renovation.
The Mill House sales division buys and sells homes, from the smallest mill houses to the largest mansions. We work on referrals and take pride in offering the best customer service, including work crews who can handle any pre-sale fixes or post-purchase construction.
The Mill House rental and property management division is selective about the types of property managed. We provide excellent service to our tenants in the form of quality maintenance and timely owner statements.
The Mill House renovations division is committed to renovating houses through quality craftmanship and in using quality materials. We work closely with each client to ensure the best job possible at the best price. Mill House can handle any renovations, from full additions to minor upgrades.
Mill House Properties is a Limited Liability Corporation, owned and managed by Adam W. Jones, with real estate holdings in Chapel Hill and Carrboro, North Carolina.
MANAGEMENT PROCEDURE:
Mill House Properties offers two levels of management service. Below are examples of each level, the cost and the services included.
Level One:
9% of gross monthly rent
Includes:
- Securing a qualified tenant. If a tenant is a student, Mill House requires a co-signer through our Parental Guarantee. If a tenant is not a student, Mill House runs a background and credit check.
- Collection of monthly rent. Rent is due on the first of each month and late after the fifth.
- Responding to maintenance requests. Mill House accepts maintenance requests via our online request form and emergencies through our 24-hour emergency line. Maintenance is deducted from the gross monthly rent and paid invoices are attached to the owner statement(s).
- Owner statement(s) and check sent out each month. Mill House issues a statement per unit with current monthly income and expenses, as well as a Year-to-Date total. The owner statements and check are usually received by the third week of each month, barring any holiday delays.
- End of year 1099 form. Mill House issues a 1099 tax form to all owners by the end of February each year.
Level Two:
10% of gross monthly rent
Includes:
- All the above, plus…
- Deposit of owner check to their local account. Mill House will deposit checks for an owner in a local account and keep the deposit slip on file. The owner still receives their statement. Or,
- Payment of owner’s HOA or tax bills. Mill House will pay the owner’s HOA or tax bill directly once the owner gives permission to the billing party. These bills are deducted from the gross monthly rent and reflected on the owner statement(s).
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