Did My Landlord Correctly Raise The Rent?

Its common in both San Francisco and California for tenants to ask: “Can my landlord increase my rent”. Not only can higher rents stress a tenants ability to make ends meet but many local jurisdictions have rent control ordinances in place regulate increases. Cost to manage a property do go up so If its going to be done, it should be done in compliance with all applicable rules and regulations.

To make verifying rent increases a simple process for California residents, ReLISTO has made available to the public its Allowable Rent Increase Calculator to help both tenants and landlords determine proper rent increases including waiting times and dollar amounts. The calculator is easy to use and  allows  tenants to email the correct amounts directly to the owner for consideration. Both Tenants and Landlords can take advantage of its ability to either print or email the rent increase notice or summary

Below is a summary of some of the rules

California Rent Increase Rules”
For non rent controlled properties in California, including non rent controlled properties in San Francisco,  the landlord is at liberty to raise the rent.  They are however required to provide a certain amount of notice based on the percentage of increase. By entering the date, amount of increase, and other details the Allowable Rent Increase Calculator alerts the user if increase is within the states requirements.

San Francisco Rent Increase Rules
Many San Francisco residential properties built prior to June 1979 are considered protected under the city’s rent control ordinances. As such the landlord is only allowed to raise rent by a published amount. The Allowable Rent Increase Calculator works to determine allowable rents for San Francisco, including the calculation of Banked Amounts.

Get Started
To either verify or calculate an increase go to Allowable Rent Increase Calculator from there you will asked to enter non personal information to calculate the increase. By selecting View Report you can review in a full page format the information or modify specific data points.. Easy to use links will allow you to print or email the rent increase report or if you are a tenant a summary report.

Rent Increase Summary Report
Rent Increase Summary Report

Hacker Homes- A Growing Trend..

Rents too high?  Not enough properties on the market?  Cannot justify spending hard won funding  on  separate living and working spaces?  Want to keep your development team in one location?  These are some of the real challenges that up and coming entrepreneurs encounter when trying to move their team to San Francisco in an affordable manner.

To solve this dilemma, entrepreneurial disruptive thinkers think outside the box and find housing to move their whole team into. They encourage collaboration by selecting housing where they can put at least two people in each bedroom.  They select  housing that has an open social environment so team members can interact and comfortably work. They select housing  in which food can be cooked on site saving time and keeping the team together.

 

Here is one of the comments we received regarding one of our properties and a 10 person team who was enrolled in an  accelerator program.

“Cohabitating was great this summer. Having 2 beds in each room worked out very well, also the nature of what we were doing revolved around working 17 hour days and being together 24/7 — I guess that helped too. ”

ReLISTO specializes in acquiring contracts with local landlords to make their properties available for large groups. Not all of these properties are advertised. If you are interested in finding out more or to find a rental for your team, contact us directly at housing@relisto.com or call our number at 415-236-6116 and follow the menu

 

 

Renting Below Market Rate (BMR) Units In San Francisco

What steps need to be taken by developers to lease their San Francisco Below Market Rate Housing? It critical that these units be given priority as they can impact the grand opening of the market rate units in the same building. This posting gives a high level overview of the general steps and timeline.

If you are building  in San Francisco be aware  that the  San Francisco Mayor’s Office of Housing and Community Development Below Market Rate (“BMR”) Inclusionary Housing Program requires some developers to sell or rent 12% of units in new developments at a “below market rate” price that is affordable to lower or middle income households. The program is governed by Planning Code Section 415 and by the City and County of San Francisco Inclusionary Affordable Housing Program.  The program is administered by the Mayor’s Office of Housing and Community Development (“MOHCD”) and as of this writing,  includes over 600 affordable rental units all around San Francisco. In most cases, BMR rental units are mixed into a larger market rate building. In a few cases, an entire building is made up of BMR units.
For a project to  avoid  delays in launching its market rate units, its critical that the process to rent the BMR units start at least six (6) months ahead of Final Inspection/  Certificate of Occupancy.There are three major components to launching and renting BMR units: Preparation, Marketing/Application Collection, and Selection.
Preparation: The Mayors Office oversees and approves the pricing and marketing of the BMR units.  Part of this approval process is to ensure the project is creating an equal playing field and set of requirements between the BMR and Market Rate Units.  What is asked or required from the BMR applicants, must also be required of the Market Rate applicants.
Marketing/ Application Collection: This is a 28 day process which includes advertising in a predefined number of print publications, including the San Francisco Chronicle or San Francisco Examiner, showing the property and  accepting applications. The number of applications accepted and processed during this time can run into the thousands. This period culminates with a public  “Lottery” in which names are selected from the pool of applications.
Selection: From the pool of names which were selected from the Lottery, applications are run and background information checked. If qualified, they are offered the unit to rent.
Each of these sections as outlined above is a very high level review of the requirements. Before beginning the process,  its highly recommended that you spend a  good deal of time with the Mayors office,  or you seek professional assistance to ensure compliance with the rules and regulations.
For assistance in leasing your BMR units. Contact Eric Baird at eric@relisto.com or call 415-236-6116 x 101
ReLISTO is a San Francisco and Bay Area  Residential Leasing Agency  which provides  services to landlords and developers to  maximize their financial return  on their furnished and unfurnished properties and secure  qualified tenants.  As a full service leasing agency we provide professional services  and staffing to Housing Developers  to properly submit and comply with the San Francisco’s requirements to rent and lease Below Market Rate Housing Units (BMR),  Airbnb Support Services to maximize landlord bookings, roommate finding services and professional relocation services and placement.

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