MANAGEMENT SERVICES

MANAGEMENT SERVICES

Rental Management Services

 

  • Marketing:
  • Internet listings (we post to over a dozen different sites)
  • Install yard sign and lock box (as needed)
  • Post flyers throughout Chapel Hill and Carrboro
  • Tenant Procurement
  • Communicate with potential tenants
  • Complete property showings
  • Receive and process applications
  • Perform tenant screening
  • Review credit report
  • Obtain guarantors as necessary
  • Check employment and rental history
  • Negotiate lease terms
  • Prepare lease and move-in documents
  • Financial management
  • Rent collection
  • Collect and hold security deposit funds
  • Complete security deposit dispositions post tenant move-out
  • Handle tenant delinquency, bad checks, and eviction filings
  • Provide monthly and annual financial statements
  • Rental proceeds are typically disbursed along with statements within the last week of the month
  • Statements will include copies of any invoices paid within the month
  • Send annual 1099 forms
  • Maintenance
  • Respond to, and manage, maintenance requests
  • Schedule property visits, as needed 
  • Complete move-out inspections
  • Other Property Management items
  • Communicate with neighbors and manage any disputes
  • Work with property HOAs and handle any violations
  • Manage lease violations, such as unauthorized occupants

 


Rental Management Fee Structure

 

  • Start up marketing fee: $250.00
  • Management commission: 10% of gross rents 
  • Quarterly advertising fee: $70 per unit
  • Annual leasing fee: Procurement OR Renewal
  • Procurement Fee: 1/2 the rental rate (no management commission is collected the month we collect the Procurement Fee)
  • Renewal Fee: $250

 

Fee Disclosures

 

  • All net rent belongs to the property owner. All other fees, including but not limited to, application fees, late fees, collection and administration fees, bad check charges, forfeited reservation deposits and interest on trust accounts shall be the property of Mill House Properties. 

 

  • Agent may pay (and receive) referral fees, commissions, rebates and bonuses to (and from) outside real estate agents, tenant referral companies, rental relocation companies, multiple listing companies, builders, developers, contractors and vendors who assist the agent in marketing, showing, monitoring, leasing, managing and maintaining the properties.

 

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