On September 9, 2015, the San Francisco Board of Supervisors passed amendments to the Rent Ordinance expanding tenant rights even further. Supervisor Jane Kim’s legislation, which further expanded tenant rights is now known as Rent Ordinance 2.0. If you thought being a landlord under the original version was difficult, 2.0 has more obstacles to navigate…. Read More
New Landlord Laws for 2016
January 14, 2016 by
Along with the new year and resolutions, always comes new laws for landlords. Below, please find a summary of those new laws that may affect you. AFFORDABLE HOUSING Community Revitalization Authority Assembly Bill 2 (D-Alejo) AB 2 allows specified “disadvantaged” areas of California to create a new entity called a Community Revitalization Investment Authority. The… Read More
New In-Law Construction Approved in Districts 3 & 8
November 18, 2015 by
The San Francisco Board of Supervisors has approved New In-Law construction for Districts 3 and 8. District 3 includes the North Waterfront, North Beach, Telegraph Hill, Financial District, Downtown, Nob Hill and parts of Russian Hill and Civic Center. Corona Heights, Duboce Triangle, Mission Dolores, Twin Peaks, Glen Park, Noe Valley and parts of Bernal… Read More
San Francisco 2015 Ballot Issues that Affect Landlords
October 13, 2015 by
The November 3 ballot is teeming with issues with outcomes that will affect property owners. While several of the propositions seem worthy of your vote on the surface, digging a little deeper reveals that the result of their passage may not have the intended effects. See how Lingsch Realty voted below. Prop A: Affordable Housing… Read More
Preparing for El Nino
September 17, 2015 by
El Nino is a weather pattern produced by unusually warm ocean temperatures in the Equatorial Pacific. The El Nino phenomenon is associated with extreme weather around the globe. In California, it typically means a wet winter with higher than normal rain levels. An El Nino is predicted for this winter continuing into 2016. In order… Read More
How Small Property Owners Can Compete with New Developments
June 25, 2015 by
It seems every day there is a news article about San Francisco’s increasing median rents. They are the highest in the country. They are rising. You can see the most talked about data from Zumper here. But is this really a true reflection of what is going on all over the city? To see why this… Read More
Why We Need to Start Having a Conversation About Ending or Modifying Rent Control
May 19, 2015 by
There is no denying San Francisco is in the midst of a housing crisis as it is during every economic boom. Housing programs such as Section 8 and public housing help lower income residents and wealthy residents remain unaffected, but the middle class suffers. It is time for us to look at Rent Control to… Read More
Happy New Year! What to Expect in 2015
January 19, 2015 by
A new year brings new hope for us as landlords and unfortunately new determination for tenants’ unions to pass more tenant-friendly legislation. Landlords were successful in 2014 in knocking down some landmark legislation and court rulings aimed at making owning properties more difficult and costly, including SB 1439 (Leno) and Levin vs. San Francisco. 2015 vows to… Read More