Common areas are an extension of tenants’ homes. Show them you care. Dear San Francisco Landlords, We hope this newsletter finds you well. As property owners and managers, we often focus on the inside of our apartments, ensuring they are updated and well-maintained for our tenants. However, it’s essential to remember that the common areas… Read More
San Francisco Board of Supervisors Must Approve Changes to Planning Code for a Better Future
July 10, 2023 by
San Francisco is a city known for its beauty, diversity, and economic opportunities. However, it also faces significant challenges in terms of housing affordability and availability. To address these pressing issues, the San Francisco Planning Commission has approved changes to the Planning Code, offering a promising solution. Now, it is crucial for the Board of… Read More
Weighing Tenant Satisfaction with Your Bottom Line
May 24, 2023 by
In the age of social media, poor tenant relations can cost you more than money. I never thought I would mention TikTok in this newsletter. I, for one, am not a subscriber, but recent articles I’ve seen mentioning the platform inspired me to address a larger topic: weighing tenant satisfaction with your bottom line. A… Read More
How Lingsch Realty Saves You Money on Repairs and Improvements
February 13, 2023 by
While no property owner likes to see monthly expenses on their monthly accounting, they are unfortunately a part of owning investment property. While they may be frustrating, you may not see behind the scenes of how Lingsch Realty works hard to mitigate these expenses. Here is how: While owing investment property can be costly and… Read More
New Year, New Landlord Laws
January 23, 2023 by
As always, the new year brings new laws that landlords must follow. This year brings laws that make it easier for developers to modify exisiting properties, build on commerical sites, and build denser housing. For those laws, please visit the California Association of Realtors’ site. Some laws that specifically affect landlords are summarized below: Assembly… Read More
Did You Know? Departing Tenants Can Rescind their Notice to Vacate at Any Time–Which May Leave You Liable to a Planned Future Tenant
October 27, 2022 by
Many of our clients ask us to show their upcoming vacancies prior to the current tenant moving out. This obviously minimizes downtime, and therefore increases our clients’ bottom lines. However, did you know that the exisiting tenant can unilaterally rescind their 30-day notices to vacate at any time before they move out? And that signing… Read More
What to Know about Rent Reductions in a Rent-Controled Jurisdiction
September 19, 2022 by
During the initial days and months of the COVID-19 pandemic, our clients, desperate to get vacant apartments rented in a slow market, yet knowing the pandemic was temporary, and a market recovery imminent, were racking their brains for creative solutions to get their vacant units rented, while avoiding permanently low base rents. We heard all… Read More
DON’T LEAVE MONEY ON THE TABLE: HAVE YOU DONE A RECENT AUDIT OF EXPENSES YOU CAN PASSTHROUGH TO YOUR TENANTS?
July 14, 2022 by
With so much tenant turnover during 2020 and a quick rent recovery, you may find that some of your newer tenants are already paying below market rents. In addition, you may still be recovering from the financial hardship of having to improve your properties to attract new tenants while having a slim rent roll. Now… Read More
San Francisco Rent Board’s Housing Inventory and Fee Portal Now Active
June 23, 2022 by
Legislation passed in 2021 requires owners of residential housing units in San Francisco to begin reporting certain information about their units to the Rent Board. The Rent Board will use this information to create and maintain a “housing inventory” of all units in San Francisco that are subject to the Rent Ordinance. The secure reporting… Read More
Landlord Frauds and Scams: What to Watch Out For
April 19, 2022 by
Redfin has compiled advice for tenants on avoiding rental scams. Read the article featuring Lingsch Realty here.