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Management report: vacancies, elevator repairs, dryer vents and distributable cash at Mill Apartments

3244543 · March 20, 2025
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Summary

Management reported four vacancies at Mill Apartments, repeated elevator expenses, ongoing dryer‑vent work, scheduled inspections, and distributable cash from an audit; staff said they will consider leaving surplus funds in reserves rather than distributing.

Property management gave an operational update on Mill Apartments and related holdings, covering vacancies, maintenance, inspections, and audit results.

Management reported four vacancies and said elevator problems have contributed to turnover: “we had to spend another $2,000 on [the elevator],” a staff member said. Management expects vacancies to fall as elevator issues are resolved.

Ongoing building repairs include a dryer‑vent project (installing side‑wall vents where possible), pest-extermination scheduled for…

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