SF Apartment Magazine March 2024

SF APARTMENT

San Francisco Apartment Association Office

265 Ivy Street

San Francisco, CA 94102

Tel 415-255-2288

Fax 415-255-1112

Email memberquestions@sfaa.org

Web www.sfaa.org

SFAA Staff

Executive Director Janan New

Deputy Director Vanessa Khaleel

Education Specialist Stephanie Alonzo

Government and Community Affairs Charley Goss

Marketing Lara Kisich

Member Services Gershay Castaneda

Member Services Maria Shea

Accountant Crystal Wang

SFAA Officers

President J.J. Panzer

Vice President Robert Link

SFAA Directors

Eric Andresen, Oz Erickson, Craig Greenwood, Neveo Mosser, Chris Bricker, Bert Polacci, James Sangiacomo, Kent Mar, Dave Wasserman, Paul Gaetani

Published by

San Francisco Apartment Association

Publisher Vanessa Khaleel

Editor Pam McElroy

Art Director Jéna Safai

Production Manager Stephanie Alonzo

Tel 415-255-2288

Web www.sfaa.org

SF Apartment Magazine (ISSN 1539-8161) Periodicals Postage Paid at San Francisco, California and at additional mailing offices. POSTMASTER: Send address changes to the SF APARTMENT MAGAZINE, 265 Ivy Street, San Francisco, CA 94102.

The SF Apartment Magazine is published monthly for $84 per year by the San Francisco Apartment Association (SFAA), 265 Ivy Street, San Francisco, CA 94102. The SF Apartment Magazine is not responsible for the return or loss of submissions or artwork. The magazine does not consider unsolicited articles. The opinions expressed in any signed article in the SF Apartment Magazine are those of the author and do not necessarily reflect the viewpoint of the SFAA or SF Apartment Magazine. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting or other professional services. If legal service or other expert assistance is required, the services of a competent person should be sought. Acceptance of an advertisement by this magazine does not necessarily constitute any endorsement or recommendation by the SFAA, express or implied, of the advertiser or any goods or services offered. Published monthly, the SF Apartment Magazine is distributed to the entire membership of the SFAA. The contents of this magazine may not be reproduced without permission. Publisher disclaims any liability for published articles. Printed by Printing Partners Copyright @2024 by SFAA.

Lead the Charge

New legislation establishes safety standards for the charging and storage of lithium-ion batteries.

New Fire Code for Lithium-Ion Batteries

During the past few years, San Francisco has experienced a noticeable uptic in apart ent res caused by the lithium batteries that residents increasingly rely on to power their transportation (e-bikes, e-skateboards, e-scooters, e-hoverboards, light evehicles), laptops, and other electronic devices. According to the San Francisco Fire Department (SFFD), res linked to lithium-ion batteries have risen in the city.

In addition to re and explosion risks, overcharging lithium-ion batteries can cause thermal runaway and toxic fumes. Fires caused by lithium-ion batteries are also more di cult to extinguish.

As a result, lithium-ion battery safety became a top priority for SFFD, and new legislation passed this year to establish standards for the charging and storage or lithium-ion batteries.

Residences

In multi-unit buildings with two or more units, up to four powered mobility devices for personal use are allowed in each individual dwelling unit, garage, or storage area if these devices meet the minimum safety standards. Minimum safety standards are per Underwriters Laboratories (UL) standards UL2849 or UL 2272, European Standards (EN) 15194 or 17128, or other safety standards of an accredited laboratory approved by SFFD.

Unlisted e-micromobility devices or batteries must be charged outdoors.

The new legislation does not limit the number of personal use powered mobility devices in one- and two- family dwellings (R-3) if these devices meet the minimum safety standards.

Businesses

When charging listed e-powered mobility devices or batteries in your business, charge only one device

per receptacle. If charging ve or more e-powered devices, the business must have re sprinklers and a re alarm smoke detection system, with certain exceptions.

Additionally, there should be a minimum distance between devices or batteries: three-feet spacing is required between e-devices, and if charging the batteries separately, two-feet spacing is required between batteries for up to 20kWh maximum aggregate, and three-feet spacing for up to 50kWh aggregate, unless using an SFFDapproved battery charging cabinet.

Reconditioned

Lithium-Ion Batteries

The new legislation prohibits the sale, use, or assembly of reconditioned lithium-ion batteries using cells from used batteries, except as part of a Cityauthorized recycling program, subject to SFFD approval based on guidelines from an accredited laboratory.

Lithium-ion batteries should be removed from use if they are cracked, leaking uids, punctured, bulging, overheating, smoking, or emitting odor.

Lithium-Ion Battery Disposal

Lithium-ion batteries should never be thrown in the trash. San Franciscans have a few options to dispose of lithium batteries safely. After taping the contact points on lithium batteries, seal them in a clear, plastic bag, and place it on top of the black land ll bin for regular curbside pickup.

Upon management’s request, Recology will deliver an orange battery-disposal bucket to multifamily buildings. Residents can also drop o batteries at any San Francisco Walgreens, most

SFAA LANDLORD EXPO

Come join SFAA and local rental property owners for a free educational event covering all things multifamily housing. Attendees will learn all about the latest trends, products, and services in the multifamily housing industry. Consult with legal and management professionals, get to know service providers, improve educational classes, and meet peers in the San Francisco rental property market. The event is free!

WHEN:

Wednesday, March 27, 2024 12:00 p.m. to 4:30 p.m.

WHERE:

Fort Mason Center, Gallery 308

For more information on the expo contact anessa sfaa org

Annual Allowable Rent Increase 1.7%

E ective March 1, 2024, through February 28, 2025, the allowable annual rent increase is 1.7%. This amount is based on a 60% increase in the Consumer rice Index for all urban consumers in the Bay Area. To calculate the allowable rent increase, multiply the tenant’s base rent by .017.

For example, if the tenant’s base rent is $2,000, the annual increase would be calculated as follows: $2,000 x .017 = $34. The tenant’s new base rent would be $2,034 ($2,000 + $34).

Annual increases must be calculated only on the tenant’s base rent, which does not include capital improvement passthroughs or bond measure passthroughs. Rent increases cannot be “rounded up to the nearest dollar.

Legacy Business Program Update

Mayor London N. Breed, alongside Board resident Aaron eskin, has proposed legislation to bolster the Legacy Business rogram in San Francisco. The aim is to o er direct nancial support to these longstanding establishments, enriching the city’s cultural fabric.

In 2015, voters passed roposition J, establishing the Legacy Business Historic reservation Fund. This initiative provided Rent Stabilization Grants to landlords who agreed to long-term leases with Legacy Businesses, resulting in ftysix such leases. However, landlords were not obliged to share any grant funds with their tenants. The new proposal mandates landlords to allocate at least 50% of the grant to their Legacy Business tenants.

hardware stores, or the SF Transfer Station Household Hazardous Waste Facility.

Communication

Keeping residents informed about battery safety is crucial. Simple materials like signage in common areas or instructional videos can help residents understand the risks and best practices regarding lithium batteries. SFFD has signage to print and hang in common areas (see pages 54 and 55). If you prefer to email this information, you can nd the DFs at s re org

Still Have Questions?

Direct your re-safety-related questions to the San Francisco Fire Department. Visit SFFD’s website at sf- re.org or call 415-558-3300.

For general lithium-ion battery charging safety information, read “Knowledge Is ower in the September 2023 issue of SF Apartment Magazine.

Email other queries to SFAA at memberestions s aa org, and a dedicated sta member will point you in the right direction.

For more information, visit the San Francisco Rent Board website at s rb org, or call them at 415-252-4600. For a history of all allowable increases and e ective periods, turn to page 43.

Informal Review Deadline—March 31

If you believe your property’s assessed value is higher than the market value, you may request an Informal Assessment Review before March 31, 2024. This applies to single-family dwellings, residential condominiums, townhouses, live-work lofts, and cooperative units.

We’ve heard from quite a few members who lled out the form and ended up saving thousands on their tax bill. Why not give it a shot?

Online submissions are preferable (sfassessor org Forms otices), but alternately you may send your request to: San Francisco Assessor-Recorder’s O ce, Attn: Informal Review, 1 Dr.

Carlton B. Goodlett lace, City Hall, Room 190, San Francisco, CA 94102. Fax: 415-554-7915 or e-mail: InformalReie R sfgo org. Be sure to keep a copy for your records.

The Legacy Business rogram, administered by the O ce of Small Business, acknowledges businesses that have served communities for at least thirty years. These businesses contribute to local history and identity, committing to preserving their unique features or traditions.

Businesses seeking Legacy status must apply with a nomination from the Mayor or a Supervisor, supported by a written application. Approval involves recommendations from the Historic reservation Commission and the Small Business Commission.

Inclusion on the Legacy Business Registry o ers recognition and support, encouraging businesses to remain in their communities. The program also o ers educational and promotional aid to sustain their success.

For further details on the Legacy Business rogram and to explore the Registry, visit legacyb siness org. To apply for Registry inclusion, visit sf go legacyb siness

SFAA Updates

SFAA’s o ce is open Monday through Friday. Members are welcome to come into the o ce to pick up rental forms or

Gaining Ground

written by JAY H. GREENBERG

While the 2023 data points show a decline, big activity in January 2024 points to a bright year ahead.

2023 is behind us, and the journey continues into the new year. 2024 will be an exciting year, culminating with the opportunity to vote for what matters.

2023 year-end statistics regarding value indicators and transaction levels are reported below. ricing and transactions declined most of the year, with a fourth-quarter surge in sales for smaller properties. Meanwhile, multiple large loan and building portfolios have traded hands recently, and I expect more will come. The rental market held up well throughout 2023 and remains steady as we start the new year. There are plenty of positive economic signs, unanswered questions, and unresolved issues that are keeping us guessing where the market is headed.

The following are 2023 year-end statistics for the 5-9-unit sector and the 10-plus-unit sector compared to yearend statistics for the last four years.

eak pricing for the 5-9-unit sector occurred in 2016 and 2017, while peak pricing for the 10-plus-unit sector occurred in 2018. Since these peaks, values have been steadily declining.

5-9 Units

The average year-end price per square foot was $554 in 2019 and 2020, representing the high for the reported period. The average price per square foot dropped to $524 in 2021 and $507 in

2022. We saw another decline in 2023, with the year-end price per square foot dropping to $440—a 13% decrease in a year-over-year comparison.

The average gross rent multiplier (GRM) was 16.97 in 2019 before decreasing to 15.71 in 2020, 14.97 in 2021, and 14.47 in 2022. In 2023, the average GRM dropped 10% in a year-over-year comparison, coming in at 12.96.

The average cost per unit followed a similar pattern, starting at $489,000 in 2019 and dropping to $484,000 in 2020, $441,000 in 2021, and $428,000 in 2022. The average cost per unit decreased to $369,000 in 2023—a 13% decrease in a year-overyear comparison.

Total dollar volume went from $349 million in 2019 to $236 million in 2020. But then, in 2021, the total dollar volume reached a decade high of $358 million. This number dipped to $317 million in 2022 before dipping further to $237 million by year-end 2023—a 25% decrease in a year-overyear comparison. To reach this dollar volume, there were 107 recorded transactions in 2019 and 78 in 2020. The number of closings jumped to 108 in 2021, and 117 in 2022. In 2023, there were 101 transactions, with 36% occurring in the fourth quarter—the highest sales activity of the year.

10-Plus Units

The average year-end price per square foot was $598 in 2019 and has been declining ever since. The average price per square foot was $544 in 2020, $520 in 2021, and $447 in 2022. In 2023, there was a 16% decrease in a yearover-year comparison with an average price per square foot of $372.

The average gross rent multiplier (GRM) was 16.56 in 2019, which decreased to 15.54 in 2020, 14.15 in 2021, and 13.54 in 2022. In 2023, the average GRM dropped 22% in a yearover-year comparison, reaching 10.5.

The average cost per unit was $446 in 2019 before decreasing to $425,000 in 2020, $385,000 in 2021, and $346,000 in 2022. In 2023, the average cost per unit dropped to $295,000—a 15% decrease in a year-over-year comparison.

Just like the 5-9-unit sector, dollar volume broke the mold in the 10-plusunit sector. The total amount reached $572 million in 2019, before dropping to $377 million in 2020. There was a signi cant rebound to $554 million in 2021, and then it dipped to $511 million in 2022. In 2023, we saw a signi cant decrease to $199 million— a 61% decrease in a year-over-year comparison. This is the lowest dollar volume gure we have seen in the past decade for this sector. It is also the rst time I have seen the year-end 5-9-unitsector dollar volume total more than the 10-plus-unit sector.

As for the number of transactions, there were 65 in 2019, 46 in 2020, and 83 in 2021. In 2022, this number dropped to 63 closings. And, not surprising considering dollar volume, in 2023, the year-end dollar volume was 39 transactions—a 38% decrease

in a year-over-year comparison and the lowest gure of the past decade.

The sources of the numbers reported are Jay Greenberg, Vitaly Rutus, San Francisco Multiple isting Ser ice, and ostar omps

My Two Cents

In summary, we have double-digit percentage declines in all value indicators, coupled with double-digit percentage declines in dollar volume and transaction levels. The dollar-volume gures stand out among the stats, with year-over-year decreases of 25% for 5-9 units and 61% for 10-plus units—a 47% decrease for the two categories combined.

Below are a few interesting 2023 data points worth mentioning.

Approximately fty percent of all multiresidential transactions of 5-plus units were in the $1.75 million to $3.5 million price range, and ten properties sold between $5 million and $10 million. Zero transactions sold over $10 million, per San Francisco MLS.

The gures above do not include the recent purchase and sale of multiple large loan portfolios. One year ago, San Francisco-based Veritas Investments defaulted on loans, once valued at $915 million. In September, the rado Group purchased a loan portfolio consisting of twenty buildings and approximately three hundred units. Assessors’ documents list the loans in the portfolio purchased by rado as totaling $124 million. The exact amount that the rado Group paid for the loans was not available, however, sources involved in the bidding process speculate the notes were purchased signi cantly below the face value, possibly as low as fty cents on the dollar.

San Francisco-based Ballast Investments, along with New York-based Brookeld roperties, bought two apartment portfolios tied to seventy-six buildings and approximately 2,165 San Francisco apartment units in January 2024 at a

Is Your Building

C OMPLIANT?

SAN FRANCISCO FIRE CODE 1103.7.6.1 Didn’t make the deadline? No worries! WE CAN HELP! o worriees! rie BUT…DON’T WAIT TAKE ACTION NOW! T

AFTER BEFORE Authorized Distributor of

Lay of the Land

written by M. BRETT GLADSTONE, ESQ.

Read on for a rundown of regulation

apartment building owners.

From 2020 through 2023, the City and State have enacted signi cant new laws a ecting apartment buildings in San Francisco, including: (1) the Intermediate Length Occupancy (ILO) Law, (2) the Community Opportunity to urchase Act (CO A), (3) amendments to the lanning Code which can often force an owner to legalize illegal units, (4) the relaxation of many Accessory Dwelling Unit (ADU) regulations, (5) the allowance of subdivisions of smaller lots under SB-9; and (6) the allowance of more residential units per lot.

The rst two re ect a more active pro-tenant Board of Supervisors, and the latter four re ect the impetus to create more housing, particularly smaller units less expensive to develop. This article will summarize the rst ve topics.

Relaxed ADU Regulations

While ADUs have been allowed for many years, the State and City amended regulations over the last few years to allow more ADU units to be built.

For the rst time, two ADU units may be built in the rear yard of a lot already containing two or more units, and the usual rear-yard variance is no longer required. Units can be 1,000 square feet or less in some circumstances, and 800 square feet or less in others.

The units must be set back four or more feet from the rear and side property lines. The distance between the new and existing structures is not regulated for units approved under the State program. ADUs that do not require waivers of local codes are exempt from subjective design review, have a shortened approval period (sixty days), are exempt from local developer impact fees under certain circumstances, and are exempt from appeals to the lanning Commission. Limits on the number of ADUs created within an existing structure of two or more dwelling units have been removed, as long as the number of ADUs created does not exceed 25% of the number of existing legal dwelling units. ADUs in transit-rich areas can now be as tall as eighteen feet, and if attached to an existing home, they may be as high as twenty- ve feet in some instances.

The State has created a new type of ADU for existing and proposed singlefamily dwellings called a Junior ADU (JADU), limited to 500 square feet. JADUs are built within the envelope of a building containing a dwelling unit. There must be owner occupancy in either the primary unit or in the JADU. With the exception of JADU units, any local laws that require an owner to reside in either a primary residence or the ADU are disallowed until January 1, 2025.

State law has recently changed to allow ADUs to be sold as condominiums

as long as localities provide permission. San Francisco has not allowed marketrate ADUs to be sold and likely will not in the future.

Limits on Removing Illegal Dwelling Units

The lanning Commission (and not just its sta ) must now approve the removal of illegal units. An owner may no longer be guaranteed approval by showing that the value of the unit or home is at the very top of the range of values.

In deciding, the Commission will consider whether the unit being removed costs too much money to legalize, using two formulas. Meeting the criteria of either or both will be the most important factor in an approval.

First, the Commission will compare the cost to legalize the unit to the potential added market value of the building once the unit is legalized. Legalization would be deemed nancially feasible if the gain in the value of the property is equal to or greater than the cost to legalize the illegal unit.

Second, the Commission will look at whether the cost to legalize the illegal unit under applicable local codes is reasonable based on how such cost compares to the average cost of legalizing a unit derived from the cost of projects on the lanning Department’s Master List of Additional Dwelling Units Approved.

A proposed State law would remove some of the expense of proving this to the City.

Finally, the Commission can consider whether the cost would constitute a nancial hardship if no City funds were available to assist the property owner with the cost of legalization. This has been used only rarely. City funds are not available to market-rate ADUs.

Senate Bill 9 Lot Splits

Senate Bill 9 allows second units for most parcels in single-family zoning neighborhoods throughout the State. It also allows previously unallowed lot splits, which can result in additional units since there can now be at least two units per lot in singlefamily zoned neighborhoods. An owner may not have to call a new second unit an ADU for it to be allowed in single-family zoning districts.

Currently, many lot splits in San Francisco are impeded by the requirement that (with some corner building exceptions) all new lots be 2,500 square feet or more. Under SB-9, a lot only needs to be 1,200 square feet.

Lot splits under SB-9 must create two parcels of approximately the same area— at most, a 60/40 split. A property owner must sign an a davit stating that he or she “intends to occupy one of the housing units as a principal residence for at least three years. A lot cannot be split again and again. Any SB-9 unit cannot be rented for less than thirty days.

Because SB-9 allows two dwelling units on a lot in a single-family-zoned district, a majority of existing single-family-zoned parcels to be subdivided can be developed with two non-ADU units per lot—and perhaps also an ADU or two. The result is that when splitting lots, there may be opportunities to create as many as four to ve units under SB-9 (some of which will be ADUs).

Development under either or both parts of SB-9 will be exempt from the California Environmental Quality Act (CEQA), a law often used by opponents for appeals. Another major feature of SB-9 is that new units (and lot splits) become “ministerial approvals, meaning that no

public hearings are required, and that the public will not be given a chance to request a hearing through the process of “discretionary review. Cities can only disapprove if they demonstrate speci c adverse impacts on health, safety, or the physical environment, which can be di cult.

The parcel must not be in a historic district, and the parcel must not contain an existing building that is a local landmark or a “historic resource. The existing building(s) on the lot must not have been subject to the Ellis Act in the last fteen years, and the lot must not have had demolition or removal of a ordable, rentcontrolled units, or units rented in the recent past.

In San Francisco, there are several reasons a property owner may want a second or third unit to be considered a dwelling unit and not an ADU. Unlike ADUs, duplex units approved under SB-9 could be sold as condomininums, and sometimes, they can be short-term rentals through platforms such as Airbnb. Zoning standards such as setbacks and rearyard requirements cannot be imposed if they would have the e ect of physically precluding the construction of up to two units or would prevent either of the two units from being at least 800 square feet (unless the inability to build two units is a result of the four-foot side and rear lot line setback requirements).

ILO Housing Restriction

Intermediate Length Occupancy (ILO) units are units rented for over thirty days but less than one year. In most cases, owners must obtain permission from San Francisco to rent such units and, with exceptions discussed below, permission will be granted until the number of such units in the City reaches 1,000. Nowhere near that amount has been approved as of January 4, 2024.

The City requires that two-thirds or more of the 1,000 ILO units in buildings of more than ten units be in the “downtown core ; and no more than one-third can be in communities of lower-income residents.

Only buildings with four to nine units are subject to the 1,000-unit overall cap.

Certain kinds of units or buildings cannot have ILO units all: (1) buildings of one to three units; (2) buildings currently subject to Notices of Violation; (3) rent-controlled units; (4) units in buildings built after June 22, 2020; (5) units designated as Below Market Rate Units; and (6) units within a lot in a Mixed-Use Zoning District (for example, the Eastern Neighborhoods, Chinatown, and zoning districts regulated by Article 8 of the lanning Code).

A major hosting platform recently wrote to unit owners to say there is a deadline to apply. However, there is no deadline to apply at this time.

The lanning Sta can approve ILO units in four-to-nine-unit buildings, but in buildings with ten or more units, the lanning Commission must approve. The Commission or Sta will not approve ILO units in certain circumstances, including in a building where more than a certain percentage of units are already being used as ILO units.

There are no grandfather provisions, meaning that units already rented for terms longer than thirty days and less than a year will have to register. The process of legalizing existing rentals of intermediate length (or starting a new lease of that length) is started by ling an alteration or building permit (and plans) with the Building Department, which then starts the lanning Department review process.

No later than March 1 of each year, the owner or operator of each ILO unit must submit to the Department an Annual Unit Usage Report for the prior calendar year containing certain information.

COPA

The Community Opportunity to urchase Act (CO A) is a new local law requiring sellers of residential properties with three or more units to give

Top-Dollar

Written by JOAQUÍN TORRES

The San Francisco Assessor-Recorder’s

O ce is in esting in the critica ser ices needed to ensure our City’s di erse residents thri e

With a sta committed to providing excellent public service, we have been doing our work—fairly and accurately, in the o ce and in the community—to ensure the nancial stability of San Francisco and provide critical services to our diverse constituents.

Despite the continued economic challenges presented by the pandemic, our Assessment Roll saw modest growth of 4.6%, rising to $344.5 billion in assessed value, which is expected to generate approximately $4 billion in property tax revenue for Fiscal Year (FY) 2023-2024.

This revenue ensures that San Francisco can make the investments necessary to address our most pressing needs and allow our City to thrive—from public safety to economic recovery, public education to transportation and our parks, homelessness, health, a ordable housing, and more. While the increase in the Assessment Roll for this year was slightly higher than the City’s projections, the City Controller is projecting that growth will slow to approximately 2.5% in FY 2024-2025 due to ongoing patterns of remote work and high interest rates.

wealth.

Assessor-Recorder Torres speaks with a constituent at the Assessor’s 2023 Family Wealth Forum at San Francisco City College. (Photography Credit: Derek Leung, 3color Production)

Assessor-Recorder Torres gives a presentation on ADU Considerations & Impacts to Property taxes alongside the San Francisco Planning Department, the San Francisco Department of Building Inspection, and Habitat for Humanity at the Assessor’s 2023 Family Wealth Forum. (Photography Credit: Derek Leung, 3color Production)

a constituent during a one-onone counseling session at the Assessor’s 2023 Family Wealth Forum. (Photography Credit: Derek Leung, 3color Production)

San Franciscans listen to a of the Assessor-Recorder provides as well as assessment basics during the Assessor’s 2023 Family Wealth Forum. (Photography Credit: Derek Leung, 3color Production)

Photography Credit: Derek Leung, 3color Production

We’ve made ourselves more accessible to you in the community. We’ve visited real estate agencies, brokerages, and small property owners to learn what they’re seeing on the ground within the residential real estate market. We’ve presented and answered questions about the latest information on topics including roposition 19, how to le for an Assessment Appeal and Informal Review, and how rst-time homeowners can apply for the Homeowner’s Exemption. We’ve seen you across the city at our over thirty educational presentations and workshops, including—to name just a few—the Small roperty Owners of San Francisco Institute, the Homesharer’s Democratic Club, the Chinese Real Estate Association of San Francisco—covering issues ranging from the impact of Assessment Appeals on our workload, intergenerational transfers to business personal property for short-term rentals, and more.

We’ve made progress in making our recorded documents—like deeds of trusts, notices of defaults, reconveyances, and liens—more accessible to you, digitizing over two million public records, which are now available for instant purchase and download at home. Today, nearly seven million documents recorded from 1990 onward are available online.

We’ve taken advantage of cultural events in the city to raise awareness of the legacy of housing segregation in San Francisco and present-day bias in private home appraisals that contribute to the inequity communities of color face today.

In our work to strengthen diverse communities, we launched a second phase of our Estate lanning rogram in partnership with HERA (Housing and Economic Rights Advocates) and with philanthropic investment from the Crankstart Foundation. This program provides an additional one hundred families with free and low-cost estate plans, supporting our e orts to build intergenerational wealth while realizing outcomes that advance racial equity and economic justice in our neighborhoods.

Counterclockwise from top left:

The SFLGBT Center speaks with empowerment programming for residents and entrepreneurs at the Assessor’s 2023 Family Wealth Forum. The Family Wealth Forum featured a resource fair with over 20 community organizations and government partners sharing resources to help San Franciscans build economic security and

In 2023, our signature Family Wealth rogram returned in person at City College, Ocean Avenue campus. We welcomed hundreds of constituents with presentations and resources to build your nancial literacy, protect our seniors from nancial scams, educate you on the opportunities to build wealth, and to take the opportunity to answer your questions about property assessment and taxes, new construction, permitting, and more.

Our work continues to address the threefold increases in the number of appeals led by residential and commercial property owners. Before the pandemic, in FY 2018-2019, fewer than one thousand appeals were led. Throughout the last three scal years, the number climbed to an average of nearly 2,500. This FY 2023-2024, the number of newly led appeals has grown to approximately 7,500, 70% of which are residential properties.

To meet this challenge, over the past two years, our O ce has closed more than 100% more appeals than the average for the three years preceding the pandemic. We restructured our teams to help meet this demand and successfully advocated for a budget that will see more sta join and support us as we face a years-long marathon of working through assessments in a timely manner and the appeals that lie ahead of us.

Throughout 2024, we’ll also focus on the nal phases to update our multi-year property tax assessment system, known as SMART (System for Managing Assessment, Records, and Transactions). This modernization process will replace a decades-old system and allow for more e cient processing of annual property assessments, greater transparency in our work, and improved data collection.

Opportunities for Tax Savings

From January 2 to March 31, 2024, residential property owners may le an Informal Review Request with our o ce to lower the assessed value of their home. This is a pathway for homeowners to receive temporary reductions in their assessed value if it is higher than the current market value. This service is available to property owners in single-family dwellings, residential condominiums, townhouses, live-work lofts, and cooperative units.

For instructions on how to le an Informal Review Request, turn to page 10.]

Topic of Interest: Accessory Dwelling Units

Additionally, I want to share information on a topic I am frequently asked about: Accessory Dwelling Units (ADUs) and how they impact your property assessment.

As I’m sure you know, our City has an obligation to build 82,000 units of housing in the next decade. ADUs are one of the tools available for achieving this goal—and they are a method for you to add more value to your property.

Given the interest in this topic, both locally and around the state, I want to make sure you understand how the process for building an ADU works from an assessment standpoint. As with any new construction, building an ADU can be complicated and involves many steps. In sharing how our o ce would typically value an ADU, I hope this knowledge will be helpful as you consider your property.

Q. What is an ADU?

A. I’ll begin with the basics. ADUs are secondary housing units, typically with a separate entrance, kitchen, bathroom, and a place to sleep. ADUs can come in many shapes and sizes but are generally a self-contained home, smaller than the main residence.

Q. What type of construction leads to assessment?

A. Next, let’s discuss the types of new construction that trigger an assessment from my o ce. Under California property tax law, your property is reassessed when the property undergoes a change in ownership, such as the sale of a property or when improvements are made to your property. These improvements are what we call “New Construction.

New Construction contrasts with normal maintenance and repairs, typically not considered new construction and not subject to assessment by our o ce. Examples include dry rot repairs and roof replacements.

As a reminder, except for assessable events such as a Change in Ownership or New Construction, the maximum annual upward adjustment to your property is the California Consumer rice Index (CC I) or 2%, whichever is lower.

Q.

A. Any New Construction, including the construction of an ADU, will cause a reassessment of only the portion of the property that was newly constructed.

The Assessor’s O ce sta uses standardized appraisal methods, and there are three—cost, income, and sales—to determine the market value of the new construction.

When adding an ADU to a single-family residence, our o ce typically uses the “cost approach for valuation. With the cost approach, the formula used to calculate value is the land value plus market value construction costs.

For bigger properties, such as apartment buildings with multi-units, we would likely use the “income approach for valuation. This is due to the use of the ADU as an incomeproducing property.

Ways to Connect.

Email SFAA at MemberQuestions@sfaa.org to have your questions and concerns promptly addressed, latest in the industry by connecting with SFAA.

Email SFAA at MemberQuestions@sfaa.org

Follow SFAA on Twitter at twitter.com/SFAptAssoc

Follow SFAA on Linkedin

Follow @SFaptmagazine on Instagram

Q. Still confusing? Let’s walk through a typical ADU project in San Francisco.

A. A single-family home has a current assessed value of $500,000, which is lower than its market value of $1,500,000. This is because the property has only increased by no more than 2% since the home was purchased in 1990. The owners pay approximately $6,000 in annual property taxes on $500,000 of assessable value.

The owners decide to get a building permit to convert their garage into an ADU, which includes a separate entrance, bathroom, kitchen, and sleeping area. The estimated project cost to build the ADU is $120,000.

In the rst year, 40% of the project, including a new bathroom, is completed. Our o ce will add the temporary value of approximately $50,000, which is 40% of the total $120,000 project, to the property’s assessment. This value will be reected in your annual Notice of Assessed Value that you receive in the mail from our o ce at the end of July.

In the second year, the project is completed, and our o ce adds the New Construction value of the ADU in the amount of $120,000 to the property’s assessed value. The new base year value is a little over $620,000, with the annual property taxes rising by $1,300. The new market value is $1,630,000.

New Construction of ADUs associated with income-producing properties, such as multi-unit apartments, may be assessed using the income approach or sales approach. The increased tax amount based upon the new construction will be determined by the estimated market value added by the new construction and will not necessarily be the cost of the new construction. The methodology is determined based on the income the subject property could generate from the new units.

Thinking like an owner rather than a property manager, we always make decisions about your property with you in mind.

URBAN UNLOCK

Written by MARK HOGAN

Is there a future for a mixed-use downtown?

The conversion of o ces to residential buildings in San Francisco has been a topic of discussion amid the shift to remote work, leaving the future of o ce and workspace uncertain. In major markets, a substantial portion of downtown workers haven’t returned to in-person work.

San Francisco went from a 4% o ce vacancy rate pre-pandemic to a 24% o ce vacancy rate in 2022 and then a 35.9% o ce vacancy rate by the end of 2023, according to the San Francisco Chronicle. Meanwhile, residential rents have nearly recovered or exceeded pre-pandemic levels in the Bay Area (although not in all locations).

Converting large high rises (like the Salesforce Tower or Embarcadero Center) to residential use is very expensive, given the many new services (plumbing, residential HVAC, etc.) that must be run through the building. Another challenge is creating apartment units from large oorplans originally designed for open-plan o ce use. This conversion scenario has dominated the national conversation about this issue. Residential units in these buildings inevitably have windowless bedrooms and other tradeo s and ine ciencies that result in lower rents relative to typical high-rise apartments in purpose-built residential buildings.

Small Class B or Class C buildings are the sweet spot for converting o ce space to residential units: smaller oor plates allowing more natural light, high ceilings, and operable windows all make for much simpler residential conversions, creating apartments that people actually want to live in. These conversions are similar to the loft building conversions common in the 1990s.

Older buildings in Downtown San Francisco have become particularly di cult to lease since commercial tenants are taking advantage of cheaper rents and upgrading to newer buildings. These older buildings are generally background buildings that sit on small parcels, sometimes with an alley behind them. arcel sizes vary, but they can go below three thousand square feet.

This is not the rst time commercial conversions have been a topic of discussion in San Francisco. In the 1990s, there was a boom of conversions in old commercial loft-style buildings—not just in San Francisco but in many cities around the country. It seemed equally unlikely at rst that these building conversions (such as

the Clocktower Building on 2nd Street adjacent to I-80) would succeed, but the early conversion projects spurred the demand to both live and work in SOMA.

Policy Initiatives Driving Transformation

olicy initiatives aimed at incentivizing developers and investors to repurpose underutilized o ce buildings are central to the proliferation of o ce-to-residential conversions. In California, where the housing crisis looms large, initiatives like the $400 million O ce to Housing Conversion Fund Grants could be instrumental in transforming dormant o ce spaces into much-needed residential units.

In 2022, California’s budget allocated $400 million as a nancial incentive to developers for converting commercial and o ce buildings into a ordable housing. This budget allocation, spanning 2022-2023 and 2023-2024, is part of the state’s proactive approach to incentivizing the transformation of underutilized spaces into much-needed a ordable housing options. We will have to wait and see if this funding bears fruit.

The Federal Government is also getting in on the act. The Department of Transportation (DOT) is releasing new guidance on how the Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation & Improvement Financing (RRIF) programs—which combined have over $35 billion in available lending capacity for transit-oriented development projects at below-market interest rates—can be used to nance housing development near transportation, including conversion projects.

DOT is releasing guidance that makes it easier for transit agencies to repurpose properties for transit-oriented development and a ordable housing projects, including conversions near transit.

The Department of Housing and Urban Development (HUD) is releasing an updated notice on how the Community Development Block Grant fund—$10 billion of which has been allocated during this administration—can be used to boost housing supply by converting o ces to residential units.

The General Services Administration (GSA) will expand on its Good Neighbor rogram to promote the sale of surplus federal properties that buyers could potentially redevelop for residential use.

The White House is releasing a Commercial to Residential Federal Resources Guidebook with over twenty federal programs across six federal agencies to support converting o ces to residential units.

San Francisco’s Local Legislation

As part of the Residential Housing Needs Allocation process, the City is currently undergoing rezoning e orts to accommodate over 80,000 new housing units. Utilizing

o ce-to-residential conversions to add residential units Downtown could play a role in addressing housing needs and contribute to the solution. Moving more residents into the Financial District and surrounding areas will help turn these places into twenty-four-hour neighborhoods, supporting public transit and retail businesses that have been hurt by the transition to remote work.

It’s not easy making o ce-to-residential projects pencil out. Several factors impact the nancial viability of o ce-to-residential conversion, including:

• City fees (permit fees, impact fees, and a ordable housing mandates)

• Transfer taxes and property taxes

• High construction costs (especially in buildings that require seismic retro ts)

• Soft costs related to entitlement risk

In May 2023, the lanning Commission granted unanimous approval to a package of reforms to the lanning Code. It was subsequently approved by the Board of Supervisors in June 2023 and signed by the Mayor on July 5, 2023. This legislation encompasses strategies to address vacant spaces throughout the Downtown and Union Square areas, focusing on two critical aspects.

First, it amends the City’s lanning Code, streamlining the approval process and requirements for transforming existing ofce buildings into housing. Second, it eliminates restrictions to encourage a wider range of businesses and activities, fostering a more vibrant and dynamic atmosphere in Union Square and throughout Downtown San Francisco.

The legislation modi es portions of the lanning Code that previously would have needed to be approved on a case-by-case basis, providing assurance earlier in the process that a conversion can move forward. These changes include:

• Relaxing rear yard requirements

• Modifying and reducing the dwelling unit exposure requirements

• Removing dwelling unit mix requirements

• Removing requirements to upgrade streetscape elements

• Streamlining preservation reviews

• ermitting live-work units Downtown (which had been banned following the dot-com boom)

•Allowing a number of uses previously not permitted in Downtown commercial zoning

•Allowing for payment of an in-lieu fee if open space is not provided on-site

•Amending the Building Code to add standards for adaptive reuse of nonresidential buildings

•Adding exible workspace as a de ned use in the lanning Code and allowing an active ground- oor use

Overcoming Challenges: The Path to Conversion

Despite the promise they hold, o ce-to-residential conversions are not without their challenges. Retro tting o ce buildings to meet residential codes and standards can be a complex and costly endeavor, especially when a change of use is undertaken on a building that was originally permitted one hundred years ago for a di erent original use.

Moreover, the viability of o ce-to-residential conversions hinges on factors such as market demand, location dynamics, and the availability of nancing. While incentives and policy support can mitigate some nancial barriers, the economic feasibility of conversion projects depends on a nuanced understanding of local market conditions and demographic trends.

Stubbornly high construction costs are still with us, but converting smaller Class C buildings could be a path forward in cases where the building does not need a costly seismic retro t. These buildings are more likely adaptable to residential use given their windows, high ceilings, and smaller size, which usually means less wasted space and fewer items to be demolished, like redundant elevator cores or glass curtain walls.

The Future of Urban Living

As cities grapple with the dual challenges of housing a ordability and sustainable urban development, o ce-to-residential conversions o er a compelling solution for a number of problems. By repurposing underutilized o ce spaces into vibrant residential communities, cities can reclaim valuable urban real estate, reduce carbon footprints, and support local businesses su ering from a drop in foot tra c associated with lower o ce occupancies. The bene ts begin immediately: as soon as construction starts, you’re already bringing people to the site.

San Francisco’s leaders should encourage o ce conversions by making them nancially feasible. It’s increasingly clear that we won’t be experiencing a full return to in-o ce work, and a mixed-use downtown would have bene ts that go far beyond just helping to balance the city’s budget.

Mar ogan, AIA is an architect and a principal at penScope Studio in San Francisco penScope Studio wrote the Accessory Dwelling Unit (ADU) Handbook forthe San Francisco Planning Department and has worked on designing ADUs for o er fty apartment buildings in San Francisco

601

San Francisco’s premier real estate law firm has been advancing the rights of property owners for over two decades. Contact us for your real estate legal needs, and scan the QR code to subscribe to our monthly newsletter.

Split Decision

written by VARIOUS AUTHORS

Always maintain clear records of occupancy when it comes to original occupants.

Q. A married couple who

vorce. One of them plans to stay in the apartment. Should I ask that person to sign a new lease

A. For many renters, rent control feels like an asset. In terms of housing costs, it resembles an amortized mortgage payment that stays the same as prices increase all around. But aside from waiver traps for the landlord and some tenant illegal activity, it’s not transferable or sellable (though the departing tenant very well might be walking away with the Nvidia stock as compensation in the dissolution agreement).

You’re wondering if you should have the remaining tenant sign a new lease, but you’re focusing on the wrong spouse. First, the “intermediate length occupancy ordinance (the reason landlords can’t rent to, e.g., corporate rentals placing traveling nurses) also made it clear that the end of a term lease does not conclude the tenancy. The tenant who stays was your tenant on the original lease, and they remain your tenant once that lease expires, and their tenancy becomes month-to-month.

Having them sign a new lease (and presumably, you mean that you haveonlythem sign the new lease) does nothing to conclude the contractual rights of the departing spouse.

(In fact, you may create some confusing issues with enforcement if you try toimposethe new lease in violation of Rent Board rule 12.20(a), prohibiting evictions based on unilaterally imposed terms.)

Now, you don’t care if the ex comes back to visit the cats or the kids (as the case may be). And unless this is the rare and unfortunate case of domestic violence, you really have no immediate stake in whether one or more of them asserts a claim of right to access the apartment based on their original lease.

Assuming you want closure as much as the tenant who initiated the breakup, you might ask the two of them to enter an agreement that lets the departing tenant o the lease, terminates their right of access and obligations, and con rms that the remaining tenant assumes sole liability. (Arguably, this is a “buyout of the departing tenant, but I think you’d do ne just having them volunteer to terminate the lease since you’re not paying them or getting possession back.)

If you aren’t able to secure this kind of agreement, you should be ne—unless the remaining tenant one day decides to move on, and the departing one tries to opportunistically reacquire their old rent control. There’s an open question as to whether an “original occupant can maintain the right to rent control without actually residing

in the unit (returning later when another original occupant leaves). On the right facts, I think this gets decided in the landlord’s favor. Until that day comes, just try to keep clear records of occupancy. Feel free to even introduce your tenant to your single friends— as long as those friends understand they’resubsequentoccupants.

Justin A Goodman

Q.

day notice to vacate two months ago but did not vacate as an nounced. And now rent is not being paid. What can I do?

A. This question highlights the fact that in San Francisco and other places with strict rent control laws, a resident’s notice to vacate may be rescinded and revoked at any time. Housing providers may, therefore, nd themselves in uncomfortable situations when they sign new leases with tenants for apartments that are not actually vacant and available. To understand why a resident is free to withdraw a notice to vacate, remember that a tenancy may only be terminated for one of the sixteen “just cause reasons outlined in the San Francisco Rent Ordinance. A tenant’s notice to vacate is not one of those approved grounds. As such, never rely on these notices, and always wait until the housing is entirely empty before signing a new rental agreement with new tenants.

The SFAA lease agreement does, however, hold the rescinding resident nancially responsible for this change of heart. The lease provides you with the following remedy:

“If Tenant intends to vacate at the end of the original term of this

Agreement, or at any other time after the original term of this Agreement, Tenant must give Owner at least thirty (30) days prior, written notice of Tenant’s intention to terminate the tenancy and vacate the remises. Tenant may rescind said notice within ve (5) calendar days after it is served on Owner without incurring liability to any person.

Such rescission must be in writing and delivered to Owner. Thereafter, if Tenant fails to vacate the remises on or before the date set forth in Tenant’s notice, Tenant shall be liable for any costs incurred by Owner or any third parties who relied upon Tenant’s notice terminating the tenancy. Tenant’s failure to pay any such sums within twenty (20) days after demand shall be deemed a material breach of the Agreement.

In this situation, it appears as though the resident has rescinded the notice to vacate but is also not paying rent. Nonpayment of rent is a just cause reason to seek termination of a tenancy and, as such, the owner here should retain counsel to begin that process.

Remember, by not vacating on or around the date stated in the notice, the resident committed to continuing with the obligations of the tenancy, meaning rent without o set is to be paid timely in exchange for enjoying the bene ts of the rental housing. If rent is paid in response to the legal notice to pay or quit, then the tenancy continues on a month-to-month basis until the resident actually leaves or a just cause reason is invoked to terminate the leasehold.

Interestingly, the state rent control law as originally enacted in 2019 permits an owner to terminate a tenancy in response to a resident’s unful lled promise to vacate. Speci cally, an eviction may be commenced when:

“[T]he tenant fails to deliver possession of the residential real property after providing the owner written notice as provided in Section 1946 of the tenant’s intention to terminate the hiring of the real

property, or makes a written o er to surrender that is accepted in writing by the landlord, but fails to deliver possession at the time speci ed in that written notice as described in paragraph (5) of Section 1161 of the Code of Civil rocedure.

In San Francisco, the local rent law is more restrictive than the state law and, as such, is controlling. Therefore, your recourse lies solely within the lease agreement’s assignment of nancial liability.

—Dave

Wasserman

Q.tion, I found the tenant had in stalled a washing machine, which at some point caused water dam (and for how much) do I handle the security deposit?

A. An owner may retain such amounts of the security deposit for “[t]he repair of damages to the premises, exclusive of ordinary wear and tear, caused by the tenant (Civ. Code 1950.5(b)(2).)

Generally, ordinary wear and tear is the expected unavoidable deterioration of a premises over time due to the everyday use by a tenant. This could include minor scu s, fading of paint or wallpaper, and small nail holes or dents in walls. Ordinary wear and tear would not include stains from pets or spills, large excessive holes in the walls, broken windows, and structural damages due to unreported water leaks. During the move-out inspection, the owner found the Tenant had installed a washing machine at some point without notifying the owner, which caused water damage over time. The Tenant should have noti ed the owner once the Tenant discovered the water leak and damage to the oors. This type of damage would not be categorized as ordinary wear and tear since it was an unreported water leak that gradually destroyed the oors.

When it comes to the accounting of the security deposit under Civ. Code

1950.5(g), since the estimate to repair the oors is $5,000, the owner should keep $5,000 of the security deposit until the owner can determine their nancial burden. That amount could increase once work starts, or insurance may deny coverage. Once the insurance claim is resolved, the owner can return the remainder of the security deposit. If the security deposit is not enough to cover the total amount for the repairs of the oors, the owner may also bill the Tenant for the additional costs.

The issue with just charging the deductible in the Civ. Code 1950.5(g) accounting of the security deposit is that it presumes that the insurance company will cover the damage. Insurance commonly only covers sudden or accidental water damage. Damage over time may not be covered. If the owner only withheld $1,000 from the security deposit, then the owner would be left paying the other $4,000 out of pocket after the claim was denied.

As a nal note, the statute allows for withholding good faith estimates for repair costs. The owner should make a claim to insurance in an e ort to cover the damage and return the remaining security deposit to the tenant if the claim is covered. It is bad faith to withhold the $5,000 from the security deposit and keep the $4,000 windfall from the insurance company.

—Thomas Koster

The information contained in this article is general in nature onsult the advice of an attorney for any speci c problem Justin A Goodman is with acks Freedman, P and can be reached at - - Dave Wasserman is with Wasserman ces and can be reached at -Thomas Koster is with Koster eadbetter and can be reached at - -

“Quali ed Nonpro ts the rst right to make an o er. CO A also applies to vacant land that could be developed with three or more units.

The sale of an individual TIC share in a residential building will not be considered a building sale subject to CO A, unless the transfer is connected with a series of transactions to sell the entire building. rudence dictates that sellers comply with certain CO A Notice of Sale rules before listing and marketing their properties for sale. Real estate agent listing agreements should address the possibility of a CO A sale.

Quali ed Nonpro ts have ve (5) days to notify the seller if they are interested in making an o er to buy the property. Upon receipt of such noti cation, the seller must provide further disclosures to the interested nonpro t(s), including name and contact information for each tenant. That triggers an additional twenty- ve-day period during which the Quali ed Nonpro t(s) may submit an actual purchase o er.

If none of the Quali ed Nonpro ts on the City’s list of approved nonpro ts express an interest in making an o er within the initial ve-day period, the seller may proceed in marketing the property for sale and may solicit thirdparty o ers for purchase.

If a Quali ed Nonpro t makes an o er to purchase the property, the seller is not required to accept the o er. However, any Quali ed Nonpro t that made an o er rejected by the seller acquires a Right of First Refusal to purchase the property by matching the terms and conditions of a subsequent third-party o er.

Under the Right of First Refusal, the seller must provide notice to any Qualied Nonpro t whose initial o er was declined and state the terms and conditions the seller has received from any thirdparty purchase o er the seller intends to accept. Also, if a seller has not provided

the initial ve-day Notice of Sale before accepting an o er, perhaps because there is an unsolicited one, all Quali ed Nonpro ts are still entitled to receive noti cation of their Right of First O er, followed by a thirty-day o er submittal period. Quali ed Nonpro ts have ve days to exercise their Right of First Refusal (thirty days if the seller is responding to an unsolicited o er). A Quali ed Nonpro t can be required to include the same closing date and contingency removal dates as the third-party o er it is matching.

CO A regulations state that a Quali ed Nonpro t must be given a minimum of sixty days to release any contingencies. Material changes to the terms and conditions of a third-party o er may be considered a new o er, which the seller must then present to all Qualied Nonpro ts that declined the original o er, and the Right of First Refusal process starts over again. CO A rules expressly authorize “conditional thirdparty sales agreements.

If a seller wishes to accept a third-party o er to purchase, or if the seller makes an o er to sell that a third party wishes to accept, the respective o er to purchase and/or o er of sale may be accepted contingent upon no Quali ed Nonpro ts exercising their Right of First Refusal.

CO A rules expressly authorize these “conditional third-party sales agreements. If a seller receives a third-party o er to purchase that the seller wishes to accept, or if the seller makes an o er to sell that a third party wishes to accept, the respective o er to purchase and/or o er of sale may be accepted contingent upon no Quali ed Nonpro ts exercising their rights.

The content in this article is general in nature. Contact an attorney regarding your speci c situation.

M rett Gladstone is an attorney at Goldstein Gellman Melbostad Harris, San Francisco

The San Francisco Fire Department now requires all new construction buildings to secure their Fire Department Connection (FDC) inlets with Knox Locking Caps (locking caps are optional for existing buildings). The caps lock on the inlets to prevent clogging that can compromise the operation of the FDC system.

• Ensure a ready and reliable water flow to the automatic sprinkler systems

• Eliminate costly and unnecessary backflushes and repairs due to debris and vandalism

• Reduce property damage and potential long-term disruption to building tenants and residents

sfaa2024calendar

sfaa 2

March

MONDAY, MARCH 4

Board of Directors Meeting

11:30 a.m.

TUESDAY, MARCH 19

The Corporate Transparency Act:

The Impacts

Zoom

1:00 p.m. to 2:00 p.m.

Members $45 Non-Members $65

WEDNESDAY, MARCH 13

Fair Housing Rules Regarding Families & Children

Previously Recorded Link

1:00 p.m. to 2:00 p.m.

Members $45 Non-Members $65

FRIDAY, MARCH 22

The History of Costa Hawkins

Zoom

10:00 a.m. to 11:00 a.m.

Members $45 Non-Members $65

THURSDAY, MARCH 14

How to Deal with Nuisance Issues In Your Building

Zoom

1:00 p.m. to 2:00 p.m.

Members $45 Non-Members $65

WEDNESDAY, MARCH 27

Annual Landlord Expo Fort Mason Center, Gallery 308

2 A Marina Blvd

12:00 p.m. to 4:30 p.m.

April

MONDAY, APRIL 8

Board of Directors Meeting

11:30 a.m.

FRIDAY, APRIL 19

2024 Legislative & Judicial Updates

Zoom

10:00 a.m. to 11:00 a.m.

Members $45 Non-Members $65

THURSDAY, APRIL 11

Best Practices for Handling

Nuisance Issues

Zoom

1:00 p.m. to 2:00 p.m.

Members $45 Non-Members $65

FRIDAY, APRIL 26

You’re Going to Have to Serve Somebody

Zoom

10:00 a.m. to 11:00 a.m.

Members $45 Non-Members $65

TUESDAY, APRIL 16

Tenant Liability & How to Protect Your Assets

Zoom

1:00 p.m. to 2:00 p.m.

Members $45 Non-Members $65

TUESDAY, APRIL 30

Intellirent: Creating a Listing That Works

Zoom

10:00 a.m. to 11:00 a.m.

FREE for SFAA Members Only

FRIDAY, MARCH 15

Intellirent: Screening & Rental Marketing Provider

Zoom

1:00 p.m. to 2:00 p.m.

FREE for SFAA Members Only

WEDNESDAY, APRIL 17

SFAA Virtual Legal Panel

10:00 a.m. to 11:00 a.m.

, , 2024 for .

SFAA’S TENANT SCREENING SERVICE

THROUGH INTELLIRENT

STEP 1:

Create a free account at sfaa myintellirent com agent-signup.

STEP 2:

Invite an applicant to apply via an online application customized to SFAA’s criteria. You can also publish your available rental on Intellirent across mulitple ILSs.

RATES

Intellirent is your free, online rental application and property marketing tool, partnered with Transunion to instantly return complete credit reports and nationwide eviction notices. Renters pay the $40 application fee, which covers your costs.

For more information, simply create your free account or go to sfaa.org and choose the “Resources” tab. Then select “Tenant Screening.”

Please note that the maximum you can charge a tenant for screening services is $49.12.

CONTACT INTELLIRENT FOR MORE INFORMATION:

415-849-4400

SAN FRANCISCO’S

CAPITAL IMPROVEMENTS

The

interest rates for 3/1/23 through 2/29/24 are listed below:

ALLOWABLE RENT INCREASES 2024 - 2025: 1.7%

Effective March 1, 2024 through February 28, 2025, the allowable annual rent increase is 1.7%. This amount is based on 60% of the increase in the Consumer Price Index for all urban consumers in the Bay Area. A history of all allowable increases and their effective periods is provided.

INTEREST ON DEPOSITS

ALLOWABLE RE INTERE ONDEPOSITS

Deposits include all tenant monies that the owner holds, regardless of what they are called. At the landlord’s option, the payment may be made directly to the tenant or by allowing the tenant to deduct the amount of interest due from the rental payment.

RENT BOARD FEE $29.50

SAN FRANCISCO RENT BOARD

25 Van Ness Avenue #320 San Francisco, CA 94102 415-252-4600

www.sfgov.org/rentboard

03/01/24 -

- 02/28/22

- 02/28/21

- 02/29/20

- 02/28/19

- 02/28/18

03/01/16 - 02/28/17

03/01/15 - 02/29/16

03/01/14 - 02/28/15 0.3%

03/01/13 - 02/28/14 0.4%

03/01/12 - 02/28/13 0.4%

03/01/11 - 02/29/12 0.4%

03/01/10 - 02/28/11 0.9%

03/01/09 - 02/28/10 3.1%

03/01/08 - 02/28/09 5.2%

03/01/07 - 02/29/08 5.2%

Chapter 37A of San Francisco’s Administrative Code allows the city to collect a per-unit fee for each residential dwelling unit that is subject to the San Francisco Rent Ordinance. This fee defrays the entire cost of operation of the Rent Board. If you are an owner of a residential dwelling unit or guest unit, you must pay a Rent Board Fee by March 1 of each year unless you have a current exemption on file with the Rent Board or a Homeowners’ Exemption on file with the Office of the Assessor-Recorder.

While this fee was previously collected on the property tax bill, owners must pay this fee to the Rent Board directly as of 2022. Payment can be made through the Rent Board Portal.

2010-2011

2009-2010

SFAA Professional Services Directory

FRIED, WILLIAMS & GRICE CONNOR

www.friedwilliams.com

FIRST AMERICAN EXCHANGE COMPANY

Lisa Jackson 415-244-1339

SEQUENT

sequent-rewm.com

SHWIFF, LEVY & POLO LLP www.slpconsults.com

AEC ALARMS

Yat-Cheong Au 408-298-8888 Ext: 188 sales@aec-alarms.com

OPENSCOPE STUDIO ARCHITECTS

Mark Hogan 415-891-0954 www.openscopestudio.com

Q ARCHITECTURE

Dawn Ma 415-695-2700 www.que-arch.com

PROFESSIONAL PROPERTY MANAGEMENT ASSOCIATION

Renee A. Engelen www.ppmaofsf.org renee@hrhrealestate.com

BARTH CALDERON, LLP

Paul Hitchcock 415-577-4685 Paul@barthattorneys.com

All languages welcome

BORNSTEIN LAW

Daniel Bornstein, Esq. 415-409-7611 www.bornstein.law

CHONG LAW

Dolores Chong 415-437-7807 chongdolores@earthlink.net

DOWLING & MARQUEZ, LLP

Jak S. Marquez 415-977-0444 x232 www.dowlingmarquez.com

Spanish FISHER BOYLES, LLP

Matthew Weiner 415-595-8706

FRANK KIM ESQ., EVICTION ASSISTANCE

Jo Biel 415-752-6070

Spanish, Korean, Cantonese and Mandarin

French, Spanish and Portuguese

HERZIG & BERLESE

Barbara Herzig 415-861-8800 bherzig@hbcondolaw.com

ILENE M. HOCHSTEIN, ATTORNEY AT LAW

Ilene Hochstein 650-877-8288 ilene@hochsteinlaw.net

KIMBALL, TIREY & ST. JOHN LLP

Kelli Dodson 800-525-1690 kelli.dodson@kts-law.com www.kts-law.com

LAW OFFICES OF KOSTER & LEADBETTER, LLP

Denise Leadbetter 415-713-8680 denise@kosterleadbetterlaw.com www.kosterleadbetterlaw.com

LAW OFFICE OF EDWARD KAIGH, PC

Edward Kaigh 917-406-6063 edward@kaighlaw.com

LAW OFFICES OF SCOTT T. OKAMOTO

Scott T. Okamoto 415-766-5871 www.scottokamotolaw.com

LAW OFFICE OF JULIANA E. PISANI

Juliana Pisani 415-800-7562 Juliana@jpisanilaw.com

Italian

LAW OFFICES OF LAWRENCE M. SCANCARELLI

Lawrence M. Scancarelli 415-398-1644 www.sfrealestatelaw.com

MASTROMONACO REAL PROPERTY LAW GROUP

Leonard Mastromonaco 415-354-2702 len@mastrolawgroup.com

NIVEN & SMITH

Leo M. LaRocca 415-981-5451 leo@nivensmith.com

NIXON PEABODY

Ashley Klein 415-984-8390 aklein@kdvlaw.com

REUBEN, JUNIUS & ROSE, LLP

Kevin Rose 415-567-9000 www.reubenlaw.com

SHEPPARD-UZIEL LAW FIRM

Jaime Uziel 415-296-0900 ju@sheppardlaw.com

SINGER, SCOTT & DECKER, P.C. Edward Singer 650-393-5862 www.edsinger.net

STEINER LAW OFFICE

Michael Heath 415-931-4207 mheath@mheathlaw.com

STEVEN ADAIR MACDONALD & ASSOCIATES, PC

Steven Adair MacDonald 415-956-6488 www.samlaw.net sam@samlaw.net

Mandarin, Cantonese & Spanish TRN LAW ASSOCIATES

www.trnlaw.com

WASSERMAN

Dave Wasserman 415-567-9600

www.davewassermansf.com

WIEGEL LAW GROUP

Andrew J. Wiegel 415-552-8230 www.wiegellawgroup.com

ZACKS & FREEDMAN, PC

Andrew M. Zacks 415-956-8100 www.zfplaw.com

ZANGHI TORRES ARSHAWSKY, LLP

John P. Zanghi 415-977-0444 www.zatlaw.com

CROWN & SHIELD PEST

SOLUTIONS-PREMIER

Aurora Garcia-Vidaca 415-893-9551 www.crownandshieldpestsolutions.com

PREMIER CANINE DETECTION

Jordan Garcia 415-612-6645

www.premiercaninedectection.com

BLATTEIS REALTY CO.

David Blatteis 415-981-2844 www.sfretail.net

PODS

Chad Schutt 310-270-5127 cschutt@pods.com

EDRINGTON AND ASSOCIATES

Steven Edrington 510-749-4880 steve@edringtonandassociates.com

C & J’S CUSTOM BUILDS INC.

Caleb Wyman 415-209-8439 caleb@c-jcustombuilds.com www.c-jcustombuilds.com

AMSI

Robb Fleischer 415-447-2020 www.amsires.com

INTELLIRENT

Cassandra Joachim 415-849-4400 www.myintellirent.com

PRIBUSS ENGINEERING, INC.

Selina Pribuss 650-588-0447 selina.p@pribuss.com www.pribuss.com

THE GREENSPAN CO./ ADJUSTERS INTERNATIONAL

Rebecca Holloway 707-540-5584 rebecca@greenspan-ai.com

P.W. STEPHENS ENVIRONMENTAL

Sheri Buenz 510-651-9506 sherib@pwsei.com

BORNE CONSULTING

Cade Osborne 415-319-4789 cade@borne-consulting.com borne-consulting.com/

ESCAPE ARTISTS

Ben Maxon 415-279-6113 www.sfescapeartists.com

GREAT ESCAPE SERVICES

Terry Walsh 415-566-1479 www.greatescapeservice.com

A-TOTAL FIRE PROTECTION COMPANY, INC.

Monte L. Osborn, CEO Tyler Osborn, CFO 530-672-8495

AEC ALARMS

628-208-0188

BATTALION ONE FIRE PROTECTION

Tim Morse 510-653-8075

EMERGENCY SYSTEMS, INC.

Eric Hagerman 415-564-0400

PRIBUSS ENGINEERING, INC.

Selina Pribuss 650-588-0447 selina.p@pribuss.com www.pribuss.com

VALET LIVING

Briana Sellers 813-613-5073 briana.sellers@valetliving.com www.valetliving.com

LUXER ONE

Josh Grosser 415-215-4670 joshg@luxerone.com

INTERSOLTUTIONS, LLC jhong@intersolutions.com

ARM MULTI INSURANCE SERVICES

Lisa Isom 866-913-6293 www.arm-i.com

BARBARY INSURANCE BROKERAGE

Gerald Becerra 415-788-4700 www.barbaryinsurance.com

COMMERCIAL COVERAGE INSURANCE AGENCY

Paul Tradelius 415-436-9800 www.comcov.com

GORDON ASSOCIATES INSURANCE SERVICES

Dave Gordon, CLU 650-654-5555x6972 David.gordon@gordoninsurance.com

USI INSURANCE

Sarmad Naqvi 510-590-0635 sarmad.naqvi@usi.com www.usi.com

THE BAR ASSOCIATION OF SAN FRANCISCO CONFLICT INTERVENTION SERVICE

Scott Goering 415-782-8940 sgoering@sfbar.org

CLUTCH MOVING COMPANY

Steven Mandac 650-425-0353 sales@clutchmovingcompany.com www.clutchmovingcompany.com

PODS

Lee A. Wohlwerth 279-444-9733 lwohl@pods.com

DUNN-EDWARDS CORPORATION

Daniela Franco 415-656-9951 daniela.franco@dunnedwards.com

JH PAINTING LLC

Jesus Hernandez 415-531-7033 dezpainting@gmail.com Kruitpainting, Inc.

PIETER KRUIT 415-254-7818

www.kruitpainting.com

PAC WEST PAINTING INC.

Brian Beaulieu 415-457-0724 www.pacwestpaintinginc.com

PETERS PAINTING SERVICES

Peter Pantazelos 415-647-4722 www.peterspainting.com

TARA PRO PAINTING INC.

Brian Layden 415-822-2011 www.tarapropainting.com

RECOLOGY GOLDEN GATE RECYCLING

Minna Tao 415-575-2423 recologysf.com

RECOLOGY SUNSET SCAVENGER

Dan Negron 415-330-2911 recologysf.com

COMCAST/XFINITY

Michael Juliano 925-495-9922

FIRST FOUNDATION BANK

Michelle Li 415-794-2176

CROWN LOCK & HARDWARE

Joe Schoepp 415-221-9086

GREENTREE MAINTENANCE

Yvonne Figueroa 415-854-9495 Figueroa@veritasinv.com

MAVEN MAINTENANCE, INC.

Craig Lipton 415-829-2207 www.mavenmaintenance.com

ONE STOP MAINTENANCE

John Flaxa 650-296-4947 info@onestopmaintenance.co www.onestopmaintenance.co

WEST COAST PROPERTY MANAGEMENT

Joseph Keng 415-885-6970 ext. 101 www.wcpm.com

ATCO PEST & TERMITE CONTROL & HOME RESTORATION

Richard Estrada 415-898-2282 www.atcopestcontrol.com

BANNER PEST SERVICES

Brad Erekson 650-678-2300 brad@bannerpc.com www.bannerpc.com

CROWN & SHIELD PEST SOLUTIONS-PREMIER

Aurora Garcia-Vidaca 415-893-9551 www.crownandshieldpestsolutions.com

C.R. REICHEL ENGINEERING CO. INC.

Tim Lordier 415-431-7100 www.crreichel.com

PRIBUSS ENGINEERING, INC.

Selina Pribuss 650-588-0447 selina.p@pribuss.com www.pribuss.com

R & L PLUMBING

Larry Bustillos 415- 651-4977 larry@rl.plumbing www.rlplumbingsanfrancisco.com

ROS PLUMBING

Niall 415-505-2180 niall@rosplumbing.com

URGENT ROOTER AND PLUMBING INC.

Albert Lee 415-387-8163 urgentrtr@sbcglobal.net

RHINO PROCESS SERVING INVESTIGATION

Lindon Lilly 833-711-3400 info@lllegalassistance.com www.lllegalassistance.com

MELGAR REAL ESTATE SERVICES

Suzy Melgar 650-745-8186 info@mresbayareahomes.com

2B LIVING

Brooks Baskin 650-763-8552 brooks@twobliving.com www.twobliving.com

ABACUS PROPERTY MANAGEMENT

Timothy Cannon 415-841-2105 tim@sanfranrealestate.com www.abacuspropertymanagement.com

ADVENT PROPERTIES, INC.

Benjamin Scott, CCRM 510-289-1184 www.adventpropertiesinc.com

ALEXANDERSON PROPERTIES

Eric Alexanderson 415-285-3737 alexandersonproperties.com alexanderson08@yahoo.com

AMERICAN CAMPUS COMMUNITIES

Hannah Lawson (415) 413-7845 lroos@hollandpartnergroup.com www.hollandresidential.com

AMORE REAL ESTATE, INC

Jerry Hsieh 415-567-4800 www.amoresf.com

ANCHOR PROPERTIES MANAGEMENT LLC

Anton Qiu 415-722-6452 anton@apcap.us

ANCHOR REALTY

Mark Campana 415-621-2700 mark@anchorealtyinc.com www.anchorealtyinc.com

ARTAL PROPERTIES

John Artal 415-647-4400 artalproperties@gmail.com www.artalproperties.com

AYS MANAGEMENT

Kevin Newsome 510-708-0165 ayspropertymanager@gmail.com

The following members are SFAA roperty Management Members. They fully support the organization and are dedicated to SFAA’s goals. For more information about the bene ts of becoming a roperty Management Member, contact Maria Shea at maria sfaa org or 415-255-2288 x 110.

ADVENT PROPERTIES, INC.

Benjamin Scott, CCRM 510-289-1184 www.adventpropertiesinc.com

AMSI

Robb Fleischer 415-447-2020 www.amsires.com

CECCHINI REALTY CO.

Dante Cecchini, CCRM 415-550-8855 www.cecchinirealty.com

CITYWIDE PROPERTY MANAGEMENT

Carol Cosgrove 415-552-7300 www.citywidesf.com

DEWOLF

William Talmage 415-221-2032 www.dewolfsf.com

GAETANI REAL ESTATE

Paul Gaetani 415-668-1202 www.gaetanirealestate.com

GREENTREE PROPERTY MANAGEMENT 415-828-8757 www.greentreepmco.com

GORDON CLIFFORD PROPERTIES, INC.

patrick@gcpropertiessf.com

HRH REAL ESTATE SERVICES CORPORATION

Renee A. Engelen (415) 810-6020 www.hrhrealestate.com

J. WAVRO PROPERTY MANAGEMENT

James Wavro 415-509-3456 www.jwavro.com

LINGSCH REALTY

Natalie M. Drees 415-648-1516 www.lingschrealty.com

PAUL LANGLEY COMPANY

Misha Langley 415-431-9104 x 301 misha@plco.net

PONTAR REAL ESTATE

Merri Pontar 415-421-2877

www.pontarrealestate.com

PROGRESSIVE PROPERTY GROUP

Dace Dislere & Joe Gillach 415-515-4329

REAL MANAGEMENT COMPANY

J.J. Panzer 415-821-3167

www.RMCsf.com

S&L REALTY

Robert Link 415-386-3111

www.slrealty-sf.com

STRUCTURE PROPERTIES

Corey Eckert 415-794-0064

www.structureproperties.com

SUTRO PROPERTY MANAGEMENT, INC.

Salman Shariat 415-341-8774

www.sutroproperties.com

VERTEX PROPERTY GROUP

Craig Berendt 415-520-2205 vertexsf.com

WEST & PRASZKER REALTORS

www.wprealtors.com

WEST COAST PROPERTY MANAGEMENT

Eric Andresen 415-885-6970

www.wcpm.com

VESTA ASSET MANAGEMENT

paul@vesta-assetmanagement.com

BANCAL PROPERTY MANAGEMENT

Tammy McNaught (415) 397-1044 accountingoperations@bancalsf.com tammy@bancalsf.com

BAY PROPERTY GROUP

Anna Katz 510-836-0110 anna@baypropertygroup.com www.baypropertygroup.com

BAYVIEW PROPERTY MANAGERS

James Blanding 415-822-8793 xt.4 bayview60@comcast.net www.bayviewpropertymanagers.com

BEAM PROPERTIES, INC.

Darius Chan 415-254-8679 darius@sfbeam.com

BETTER PROPERTY MANAGEMENT

Steven Brown 415-861-9980 sbrown@bpm-re.com

BLVD RESIDENTIAL

Debbie Brackett 650-328-5050 dbrackett@blvdresidential.com www.blvdresidential.com

BOARDWALK INVESTMENTS

Marilyn Andrews 650-355-5556 ma@boardwalkrents.com

BRIDGES PROPERTY MANAGEMENT GROUP

Patricia Lee 415-205-7401 pleehomes@gmail.com

BROOKFIELD PROPERTY GROUPPRESIDIO LANDMARK

Jon King 855-327-5376

CANNIZZARO REALTY

John Cannizaro 415-795-2360 john@cannizzaro-realty.com

CANTRELL ASSOCIATES CORPORATION

Jim Cantrell 415-956-6000 jimcha@pacbell.net

CECCHINI REALTY

Dante Cecchini (650) 255-5273 info@cecchinirealty.com

CENTERSTONE PROPERTY MANAGEMENT

Ron Erickson 415-626-9944 rjerickson@sbcglobal.net

CIRRUS ASSET MANAGEMENT

Paolo Pedrazzoli 818-808-3530 ppedrazzoli@Cirrusami.com

CITIBROKERS REAL ESTATE, INC.

Jason Abbey (415) 221-5000 Jason@citibrokersrealestate.com

CITYWIDE PROPERTY MANAGEMENT

Carol Cosgrove 415-552-7300 www.citywidesf.com

COIT TOWER PROPERTIES

Yoshi Yamada 415-447-6834 Yoshicoit@yahoo.com

CONSOLIDATED PROPERTY MANAGEMENT EIC GROUP, INC.

Penny Pan 415-682-0708

CORCORAN ICON PROPERTIES

Dawn Cusulos 415-678-8854 dawn.cusulos@corcoranicon.com

CROSSBAY GROUP INC 408-512-4366

Eclipse Property Management Inc.

Terrence Tom 510-865-8700 x303 ttom@eclipsepm.net

EBALDC

Felicia Scruggs 510-287-5353 FScruggs@ebaldc.org

FOGCITI REAL ESTATE INC. PROPERTY MANAGEMENT

Paul Mora 415-674-1440 pmora@fogciti.com

FOUNDATION RENTALS & RELOCATION, INC.

Christopher Barrow 415-507-9600 cb@foundationhomes.com

GAETANI REAL ESTATE

Paul Gaetani 415-668-1202 www.gaetanirealestate.com

GEARY REAL ESTATE, INC.

Melissa Geary melissa@gearyrealestateinc.com

GEORGE GOODWIN REALTY, INC.

Chris Galassi 415-681-1265 www.goodwin-realty.com

GOLDEN GATE PROPERTIES

Ferdinand Piano 415-498-0066 ferdinand@g2properties.com

GREENTREE PROPERTY MANAGEMENT

Scott Moore 415-828-8757 www.greentreepmco.com

GM GREEN REAL ESTATE INC.

George Green 415-608-6485 ggreen@gmgreen.com www.gmgreen.com

GORDON CLIFFORD PROPERTIES, INC.

patrick@gcpropertiessf.com

HOGAN & VEST INC.

Simon Wong 415-421-7116 hoganvest.com

HRH REAL ESTATE SERVICES CORPORATION

Renee A. Engelen 415-810-6020 www.hrhrealestate.com

INCOME PROPERTY SPECIALISTS

Clayton Llewellyn 408-446-0848 www.ipsmanagement.cc

JACKSON GROUP PROPERTY MANGEMENT, INC.

Raymond Scarabosio 415-608-8300 ray@jacksongroup.net

JAMES D. MULLIN REAL ESTATE BROKER

James D. Mullin 415-470-0450 jamesdmullinre@gmail.com

JD MANAGEMENT GROUP, INC.

Jonathan Davis 510-387-7792 jonathan.davis@jdmginc.com

KEYOPP PROPERTY MANAGEMENT

Melanie Leung 628-888-6650 support@keyopp.net

KREMSDORF PROPERTIES

LEADING PROPERTIES

Patrick Boushell 415-346-8600 x102 pboushell@leading-sf.com

LINGSCH REALTY

Natalie M. Drees 415-648-1516 www.lingschrealty.com

LUCAS & COMPANY

Susan Lucas 415-722-4724 susan@thelucascompany.com

M PROPERTIES

Mark Mangampat mark@mproperties.com

MAG MANAGEMENT

Lana August lanaml@gaehwiler.com

MARSHALL & CO. PROPERTY MANAGEMENT

Marshall Jainchill marshall@marshallproperty.com

MCKEEVER REALTY

Chuck Lewkowitz chucklewkowitz@gmail.com

MERIDIAN MANAGEMENT GROUP

Randall Chapman 415-434-9700 www.mmgprop.com

MILLENNIUM FLATS

Carlos Carbajal 415-420-6290

MORLEY FREDERICKS

REAL ESTATE SERVICES

Steve Morley 415-722-4724 susan@thelucascompany.com

MOSSER COMPANY

Neveo Mosser 415-284-9000 nmosser@mosserco.com

NICE VENTURES INC

Laurie Thomas laurie@niceventures.com

NORTHPOINT APARTMENTS

Taylor Ownes-Kees 415-989-2007 towenskees@northpointsf.com www.thenorthpointapartments.com

ONERENT DBA POPLAR HOMES

Nicole Cheatham 408-381-3157 nicole@popularhomes.com

OPEN WORLD PROPERTIES

Jonathan Daryl Fleming 510-250-0946 jonathan@openworldproperties.com www.Openworldproperties.Com

ORVICK MANAGEMENT GROUP

David Orvick 408-497-1880 david@orvprop.com

PACIFIC REALTY

Kristine Delagnes 415-923-1100

PAUL LANGLEY COMPANY

Misha Langley 415-431-9104 x 301 misha@plco.net

PEAK REALTY GROUP

James C. Keighran 415-474-7325 info@peakrealtygroup.com www.peakrealtygroup.com

PILLAR CAPITAL REAL ESTATE

Jonathan Ng 415-885-9584 jonathan@thepillarcapital.com

PIP INC./SFRENT

Sarosh Kumana 415-861-4554 sarosh@sfrent.net

www.sfrent.net

PMREI

Paul McLean 415-999-1407 pmrei@outlook.com

PODESTO PROPERTIES

Gina Enriquez 415-794-7125 gandpofsf@aol.com

PONTAR REAL ESTATE

Merri Pontar 415-421-2877 www.pontarrealestate.com

THE PRADO GROUP, INC.

Andrea Hayes 415-395-0880 frontdesk@pradogroup.com

PRIME METROPOLIS PROPERTIES, INC.

Tom Chan 415-731-0303 tomchan@pmp1988.com

PRO EQUITY AM

Tori Linnell 916-838-2804 vlinnell@proequityam.com

PROGRESSIVE PROPERTY GROUP

Dace Dislere 415-794-9727

www.progressivesf.com

RAJ PROPERTIES

Jennifer Mayo 559-587-1318

www.rajproperties.com

RALSTON MANAGEMENT GROUP

Keith Jurcazak 650-303-3182 kj@ralstonmanagementgroup.com

www.ralstonmanagementgroup.com

RAMSEY PROPERTIES

Brian E. Ramsey 415-474-5175

Brian@RamseyPropertiesSF.com

REAL MANAGEMENT COMPANY

J.J. Panzer 415-821-3167 www.RMCsf.com

RENTWISE PROPERTY MANAGEMENT

Brandon Temple 650-346-2006 Brandon@gorentwise.com

ROCKAWAY RESIDENTIAL MANAGEMENT

Kristine Abbey 650-290-3084 kristine@rockawayresidential.com rockawayresidential.com

ROCKWELL PROPERTIES

Mark Kaplan 415-398-2400 propertymanagement@rockwellproperties.com

RNB PROPERTY MANAGEMENTGOLDEN GATE

Kaveh Gorgani 415-413-3827 kaveh@rnbemail.com www.rnbgoldengate.com

RPM MANAGEMENT GROUP

Dipak Patel 415-672-1203 dipak@rpmmg.com

RYEBREAD PROPERTIES, INC.

Ryan Siu 415-385-8891 ryan@ryebreadproperties.com www.ryebreadproperties.com

SALMA & COMPANY

Ryan Salma 415-931-8259 propertymanager@salma-co.com www.salma-co.com

SHAREVEST PROPERTY MANAGEMENT, LLC

Timothy D. Gilmartin 650-347-2020 tim@thegilmartins.com

SIGNATURE REALTY PROPERTY MANAGEMENT

Paul Montalvo 650-364-3167 paul@paulmontalvo.com

SIERRA PROPERTY PROFESSIONALS

Sonali Herrera sierrappinc@gmail.com

SILVER CREEK PROPERTY MANAGEMENT

Jonathan Arguello 925-600-1818 jmsilvercreek@sbcglobal.net www.teamsilvercreek.com

SKYLINE PMG, INC.

Nicholas Bowers 415-968-9903 Nicholas@skylinepmg.com

STRUCTURE PROPERTIES

Corey Eckert 415-794-0064 www.structureproperties.com

SUTRO PROPERTY MANAGEMENT, INC.

Salman Shariat 415-341-8774 www.SutroProperties.com

TAPESTRY PROPERTIES

Roger Fong 415-334-6120 tapproperties2010@gmail.com

TOWER RENTS

Anthony Harkins 415-377-7571 tony@towerrents.com

UNITY HOMES

Sherry Brown (520) 338-7731 sbrown@unityhomes.org

VERTEX PROPERTY GROUP

Craig Berendt 415-520-2205 csb@vertexsf.com www.vertexsf.com

VESTA ASSET MANAGEMENT

paul@vesta-assetmanagement.com

VIVE REAL ESTATE

Mharla Ortega 415-495-4739 x1010 mharla@letsvive.com www.letsvive.com

WEST COAST PROPERTY MANAGEMENT

Eric Andresen 415-885-6970 www.wcpm.com

WEST & PRASZKER REALTORS www.wprealtors.com

WICKLOW MANAGEMENT

Mike O’Neill 415-928-7377 wicklowmanagement@gmail.com www.wicklowsf.com

WILLIAM BOGGS

William Boggs 415-269-0689 sfboggsz@yahoo.com

YMPG

Yelena Gelzer 415-260-6325 yglezer@ympg-management.com

DOOR LOOP

Maria Barbera 888-607-3667 mbarbera@doorlopp.com

RENT RAISERS

www.propertymanagementsystems.net

YARDI

Kelly Krier 805-699-2040 kelly.krier@yardi.com

MARK WATTS COMMERCIAL APPRAISAL

Mark Watts 415-990-0025 www.markwattscommercialappraisal.com

ARTHUR KRAMER, JR.

Arthur Kramer, Jr. 415-290-7080 artiekramer@gmail.com

BERKSHIRE HATHAWAY FRANCISCAN PROPERTIES

Edward Milestone 415-994-5969 MilestoneRealEstateSF@gmail.com

BRICK & MORTAR REAL ESTATE SERVICES

Eyal Katz 415-990-6762 eyal@brickandmortarsf.com

CHUCK & ASSOCIATES

Kevin Chuck 415-595-5832 chuckassoc@gmail.com

COLDWELL BANKER COMMERCIAL NRT

Steven Caravelli 415-229-1367 steven.caravelli@cbnorcal.com

COLLIERS

Medhi Star 858-243-3954 mehdi.star@colliers.com nlx.colliers.com

COLLIERS INTERNATIONAL- JAMES DEVINCENTI

James Devincenti 415-288-7848 www.THEDLTEAM.com

COLLIERS INTERNATIONAL

Payam Nejad 415-288-7872 www.colliers.com/payam.nejad

COMPASS

Tim Johnson 415-710-9000 tim.johnson@compass.com www.timjohnsonsf.com

COMPASS

Allison Chapleau 415-516-0648 allison@allisonchapleau.com www.allisonchapleau.com

COMPASS COMMERCIAL BROKERAGE

John Antonini 415-794-9510 john@antoninisf.com

COMPASS COMMERCIAL BROKERAGE

Chris J. Connor chris.oconnor@compass.com

COMPASS COMMERCIAL BROKERAGE

Adam Filly 415-516-9843

COMPASS COMMERCIAL BROKERAGE

FERRIGNO REAL ESTATE

Chris Ferrigno 415-641-0661 www.ferrignorealestate.com

HRH REAL ESTATE SERVICES CORPORATION

Renee A. Engelen 415-810-6020 www.hrhrealestate.com

ICON REAL ESTATE INC.

Jason Quashnofsky 415-370-7077 jason@iconsf.com

JEREMY WILLIAMS REAL ESTATE SALES Jeremy Williams 415-932-9846 jeremy@jeremywilliams.com

KENNEY & EVEREST REAL ESTATE, INC. Everest Mwamba 415-902-3411 maureen@kenneyrealestate.com

KILBY STENKAMP-VANGUARD PROPERTIES Kilby Stenkamp 415-370-7582

LISA ANNE ECKERT

Lisa Anne Eckert 650-759-6726 eckertlisa205@gmail.com

MARCUS & MILLICHAP

Sanford Skeie 415-625-2153 www.marcusmillichap.com

MAVEN PROPERTIES

Matthew Sheridan matt@mavenproperties.com

NHB REAL ESTATE INC.

Tanya Dzhibrailova 415-531-6779 tanya@nhbrealestate.com www.nbhrealestate.com

PRIME METROPOLIS PROPERTIES, INC.

Tom Chan 415-731-0303 tomchan@pmp1988.com

RESIDE

Hilary Hedemark 617-416-4104 mlsinfo@sideinc.com

SF BAY RENTAL COMPANY

Leslie Burnley 415-717-8709 leslie.j.burnley@gmail.com leslieburnley.com S&L Realty

S&L REALTY

Robert Link 415-386-3111 www.slrealty-sf.com

STEELE PROPERTIES

Ryan Steele 415-881-7762 ryan@steeleproperties.com www.steeleproperties.com

TERRENCE CHAN

Terrence Chan 415-317-7011 tchanhomes@gmail.com

WEST & PRASZKER REALTORS

VANGUARD PROPERTIES

Dimitris Drolapas 415-531-9659 dd@dimitrisdrolapas.com

CITY REAL ESTATE

Arthur Tom 415-987-6788 art@cityrealestatesf.com cityrealestatesf.com

APPFOLIO

Mindy Sorenson 888-700-8299 mindy.sorenson@appfolio,com

Jay Greenberg 415-378-6755 jay@jayhgreenberg.com

COMPASS COMMERCIAL

Mirella Webb 415-640-4133 mirella.webb@compass.com

KENNEY & EVEREST REAL ESTATE, INC. Everest Mwamba 415-902-3411 maureen@kenneyrealestate.com

Landlord & Leasing Agent, A Winning Combo.

Having over 25 rental units of her own, Jackie brings first-hand experience as a landlord to all of our Rentals In S.F. clients.

Every day, our team endeavors to find qualified tenants for our clients. With an expert understanding of the ever changing San Francisco rental market, we have made it our priority to fill your vacant unit quickly, effortlessly, at market rent and with your ideal tenant!

With just one phone call, Jackie will come over to access your needs, appraise your unit, and do all the marketing, prospecting and screening. We then present you with a qualified tenant ready to move in.

Call Jackie at Rentals In S.F. to fill your vacancy. It will be one of the best calls you’ll ever make. Just ask all our clients!

Former SFAA winner

* Leasing Agent of the Year

* Landlord of the Year

sfaa a2024

STEPHEN PUGH 415-497-8307

steve@pacwestcre.com

MIRACLE METHOD OF SAN FRANCISCO NORTH

Jaime Munoz415-673-4211

MiracleMethodSFO@gmail.com

www.miraclemethod.com/San-Francisco

RENT RAISERS

michelle@propertymanagementsystems.net

REAL MANAGEMENT COMPANY

Melinda Greene415-230-8895 www.RMCsf.com

RENT BOARD PASSTHROUGHS

Kim Boyd Bermingham415-333-8005 www.rentboardpass.com

HRH REAL ESTATE SERVICES CORPORATION

Renee A. Engelen415-810-6020 www.hrhrealestate.com

REALPAGE

Stacey Blackwell972-820-3015 stacey.blackwell@realpage.com www.realpage.com

CORCORAN ICON PROPERTIES

Dawn Cusulos415-678-8854

GORDON CLIFFORD PROPERTIES, INC.

patrick@gcpropertiessf.com

HRH REAL ESTATE SERVICES CORPORATION

Renee A. Engelen415-810-6020 www.hrhrealestate.com

J. WAVRO ASSOCIATES

James Wavro415-509-3456 www.jwavro.com

KENNEY AND EVEREST REAL ESTATE, INC. Maureen Kenney415-929-0717 maureen@kenneyrealestate.com

LINGSCH REALTY

Natalie M. Drees415-648-1516 www.lingschrealty.com

RELISTO

Eric Baird415-236-6116 x101 www.relisto.com eric@relisto.com

RENTALS IN S.F.

San

Jackie Tom415-409-3263 www.rentalsinsf.com

RENTSFNOW

Stephanie Versin sversin@veritasinv.com www.rentsfnow.com

STRUCTURE PROPERTIES

Corey Eckert415-794-0064 www.structureproperties.com

VERTEX PROPERTY GROUP

Craig Berendt415-520-2205 csb@vertexsf.com www.vertexsf.com

KASTLE SYSTEMS

Michael Madisan415-828-2157 mike.madisan@kastle.com

SWIFTLANE

Jennifer Torres949-327-1110 jtorres@swiftlane.com www.swiftlane.com

THE GUARANTORS

Alexandra Nazaire212-266-0020 alexandra.nazaire@theguarantors.com www.theguarantors.com

BAI CONSTRUCTION

Behnam Afshar510-595-1994 x101 www.baiconstruction.com

WEST COAST PREMIER CONSTRUCTION, INC. Homy Sikaroudi, PhD, PE510-271-0950 www.wcpc-inc.com

BG MULTI-FAMILY

Shannon Valentino714-654-9498 svalentino@bgmultifamily.com

AMERICAN CAMPUS COMMUNITIES

Hannah Lawson415-310-2388 hlawson@americancampus.com

LIVABLE

Daniel Sharabi415-937-7283 www.livable.com

STRUCTURE PROPERTIES

Corey Eckert415-794-0064 www.structureproperties.com

SF PUBLIC UTILITIES COMMISSION

Chandra Johnson415-554-0704 www.conserve.sfwater.org

DRYFAST PROPERTY RESTORATION LLC

Ivan Angelov415-861-8003 info@dryfast.net https://www.dryfast.net/

FARAGON RESTORATION LTD

Christian Munk415-648-6418 ops@faragonrestoration.com www.faragonrestoration.com

FIRE AND WATER DAMAGE RECOVERY

Maria Neumann800-886-1801 www.waterdamagerecovery.net

IDEAL RESTORATION

Joseph Dito415-656-9951 joe@idealsf.com www.idealsf.com

ad

AEC Alarms15

Openscope Studio58

Q-Architecture39

Fried, Williams & Grice Conner LL 58 Koster & Leadbetter, LL 39 Zacks & Freedman, C33

Cal State Roofing, Inc.32 ribuss Engineering, Inc.57

Great Escape Fire Escape57

A-Total Fire rotection40

Knox41

WASH41

Crown Lock & Safe40 Warman Security57

Colores ainting61

ac West ainting32 eter’s ainting Services56

Rent Board assthroughs52

RESTORATION MANAGEMENT, CO. Eric Shelton510-815-0954 eric.shelton@rmc.com www.rmc.com

Please note that acceptance of associate membership does not necessarily constitute any endorsement or recommendation, express or implied, of the associate member or any

Gaetani Real Estate, Inc.64

Maven Maintenance23

Real Management Company35

Rentals in SF49

Structure roperties25

Vertex roperties6

West Coast roperty Management33

Yardi Breeze19

Amore Real Estate56

Coldwell Banker Commercial / McGue13

Colliers / Devincenti2

Colliers / Star & Bakhtvar35

Compass / Antonini63

Compass / Bonn & Webb17

Compass / Filly11

Compass / Greenberg3

Marcus & Millichap26-27

Maven Multifamily31

Vanguard Commercial / Chapleau 9

Vanguard roperties / Stack50

Prevent Fires.

Tape and Bag Lithium Batteries

What should you do with old lithium batteries? A big part of the answer is clear tape. Old lithium batteries may no longer have the power to run devices, but they can still release energy though their contact points. Lithium bat

trucks and recycling facilities, and harm workers.

Place clear tape over the contact points of used lithium batteries.

Put taped lithium batteries in a clear plastic bag, and seal it shut.

collect the bag, sort the batteries, and safely ship them to companies that specialize in battery recycling.

for counseling services between the hours of 10:00 a.m. and 5:00 p.m. Because SFAA’s sta is currently on a hybrid inperson/work-from-home schedule, please call the SFAA o ce to con rm your lease order and make an appointment for counseling whenever possible.

All SFAA sta members are available to assist you every day of the week. Rental forms can be accessed online at sfaa org. The best way to have your questions answered is by calling the o ce at 415255-2288 and, if needed, selecting a sta member’s extension. Questions can also be submitted via email to MemberQuestions sfaa org

And just a friendly reminder: timely payment of membership dues is the best way to help the association help you.

NERT

extra extra READ ALL ABOUT IT

In San Francisco, managing and owning rental property can be a tough business. Keep your manager up to date with the latest news, legislation, trends and analysis of the industry. SFAA members can now send their managers or friends SF Apartment Magazine for only $84 a year.

Subscriptions must be registered and billed to an SFAA member.

Sign up today!

Online: sfaa.org/membership

Phone: 415-255-2288

NEIGHBORHOOD EMERGENCY RESPONSE TEAM (NERT)

Get prepared and be involved. NERT is a communitybased training program that takes a neighbor-helping-neighbor approach, creating lifelines between families, neighbors, and San Francisco’s emergency responders.

NERT is a free training program for individuals, neighborhood groups, and community-based organizations in San Francisco. Individuals learn the basics of personal preparedness and prevention. Participants learn hands-on disaster skills that will help them as members of an emergency response team and/or as a leader directing untrained volunteers during an emergency, allowing them to act independently or as an adjunct to City emergency services.

Enrollment is easy! Want to host a NERT training in your San Francisco building or neighborhood? Classes will be scheduled based on program need and location. To request a class, you must have thirty sign-ups and an ADA compliant space able to accommodate at least eighty people.

Neighborhood Emergency Response Team (NERT) (415) 970-2022

SFFDNERT@sfgov.org

NERT Class Sign-Up Hotline (415) 970-2024

Lithium - Ion - Ion Battery Safety

Lithium-ion batteries supply power to many kinds of devices including smart phones, laptops, e-scooters and e-bikes, e-cigarettes, smoke alarms, toys, and even cars. If not used correctly, or if damaged, these batteries can catch on fire or explode.

The problem

• These batteries store a large amount of energy in a small amount of space.

• Sometimes batteries are not used the right way; batteries not designed for a specific use can be dangerous.

• Like any product, a small number of these batteries are defective. They can overheat, catch fire, or explode.

Safety Tips

• Purchase and use devices that are listed by a qualified testing laboratory.

• Always follow the manufacturer’s instructions.

• Only use the battery that is designed for the device.

• Put batteries in the device the right way.

• Only use the charging cord that came with the device.

• Do not charge a device under your pillow, on your bed, or on a couch.

• Do not keep charging the device or device battery after it is fully charged.

• Keep batteries at room temperature when possible. Do not charge them at temperatures below 32°F (0°C) or above 105°F (40°C).

• Store batteries away from anything that can catch fire.

Signs of a Problem

Stop using the battery if you notice these problems: odor, change in color, too much heat, change in shape, leaking, or odd noises. If it is safe to do so, move the device away from anything that can catch fire. Call 9-1-1.

Battery Disposal

Do not put lithium-ion batteries in the trash.

Recycling is always the best option. Take them to a battery recycling location or contact your community for disposal instructions.

Do not put discarded batteries in piles.

Charging an E-bike

Charge your battery in a flat, dry area away from children, direct sunlight, liquids, tripping hazards, and in a location where the e-bike is not at risk of falling.

Safety E-Bike and E-Scooter and E-Scooter

The popularity of electric bikes and electric scooters (e-bikes and e-scooters) has taken off over the past few years. Lithium-ion batteries are usually the source of power for both, and if not used correctly, or if damaged, those batteries can catch on fire or explode. Whether you use e-bikes or e-scooters as your main way of getting around, or just for fun, there are important safety tips to keep in mind when charging or storing these devices.

The Problem

• Damaged or defective batteries can overheat, catch fire, or explode.

• Lithium-ion battery fires give off toxic gases and they burn extremely hot.

Safety Tips

• Only purchase and use devices, batteries, and charging equipment that are listed by a nationally recognized testing lab and labeled accordingly.

• Always follow the instructions from the manufacturer.

• Only use the battery and the charger that were designed for, and came with, the device.

• Do not keep charging the device or device battery after it is fully charged.

• Only charge one device or device battery at a time to prevent overloading the circuit.

• Keep batteries at room temperature when possible. Do not charge them at temperatures below 32°F (0°C) or above 105°F (40°C).

• Do not store batteries in direct sunlight or inside hot vehicles, and keep them away from children and liquids.

• Store e-bikes, e-scooters, and batteries away from exit doors and anything that can get hot or catch fire.

• Only have device repairs performed by a qualified professional.

• Do not put lithium-ion batteries in the trash. Recycling is always the best option. Take the batteries to a battery recycling location or contact your local waste department for disposal instructions.

Signs of a Problem

Stop using the e-bike or e-scooter if you notice any of these problems with the battery: unusual odor, change in color, too much heat, change in shape, leaking, smoking, or not keeping a charge.

Q. What are the notices that an owner constructing an ADU may

A. Each year, our O ce is required by the State to value all in-progress new construction. At the beginning of the year, our o ce mails a letter, “Residential Construction roject Information Form, to property owners who have started new construction. Through this form, property owners inform our O ce of the status of their project.

During the summer, you will receive a Notice of Assessed Value, the annual letter we mail informing you of your property’s assessed value.

In the ADU example referenced above, where the property is under construction for multiple years, an owner will receive a Notice of Assessed Value (NAV) that includes a temporary value while the project is in progress. The owner will continue to receive a NAV with a temporary value in each successive year until the construction is completed.

After your project is complete as of the January 1 lien date, our o ce will reappraise the entire portion of the property that is newly constructed to determine the property’s new base year value. Our o ce will send a Notice of Supplemental Assessment. The Supplemental Notice re ects the updated value of the new construction project, including the previous assessed value, the new construction supplemental assessment, and your property’s new base year value.

You have a right to appeal the assessment. If the assessment looks fair and accurate, and no appeal is led, the new assessed value is submitted to the O ce of the Treasurer & Tax Collector, who is responsible for mailing and collecting property tax bills.

It can take time for our o ce to analyze the market data to determine the fair

market value added by the construction and update your assessed value. However, please note that the updated value will ultimately be processed, and it may be prudent to set aside funds to pay any “catch-up property taxes owed.

Lastly, there are other City departments and external partners you will need to work with throughout the construction process for ADUs, including the San Francisco Department of Building Inspection, the San Francisco lanning Department, the San Francisco ublic Utilities Commission, and G&E.

Contact Us

We look forward to meeting you in the community, delivering our vital services, and continuing our work of fairly and accurately enrolling the value that ensures our City can invest in those services that allow San Francisco to thrive.

lease don’t hesitate to visit us in person at City Hall, call us at 415-554-5596 or via 3-1-1, or email us at assessor sfgov org

OpenScope Studio

1776 18th Street

San Francisco, CA 94107

openscopestudio.com

info openscopestudio.com (415) 891-0954

• Multi-family specialists

• Value add remodels

• Accessory Dwelling Units

• Physical needs assessments

• Pre-purchase consultations

• Feasibility and capacity studies

• Interior / Exterior renovations

• Urban infill

• Mixed-use

• Review Services

sfaa sfa2024

SFAA LANDLORD EXPO

Wednesday, March 27, 2024

Fort Mason Center, Gallery 308

SFAA VIRTUAL LEGAL PANEL

Wednesday, April 17, 2024

public foreclosure auction held across the street from City Hall. It was reported that sixty-two apartment buildings consisting of 1,743 units were sold for $386.25 million, and a second portfolio, consisting of fourteen buildings with 422 units, sold for $77.25 million. According to Ben Brown, Brook eld’s head of real estate for the Americas, their acquisition of the Veritas portfolios represents a vote of con dence in San Francisco.

“While some have counted the city out, we have been investing for a long time and have seen San Francisco emerge from every down cycle stronger than before, Brown said, adding that the acquisition was “a unique opportunity to own one of the only multifamily portfolios of scale in San Francisco o ered in the last decade.

Another loan portfolio will soon be for sale on twelve buildings consisting of 459 residential units and thirteen commercial units. Most buildings in this portfolio are in the Downtown and Tenderloin districts, among the hardest hit areas of San Francisco. While most of the residential neighborhoods in the city have recovered from the pandemic fallout, the downtown sector is still experiencing high vacancies and rental rates well below pre-pandemic levels. I expect there will be additional loan and building portfolios o ered for sale this coming year.

There is a disparity between the current portfolio sales and individual sales. The portfolio sales primarily involve institutional groups and investors. In contrast, most individual sales in 2023 were made by local mom-and-pop investors acquiring smaller properties valued at $3.5 million and below. Notably, the lower the price point, the more extensive the buyer pool. Consequently, as the price escalates, the buyer pool diminishes. A prime example is the recent foreclosure auction highlighted earlier: Ballast and Brookeld were the sole bidders present at the foreclosure auction where they acquired seventy-six buildings.

As we head into the new year, the rental market remains steady. Well-priced rentals are lled within a couple weeks, with a bias toward renovated units. Unrenovated units will generally rent for $400 to $500 less than renovated units with granite or newer counters, new cabinets, stainless steel appliances, tile oors (kitchen and bathrooms) with new vanities, mirrors, and light xtures. The delta increases to approximately $750, plus or minus for newer renovations, that include in-unit washer and dryers. However, the cost to renovate units has tripled in the past ve years, and it is di cult to complete a quality renovation today for less than six gures.

I regularly disseminate emails addressing new o erings and legislative/political issues a ecting property owners. If you wish to receive my future emails, kindly send me a message at ay ayhgreenberg com, and I will ensure you are added to my mailing list. Feel free to let me know if you need further assistance!

2024 Winter CCRM Webinar Series Schedule & Registra on

Loca on Zoom Webinar System

Upon registra on the Zoom link will be emailed to the student Class is every Tuesday

A endee Informa on:

To Register

Online: www.sfaa.org

Call: 415-255-2288 x.110

Email: maria@sfaa.org

Name: o Member o Non Member

Local Association ID Number:

Payment Information: o Credit Card o Mailing Check o Series Invoicing (members only benefit)

Credit card number: Exp. Date

Signature: Name printed:

Cancellation Policy: Cancellations must be made 72 hours in advance for a refund SFAA does not provide refunds for No-Shows. Non-members must pay by credit card only!!!

*Students requesting CalBRE Continuing Education Credits must show picture ID, immediately before admittance to the live offering.

CCRM Certification Renewal Policy: In order to keep the certification active, CCRMs must complete twelve hours of continuing education credits & submit a renewal application along with a renewal fee every other year (2 hours of these credits must be in Fair Housing)

LOTS OF PEOPLE WOULD JUMP AT THE OPPORTUNITY TO MANAGE THIS APARTMENT BUILDING

When good opportunities arise, a lot of people will say and do anything to win the deal. But can they deliver on those promises? Gaetani has been delivering for Bay Area property owners for three generations.

like your real estate investments shouldn’t require a leap of faith – call the professionals at Gaetani.