Tenants Again Pushing Pause On Return

Here is an unfortunate email we just wrote to one of our landlords. The property was a 2 bedroom 1 bathroom house in the Sunset which was slated to rent for $3800.00/month with a March 1, 2021 start date.

<Landlord>

I hope you are doing well. I unfortunately would like to let you know that your tenants have decided to withdraw their applications. <Tenant > company <Amazon> just released the news that employees do not have to return to office until next year. Due to the change, they will extend their travel to different destinations.

ReLISTO has been very successful in securing tenants for our landlords clients during Covid. We conduct virtual and private tours, post videos of each property and have an amazing set of online tools allowing prospective tenants to easily view each unit. Most importantly, we pay for a lot of advertising so our landlords listing gets seen.

In the last month, tenants have been returning to the city to “get a lease secured before prices go up”. We have rented multiple properties due to this. With recent announcement from Salesforce and other tech companies, the need to return to work is again a distant requirement. Tech workers will stay away and landlords, restaurants and businesses will need to wait longingly for their return. For some , this will result in a significant economic hardship if not bankruptcy.

On behalf of our landlords, I call upon the San Francisco Govt to proactively engage/ partner with the companies in our community as well as local schools to make a plan to get things back to normal. Some cannot wait till 2022.

Environmentally Friendly Leasing and Property Management

ReLISTO has a new car! Residential leasing and property management requires quite a lot of travel, so you may have seen us zipping around town or parked in your neighborhood! Our new electric 2019 Smart CQ allows us to greater flexibility and versatility to serve our clients quickly and efficiently as ever. In addition to keeping ReLISTO’s team members agile, our little electric vehicle furthers our efforts to reduce our carbon footprint. This means we provide premiere residential leasing and property management services you can feel good about.

For the last 10 years, ReLISTO has been an industry leader in the use of innovative tools and technologies to deliver residential leasing and property management services. From our nearly paperless operations to proprietary online rental calculators, ReLISTO is dedicated to leading the real estate leasing industry in serving not only clients, but also the community as a whole. ReLISTO is aligned with San Francisco’s commitment to lower greenhouse gas emissions by employing greener alternatives for our operational processes. The biggest contributor to the city’s greenhouse gas emission is privately owned passenger cars and trucks.

Because leasing agents and property managers are required to travel around the city constantly to show and maintain property, moving from internal combustion engine vehicles to electric is one of the best ways to cut the company’s carbon footprint. With 44% of San Francisco’s electrical grid running on renewable energy sources, ReLISTO’s use of electric vehicles reduce the amount of greenhouse gas emissions we would otherwise create by 75%! ReLISTO applauds the city’s efforts to lower transportation-related emissions and is committed to doing our part as an industry leader–providing exceptional and environmentally friendly residential leasing and property management services in order to reduce our overall environmental impact.

Floating Staircases

ReLISTO- Build Floating Staircase for your Rental

In San Francisco, floating staircases generate higher rents. As such, ReLISTO prices these type of rental properties higher than similar properties in the same neighborhood; We know they’re are in high demand with our tenant customers.

Due to state code requirements, owner must build floating staircases to specific standards. These standards prevent the building of a “true” floating staircase since rails must be present on each side. Rails help steady the user while ascending/descending thereby helping avoid falls. On the downside, it counters the minimalist aesthetics and most unfortunately, at a time we all want home prices to fall, dramatically increases the cost to build. In San Francisco, standard floating staircases will have glass on the open side.

ReLISTO helps San Francisco and Central Coast owners lease and manage their properties. We secure qualified tenants, effectively manage each property and take care of each resident. We as part of our capital improvement program are happy to help our owners evaluate the benefits of converting their staircase. If right for our owner, our management team will even help manage the build as part of our standard service.

State of California Updates the Three Day Notice Rule

New three day notice rules for the State of California go into effect September 1, 2009. Moving forward weekend and holidays may no longer be counted as a “day”. ReLISTO a residential and full property management service company for San Francisco has already incorporated this into our workflow to ensure our landlords stay compliant with the law and any notice provided is done so correctly. Below is the summary and recommendation from the San Francisco Apartment Association regarding this matter.

“Under a law taking effect September 1, 2019, weekends and court holidays will no longer count toward the three-day notice period and the five-day period for responding to an unlawful-detainer summons and complaint. For example, under the new law, the deadline to pay rent for a three-day notice served given on a Friday wouldn’t be due until Wednesday— two days later than the current Monday deadline.

Previously, weekends and court holidays could count toward these notice periods, although a notice could not expire on weekend or court holiday.

To ensure compliance with the new law, AB 2343, SFAA recommends that the new method of counting should be used for three day notices served on or after August 29, 2019 and for complaints served on or after August 27, 2019.”

ReLISTO on ABC News!

Christian Elbeck from ReLISTO was featured on ABC news June 19th, 2019. It was a story on how many of San Francisco’s residents join with others to lease larger homes and split living costs. The rooms utilized to accomplish this are sometimes unconventional, with housemates using a dining, fainting or laundry room as a bedrooms. This is done without the consent of the Agent or Owner but its being done to distribute the rent to a manageable amount for each resident. For some, its not a matter of financial need but rather a desire to live in a community.

Regardless of reason, San Francisco is in dire need of more housing. Housing should include not only conventional apartments and houses but also micro apartments and co-living homes (dorms for adults).

https://abc7news.com/business/the-highs-and-lows-of-renting-in-sf/5353960/
Continue reading “ReLISTO on ABC News!”

New Features to Best Rent Our Landlord’s Property

We’ve updated our site, and made it more convenient for tenants searching for a great place to rent in San Francisco!

ReLISTO is committed to serving our landlords to maximize the exposure of their property.

With our new and updated website features, ReLISTO is ready to help landlords get their properties leased. From online services, to accomplished leasing agents, we have the tools to assist you in any way we can. In addition, we’ve also upped our property management game.

Lets us manage your property! Make your life a little easier by allowing us to help you with everything property related. Our experienced property managers are here for you.

Notable Differences On WebSIte:

A clean, updated look

Open House information in the thumbnail of each listing, so you don’t even have to click the link to see when you can come see a unit!

Open House pop ups on the front page so you don’t miss out!

Come check out our new site, and see some of the homes we have to offer. And check out our newly added Property Management section! We have services for apartment seekers and property owners, alike.

We may look different, but we’re still offering the same reliable service.

ReLISTO (Real Estate Leasing Innovations, Services and Tools Online) is a San Francisco real estate leasing brokerage that leverages technology to better lease real property, place tenants, and support landlord’s with online tools and services.

Pacific Avenue is the Hottest Place to Live

Pacific Height elegance, take a look at all it has to offer

The Building:

This apartment building is everything you could possibly want while living in one of the most prestigious areas of San Francisco Bay. It’s features and amenities are at the top of everyone’s must have list, and include a spacious car port to allow for drive up entry to the front door where 24 hour door staff is there to greet you as you enter .

This building is the definition of elegant. From the moment you enter the main lobby, you are transported into another world. The lobby is clean and well kept, packages are saved for your return and there’s always a friendly desk clerk waiting to greet you whenever you pass by.

This 12 level building has a stellar rooftop, heated pool and deck area with 360 degree view of San Francisco Bay. There’s nothing better than going for a nice, relaxing swim on a warm afternoon, and then getting out of the water to see the gorgeous San Francisco skyline from all angles.

The Apartments:

At this point you may be thinking “Wow, this building is great!, but how are the actual apartments?” Well, to put it frankly, the apartments are… stunning! They’re clean, well kept, and very spacious. This one (Pictured) even has a mini golf course right in the backyard! Many of the units facing the bay are two levels. In addition, most of them have at least one private balcony to enjoy the views.

This gorgeous apartment is 1150 square feet of pure bliss. It’s roomy, elegant, and best of all, it comes fully furnished. You could move in immediately and not have to do a single thing. It has one bedroom, one and a half bathrooms, a modern kitchen, a stylish living area, and a spacious backyard.

Here are the furnished amenities featured in this unit:

If you’re interested in seeing this amazing apartment in person, check it out on our website and schedule a showing! And if you want to see more of our listings, follow us on social media:

ReLISTO announces new property management services

*FOR IMMMEDIATE RELEASE*

October 23, 2018 – ReLISTO has officially launched its new division of residential and commercial Property Management for Northern California, encompassing San Francisco, North Bay, South Bay, and Peninsula areas.

While ReLISTO has historically offered full service Property Management to its portfolio of leasing clients. The new focus will be on providing that same service and commitment to quality and value to a wider range of real estate owners, investors and investment companies.

With over 30 years combined experience in real estate in San Francisco, ReLISTO Property Management is looking to fill the void left between legacy paper based Management companies and the newest entrants that focus more on efficiency rather than a full and personalized service which is so important in real estate transactions.

ReLISTO Property Management offers a complete service in real estate asset management, leasing, and asset preservation. With a sharp understanding of the relationship between all parties in the transaction, ReLISTO Property Management aims to provide a service which is tailored for each and every individual client.

Additional management services that will be provided include:

Maximizing rental returns,
Handling lease turnover
Security deposit management and calculators
Relocation services for SMEs and Enterprise companies
Online rent pay and funds disbursement, as well as online maintenance requests
HOA management and administration

ReLISTO Property Management is simplifying the process by which assets are managed, enhancing yields and adding value to Owners’ portfolios.

——

About ReLISTO Property Management

ReLISTO is a full service property management division offering a full range of services to both residential, condominium and commercial clients. The Company is well represented across multiple asset classes both locally and regionally. Our diverse portfolio consists of modern residential properties, industrial business space and condominiums throughout San Francisco and Northern California. A subsidiary of ReLISTO, a local leader in the real estate industry focusing on the leasing of quality accommodation and real estate asset management (www.ReLISTO.com)

About ReLISTO

Founded in 2010, we have been consistently on the leading edge of the rental market in San Francisco. Our focus includes providing our landlord clients experienced agents, solid returns on their investments, securing qualified tenants, developing more housing options for residents, embracing the best online marketing resources and creating online tools, such as the SF Rental Calculator to help our landlords and tenants with rent increase and security deposits.

For further information, please contact:

Mr. C. J. Corman

Director – ReLISTO Property Management

Tel: (415) 480-4541

Email: CJ@ReLISTO.com

Why You Should Vote NO on Prop. 10

Voting Season is Right Around the Corner; Let’s Take a Minute to Learn About Prop. 10

Right now, the state of California is in the midst of a housing crisis. This is causing current housing units to become less affordable and less available everyday. With this problem getting worse, one may ask how California citizens can help steer California away from this crisis. The answer? By voting NO on Proposition 10 on the November ballot.

What is Prop 10?

According to the California Attorney General and BallotPedia, Proposition 10 is an initiated state statute that would repeal the Costa-Hawkins Rental Housing Act, an act that limits the use of rent control in California, thus allowing local governments to adopt their own, possibly more extreme rent control ordinances—regulations that govern how much landlords can charge tenants for renting apartments and houses.

Why Is This Bad?

Proposition 10 will cause the amount of available housing to decrease, further plunging California into its existing housing crisis. This is a huge threat to low-income families. They will struggle to find housing that they can easily afford. This will cause California’s rate of homeless occupants to grow.

Let’s take a step back. You may be wondering at this point, “How will Prop. 10 do all of these things?” If the government repeals Costa-Hawkins, then each jurisdiction in California will be allowed to set their own rules and regulations regarding rent control. This will make it acceptable for government officials in each area to set what they believe is the best solution for the housing crisis, but just because one group of people believe that they have the best solution, that doesn’t mean that it is the best solution, and this could cause tension between citizens and officials in each area of California.

By leaving these decisions up to the state government, it is assuring that each jurisdiction is held to the same standards, thus maintaining equality for renters all over the state. By keeping Costa-Hawkins in tact, it maintains an equal playing field for everyone involved, including renters, building owners, and government officials. Keeping Costa-Hawkins means that there will be one statewide jurisdiction regarding rent control. Individual counties will not be able to take advantage of the rent control system and create unfair housing situations for others.

How Can You Help?

Voting “no” on Prop. 10 would be a great place to start. By voting “no” on Prop. 10, you are telling the government that you do not support Costa-Hawkins repealed. To put it in simpler terms, you are telling the government that you don’t want each jurisdiction to set their own laws regarding rent control. You are saying that you want there to be one, statewide law. This way, no one area can put it’s citizens in an unfavorable financial situation. By doing so, you’re assuring that California remains equal for all, and that no one will be taken advantage of.

For more information about Proposition 10, and all of the other propositions on this year’s ballot, we encourage you to read the Official Voter Information Guide. Remember to stay informed, and get out there and vote!

Security Deposit Question- Anniversary Date

ReLISTO will start publishing the questions we receive from Landlords and Residents. Today question was in regards to calculating the various interest rates one may have over a course of one year.

Question:
The interest rate in effect in June 2017 was 0.6%, this rate changed effective March 1st 2018 to 1.2%. Therefore if a tenant moved in June 1st 2017 you should calculate 9 months at the 0.6% rate and 3 months at the 1.2% rate which began on March 1st 2018.

Your calculation table shows the interest rate all calculated at the 1.2% rate which is surely incorrect…?
ReLISTO Response:

Thank you for your questions regarding the calculation of security deposit interest using the ReLISTO calculator. ReLISTO spent a considerable amount of time speaking with the various experts including the SF Rent Board when developing the calculator and we covered this situation extensively. In addition, the answer can be found below in The San Francisco Administrative Code Sec 49.2(g) PAYMENT OF INTEREST ON SECURITY DEPOSITS.

“The interest rate payable each year under this Chapter shall be the interest rate in effect on the tenant’s immediately preceding annual rental anniversary date for each applicable year and/or the date that the tenant vacates the unit.”

The SF Rental calculator will therefore calculate the interest once a year, based on the Anniversary date as stipulated in the Administrative Code. The only exception to this annual calculation is when the tenant vacates the Premises at which time they are due a prorated interest. The San Francisco Rental Calculator will also calculate this mount when the user selects the box “tenant vacating”

ReLISTO Blog