Faqs

When a unit becomes vacant, the utilities will be transferred to the owner’s name, in care of Bishop Real Estate Management, unless otherwise directed by the owner.

No, Bishop Real Estate Management is considered to be an independent contractor and not an employee of any owner for any purpose.

The agreement shall be one year from the signing of the document. After the initial one year term the agreement shall renew automatically on a month-to-month basis until terminated by either [...]

Bishop Real Estate Management will pay whatever bill that is negotiated with the owner at the commencement of the property management agreement. There is always an opportunity to renegotiate the [...]

All expenditures for repairs and/or other expenses are paid for by Bishop Real Estate Management and then deducted from the gross rent collect. There is no up-charge on expenses for repairs, what [...]

Each month a fee for managing a property is calculated only on the gross rent collected. If a unit or property is vacant, then no management fee will be taken.

Yes, each month a full accounting of all income and expenditures will be provided to owner or the representative of the owner.

Bishop Real Estate Management will prepare and have delivered a “Demand for Rent” and “Eviction Notice”. When deemed necessary, with the assistance of a landlord/tenant attorney will represent [...]

Al l leases state rent is due the 1st of each month and is considered late after the 5th of each month. However, it is understood that there is no guarantee of the collection of rent.

Yes, it is recommended that owners maintain comprehensive public liability insurance for bodily injury, death, and property damage on the property.