SF APARTMENT magazine
MANY HAPPY
RETURNS
AN INFLUX BEGINS AS THE CITY RECOVERS
San Francisco Apartment Association April 2021 / $7.00
“The Top Selling Apartment Brokerage Team in San Francisco with over $4.352 Billion in Sales Totaling 750 Apartment and/or Commercial Buildings and over 14,785 Units”
FO
R
SA
LE FO
1677 Bush St ~ List Price: 7,425,000 21 Units - (Lower Pacific Heights)
FO
R
SA
FO
R
LE
1535 48th Ave ~ List Price: $5,100,000 15 Units - (Outer Sunset)
LE FO
828 Taylor St ~ List Price: $4,080,000 10 Units - (Downtown)
SA
R
SA
R
SA
LE
3548 Pierce St ~ List Price: $4,000,000 6 Units - (Marina)
LE FO
301 Lyon St ~ List Price: $3,400,000 12 Units - (North Panhandle)
R
SA
LE
114-124 Noe St ~ List Price: $3,400,000 6 Units - (Duboce Triangle)
For More Information, Please Contact:
JAMES DEVINCENTI
BRAD LAGOMARSINO
Executive Vice President/Multifamily Investments
COLLIERS INTERNATIONAL 101 Second Street, 11th Floor San Francisco, CA 94105
Executive Vice President/Multifamily Investments
Visit Us at: www.THEDLTEAM.com
lic. 01058500
415 288 7848 j.d@colliers.com lic. 00951916
415 288 7847 brad.lago@colliers.com
JAY GREENBERG | TRIGG SPLENDA As established and recognized leaders in the San Francisco Apartment Sales Market,
WE ARE HERE FOR YOU. OR
SA
LE
21 Units | Mission Dolores
OR
T AC TR IN
7 Units | Pacific Heights Well Maintained, Strong In-Place Income Light Filled & Detached on Four Sides
SA
LE
F
4 Units | Sunset District $1,825,000
$10,650,000
N CO
LE
F
F
IN
SA
OR
N CO
3 Units | Mission District 3 2-Bdrm Flats w/Sunny Back Yard $1,350,000
T AC R T IN
3 Units | Cole Valley 4752 Sq. Ft. 3 of 4 Levels Vacant
$2,300,000. $484 Sq. Ft.
N CO
T AC R T
2 Units | Richmond District Large Vacant Flats Not Subject to Local Rent Control. Built in 1983
Despite all the obstacles that have arisen during these unprecedented times, we are still getting the job done. Experience & expertise are priceless commodities when obtaining representation for the sale of your real estate asset(s). If selling is on the horizon, do not miss the opportunity to consult with us. JAY GREENBERG
•
COMPASS
W 122°25'57 "
JAY@JAYHGREENBERG.COM LICENSE: 01049568
RCIAL
"N
415.378.6755
MME
37°47'4 9 SF
SENIOR DIRECTOR COMPASS COMMERCIAL
CO
Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527235. All materials presented herein is intended for informational Purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any descriptions. This is not intended to solicit property already listed.
TRIGG SPLENDA SENIOR SALES ASSOCIATE COMPASS COMMERCIAL
415.308.6560 TRIGG@TRIGGSPLENDA.COM LICENSE: 01484698
SF APA magazine
SF APARTMENT
contents
Features
22
Shack to the Future BY PAM MCELROY
28
Pride of Place BY KATHERINE TOM WITH PAM MCELROY
36
Food for Thought BY PAM MCELROY
22 4
APRIL 2021 | SF APARTMENT MAGAZINE
PARTM Columns
Membership
8
44
Welcomed Waivers
Uncivil Civics
The News
12
Trend Alert
Surreal Estate
BY JUSTIN A. GOODMAN
48
Hitting Home
Sacramento Report
BY JEREMY WILLIAMS
Rent Relief Debrief
16
BY DEBRA CARLTON
54
Calendar
56
Professional Services Directory
60
Membership Application
Legal Q&A By the Back Door BY VARIOUS AUTHORS
28
SF APARTMENT MAGAZINE | APRIL 2021
5
ANYONE CAN MANAGE YOUR PROPERTY. WE’D RATHER PROTECT YOUR INVESTMENT. Berendt Properties is a team of experts—in leasing, maintenance, and city property regulations. So when you choose us, you get people who understand the priority: your bottom line. BERENDT PROPERTIES
Leasing
Management
Project Management
2209 Lombard Street, San Francisco, CA 94123
6
APRIL 2021 | SF APARTMENT MAGAZINE
415.608.3050
berendtproperties.com
magazine
SF APARTMENT
San Francisco Apartment Association Office 265 Ivy Street San Francisco, CA 94102 Tel 415-255-2288 Fax 415-255-1112 Email sfaa@sfaa.org Web www.sfaa.org
SFAA Staff Executive Director Janan New
Deputy Director Vanessa Khaleel
Education Specialist Stephanie Alonzo Marketing Lara Kisich
Member Services Manager Maria Shea
Government and Community Affairs Charley Goss
Accountant Crystal Wang
SFAA Officers President Chris Bricker
Vice President Robert Link Treasurer Jim Hurley
Secretary Mark Henderson
SFAA Directors Eric Andresen, Honor Bulkley, Andre Ferrigno, David Gruber, Kent Mar, Neveo Mosser, J.J. Panzer,
VOLUME XXXIV, NUMBER 4 APRIL 2021 Published by San Francisco Apartment Association Publisher Vanessa Khaleel Editor Pam McElroy
Art Director Jéna Safai
Production Manager Cameron Shaw Tel 415-392-3770 or 415-255-2288 Web www.sfaa.org
SF Apartment Magazine (ISSN 1539-8161) Periodicals Postage Paid at San Francisco, California. POSTMASTER: Send address changes to the SF APARTMENT MAGAZINE, 265 Ivy Street, San Francisco, CA 94102. The SF Apartment Magazine is published monthly for $65 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 Jostens Printing Co. Copyright @2021 by SFAA.
Bert Polacci, James Sangiacomo Dave Wasserman
SF APARTMENT MAGAZINE | APRIL 2021
7
COLUMN
THE NEWS
Small business relief: Small businesses or restaurants that were ordered to stop operating due to a San Francisco health order and which have less than $25 million in 2019 gross receipts qualify for relief. For businesses that qualify, the
Welcomed Waivers
2020-2021 business registration fees (originally due on May 31, 2020) and the
Upcoming fire alarm upgrade deadlines and business tax payments have been delayed, providing relief to local small businesses.
regulatory license fees (originally due
Editor’s Note: state and federal guide-
is a barrier, like a door or curtain for
tended as well. The 2021-2022 license
lines and legislation are constantly
example, between the notification appli-
fees are now due on November 1, 2021
changing regarding COVID-19. For the
ance and the pillow, the barrier must be
(originally due March 30, 2021). Ad-
latest information, resources, financial
in place during the sound test. For more
ditional 2021 extensions are awaiting
aid, and forms, visit www.sfaa.org or
information, visit sf-fire-org/fire-safety-
approval from the Board of Supervisors,
www.caanet.org/coronavirus.
requirements-building-owners.
including the business registration re-
March 2020) will be waived. To qualify for this relief, you must first file a tax return. For detailed instructions and to file your return, visit sftreasurer.org/ covid-19-tax-relief-businesses#file Some 2021 deadlines have been ex-
newal, originally due May 31, 2021, and Fire alarm system upgrade: At the time
Annual Business Taxes: The deadline to
the delinquency date for point-of-sale
of publication, the deadline to upgrade
file business taxes has been extended
weights and measures fees.
fire alarm systems in residential build-
from March 1, 2021 to April 30, 2021.
New Bills to Boost Housing
ings has been extended two years. The new deadline will be set for July 2023
By April 30, most rental property own-
Senate Bill 478, authored by Senator
(the previous deadline was July 1, 2021).
ers should file and pay the gross receipts
Scott Wiener (D-San Francisco), will
All buildings that are required to have
tax for each building (if four or more
ease restrictions on how much can
a fire alarm system under Fire, Building
residential units are leased in an indi-
be built on lots zoned for multifamily
and Housing Codes must upgrade the
vidual building); file and pay the payroll
housing. Specifically, the bill targets
fire alarm system, if necessary, to com-
expense tax for each building, unless
regulations that cap a development’s
ply with the sound level requirement for
your taxable payroll expense attribut-
square footage based on lot size, pro-
sleeping areas.
able to that building is less than or equal
hibiting local jurisdictions from limit-
to $320,000; and pay 2020-2021 business
ing square footage to less than 1.5 times
Fire alarms must reach a sound level of
registration fees for each building (this
the lot size. The law would pertain to
at least 15 dB above the average ambient
had been deferred from June 1, 2020).
buildings with two to ten units.
mum sound level, having a duration of
Reminder: Government grants, includ-
According to Wiener, current law
at least 60 seconds or a sound level of
ing funds from the Payroll Protection
makes it cost prohibitive to build mod-
at least 75 dBA, whichever is greater,
Program (PPP loans) are not taxable.
est multifamily housing. “We should not
measured at the pillow level in the area
They are not considered to be “gross
tolerate a situation where a city makes it
required to be served by the system us-
receipts” for purposes of the city’s gross
impossible to build,” he said, speaking
ing the A-weighted scale (dBA). If there
receipts tax.
in support of the bill.
sound level or 5 dB about the maxi-
8
APRIL 2021 | SF APARTMENT MAGAZINE
437 HYDE STREET, SAN FRANCISCO
183-185 VILLA TERRACE, SAN FRANCISCO
12 units the Tenderloin
2 Units in Clarendon Heights
$1,995,000
$1,695,000 1701-1711 GREENWICH ST, SAN FRANCISCO
6 Units in Cow Hollow
$3,495,000
371-381 SAN JOSE AVE, SAN FRANCISCO
1678 GROVE ST, SAN FRANCISCO
8 Units in Noe Valley
6 Units in NOPA
$3,700,000
$2,295,000 383-391 SAN JOSE AVE, SAN FRANCISCO
9 Units in Noe Valley
$3,800,000
1701-1703 BRODERICK ST, SAN FRANCISCO
155 HARRIET STREET #3, SAN FRANCISCO
2 Units in Lower Pacific Heights
Live/Work Loft in SOMA
$2,095,000
$795,000 30 GRAND VIEW TERRACE, SAN FRANCISCO
3 Units in Eureka Valley
$2,495,000
35-39 PROSPER ST, SAN FRANCISCO
136-138 BAKER ST, SAN FRANCISCO
3 Units in Eureka Valley
2 Units in the Upper Haight
$1,695,000
$1,850,000 130 GRAND VIEW AVE, SAN FRANCISCO
3 Units in Eureka Valley
$1,995,000
Considering Buying or Selling a Multi-Unit Property? Allison’s focus is on the sale of multi-unit, mixed-use and commercial properties in San Francisco. With over 18 years of experience selling investment real estate, Allison uses her industry expertise to help sellers maximize the value of their properties.
ALLISON CHAPLEAU Vanguard Commercial | Senior Vice President 415.516.0648 | allison@allisonchapleau.com | License: 01369080 ALLISONCHAPLEAU.COM
MULTI-UNIT. MIXED-USE. COMMERCIAL.
JUST LISTED
SF APARTMENT MAGAZINE | APRIL 2021
9
Senate Bill 621, authored by Assemblymem-
building permit has not been issued (i.e.,
Existing lot conditions or form-based
ber Susan Eggman (D-Stockton), would
any project currently on file with the City).
restrictions on development (e.g., height, bulk, rear yard requirements) prevent a
incentivize the conversion of vacant hotels and motels into multifamily housing. Con-
The controls aim to disincentivize low-
project from maximizing density without
verting these buildings would increase the
density projects, restrict the construction
seeking a variance or subdividing units
housing supply, but also revitalize eco-
of large residences, and prevent the loss or
(while adhering to the minimum unit sizes
nomically depressed spaces, generate jobs,
conversion of rent-stabilized housing units.
in the Planning Code);
unlock commercial corridors, and rejuve-
The zoning districts cited allow for a higher
nate communities. The bill would include
density (i.e., more units at a smaller size),
a streamlined process for converting the
but often are developed with larger units
buildings, hopefully reducing the costs and
that are more suitable to higher-income
building time for developers. A percentage
families (i.e., fewer units at larger sizes).
Fees Waived for New In-Law Units San Francisco supervisors voted unanimously to ease restrictions for property owners who want to build accessory dwelling units on properties with single-family homes. Fees for building inspections, plan review, records retention, and site surcharges would be waived for these projects. The ordinance was written by Supervisor Gordon Mar. Because single-family homes make up 31% of the city’s housing stock, the bill could have a big impact. He said, “By waiving building permit fees on ADUs, we are incentivizing homeowners to expand affordable housing opportunities and support extended families and seniors
on a subject lot; and • No unit is greater than 2,000 square feet in size.
of each building must be set aside for affordable housing.
• The proposed project increases density
San Francisco supervisors voted unanimously to ease restrictions for property owners who want to build accessory dwelling units on properties with single-family homes.
• Expansions of existing residential buildings are permitted without a CU if the proposed expansion is 25% or less of the existing residential building and: • Does not increase the size of any unit that is already larger than 2,000 square feet in size; • Does not create a new unit larger than 2,000 square feet, or • Does not cause an existing unit less than 2,000 square feet in size to exceed 2,000 square feet. It is unclear how many projects the interim zoning controls will impact, or whether it will result in changes to proposed devel-
with mobility and caretaking needs.” The controls apply to any (i) new con-
opment. Until the Planning Department
For more information about this ordinance,
struction of a residential building or (ii) a
or Planning Commission adopt clear
read “Lay of the Land Use” by M. Brett Glad-
proposed alteration that would result in
guidelines for implementing the controls,
stone in the March issue of SF Apartment
the expansion of the building. A CU from
including standards for density studies,
Magazine (sfaa.org).
the Planning Commission will be re-
the impact of the interim zoning controls
quired if the residential building does not
remains uncertain.
New Interim Density Controls
maximize the principally permitted resi-
In January the Board of Supervisors passed
dential density while meeting minimum
The above content was written by Reuben,
interim zoning controls for parcels in
unit size requirements. The following
Junius & Rose Attorney Tara Sullivan and
residential-commercial combined (RC),
minimum unit sizes must be used in den-
was reprinted with permission. This con-
residential-mixed (RM), and residential-
sity studies under the interim controls:
tent is general in nature. Readers should
transit oriented (RTO) zoning districts
450 square feet for one-bedrooms, 700
consult with legal counsel before relying on
(excluding RTO-M). The controls require
square feet for two-bedrooms, 900 square
this information.
Conditional Use Authorization (CU) for
feet for three-bedrooms, and 1,100 square
most new construction or alterations that
feet for four bedroom units.
Vallie Brown to Lead Nonprofit Arts Funding Agency
sored by Supervisor Aaron Peskin, the in-
There are exceptions to the Conditional
Former San Francisco Supervisor Vallie
terim zoning controls became effective on
Use requirement where site constraints
Brown was appointed the director of the
January 21st and are in place for 18 months,
prevent a project from maximizing density
city’s main nonprofit arts funding agency
until July 2022. They apply to all projects—
or for certain minor expansions. To fall un-
Grants for the Arts, by Mayor London
even ones currently under review by the
der the site constraints exception, a project
Planning Commission—where a final site or
must meet the following criteria:
do not maximize residential density. Spon-
10
APRIL 2021 | SF APARTMENT MAGAZINE
The News… continued on page 42
Adam Filly Exceeding Expectations Just Listed
Just Listed
1457-1459 Haight St | Mixed-Use
2501 Van Ness Ave | Mixed-Use
Just Listed
Available
Apartments | Mixed-Use | Commercial
Available
Just Listed
1649 Market St | 70 Units
668 Clay St | 108 Room Hotel
Available In Contract
706 Kearny St | 36 Room Hotel
2352 Lombard St | Mixed-Use
In Contract
In Contract
2727 Polk St | 7 Units
4272-4280 23rd St | 9 Units
1664-1670 Fell St | 4 Units
In Contract
1234-1238 Grove St | 5 Units
Just Sold
428 15th Ave | Develpement
2291-2299 Green St | 5 Units
Now more than ever you need an expert on your side. If you are considering buying or selling an investment property, then call Adam to discuss your goals.
Adam Filly Senior Vice President | m: 415.516.9843 | adam@adamfilly.com DRE 01354775 | www.AdamFilly.com Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527235. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed.
SF APARTMENT MAGAZINE | APRIL 2021
11
TREND ALERT
COLUMN
Hitting Home written by JEREMY W ILLIA MS
The Bay Area rental market is beginning to recover after the pandemic caused a yearlong decline.
O
ver the past year, San Francisco has experi-
• San Francisco as the most desirable tech headquarters
Many fled to the suburbs or out of state for more spacious accommodations while sheltering in place.
closer to $3,200 or more the year prior. This rapid decline in rental rates over the past year has left many landlords and investors feeling unsure about the
• Noteworthy companies continuing to invest in San Francisco
Summary of the 2020 Rental Market
The Decline in Rental Rates Coming to an End Fast forward to today: As I write this article in February 2021, there are still
Others left for financial reasons, like the
To understand the significance of what
a lot of available rentals on the market.
many bar, restaurant, and gig workers
we are seeing now in the local rental
However, renters are returning. In
who were faced with a loss of income
market, it’s worth revisiting what apart-
their February 2021 National Rental
after indoor dining and entertainment
ment building owners have been faced
Report, Zumper announced the first
shut down.
with over the past year. The first wave
positive increase in Bay Area rents
of renters began leaving San Francisco
since the onset of the pandemic last
Month after month moving trucks lined
almost immediately after the shelter-
year. The nearly 1% rental increase for
the streets as vacancy rates soared. And
in-place orders were announced in
the average one-bedroom apartment
now, San Francisco landlords are facing
March of 2020.
may not seem like much, but for prop-
record-high vacancy rates upward of 10% to 20% across their portfolios.
erty owners it’s a long-awaited sign This trend continued as some of the larg-
that the local rental market is begin-
est tech firms with headquarters in the
ning to stabilize.
There is a light at the end of the tunnel
Bay Area began announcing extended
though, as we are beginning to see a
and even indefinite work-from-home
This trend was confirmed by my
reversal of this trend. In the first couple
policies. In response to this, some land-
conversation with Dawn Cusulos of
of months of the new year, there has
lords rushed to rent out their vacancies
Corcoran Global Living, who special-
been a notable uptick in apartment rent-
at relatively large discounts. Others have
izes in residential leasing and currently
als. This article will explore some of the
held the line, waiting for demand to
has over 100 rental listings. Cusulos is
early signs of a recovery in the San Fran-
return. Rental rates continued to drop
getting more calls on her listings and
cisco rental market.
throughout the year to nearly 25% lower
has signed more new leases in the first
than their pre-pandemic highs.
couple of months of the year than in the several months prior. “Some people
Highlights of this article include: • Summary of the 2020 rental market • The decline in rental rates coming to an end
12
these apartments were renting for
future of the local rental market.
enced a mass exodus of renters leaving town.
Francisco renting at $2,700 per month;
APRIL 2021 | SF APARTMENT MAGAZINE
Zumper’s December 2020 National
are coming back from San Diego or
Rental Report, which analyzes rental
New York, for example, but a lot of the
data from over one million active list-
demand is coming from people who
ings across the United States, shows the
are already here looking to get more
average one-bedroom apartment in San
space for less money,” she said.
DAN MCGUE
S A N F R A N C I S CO ’ S L E A D I N G A PA RT M E N T B R O K E R $2.6 BILLION IN TOTAL SALES!
Av ail ab le
Av ail ab le
GREAT INVESTMENT PROPERTIES FOR SALE!
42 Apartment Units | Downtown, SF
Av ail ab le
Av ail ab le
NNN with Single Good Credit Tenant | Pacific Heights
Office Building with Outdoor Space | Jackson Square
27 Apartment Units | Noe Valley
116 Apartment Units | Santa Rosa
!
PROPERTIES!
!
SOLD
SO LD
SO LD
!
R E C E N T LY
SO LD
5 Apartment Units | Pacific Heights
12 Apartment Units | Marina
Dan McGue
Senior Commercial Broker Associate
Lic# 00656579 415.310.5787 | dan@danmcgue.com | www.danmcgue.com
NRT
© 2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. Each sales representative and broker is responsible for complying with any consumer disclosure laws or regulations.
SF APARTMENT MAGAZINE | APRIL 2021
13
The return of renters who fled during
allow employees to work remotely (com-
the Bay Area have real concerns about the
the pandemic along with those who have
pared to the previous year’s 6%), but the
future of the local rental market, others are
decided to stay and upgrade their accom-
preferred location for headquarters and
optimistic about what we are seeing in the
modations is a positive sign of better
in-person operations was still the San
first couple of months of 2021.
days ahead.
Francisco Bay Area at 30%. Austin and New York were the runners up at only 7% each.
Just as renters left in waves over the past
San Francisco as the Most Desirable Tech Headquarters
The future of in-person work remains
Tech workers are trickling back in already
Our industry has focused quite a bit on
uncertain, though the Bay Area continues
in anticipation of their offices reopening
how Bay Area tech giants have responded
to stand out as the place to be for up-and-
this summer. Next is likely to be hospitality
to the pandemic, as their employees make
coming tech firms.
workers, once we can enjoy indoor dining
up a large portion of the renter pool. In
year, they are likely to return in waves.
and entertainment again. And, hopefully,
nies like Google, Facebook, Salesforce,
Noteworthy Companies Continuing to Invest in San Francisco
and other local tech firms made headlines
Noteworthy companies are doubling down
meantime, we get to enjoy less traffic, and
over their extended remote work poli-
on their investments in Bay Area infrastruc-
less competition for outdoor dining.
cies that would allow employees to work
ture. Over the summer, we heard about
from home until summer of this year, if
Google’s expansion of 42,000 square feet
As a San Francisco resident for the past 15
not indefinitely. This freed up many rent-
of office space in the Two Rincon Tower
years, I have seen the city undergo several
ers to leave behind their San Francisco
building downtown. And most recently,
changes. I am excited to see what this next
apartments to find better accommodations
Ikea and its parent company, Ingka Group,
version of San Francisco has in store.
elsewhere. Now with summer just a few
announced their plan to open an Ikea cen-
months away, employees of these firms
ter in downtown San Francisco this coming
are returning, little by little. The relatively
fall. The store opening is part of a larger
small spike of renters returning to San
investment of over $260 million to rehab
Francisco now may be doing so to get the
the 250,000 square foot “6x6” building at
first grab at available rentals before many
945 Market Street. The development, which
of their colleagues return this summer.
has been mostly vacant since its completion
the early days of the pandemic, compa-
in 2016, will be the home to a six-floor mall In addition to existing firms reopening
with Ikea as its anchor store.
their doors, there’s still a strong pull for new companies to headquarter in the
When asked about the timing of their
Bay Area. Initialized Capital, a venture
project, a spokesperson for Ingka Group
capital firm, recently surveyed nearly
made it clear that the company believes in
100 tech founders and found that San
the long-term viability of the San Francisco
Francisco is still the number one place
economy. The spokesperson commented
for startups to begin operations. This is
that the company “…understands the recent
true even after many of the respondents
pandemic has had an impact on all cities
changed their views on remote work
and retail environments” and that their
due to the pandemic.
“strategy is to be close to where many people live and work, and we believe in the
Kim-Mai Cutler, a partner at Initialized
long-term potential for 6x6.”
Capital, said, “Everyone is a lot more comfortable hiring remote now, and it’s very
Between Google acquiring more office
hard to put that genie back in the bottle.”
space and Ikea’s significant investment in
The results from a February 2020 survey
rehabbing the 6x6 building, San Francisco
they conducted showed that only 6% of
is proving its resilience as a place where
respondents were in favor of a distributed
people want to live and work.
or remote workforce for a new business operation, with more than 40% saying
Optimistic Outlook
that they would choose the San Francisco
With a post-COVID rental market on the
Bay Area as their headquarters.
horizon, San Francisco property owners and investors will need to keep adapting
In this same survey one year later, more
to the environment as it takes shape. While
than 40% of the respondents said they
some of the largest property owners in
14
APRIL 2021 | SF APARTMENT MAGAZINE
our artist friends and colleagues will return now that rents are more affordable. In the
Jeremy Williams is a multi-unit and commercial sales specialist, focusing on the San Francisco Bay Area market. To discuss the findings in this article or to consult on any other real estate matters, contact Jeremy at 415-932-9846 or jeremy@ jeremywilliams.com.
Passthroughs
PAY! Take advantage of the Rent Board rules that benefit you.
We prepare petitions for • Soft Story/Voluntary Seismic • General Capital Improvements • Operating and Maintenance and also • Annual Increase letters • General and Water Bond Passthroughs We have 18 years of experience and have filed hundreds of successful passthroughs. Call us today at
415-333-8005
to find out how you can benefit.
THE JONES TEAM Ethical. Human. Local.
IN CONTRACT
SOLD
SOLD
SOLD
SOLD
JUST LISTED
1515 California Street
42–46 Jasper Place
1910 California Street
3945 20th Street
474 Sanchez Street
2280 Market Street
Contact us for a complimentary valuation on your building — whether buying, selling, or executing a 1031 Exchange, we can advise you on strategy.
Terrence Jones
Isabelle Salvadori
Lic. #01343939
Lic. #01506910
Terrence@TerrenceJonesSF.com
Isabelle@TerrenceJonesSF.com
TerrenceJonesSF.com | 415.786.2216
415.596.0659
Senior Broker Associate
Real Estate Professional
SF APARTMENT MAGAZINE | APRIL 2021
15
COLUMN
LEGAL Q&A
By the Back Door w r i t t e n b y VA R IOU S AU T HOR S
Without permission from the master unless and until your tenant expressly tenant, landlords shouldn’t grant entry asks you to allow access. to units (even to subtenants). —Justin A. Goodman & Maddy Zacks reach their master tenant. Unless this is Q. What is my obligation to Q. After the tenant vacated, I
a subtenant? One I’ve never had contact with called me and claimed they were locked out of the unit. They asked me to let them in or to call a locksmith.
A. You not only have no obligation to
true (which you have no way of know-
ing), you permit trespass and potential theft by allowing access, and if your locksmith has to rekey the unit, you’ve potentially just wrongfully evicted your actual tenant.
provide access, but you should also be
Now, San Francisco Rent Ordinance
very cautious in allowing a stranger to
§37.13 states that “a landlord shall pro-
access your tenant’s unit. Most mod-
vide a minimum of one key or key-set
ern leases (like the SFAA Residential
per rental unit for each adult occupant,
posit law found in Civil Code Section
Tenancy Agreement) prohibit subletting
without charge.” The Court of Appeal
1950.5. The security deposit may be used
without prior approval of the landlord.
has repeatedly interpreted the term “oc-
at the end of a tenancy to compensate
And while the need for approval has
cupant” to include a much broader cate-
the owner for unpaid rent accrued be-
been sharply curtailed over the years in
gory than “tenant” (and even “tenant” in
fore move out, to repair damages caused
San Francisco, the relationship between
San Francisco can include a subtenant).
by the residents beyond normal wear
the landlord and their tenant remains the one that matters here.
16
found the bathroom full of mold and will need to have it professionally cleaned. It appears as though the mold growth was caused by a lack of cleaning and ventilation during the tenancy. May I deduct the cleaning costs from the deposit?
A. First, let’s review the security de-
and tear, and to clean the apartment to But first of all, Section 37.13 is a “hous-
the same level of cleanliness that existed
ing services” provision that simply
when the tenancy began.
You should treat unknown subtenants
seeks to provide access to all lawful
as strangers for most purposes. This
occupants without additional charges.
Once the residents give notice of their
instinct is ingrained into many San Fran-
Second, while the ordinances adopting
intention to vacate, owners should is-
cisco landlords, as earlier (pre-Costa-
this section do not include any specific
sue a written notification informing
Hawkins) versions of the rent board
legislative intent, the language allows
them of their right to request a pre-
regulations found rent control protec-
landlords to refuse to provide “addi-
move-out inspection. Please use the
tions in a subtenant who successfully re-
tional sets” for good cause, including
CAA/SFAA form. If the residents opt for
quested repairs directly to the landlord
“unlawful occupancy.” Finally, this sec-
this inspection, you should conduct it
(via the legal doctrine of “no good deed
tion does not say “to whom” the keys
no earlier than two weeks before the
goes unpunished”).
must be given. It’s a fair assumption
move-out at a mutually acceptable date
that only the tenant who is the law-
and time. The purpose of the inspec-
And while this is no longer the rule, your
ful, contractual lessee can make the
tion is for property owners to identify
tenant is still the master of their own do-
request/receive the keys from the land-
in a written itemized statement any
main. They can even reserve the right to
lord. And even if this were ambiguous,
cleaning or repairs that may cause a
evict their roommates without just cause
sometimes—yes, even in San Fran-
security deposit deduction if not com-
(and for all you know, may have done
cisco rental law—common sense and
pleted before the residents leave.
so before this request came in). In this
substantial rights have to prevail over
scenario, you simply have no idea if this
local rules. The safest thing for you
The pandemic has created some major
person actually is a bona fide subtenant
and your (known) tenants is to protect
challenges with regard to this step, as
who lost their keys and honestly cannot
their apartment against strangers,
owners and residents alike want to
APRIL 2021 | SF APARTMENT MAGAZINE
CONSIDERING A 1031 EXCHANGE? Get FREE DST, TIC and NNN 1031 Exchange Listings Delivered to Your Inbox!
SIGN UP FOR FREE at www.kpi1031.com call 1.855.899.4597 or email info@kpi1031.com 6
T H E 10 31 EXC H A NG
1031 E X CHANG FOR THE
Types of DST, TIC and NNN Properties available:
FULL LIS
T PLEASE
LOGIN AT
WWW.K
PI1031
.COM OR
CALL
(855)899-
4597
RTUNIT I info@KPI1
031.com
TACOMA CENTER DATA DST Location: Taco
ASHEVIL
ma, WA
Total Offering Amount $8,3 98,000.00 Leverage 0.00% Type of Asse t Data Center Offering Statu s Fully
LE DS
T Location: Ashe ville, NC Total Offering Amount $4,9 Leverage 00,000.00 0.00% Type of Asse t Self Storage Offering Statu s
Funded
HE ALTH CA IV DST RE Location: Multiple Loca
tions Total Offering Amount $13,1 Leverage 83,211.00 50.24% Type of Asse t Medical Offic Offering Statu e s
Fully Funded
1
Fully Funded
✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
E T IM ES
E OPPO
Management Free - No More Tenants, Toilets and Trash!
PORT OR WALGRE CHARD
rage
HOUSE
AX IS WE
ST DS
T Location: Orla ndo, FL Total Offering Amount $69, 900,683.00 Leverage 54.93% Type of Asse t Multifamily Offering Statu s
00.00 0.00% Pharmacy Fully Funded
HE AL PORTFOTHCARE LIO 2 DS Location: Mult T iple Locations 2
Total Offering Amount $15,6 Leverage 61,000.00 0% Type of Asse t Portfolio Offering Statu s
Fully Funded
Monthly Income Potential
Fully Funding
Fully Funded
FRES LOUISB ENIUS
Location: Louis URG DST burg, NC Total Offering Amount $4,9 Leverage 24,000.00 0.00% Type of Asse t Medical Offic Offering Statu e s Fully Funding
Close your 1031 in 2-3 Days
WINCHE ST MO
CHAR WALGRELOTTE
MARY MEDI LAND
Location: Balti CAL DST more, MD Total Offering Amount $2,3 Leverage 14,580.00 0.00% Type of Asse t Medical Offic Offering Statu e s Fully Funded
i1031.co
GRA DOMINI ND ON DST Location: San Anto
FAIRWAY
DST
Location: Lawr enceville, Geor Total Offering gia Amount $32,1 Leverage 05,000.00 57.09% Type of Asse t Multifamily Offering Statu s
WINSTO N SA FEDE X LE M DST Location: Wins ton-Salem NC
Total Offering Amount $2,73 Leverage 5,250.00 0.00% Type of Asse t Industrial Offering Statu s
1000 CHARLE WEST STON DS Location: Char T leston, SC
Total Offering Amount $45, Leverage 775,000.00 54.66% Type of Asse t Multifamily Offering Statu s Fully Funded
FRESEN PORTFO IUS
LIO Location: Capit ol Total Offering Heights, MD; WA, D.C. Amount $10,0 Leverage 00,000.00 46.80% Type of Asse t Portfolio Offering Statu s
FRITO LA Y DC MS
Location: Sterl ing, Total Offering VA Amount $6,9 Leverage 96,739 0% Type of Asse t Industrial Offering Statu s Fully Funded
Non-Recourse Financing from 40-85% Loan to Value Cash Out Refinance - Defer Your Taxes and Receive Liquidity Potential
GERBER
8%
ROAD TI
C Location: Ashe ville, NC Total Offering Amount $12,4 Leverage 27,419.00 0% Type of Asse t Self Storage Offering Statu s Fully Funded
POOLER
TIC
Location: Poole r, Total Offering GA Amount $13,8 Leverage 67,027.00 Type of Asse 0% - All-Cash/Debt-Free t Self Storage Offering Statu s Fully Funded
GREENV ILL ZIPS DS E T
Location: Gree nville, SC Total Offering Amount $4,4 Leverage 80,585.00 Type of Asse 0% - All-Cash/Debt-Free t Industrial Offering Statu s Fully Funded
Preferre d Return*
NET LE ASE IN FUND 18 COME
LLC Location: Mult iple Total Offering Locations 5 Amount $50, Leverage 000,000.00 TBA Type of Asse t Incom Offering Statu e Fund s Accepting Fund
SE ATTLE
1 - Hea City, UT lthcare IV DST : Elmh
RAINIER
DST THISTLE Location: Seat tle, TOWNHO WOOD Total Offering WA MES DS Amount $7,13 Location: Clark T Leverage 5,372.00 sville, TN Total Offering Type of Asse 0% - All-Cash/Debt-Free Amount $5,2 t Leverage 25,798.00 Multifamily Offering Statu s Lmtd. Avail Type of Asse 0% - All-Cash/Debt-Free . Accepting t Funds Multifamily Offe ring Status *Preferre d retur Fully n is not
guarante ed and
is subject
Funded
to available
9-4597
info@kp i10
ER
Location: Winc B DST hester, VA Total Offering Amount $5,0 Leverage 74,000.00 0.00% Type of Asse t Medical Offic Offering Statu e s Fully Funded
Fully Funded
All-Cash/Debt-Free Offerings
1-855-89
HIGH RI ATHENS DGE
Plus get a FREE book on 1031 Exchanges! Call today at 1.855.899.4597 DST Location: Athen s, Total Offering GA Amount $18,6 Leverage 95,000.00 54.23% Type of Asse t Multifamily Offering Statu s Fully Funded
15 DST Location: Mult iple Total Offering Locations 4 Amount $58,7 Leverage 90,000.00 53.07% Type of Asse t Portfolio Offering Statu s Fully Funded
m
SONO POIN TEMA DST Location:
Total Offering nio, TX Amount $56, Leverage 898,729.00 Kissimmee, FL Total Offering 59.17% Type of Asse Amount $44 t Leverage ,533,951.00 Multifamily Offering Statu s 57.77% Type of Asse Fully Funded t Multifamily Offering Statu s Fully Funded
Fully Funded
NET PORTFO LE ASE LIO
Visit ww w.kpi103 1.com for look at cur a closer rent DST 1031 pro DST 1031 pertie pro materials perty due to dilige s, and more nce education resources al for your upc 1031 exc oming hange! www.kp
ENS DST Location: Char lotte Total Offering , NC Amount $5,4 Leverage 36,250.00 0.00% Type of Asse t Pharmacy Offering Statu s Fully Funded
Fully Funded
Multifamily, Self Storage, Industrial and Mobile Homes
DS
DIVERS DIALYS IFIED IS
DST Location: Mult iple Total Offering Locations 3 Amount $22, Leverage 449,000.00 55.45% Type of Asse t Medical Portf Offering Statu olio s
OD DS
T GRAND Location: Atlan ta, AT WEST Total Offering GA Amount $55, Location: Kissi SIDE DST Leverage 403,834.00 mmee, FL Total Offering 58.95% Type of Asse Amount $74,4 t Leve 44,763.00 rage Mult Offering Statu ifamily 55.82% s Type of Asse Fully Funded t Multifamily Offering Statu s
Tenants include Amazon, FedEx, Dollar General, Walgreens, CVS, Fresenius, and More
i1031.c om
T Location: Jack BIG CREE sonv Total Offering ille Beach, FL K DST Amount $51,5 Location: Alpha Leverage 76,436.00 retta, GA Total Offering 58.61% Type of Asse Amount $84, t Leverage 455,103.00 Multifamily Offering Statu s 57.86% Type of Asse Fully Funded t Multifamily Offering Statu s
Fully Funded
GLENWO
www.kp
Fully Funded
ENS DST Location: Port Orch Total Offering ard, WA Amount $5,9 25,5 Leve Type of Asse t Offering Statu s
BE ACH
ES
cash flow.
MISSO POTTER UL A PARK DS Location: Miss T oula, MT
Total Offering Amount $5,4 Leverage 55,319 Type of Asse 0% - All-Cash/Debt-Free t Multifamily Offering Statu s Fully Funded
s
A
BOJANGL
ES DST
Location: Nash ville MSA, Atlan Total Offering ta Amount $5,9 MSA Leverage 21,522.00 Type of Asse 0% - All-Cash/Debt-Free t
Offering Statu
Fast Food s Lmtd. Avail .; Accepting Fund
ACQUISI TI
ON FUND
Location: Mult iple Total Offering Locations 6 Amount $10,0 Leverage 00,000.00 TBA Type of Asse t Acquisition Offering Statu Fund s Accepting Fund
s
urst, IL; Oklahom 2 - Hea a City, OK; lthcare Port folio Dallas, 3 - Dive 2 DST: Rale TX; Salt Lake igh, NC; TX; Sinto rsified Dialysis Houston n, TX; King DST , TX; Wes spor t, TN; : Fort Wor th, t Jordan, 4 - Net Mar tin, TN; TX; The Woo UT Leas dlan Middletow Parts Mok e Port folio 15 DST: n, NY; Ypsids, TX; Grand Prair Dollar Genena, IL; CVS Phar Advance lanti, MI; Auto Eupora, ie, Parts Norc Gadsden eral Saint Ama macy Bolingbro MS , AL; Doll ross nt, Dollar Bato ar General LA; Dollar Gen ok, IL; Dollar Gen , GA; Advance eral Bato Auto Suga eral Hobby Lobbn Rouge, LA; Freseniu r Creek, MO; Doll n Rouge, LA; Hammond, LA; y Brun IN; Walg s reens Indeswick, GA; India Medical Care St. ar General Gos Dollar General hen, napo Loui pendence 5 - Net , MO; Walglis Osteopathic s, MO; Goodwil IN; Family l Skokie, Hosp reens Arlin LouisvilleLease Income IL; Fund 18 gton, TX ital, Inc. Indianapo WA; Seat Industrial 19 DST LLC: E-Co lis, mmerce Tacoma tle Multifamily Louisville, KY; Distr DST Port Orch Data Cen Distributi ter DST Taco Seat tle, WA; ard Phar ibution DST Akro on Miss mac n, DST Rock ma, WA; OH; y DST Port oula mult Flats LLC Phoe Sprin ifam Orch Shrevepo Austin, TX; Oma gs, WY; Texa nix Pharmacy DST ily DST Missoula ard, Thistlew rt, LA; Maplewo ha MSA DST Cou s Industrial DST Phoenix, AZ; Wyo , MT; ood town od ncil Uval homes DSTDST Maplewood, Bluffs, IA; Shre de, TX; Aust ming 6 - Acquisi in 305 vepo MO; Airp Clarksvil ort Medical rt Pharmacy le, TN Wyoming tion Fund LLC: DST DST Chic Dulles DistrDistribution DST Missoula mult ago, IL; ifamily DST Rock ibution DST Sterling, Springs, WY; Seat Missoula, MT; VA; Airport NYC tle Medical Multifamily DST Metro DST; DST Chic Seat tle, ago, IL WA;
This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum paying special attention to the risk section prior investing. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. There are material risks associated with investing in real estate securities including illiquidity, vacancies, general market conditions and competition, lack of operating history, interest rate risks, general risks of owning/ operating commercial and multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. Securities offered through Growth Capital Services member FINRA, SIPC Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco,MAGAZINE CA 94104. SF APARTMENT | APRIL 2021 17
31.com
avoid exposure to COVID-19. With unprec-
increasingly common, and insurance
tenant wishes to claim such distress as
edented departures occurring beginning
oftentimes will not cover these claims.
the reason for not paying rent, they must
in spring of 2020 and lasting through
Therefore, you will want to document
return the Declaration. If the 15-day
winter of 2021, many renters have opted
that the mold presence was not created
notice required the tenant to provide
out of having the inspection, while count-
by some building defect or the owner-
documentation as proof, the tenant must
less landlords did not even circulate the
ship’s failure to properly maintain this
provide those documents when they
inspection notification. Unfortunately,
rental unit.
return the Declaration.
the security deposit law was not and has —Dave Wasserman
not been amended to address pandemic safety issues. Some housing providers have conducted virtual inspections, while others ask for the residents to be absent from the apartment during entries. It is unclear if a pre-move-out inspection was sought or even offered in this instance. If you failed to offer it, then no deductions should be made. If the inspection
Q. A tenant sent a signed Decla-
ration of COVID-19-Related Financial Distress after I served a 15-day notice to pay rent or quit. She failed to provide supporting documentation. What should I do?
A. Landlords may only require tenants to
It is very easy for a high-income tenant to comply with a request to provide documentation in support of a Declaration. Any form of objectively verifiable documentation that demonstrates the financial impact is sufficient, including a letter from an employer, an unemployment insurance record, or medical bills may be provided to satisfy the documentation requirement.
occurred, the question becomes whether
provide documentation supporting a claim
If you believe that your tenant’s household
or not this problem was identified on the
of COVID-19-related financial distress if the
is high income and the tenant failed to pro-
itemized statement. If it was highlighted,
tenant’s household is “high income.” High
vide documentation as you requested, you
or if the resident declined to have an in-
income means a household income of at
could either ask again, or wait for the day
spection, then the removal and treatment
least 130% of the median income for the
when you can evict and show the court that
of excessive mold growth would probably
county where the rental property is lo-
the tenant failed to return the Declaration
warrant a deposit deduction under both
cated, as published by the Department of
as requested. The court has the authority to
the “damage beyond normal wear and
Housing and Community Development in
enter judgment because the tenant failed to
tear” and the “cost of cleaning” allowances
the Official State Income Limits for 2020.
comply with the state law.
remediation usually also requires partial
If your tenant is high income, your 15-
But if you don’t believe your tenant is in
wall and ceiling replacement in addition to
day notice to pay rent or quit must state
a high-income household, then you were
a thorough cleaning.
that the tenant is required to provide doc-
never entitled to proof of your tenant’s
umentation supporting the Declaration
COVID-19-related financial distress.
of Section 1950.5. Remember, proper mold
You must send out a deposit disposition
of COVID-19-Related Financial Distress.
statement within 21 days after the residents
The problem is that many landlords don’t
left. You and your former tenants may
know much about their tenant’s income,
agree to handle this communication via
and even less about household income.
email. If the total amount deducted exceeds
—Clifford Fried
Q.
I plan to remodel a vacant unit and know the work will be noisy. What are my obligations to neighboring tenants?
$125, make sure to include copies of the
SB 91, the COVID-19 Tenant Relief Act
material receipts and vendor billing state-
says that the landlord must have proof
ments, and if you personally performed
of high income before the 15-day notice
some or all of the work, you must submit
is served. Without proof, the landlord
your bills reflecting commercially reason-
should not be asking for documentation
Francisco there is duty owned by prop-
able charges for your labor. If the receipts/
from the tenant.
erty owners not to interfere with the quiet
billing statements are not available within
A. In California and the City of San enjoyment of their tenants. Tenants are
the 21-day period, provide an estimate and
If a landlord has proof of income on file
entitled to the quiet enjoyment of the units
the contractor’s information. Once you ob-
that indicates that the tenant’s household
they rent. This right is balanced against the
tain this documentation from your vendor,
is high income, the landlord may require
property owner's needs to undertake nec-
forward it to the departed residents within
the tenant to provide documentation
essary repairs to a residential unit.
14 days upon your receipt.
showing the tenant experienced a de-
Lastly, photograph this contamination
crease in income or increase in expenses
The law in San Francisco provides
due to the COVID-19 pandemic.
guidelines for acceptable noise levels
and try to have the remediation profes-
that are permitted at residential proper-
sional attest in writing that the mold out-
Every 15-day notice to pay rent or quit has
break was likely caused by the resident’s
a blank Declaration of COVID-19-Related
poor housekeeping. Mold lawsuits are
Financial Distress attached to it. If the
18
APRIL 2021 | SF APARTMENT MAGAZINE
ties. Daytime repair noise should neither Legl Q&A… continued on page 66
Is Your Building
COMPLIANT?
SAN FRANCISCO FIRE CODE 1103.7.6.1 Deadline is fast approaching! Comply by July 2021
TAKE ACTION NOW…CALL US TODAY!
628-208-0188
SFfire@aec-alarms.com SF APARTMENT MAGAZINE | APRIL 2021
19
FOR SALE
Lower Haight | 23 Units | $6,300,000
FOR SALE
Valencia Street | 9 Units | $3,000,000
In association with Dan McGivern
In association with Joe Levy
PENDING
SOLD
Marina District | 21 Units | $10,200,000 In association with Gino Franco
Alamo Square | 12 Units | $6,950,000 In association with Dan McGivern
Fantastic Buildings. Unique Transactions. There is a unique story for each of these properties. For detailed information on these buildings, market conditions, soft story issues, or an estimate of value for your property, please call. We look forward to speaking with you.
Offices Throughout the U.S. and Canada
20
APRIL 2021 | SF APARTMENT MAGAZINE
www.MarcusMillichap.com
Specialization • Expertise • Results
SOLD
Haight Ashbury | 17 Units | $8,050,000
SOLD
North Beach | Mixed Use | $11,000,000
In association with Joe Levy
In association with Taylor Flynn & Gino Franco
Marina District | Retail | $2,800,000
FOR SALE
In association with Doug Mallach
SOLD
Marina District | 9 Units | $6,450,000
Over Asking
To access the investment market, contact the market leader.
Sanford Skeie
Senior Vice President Investments National Multi Housing Group (415) 625-2153 sandy.skeie@marcusmillichap.com License: CA: 00982336
Clinton Textor
First Vice President Investments National Multi Housing Group (415) 625-2157 clinton.textor@marcusmillichap.com License: CA: 01318639
www.MarcusMillichap.com
SF APARTMENT MAGAZINE | APRIL 2021
21
SHACK
to the
FUTURE
w r i t t e n b y PA M M C E L ROY
How COVID-19 and consistent wildfires are changing our living spaces.
22
APRIL 2021 | SF APARTMENT MAGAZINE
SF APARTMENT MAGAZINE | APRIL 2021
23
THE CORONAVIRUS PANDEMIC AND ANNUAL WILDFIRES HAVE CHANGED—PERHAPS PERMANENTLY—THE WAY WE LIVE, work, and socialize. From the air we breathe to the functionality of our residential spaces, high technology and innovative industry professionals are responding by reinventing the buildings we live in and how we do business.
Multi-Functional Living Spaces People want more—and more functional—space. Now that employees have been working from home for a year or more, many employers are reconsidering long-term work-from-home policies, and so, employees are reconsidering their living spaces. Miles Garber, vice president of research at Polaris Pacific, explained how residential buildings are being planned with “origami interiors”—multifunctional spaces that can easily convert from a home gym to a guest bedroom to a home office. “Open floorplans no longer work when everyone is home—if someone needs to study for a final, another family member can’t log-in to their virtual fitness class,” he said. New development comes to market with a clean slate, so these new requirements can be accommodated. But in cities with a lot of older housing stock, like San Francisco and New York, bigger apartments aren’t always possible. Bumblebee makes living spaces flexible with beds and storage that disappear into the ceiling when not in use.
Owners of these spaces need to work creatively within existing spaces to reinvent stabilized units. This is where companies like Bumblebee Spaces come in. Bumblebee Spaces is a San Francisco-based robotics startup that builds modular spacesaving furniture controlled with an app or voice command. Furniture like beds, nightstands, and dressers are inconspicuously hidden in the ceiling
24
APRIL 2021 | SF APARTMENT MAGAZINE
With the swipe of your finger, a privacy wall will roll out when a family member has a Zoom meeting or a full-size desk can tuck away behind an entertainment console at the end of the workday. until you communicate that you’re ready for bed. With the swipe of your finger, a privacy wall will roll out when a family member has a Zoom meeting or a full-size desk can tuck away behind an entertainment console at the end of the workday. “It’s unlikely people will spend Monday through Friday in cubicles anymore. People will need homes that provide more function, which can’t come at the cost of more square footage,” explained Sankarshan Murthy, Bumblebee Spaces founder and CEO.
Health and Wellness “Wellness as an overall concept is quickly gaining steam in residential buildings. And as technology is advancing, it’s fusing with this trend,” said Garber. He went on to explain that fitness centers as we know them are most likely a thing of the past. Instead of gyms in poorly ventilated basements, residents are using technology to exercise safely in their homes—think Peloton, interactive fitness mirrors, and virtual trainers. Communal fitness spaces will still exist in larger residential buildings, but they’ll house outdoor fitness classes, rock climbing walls, and equipment not suitable for urban living spaces, like large treadmills and ellipticals. When it comes to the super-luxury residential buildings, health and wellness is being taken a step further. These high-end units will be equipped with hospital-grade MERV-13 rated filters (Minimum Efficiency Reporting Values track a filter’s ability to capture particles) and ultra-violet wands and electrostatic foggers in airducts to kill airborne contaminants. According to Garber, these will be critical amenities going forward, as wildfires and airborne illnesses remain a concern. SF APARTMENT MAGAZINE | APRIL 2021
25
PAST PANDEMICS’ IMPACT ON ENVIRONMENTS THE CHOLERA OUTBREAKS OF THE 1800s pushed many cities to imple-
ment sewage systems, ultimately leading to the standardization of indoor plumbing.
EFFORTS TO STOP THE SPREAD OF TUBERCULOSIS AND TYPHOID FEVER heavily contributed to the
rise of better water filtration and treatment standards.
THE 1918 SPANISH FLU PANDEMIC
led to better ventilation standards and prompted builders to include more windows and porches. Juliet balconies became more popular. This content was provided by Miles Garber, Vice President of Research at Polaris Pacific.
Outdoor Space Outdoor space became a top priority
advancements in technology. Single-use
while also managing the resident experi-
appliances are being replaced by appli-
ence. We want people to be able to use the
ances that connect to smart phones and
services they can, but we need to make sure
smart homes. Smart refrigerators can show
owners have all the information to make
you what’s inside, alert you when you’re
the best decisions,” Anderson said.
running low on inventory, and even sugBerkeley recently banning natural gas in
Lease Agreements and Filling Vacancies
new buildings, expect a big push toward
While keeping residents happy has re-
electric ranges and stovetops and preci-
quired some creative thinking and plan-
sion heating devices.
ning, according to Anderson, the hardest
gest recipes. And with San Francisco and
work has come with keeping tenants in “Touchless faucets and materials that
place—and in the city. While Greystar hasn’t
inhibit the growth of pathogenic microor-
had trouble filling vacancies, they are filling
ganisms, like copper and krion, are already
them at lower rents than before the pan-
seeing increased use outside of hospitals,”
demic. “We’re seeing a lot of people moving
Garber adds.
around within the city. But I hope with the
Next-Level Property Management
vaccine, COVID numbers will go down and the city will start to pick back up.”
Before the pandemic, property managers were, well, property managers. After
In the meantime, according to Cassandra
talking to Patricia Anderson of Greystar,
Joachim, director of business develop-
however, it’s clear that property manag-
ment at Intellirent, rental property own-
ers have taken on roles more akin to event
ers who are struggling with vacancies
planners, providing much-appreciated
have started considering lease adjust-
concierge services.
ments, like lower rental rates, rather than risk losing a tenant or having a vacant
for people looking for new homes—but
unit for an uncertain amount of time.
functional outdoor spaces are the most ap-
When popular amenities like fitness cen-
pealing. “We’re starting to design outdoor
ters, co-working spaces, and recreation
spaces—private and communal—like inte-
rooms shut down, property managers
Joachim also noted an uptick of renters
rior spaces. The lines are blurring when it
replaced these amenities with virtual fit-
with animals that they adopted during
comes to indoor and outdoor space.”
ness classes, at-home movie night kits, and
shelter-in-place, and suggests that rental
other virtual event packages in partner-
property owners reconsider “no pet”
Residential outdoor spaces are becom-
ship with local businesses, like “paint and
policies and restrictions.
ing seamless extensions of indoor spaces,
sip” nights, mixology and cooking classes,
equipped with USB connections, comfort-
or art gallery tours. “We’re doing every-
She also warned of an uptick in fraud.
able and functional furniture, WIFI, and
thing we can to enhance the living experi-
“Never accept paper documents gener-
TVs (weather permitting).
ence for residents in our buildings. People
ated by renters. Unfortunately, in hard
are sick and tired of being confined, and
times there are far more fraud attempts.
Kitchens
we emphathize. We want to make living
Collect and gather all data in one spot
Now that we’ve been cooking three meals
easier, to offer great customer service,”
to stay organized and minimize your
a day at home for a year, I think we can all
Anderson explained.
time.” She also suggested charging an application fee so only serious applicants
agree that white countertops and cabinets were a mistake. Especially those of us with
Now that the city has reached a tier in
move forward, rather than those who are
kids. The wear-and-tear our kitchens expe-
which certain indoor spaces can reopen,
merely shopping around.
rienced over the last year has taken a toll;
actually reopening isn’t as easy as it may
and the more time we spend in our kitch-
seem. Resident building gyms can be re-
As we navigate changing times and a
ens, the more we’re noticing every blem-
served by one household at a time, but that
changing rental market, it’s incredibly
ish. According to Garber, white kitchen
comes at a huge expense—cleaning and
important to stay informed. Take advan-
materials are being replaced with materi-
sterilizing the facility between uses, manag-
tage of everything SFAA has to offer, from
als in richer colors that conceal flaws, like
ing the reservation system, and monitoring
the virtual classes and virtual member
dark blues and greens.
compliance, for example.
meetings (see calendar on page 54) to
As for appliances, kitchen remodels
“We have to be aware of and sensitive to
in the coming years will reflect large
what our owners are comfortable with,
this publication.
26
APRIL 2021 | SF APARTMENT MAGAZINE
Pam McElroy is the editor of SF Apartment Magazine. She can be reached at pam@sfaa.org.
SF APARTMENT MAGAZINE | APRIL 2021
27
With two kitchens, a ballroom, and extensive views of the Bay, this San Francisco gem was the perfect fit for a wine dealer and his family.
Top left: Corey Eckert of Structure Properties; top right: main kitchen; bottom left: shot of formal dining room; bottom right: stone Fu dog guarding the entryway.
28
APRIL 2021 | SF APARTMENT MAGAZINE
Pride of PLACE
w r i t t e n b y K AT H E R I N E T OM W I T H PA M M C E L ROY
Photography by VIVIAN CHU.
SF APARTMENT MAGAZINE | APRIL 2021
29
Wish you had more room to spread out while you shelter in place? This sprawling five-bedroom mansion in Pacific Heights with over 5,000 square feet of living space would be a welcome change of scene. Speaking of scenes—it features in a fun little slice of San Francisco film history. The year was 1971, when Play It Again Sam was being adapted for the screen. Plot twist: a film workers’ strike in New York forced the entire production to relocate the film to San Francisco. According to the owners, 2183 Pacific was used to shoot interior scenes of Diane Keaton’s character Linda’s home. Imagine hosting a movie night in the ballroom—yes, there’s a full-on ballroom on the third floor—band enjoying a classic comedy (rated 97% on Rotten Tomatoes) right where it was filmed!
Host with the Most Top left: Formal dining room. Bottom left: Stone fu dogs guarding the entryway. Right: Brick staircase leading from the ground entryway to the main floor.
The third floor, which houses the ballroom, functions as a multi-purpose, full-service events space and workspace. “The third floor is the coup de grace,” says new resident of the property, Cameron Hughes, founder of de Négoce, an online shop for premium wines. Across from the ballroom is the 350-square-foot home office. “The view of the Bay from the main office is breathtaking.
30
APRIL 2021 | SF APARTMENT MAGAZINE
SF APARTMENT MAGAZINE | APRIL 2021
31
The owners—avid Asian art collectors—purchased the sculptures and antiques overseas and imported them to the United States.
32
APRIL 2021 | SF APARTMENT MAGAZINE
“The view of the Bay from the main office is breathtaking. You can catch yourself just staring out the window for hours,” says Hughes.
plan to have friends and colleagues over to enjoy this space…future dinner parties, lots of wine and cocktail hours, maybe some dancing as well!” But for Hughes, what mainly drew him to rent 2183 Pacific was the expansive wine cellar in the basement. He currently has more than two hundred cases of wine stored in the cellar, and says there’s plenty
You can catch yourself just staring out the window for hours,” says Hughes. Of the ballroom, he says, “With its tall ceilings and huge open space, it’s perfect for gathering my team and going through the hundreds of bulk wines that pass through our purview very month.” The southfacing floor-to-ceiling windows in the ballroom invite an abundance of natural light and lead out to the open and airy four-hundred-square-foot back deck. Off the ballroom is the caterer’s kitchen, complete with a Wolf range and dishwasher; perfect for entertaining or fixing a quiet midnight snack. When indoor socializing is safe and allowed again, Hughes will entertain here. “I
SF APARTMENT MAGAZINE | APRIL 2021
33
of room to store much, much more. He
bedroom and 400 square-foot terrace ad-
describes the space as “priceless” when it
joining the ballroom.
comes to his business.
Neighborhood
While 2138 Pacific Avenue seems to be the
The property has a walkscore of 96
perfect space for Hughes’s family and busi-
(walker’s paradise). Lafayette Park is just a
ness, others who were interested included
couple of blocks away. A quick stroll in the
a foreign consulate seeking to house their
opposite direction brings you to the many
consulate general and use the third floor
shops and restaurants of Fillmore Street,
for official state dinners.
including Blue Bottle, Salt and Straw, Roam
Aesthetically Pleasing Amenities
Burgers, and Noosh.
Fans of Asian art would certainly love the
Property Management
striking sculptures and antiques on display.
2183 Pacific Avenue is managed by Corey
They were all purchased overseas and im-
Eckert, vice president of Structure Proper-
ported to the United States by the owners,
ties. Structure Properties is a full-service
avid collectors who have had the property
property management and leasing com-
for decades. From the stone Fu dogs guard-
pany servicing apartment buildings, single-
ing the entryway to the carved stools in
family homes, and condos. Eckert chose to
the charming little tea nook to the many
feature this San Francisco property because
beautiful pieces of Qinghua porcelain, the
of how “truly unique” it is.
home is filled with treasures that have been acquired over the years. There is an elevator spanning all three floors, but don’t skip the staircase, a wood-paneled architectural stunner with beautiful detailing that you simply don’t see anymore. So many of the original trims and moldings have been lovingly preserved in this classic Victorian. There are even three working fireplaces dotted throughout the home.
Room to Spread Out The Hughes family plans to use the first and second floors as their main living space. They especially enjoy how the warm, wooden accents and original details make the space feel “cozy and spacious at the same time.” The enormous main kitchen on the first floor boasts a built-in Subzero refrigerator, a 9-burner Wolf range, two dishwashers, and a commercial-grade exhaust fan over the stove. The first floor also houses a living room, dining room, main kitchen, breakfast room, and one bedroom. The second floor holds three bedrooms and a family room. In terms of outside space, there is a fun 400-square-foot patio in the front, and several balconies and terraces, including a 250-square-foot balcony off the master
34
APRIL 2021 | SF APARTMENT MAGAZINE
Corey can be reached at (415) 794-0064 or ceckert@structureproperties.com.
TOM & JERRY HOUSE For over thirty years, the owners of this otherwise unassuming two-story house in Castro have transformed their home into a winter wonderland. A 60-foot live Norfolk pine in the front yard is the centerpiece of the exuberant Christmas display, which attracts visitors from all over the Bay Area who come to gape at the 1400 LED lights, complete with trains, a K'Nex ferris wheel, and larger than life gift boxes. The display is so elaborate, it takes an eight-person crew nearly two weeks to set it up. This yearly tradition has been happening for so long that people who visited as children are now bringing their own children. One Yelp reviewer describes the display as "San Francisco at its most flamboyant and excessive.” Last year, one half of the couple known as Tom and Jerry passed away, leaving many wondering about the fate of this beloved San Francisco landmark. According to the San Francisco Chronicle, Tom Taylor spent the final weeks of his life last October planning logistics for 2020’s display and even thinking of ways they could top themselves. So it was a fitting tribute that come December the lights went on as always, perhaps even brighter than ever before.
On the List. Is finding a great service provider on your To-do List? Check out the Professional Services Directory for experienced apartment industry professionals.
56 Starts on page
A refreshingly simple way to manage your properties Residential
Commercial
Affordable
Self Storage
Discover what you can do with intuitive & powerful property management software
Condo/HOA
Breeze
Starting at
$1
Easy setup Property accounting Vacancy & prospect tracking ILS posting Online applications Online payments Online maintenance Email & text communications Walk-in payments with PayNearMe Vendor payments Owner payments & reports Live chat support Renters insurance† Resident screening† Corporate websites† Property websites†
per unit per month*
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Online lease execution†
“
Yardi Breeze is easy to use. Tenant tracking, maintenance requests and online support … I love everything about it!
Customer relationship management
Danielle Drozdek RB Homes, Inc.
Corporate accounting
”
Job cost tracking Rent deferment Rent control Invoice approval & processing Customizable financial statements Menu-level security *Minimums apply
Manufactured
Breeze
Starting at
unit $2 per per month*
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
†Additional fees apply
Get a free, personalized demo to see why thousands of companies choose Yardi Breeze YardiBreeze.com | (800) 866 -1144
SF APARTMENT MAGAZINE | APRIL 2021
35
Food for Thought written by
PA M M C E L ROY
Wondering how you can support your neighborhood restaurants? Laurie Thomas—Executive Director of the Golden Gate Restaurant Association—fills us in below. What started as a personal love of food and a side business venture as a restaurant investor turned into a full career for Laurie Thomas, owner of Nice Ventures, which owns and manages Rose’s Café and Terzo, in San Francisco. Thomas is also the executive director of the Golden Gate Restaurant Association, serves on the board of SF Travel and as an honorary board member for Meals on Wheels of San Francisco, and is a member of the newly convened San Francisco Economic Recovery Task Force.
Pam McElroy: Will outdoor dining and distanced indoor dining be enough to sustain San Francisco restaurants?
Laurie Thomas: With the very tight margins that full-service restaurants have, we really need to get back to normal— meaning back to 100% capacity indoors before restaurants can even start to make any profit. This means no more six-feet social distancing, private dining being allowed again, etc. Many restaurants have lost hundreds of thousands of dollars this past year. Many of them still have a chance only because of the significant federal relief dollars in the form of the Payroll Protection Program round one and now round two, and now the $28.6 billion Restaurant Relief Fund (RRF) that was part of the newest relief bill signed into law by President Biden on March 11.
McElroy: Are restaurants doing anything differently this time around? What was learned before the second closure? Thomas: Many restaurants are taking a more conservative approach to reopening. While San Francisco allowed outdoor dining again on January 28, we waited to reopen our two restaurants until February 10. Of course, part of this was because of the bad rainy weather, but the other part was to be cautious. As of Wednesday, March 24, San Francisco is allowed to operate in the Orange Tier, which takes restaurants to 50%, and allows drinking outside without having to have a meal.
36
APRIL 2021 | SF APARTMENT MAGAZINE
SF APARTMENT MAGAZINE | APRIL 2021
37
McElroy: How have the requirements changed for this second reopening? Are the guidelines clearer?
Francisco where workers have not returned
Terzo, which qualifies for the very small
are still closed or are dying. Large high-end
business size criteria that a lot of businesses
restaurants that relied on tourism and busi-
applied for (having sales in 2019 of $2.5
ness expense dinners are struggling.
million or less). I only received one private grant for $2,000 from Facebook, and I
Thomas: Dr. Susan Philip took
Businesses down in the financial, down-
didn’t receive any San Francisco grants or
over as Acting Health Officer in January
town area and businesses near Union
the California small business grant that was
2021. She has been amazing in working
Square and around the Moscone center
recently announced.
with the business community and with
have suffered the most. There has been
the Office of Economic Workforce
so little foot traffic as offices were mostly
This is because there has been so much
Development (OEWD) to provide
closed and leisure travel has been nonex-
need and so few dollars available for relief,
clear, early information.
istent due to the restrictions and closures.
relative to that need. We did receive Pay-
Hotels, tourist attractions, arts and enter-
roll Protection Program (PPP) round one
On Wednesday, February 24, she and the
tainment venues, and of course cafes and
and round two loans, which have been a
Acting Director of OEWD, Anne Taupier,
restaurants of all sizes are hurting. Also
lifesaver. Without these funds, we would
hosted a very informative webinar that
really hurt are the catering businesses
not be able to operate. Again though,
gave businesses in all sectors (not just
that have not been allowed to operate
these are very document-heavy and have
restaurants) a one-week heads up that we
to do events of any size, and their lunch
a complicated application processes that
were planning (as soon as the state desig-
catering business from local companies
make actually getting the funds (assuming
nates San Francisco County RED) to move
dried up, too.
the programs are funded sufficiently) very
immediately to reopen on March 3. They were also planning to have signage and any new/additional requirements clearly communicated in writing by March 3. For this most recent move into Orange, they also gave a detailed webinar the week before. This advance notice is critical to
McElroy: Do San Francisco
restaurants face any unique challenges or benefits, compared to other major national and international cities?
allow businesses to bring back employees
Thomas: San Francisco has, I think,
and plan to reopen. We are very apprecia-
the only mandated per hour health care
tive of this approach.
spend of a major city. This is the HCSO
McElroy: Is there a restaurant or bar that has been particularly successful in adapting? If so, how? What can we learn from them? Thomas: Not a specific one, but I
ordinance, which mandates this year that businesses with up to one hundred employees (full or part time) spend $2.12 per hour worked for health care, and those with over one hundred employees (full or part time) spend $3.18 per hour worked for health care. Also, we have a minimum
hard to access. The good news is that President Biden put in a two-week pause on the PPP round two to focus on smaller businesses of up to twenty employees. We are seeing that there is still enough funding in the PPP round two to give out loans to businesses that qualify and apply.
McElroy: Will restaurant and
food service employees be required to get vaccinated? Will you require your employees to get vaccinated? What is the general opinion of those in the industry regarding the vaccine?
have seen reports that restaurants that had
wage currently at $16.07 (which will go up
a to-go and/or delivery business model pre-
to $16.32 per hour), which does not allow
Thomas: Super exciting news was as
COVID-19 have done okay. For example,
a tip credit. So all tipped employees get
of Wednesday, February 24: food and agri-
pizza delivery restaurants are doing okay.
the minimum wage plus get to keep tips.
culture workers qualified in San Francisco
And, of course, larger fast-food chains are
We also have a nine day a year (72 hours)
County to start to receive the COVID-19
doing fine, too. Restaurants in the neigh-
sick pay policy that accrues and carries
vaccines. Many sites are now offering sign-
borhoods where people live and are now
forward. I am not saying there is anything
ups online—including private pharmacies
spending more time working will start to
wrong with these policies, except they are
and health care providers, in addition to
do better as we can start to move to more
very costly for employers, particularly for
the citywide sites. Go to sf.gov/get-vac-
indoor dining again.
small business.
cinated-against-covid-19 and look at the
McElroy: Which businesses have struggled the most? Where have you seen the most closures? And why?
McElroy: What has the general experience been for government-issued small business loans or grants?
Thomas: Smaller cafes, coffee
Thomas: Personally, I’ve applied
shops, and lunch places in downtown San
for many for my smaller restaurant,
38
APRIL 2021 | SF APARTMENT MAGAZINE
individual site options. As to your question, it is legally up to the employer to decide and set the policy on requiring employees to get the vaccine in order to work. There definitely needs to be allowances for medical and religious exemptions. We are about a month
SF APARTMENT MAGAZINE | APRIL 2021
39
into our workers having the vaccine avail-
Thomas: We are very hopeful that the Thomas: Unfortunately, not yet. This
able, but so far, most employees and own-
Shared Spaces program will continue, al-
is not a San Francisco decision; this is be-
ers/operators/chefs are very interested in
lowing us to help our restaurants and retail
ing governed at a state level. I know there
signing up and getting vaccinated.
spaces have a better chance at survival, and
are many conversations on this, but we just
allowing us to help our city appeal to tour-
don’t know when smaller conventions, let
ists as well. We are also hopeful that the cap
alone citywide ones, will be allowed again.
McElroy: The San Francisco
Chronicle reported that a group of restaurants are suing the city over permit fees. Can you tell us more about this?
Thomas: I have heard it is one or two restaurant owners, but I am not aware of who it is. We, the Golden Gate
on delivery application commission fees charged to restaurants will continue.
McElroy: As a restaurant owner, what has been the biggest problem you’ve faced? What has been your biggest success or innovation?
McElroy: What advice do you have for restaurants trying to stay afloat right now? Thomas: Get as much financial help as you can—apply for the Payroll Protection Program and the ERTC credits, apply for the
Restaurant Association (GGRA), are
Thomas: Trying to make money to
definitely not involved. I don’t believe
help us stay in business and cover all our
San Francisco loan programs as they con-
lawsuits are the right approach to solve
costs. It has been exceedingly difficult
tinue to be available, and apply for the RRF
most problems.
to get grant money and even the Payroll
grant from the Federal government when
Protection Program was really hard to get
that becomes available. Keep your spend-
The good news is that a lawsuit was not
approved for. Restaurants need cash to be
ing as low as possible. Make sure you fol-
needed. As of Tuesday, February 23, the
able to order food, beverages, pay their util-
low the health directives. Encourage your
Board of Supervisors unanimously ap-
ity bills, and—most importantly—to bring
staff to get vaccinated as soon as possible.
proved a fee relief package that waives
back employees and make payroll.
the fees for restaurants and other affected
state’s $25,000 grant program, apply for the
McElroy: Is there anything you would like to communicate to commercial landlords? Patrons?
businesses with up to $25 million in 2019
The most impactful change that we did
gross receipts for all of the unified license
was the Shared Spaces. There really hasn’t
fees (the invoice of all fees due a restau-
been any big “a-ha!” innovation. I think
rant or business) and the business regis-
the biggest success is the ability to keep
Thomas: To landlords: Please
tration fees for 2020.
operating—opening your doors each day
work with your restaurant tenants. I know
and bringing back as many employees as
many of us received some rent relief from
you can.
landlords last year, but we’ve been hit
McElroy: What are your
thoughts on the newly proposed permanent zoning for open containers and parklets?
Thomas: We are so supportive of making these shared spaces more permanent. We’ve been participating
McElroy: With new COVID variants coming to the United States, do you think there could be a third closure? What would that do to the industry?
again. Realize you are in partnership with us and that it will take a long time for financial recovery. To patrons: Please be patient with us. We need you to put on your mask whenever staff approaches your table. If you are
for weeks in discussions around out-
Thomas: We are hoping the ability to
standing issues on this program. We
get as many of our employees vaccinated as
dine at home. Please follow the guidelines
are supportive of Senators Wiener and
soon as possible will be key to preventing a
to leave on time when there is a curfew.
Dodd’s legislation on the open contain-
third closure. None of us can handle a third
Please follow guidelines by not standing
ers and to-go alcoholic beverages. We are
closure—not the operators or the staff. It
up while drinking, and not congregating
so excited that the Mayor, along with co-
would seriously mean so many of us would
in groups in the parklets, inside restau-
sponsors Supervisors Mandelman, Safai,
not be able to reopen our doors again. We
rants, or in bar areas.
Stefani, and Haney introduced on March
are just hopeful that people will continue to
16 legislation for the Shared Spaces pro-
wear masks when out dining, practice safe
gram to become permanent.
sanitization, and practice social distanc-
McElroy: Are there any other design or service elements that were implemented as a result of COVID-19 that you think will continue after we return to normalcy? 40
APRIL 2021 | SF APARTMENT MAGAZINE
ing—even after receiving the vaccines—until we understand if a booster shot will be required, or how the variants will impact us.
McElroy: Is there any word of conventions returning to the city?
not up for that, please order takeout and
McElroy: What advice do you
have for commercial renters at this time?
Thomas: Work with your landlords if you need relief and help. Pam McElroy is the editor of SF Apartment Magazine.
JUST LISTED BY THE BONN/WEBB TEAM 1040 ASHBURY ST ASHBURY HEIGHTS 9 Units 9 Car Parking Views Decks Fireplaces $4,850,000
1900 PAGE ST HAIGHT ASHBURY 9 Units 1 Car Parking Rarely Available Trophy Property Grand Apartments Huge Penthouse Unlimited Potential
Call us for a FREE and confidential valuation of your property or to consult about your real estate needs.
Mark Bonn
Mirella Webb
Managing Director
Senior Investment Advisor
415.225.8658 mark.bonn@compass.com lic.: 01008844
415.640.4133 mirella.webb@compass.com lic.: 01409540 www.bonnwebbteam.com
Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527235. All materials presented herein is intended for informational Purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any descriptions. This is not intended to solicit property already listed.
COMMERCIAL
$5,350,000
SF APARTMENT MAGAZINE | APRIL 2021
41
The News… continued from page 10
Breed and City Administrator Carmen Chu. The nonprofit was established in 1961 and has distributed early $400 million to hundreds of nonprofit arts and culture organizations in San Francisco, according to its website, sfg fta.org. In addition to being a city supervisor, Brown’s experience includes metalwork sculpting, fighting for equity for arts programming in underserved neighborhoods, and many years in City Hall.
SFAA Updates Annual SFAA Trade Show: SFAA’s annual trade show will take place on June 17 this year. The event will be jam-packed with important and timely information for San Francisco rental property owners.
Ways to Connect.
Attendees will learn about all the latest legislation, trends, products, and services regarding the local multi-unit housing industry. For more information, turn to page 65.
During the pandemic, email SFAA at MemberQuestions@ sfaa.org to have your questions and concerns promptly addressed, or call the office at 415-255-2288. You can also follow the happenings of your fellow SFAA members and find out the latest in the industry by connecting with SFAA on Facebook. Search San Francisco Apartment Association and “Like” it to add it to your news feed. Follow SFAA on Twitter at www.twitter.com/SFAptAssoc.
To sponsor the event, contact vanessa@ sfaa.org. Look for date, time, and registration information at www.sfaa.org and in the May issue of the magazine. As SFAA pivots to provide you services during the pandemic, there is a new way to connect with SFAA. Email MemberQuestions@sfaa.org to have your questions and concerns promptly addressed. While the SFAA office is closed, SFAA staff is working round-the-clock to keep the nonprofit running. Timely payment of
•
Email SFAA at MemberQuestions@sfaa.org
•
Connect with SFAA on Facebook.
•
Follow SFAA on Twitter at www.twitter.com/SFAptAssoc.
membership dues is necessary to help the association help you. SFAA classes will be available online during shelter-in-place. The San Francisco Apartment Association is happy to announce that current CCRM students can continue their education during the pandemic right from home. We understand keeping up education is crucial and want to assist our members to stay up to date. Thus we will be setting up more webinars in the future. See the calendar on page 54 for a full list of classes.
42
APRIL 2021 | SF APARTMENT MAGAZINE
SF APARTMENT MAGAZINE | APRIL 2021
43
COLUMN
SURREAL ESTATE
Uncivil Civics w r i t t e n b y J U S T I N A . G O O DM A N
When basic civics no longer helps us, our civility can advance our cause.
W
could demonstrate a hardship).
e all learned basic civ-
the means, because there is no “right”
ics in high school. The
law that would come about faster if not
The pair of bills was almost laughably
legislature writes the
for all the pesky checks and balances.
prohibited by the Ellis Act. But the city
laws, the executive
Instead, the checks and balances are the
new that. It was merely trying to slow
enacts them, and the judiciary interprets
virtue, as they continuously create and
the transition of affordable rent-con-
them. Each part checks and balances
course correct, trending toward ever
trolled housing to owner-occupied hous-
the others. San Francisco sees an over-
“righter” laws.
ing with the only tool at its disposal—a law destined to be unlawful.
excited need to regulate, so throw in another check of state preemption on local
Unfortunately, while the pandemic
law. But at its basic level, the separation
accelerated the creation of new laws,
Campos I and II lost in the Court of Ap-
of powers maintains the rule of law to
it also suspended access to the courts
peal but won on the streets. The Rent
allow us to order our affairs—our invest-
to question them. And with the basic
Board annual eviction reports show
ments, our habits, our hobbies, our daily
rules of checks and balances shifted,
more than an 80% increase in Ellis Act
lives—around the predictability and
the game changes. The players can
termination year over year for 2013 and
safety of our rights and protections.
deploy a strategy that flouts checks and
2014, with a sudden drop of 46% for
balances to achieve their goals without
2015, before increasing again in 2016—
Not every branch gets it right every time.
ever facing an answer to the question
mere months after the superior court
(Depending on your politics or your
of whether the goals were proper in
invalidated Campos II. (For comparison,
luck in litigation, you may find the suc-
the first place. In a crisis, basic civics is
owner and relative move-in evictions
cess rate rather low.) But on balance, our
decidedly less civil.
were unaffected and they increased significantly over all four years.)
state and local governments have kept us safe and successful.
Of course, while this distortion is happening faster and more often right now,
While the effective lifespan of these
But of course, the pandemic revealed
it’s nothing new. San Francisco ad-
laws wasn’t long (Campos II took effect
so many of our weaknesses—in safe-
dressed its famous distaste for the Ellis
on June 15, 2015, and by October 7, it
guarding our essential employees, in
Act with a 2014 ordinance, sponsored
was invalidated), they had an observ-
having a comprehensive nationwide
by then-Supervisor David Campos, to
able, distortive effect on the exercise of
response to global health threats, in
require that landlords pay a 24-month
the Ellis Act. But politics aside, this is
pivoting from home-sized to industrial
“rental rate differential,” to subsidize
just the inevitable ebb and flow that the
toilet paper roles. As every branch, at
displaced tenants facing market rents, as
separation of powers operates in.
all levels of government, moved quickly
a condition of exercising their state law
to react to the unprecedented, they had
right to go out of business.
During the pandemic, however, laws bloom and wither before they can be
little time to consider the legal tenabilSan Francisco landlords and trade as-
pruned. San Francisco enacted its first
sociations, including SFAA, successfully
emergency ordinance to freeze rent
Or maybe they knew exactly what they
challenged the ordinance in both state
increases on April 21, 2020. An emer-
were doing. There’s no conspiracy
and federal courts. But mere months
gency ordinance only takes one read-
theory here, merely our hardworking
later, while appeals were pending,
ing at the Board of Supervisors (not
public servants trying to do the best
Supervisor Campos did it again! The col-
two) and it is effective immediately
they could for us, to uphold their oath in
loquially known “Campos II” graciously
upon passage by the Board (not 30 days
times that have tested our collective san-
limited the payment to $50,000.00 per
after the Mayor signs it). At least, that’s
ity. But the ends necessarily can’t justify
rental unit (or potentially less if the
what our Charter says.
ity of their actions.
44
tenant was market rate or the landlord
APRIL 2021 | SF APARTMENT MAGAZINE
A one-stop-shop for all your apartment maintenance needs. Put the most experienced apartment remodeling crews in the city to work for you. el
od em nr
e ch kit
t ba
de
s ck
/
od em nr
e ch kit
e ch kit
el
m oo hr
el
el
od em nr
el
od rem
om ro
od rem
th ba
g pin s ca d lan
on ati or t s e rr rio
te
ex
s ell rw tai s d
uil reb
ll pa es t e r nc co air p re
Craig has over 30 years’ experience owning, managing and renovating apartment buildings in the city. • Kitchen and bathroom renovations
• Interior and exterior painting
• Back stairwell repairs and replacement
• Exterior restoration, repair failed concrete
• Electrical service upgrades
• Fencing, decks and rear landscaping
• Section 604 certification
• Upgrade common areas
• Sidewalk repairs and replacement
• Vacancy turnover
• Fire alarm system upgrades
• Replace windows and doors
*** Pay from your cash flow. Offering 6 month interest-free financing on remodels! *** Craig Lipton 415.305.7506 lipton@mavenmaintenance.com www.mavenmaintenance.com licensed and insured gc license 881403 The original apartment Maven.
SF APARTMENT MAGAZINE | APRIL 2021
45
sfaa sfaa 2021 What You Need to Know
The first rent freeze ordinance says it was effective retroactively to April 7, and that it was effective immediately upon “enactment” (i.e., being signed by the Mayor on April 24) not upon “passage” (on April 21). If you’re not confused yet, it won’t be for long, because emergency ordinances expire 61 days after “passage.” But… does that mean June 7, June 21, or June 24? Don’t worry. The Board will just “re-enact” the freeze to bring consistency to the uncer-
2021 SFAA UPDATES
tainty, by passing the re-enactment on…
UPCOMING CLASSES
the law? No time to worry about that ei-
During the pandemic, the monthly SFAA member meetings and classes will be held virtually. For member meeting topics and schedules, go to www.sfaa.org. For a list of virtual SFAA classes, turn to the calendar on page 54.
ment through October 5 when landlords
July 7? So, was there a one-month gap in ther, because there was one more re-enactcould increase the rent again. The emergency ordinances ended there, and without challenge, but the result
VIRTUAL MEMBER MEETINGS WEDNESDAY, APRIL 21 1:00 pm WEDNESDAY, MAY 19 9:00 am
wouldn’t have been much of a surprise, because the Supreme Court told California cities in the mid-1970s that the one thing they had to do for constitutional rent control laws was to allow for inflation! So now, the city was playing whack-a-mole with the legislative process, but who was going to challenge these laws? They were set to expire the minute they passed (even if it
SFAA’S 2021 TRADE SHOW The June 17 event will be jam-packed with important and timely information for San Francisco rental property owners. To sponsor the event, contact Vanessa Khaleel at vanessa@sfaa.org. Look for date, time, and registration information at www.sfaa.org and in the May issue of the magazine.
wasn’t clear what day those minutes started ticking), and the freeze cost most landlords tens of dollars, not thousands. Back then, you couldn’t demand rent in any amount, so the essential challenge was against “Preston I,” an ordinance that simply eliminated nonpayment of rent during
SFAA OFFICE CLOSURE The SFFA office will remain closed during the shelter-in-place mandate. However, SFAA staff is working round-the-clock to keep the nonprofit running. Timely payment of membership dues is necessary to help the association help you. Email MemberQuestions@sfaa.org to have your questions and concerns promptly addressed.
the pandemic as a just cause for eviction. SFAA challenged the law for violating the unlawful detainer statutes (which uncontroversially authorize evictions when tenants don’t honor the basic bargain of their rental agreement by paying rent). The trial court denied the petition, and while SFAA was seeking review in the Court of Appeal, the lawsuit was mooted (for all practical purposes) with AB 3088. As of September 1, 2020, the state occupied the field of laws enacted in response to the COVID-19 pandemic to protect
San Francisco Apartment Association
tenants from evictions. It imposed a qualified suspension of all nonpayment of rent
265 IVY STREET | SAN FRANCISCO, CA | 94102 | PHONE 415-255-2288 | FAX 415-255-1112 Surreal Estate… continued on page 64
46
APRIL 2021 | SF APARTMENT MAGAZINE
Why is DST Real Estate a Popular 1031 Exchange Option? Just Ask a Few California Landlords. A 1031 Exchange into DST real estate helped these landlords meet their objectives. By selling their rental property and investing in three institutional-grade DST properties, they avoided paying 42.1% in gains tax while increasing income potential, diversifying risk, and eliminating active property management.
Before 1031: Landlords
After 1031: DST Property Investors
Sold Rental Property. Performed a 1031 Exchange. Deferred $423K in gains tax.
Invested in 3 passive management 1031 DST properties with monthly income potential.
Whole Ownership Rental Property
Fractional Ownership in Institutional DST Properties
Example and pictures are for illustrative purposes only and are intended to show types of institutional properties that DST Sponsors seek to own. It does not constitute open or closed offerings. Individual results may vary.
Download your FREE Guide at
re-transition.com/sfaa
Learn about 1031 Exchange DST Real Estate
About Real Estate Transition Solutions
1031 EXCHANGE
INVESTING IN
DELAWARE
STATUTORY TRUSTS
Presented by REAL ESTATE TRANSITION SOLUTIONS
For over 20 years, Real Estate Transition Solutions has helped investment property owners perform successful 1031 Exchanges by developing and implementing well-planned, tax-efficient transition strategies that seek to meet both their financial and lifestyle objectives. To learn more about 1031 DST property investments and fractional real estate ownership, call Real Estate Transition Solutions at 415-691-6525. This is for informational purposes only, does not constitute as investment advice, and is not legal or tax advice. Please consult the appropriate professional regarding your individual circumstance. There are material risks associated with investing in DST properties and real estate securities including liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. DST 1031 properties are only available to accredited investors (typically have a $1 million net worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last three years) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney. Real Estate Transition Solutions offers securities through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory services through Concorde Asset Management, LLC (CAM), an SEC-registered investment adviser. Real Estate Transition Solutions is independent of CIS and CAM. The company depicted in the photographs herein may have proprietary interests in their name and trademark. Nothing herein shall be considered an endorsement, authorization or approval of RETS, CIS, and CAM or the investment vehicles they may offer, of the aforementioned company. Further, none of the SF APARTMENT MAGAZINE | APRIL 2021 aforementioned company is affiliated with RETS, CIS, and CAM in any manner.
47
COLUMN
SACRAMENTO REPORT
Rent Relief Debrief w r i t t e n b y DE B R A C A R LT O N
After more than a year of rent uncertainty, rental property owners can receive funds for back rent.
I
an emergency meeting, the council suspended virtually all evictions in the state, basically inviting tenants to withhold rent without consequences. The
t has now been more than a year
including San Francisco, San Jose, Sac-
council’s Rule 1, as it would come to be
since the COVID-19 pandemic
ramento, Los Angeles, and San Diego.
known, would allow evictions only to
shut down the economy and
Many more would follow.
resolve threats to health and safety, a standard that was difficult, if not impos-
upended American life. Later that month, Governor Gavin New-
sible, for many landlords to meet.
Since then, hundreds of thousands of
som gave cities and counties his blessing
Americans have died, shelter-in-place
to pass such policies, issuing an execu-
For several months, CAA urged Judicial
orders have gone in and out of effect
tive order clarifying that they had the
Council members to revise their eviction
enough times to induce whiplash, the
authority to temporarily ban evictions
rule to be more consistent with New-
stock market has tanked and rebounded
for nonpayment of rent when COVID
som’s order. CAA’s suggestions sought to
to record highs, and COVID-19 infection
was to blame.
preserve the council’s goal—protecting tenants from unnecessary evictions dur-
rates have spiked and dropped only to The California Apartment Association,
ing the pandemic—while still allowing
meanwhile, worked to ensure that any
landlords to terminate tenancies when a
In a year with few constants, California
local eviction bans were reasonable
set of justifiable circumstances exist.
landlords and tenants could count on
for both rental property owners and
spike and drop again.
one thing: evictions would be few and
tenants. At the same time, CAA continu-
Rule 1, however, would remain in effect
far between during the pandemic.
ally pushed for local, state, and federal
for most of the summer.
funding to help renters and landlords who’d lost income due to the pandemic,
In August, the Judicial Council voted
a statewide eviction moratorium tied
although it would take months for sig-
to allow the courts to start process-
to the virus. The latest moratorium,
nificant results to materialize.
ing eviction cases again the following
To this day, California remains under
month. That decision came with the
which comes from Senate Bill 91, differs from earlier measures because
Shortly after authorizing local evic-
expectation that the Legislature and
it includes rental assistance to pay
tion restrictions, the governor took the
governor would find a replacement for
landlords who’ve gone months without
matter into his own hands. He issued a
Rule 1 by month’s end.
compensation.
second order, creating a statewide eviction moratorium for COVID-impacted
A few proposals came to the surface.
That’s a big change. Early in the crisis,
renters. His order also prohibited en-
One of them, AB 1436 by Assembly-
California governments made the evic-
forcement of evictions by law enforce-
member David Chiu, caused particular
tion moratorium a go-to policy, but help
ment or courts. This measure would
concern. The San Francisco Democrat’s
for landlords was conspicuously miss-
last through May.
proposal would have forced landlords to defer rents until 15 months after a state
ing. City councils, boards of supervisors,
48
the state legislature, the governor—and
But in early April, while the Legisla-
even the judiciary—got in on the action.
ture was in recess, California’s Judicial
or local state of emergency was lifted.
Council got involved, passing a rule that
In California, states of emergency can
By mid-March 2020, several major cities
went further than Newsom’s order or
linger for years—take the emergency
in California had imposed such orders,
anything done at the local level. During
declarations tied to the Wine Country
APRIL 2021 | SF APARTMENT MAGAZINE
NRT SA
LE
SEBASTOPOL LEASED INVESTMENT
FO
R
Leased Professional Office Building for Sale Pride of Ownership asset Five Offices-1 Acre of Land Easy management at a 5.77% Cap Rate Asking $3,500,000
PE SA N LE D IN G
240 ELSIE AVENUE, SAN LEANDRO, CA Leased Commercial Investment or Future Owner User Excellent visibility and close to Downtown and Bart Station Priced at $600,000
R
SA
LE
NOB HILL OPPORTUNISTIC INVESTMENT
FO
10 Large Apartments Built in 1984 as Condos 14,000 Square Feet plus Parking Call for Pricing
PE SA N LE D IN G
SHOPS AT MAGNOLIA ADD Value Investment Opportunity Rarely Available Larkspur Retail Strip Center/ Development Potential Located between College of Marin Campus and Marin Health Medical Center
PLEASE CONTACT US FOR MORE INFORMATION:
STEVEN CARAVELLI
Senior Commercial Associate 415.229.1367 Steven.Caravelli@cbcnrt.com California DRE License #00879834
KEVIN CARAVELLI
Sales Associate 415.229.1288 Kevin.Caravelli@cbcnrt.com California DRE License #01988049
100% Committed to Long-Term Client Relationships
We recognize the long-term value of mutually beneficial relationships far outweighs the short-term value of any particular transaction. © 2021 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial SF APARTMENT MAGAZINE | APRIL 2021 Affiliates. Each sales representative and broker is responsible for complying with any consumer disclosure laws or regulations.
49
50
APRIL 2021 | SF APARTMENT MAGAZINE
SF APARTMENT MAGAZINE | APRIL 2021
51
wildfires, for example. CAA organized a
To qualify for eviction protections under
If the landlord refuses this arrangement,
successful grassroots opposition cam-
AB 3088, tenants had to claim a COVID
the maximum subsidy drops to 25%.
paign to AB 1436, which the associa-
hardship by signing and returning a decla-
tion termed the “free rent” bill. Like the
ration. High-income tenants, those making
As of this writing, CAA was working to
Judicial Council’s Rule 1, it would have
130% of the area median income, had to
secure additional federal dollars to help
encouraged unscrupulous tenants to
provide documentation of their COVID-
cover unpaid rent between April and
withhold rent without consequence—for
related hardship.
June of this year.
months or even years. To stay protected against eviction, tenants
To qualify for the federal dollars, the un-
Another piece of legislation offered a better
would have to start paying something.
paid rent must be owed by a tenant who
but more expensive solution. The bill, SB
Under AB 3088, they were given until Janu-
earned less than 80% of the area median
1410, would have leveraged dollars from
ary 31, 2021, to pay at least 25% of the rent
income in 2020 or at the time of applica-
the State of California to cover 80% of un-
owed since September. The remaining 75
tion. The state must first prioritize dollars
paid rent from COVID-impacted tenants.
percent was not forgiven, however.
for lower-income tenants—those earning up to 50% of AMI.
For landlords to receive the money, they would need to agree to forgive the remain-
By late 2020, COVID cases were again
ing 20% of rental arrears. This legislation
on the rise. It became clear that AB 3088
Like AB 3088, SB 91 is not perfect, as it
proved too costly to move forward, al-
would need an extension. At the same time,
doesn’t address situations in which ten-
though elements of the bill would resurface
California’s landlords could no longer keep
ants make more than 80% of AMI but still
several months later.
housing tenants without compensation.
cannot pay, or cases in which the tenant
By mid-August, the California Apartment
Any renewal or replacement of AB 3088
Association was engaged in almost nonstop
needed to include dollars for unpaid rent.
negotiations with the governor’s office and
Again, CAA engaged in almost nonstop
As of now, SB 91 is the state’s answer to the
leadership in the Senate and Assembly. The
negotiations, this time through the Christ-
rental housing element of the COVID-19
challenge was to craft legislation that would
mas and New Year’s holidays straight
crisis. And if the past year is any indication,
keep COVID-affected tenants housed, al-
through January.
it won’t be the last.
havoc at their properties, and ensure that
Remember SB 1410, the bill that would
The California Apartment Association has
rental owners would start collecting rent
have paid 80% of unpaid rent with state
published a plethora of compliance infor-
again on a reasonable timetable.
dollars? While the price tag was too high in
mation on COVID-19 Tenant Relief Act.
August 2000, in January 2021 it was a differ-
Learn more at caanet.org/ctra.
simply won’t cooperate or communicate with the landlord.
low landlords to evict tenants who wreak
The result was AB 3088, or the COVID-19
ent story. Late last year, Congress passed a
Tenant Relief Act of 2020. On August 31,
COVID-19 stimulus bill with $25 billion for
lawmakers rushed to pass AB 3088 amid
rental assistance—and $2.6 billion of it was
dual deadlines. The 2019-2020 legislative
heading to California.
Debra Carlton is the California Apartment Association’s executive vice president of state public affairs.
session would expire that day at midnight, and the Judicial Council’s moratorium on
Just a few days before AB 3088 would ex-
unlawful-detainer cases would lapse at
pire, the California Legislature passed and
midnight Tuesday, September 1.
Gov. Newsom signed SB 91. This legislation keeps the eviction protections of AB 3088
The bill passed both houses of the Legisla-
in effect through June 2021. While it gives
ture with a super majority and bipartisan
tenants another five months to pay the 25%
support. The governor signed it into law
of rent owed since September 2020, it also
almost immediately.
includes government funding to compensate landlords who have gone unpaid dur-
Under AB 3088, landlords regained the
ing the pandemic.
Be On Your A Game.
ability to proceed with eviction cases against tenants who cause problems at the
With SB 91, the state will use federal funds
property, such as by causing nuisances or
to pay landlords up to 80% of a tenant’s
threatening their neighbors. The bill also al-
back rent accumulated between April 1 of
lowed owners to terminate the tenancies of
last year and March 31, 2021. A landlord
renters who had the ability to pay rent but
who accepts the money will have to forgive
refused to do so.
the remaining unpaid rent for that period.
52
APRIL 2021 | SF APARTMENT MAGAZINE
Sign up for SFAA classes at www.sfaa.org or by calling 415-255-2288.
sf.0219.rentals-in-sf.pdf
1
2/6/19
7:16 AM
Landlord & Leasing Agent, A Winning Combo. C
M
Y
CM
MY
CY
CMY
K
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
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
SF APARTMENT MAGAZINE | APRIL 2021
53
sfaa 2 2021calendar
sfaa
April
MONDAY, APRIL 5 Board of Directors Mtg. 11:30 a.m.
WEDNESDAY, APRIL 7 Lunch & Learn Maintenance Requests Webinar Zoom Webinar System 12:00 p.m. to 1:00 p.m. Members $40 Non Members $75
WEDNESDAY, APRIL 14 Lunch & Learn Complaints Webinar Zoom Webinar System 12:00 p.m. to 1:00 p.m. Members $40 Non Members $75
WEDNESDAY, APRIL 21 Virtual Member Meeting Tenant-Attorney Panel 9:00 p.m.
WEDNESDAY, APRIL 28 Lunch & Learn ESA vs Pets Webinar Zoom Webinar System 12:00 p.m. to 1:00 p.m. Members $40 Non Members $75
SFAA MEMBER MEETINGS WILL BE HELD VIRTUALLY UNTIL FURTHER NOTICE DUE TO COVID-19. FOR TOPICS AND SCHEDULES, VISIT SFAA.ORG.
WEDNESDAY, APRIL 21 Lunch & Learn Hoarding Webinar Zoom Webinar System 12:00 p.m. to 1:00 p.m. Members $40 Non Members $75
May MONDAY, MAY 3 Board of Directors Mtg. 11:30 a.m.
WEDNESDAY, MAY 5 Lunch & Learn Smoking Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $40 Non Members $75
TUESDAY, MAY 11 Managing Tenants to Avoid Liability Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $65 Non Members $95
WEDNESDAY, MAY 12 Lunch & Learn Customer Service Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $40 Non Members $75
WEDNESDAY, MAY 19 Virtual Member Meeting City Agencies Update 9:00 a.m.
WEDNESDAY, MAY 19 Lunch & Learn Decrease in Housing Petitions Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $40 Non Members $75
THURSDAY, MAY 20 Avoiding Costly Habitability Lawsuits Webinar Zoom Webinar System 1:00 p.m. to. 2:00 p.m. Members $65 Non Members $95
WEDNESDAY, MAY 26 Lunch & Learn 30-Day Acknowledgement Letter Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $40 Non Members $75
THURSDAY, MAY 27 Legal Structures for Property & Related Tax Impact Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $65 Non Members $95
FRIDAY, MAY 28 Understanding Rent Relief Law Webinar Zoom Webinar System 10:00 a.m. to. 11:00 a.m. Members $65 Non Members $95
54
APRIL 2021 | SF APARTMENT MAGAZINE
join online at sfaa.org or call 415.255.2288
2021 join online at sfaa.org or call 415.255.2288
SAN FRANCISCO’S
RENT BOARD FEE
$25.00
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. This fee is billed to the landlord each year on the property tax statement sent in November, but the law permits landlords to collect a portion of the Rent Board fee from those tenants in occupancy as of November 1 of each year. A landlord is allowed to collect 50% of the cost of the fee from the tenant. If you have not collected Rent Board fees in the past, you can collect back to 1999. ALLOWABLE RENT BOARD FEE COLLECTABLE FROM TENANTS 2020-2021
$25.00
2019-2020
$25.00
2018-2019
$22.50
2017-2018
$22.50
2016-2017
$20.00
CAPITAL IMPROVEMENTS
SFAA’S
TENANT SCREENING SERVICE
The capital improvement interest rates for 3/1/21 through 2/28/22 are listed below:
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
AMORTIZATION
INT. RATE
MULTIPLIER
7 YEARS
0.8%
.01225
10 YEARS
1.0%
.00876
15 YEARS
1.2%
.00607
20 YEARS
1.4%
.00478
INTEREST ON DEPOSITS 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. INTEREST ON DEPOSITS PERIOD
AMOUNT
03/01/21 - 02/28/22
0.6%
03/01/20 - 02/28/21
2.2%
03/01/19 - 02/29/20
2.2%
03/01/18 - 02/28/19
1.2%
03/01/17 - 02/28/18
0.6%
2015-2016
$18.50
2014-2015
$18.00
03/01/16 - 02/28/17
0.2%
2013-2014
$14.50
03/01/15 - 02/29/16
0.1%
2012-2013
$14.50
03/01/14 - 02/28/15
0.3%
2011-2012
$14.50
03/01/13 - 02/28/14
0.4%
2010-2011
$14.50
03/01/12 - 02/28/13
0.4%
2009-2010
$14.50
03/01/11 - 02/29/12
0.4%
2008-2009
$14.50
2007-2008
$13.00
2006-2007
03/01/10 - 02/28/11
0.9%
03/01/09 - 02/28/10
3.1%
03/01/08 - 02/28/09
5.2%
$11.00
03/01/07 - 02/29/08
5.2%
2005-2006
$10.00
03/01/06 - 02/28/07
3.7%
2004-2005
$11.00
2003-2004
$21.50
2002-2003
$21.50
CONTACT THE SAN FRANCISCO RENT BOARD FOR MORE INFORMATION
415-252-4600 sfgov.org/rentboard
ALLOWABLE RENT INCREASES
2021 – 2022: .7%
Effective March 1, 2021, through February 28, 2022, the allowable annual rent increase is .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. ALLOWABLE RENT INCREASES PERIOD
AMOUNT
03/01/21 - 02/28/22
.7%
03/01/20 - 02/29/21
1.8%
03/01/19 - 02/29/20
2.6%
03/01/18 - 02/28/19
1.6%
03/01/17 - 02/28/18
2.2%
03/01/16 - 02/29/17
1.6%
03/01/15 - 02/29/16
1.9%
03/01/14 - 02/28/15
1.0%
03/01/13 - 02/28/14
1.9%
03/01/12 - 02/28/13
1.9%
03/01/11 - 02/29/12
0.5%
03/01/10 - 02/28/11
0.1%
03/01/09 - 02/28/10
2.2%
03/01/08 - 02/28/09
2.0%
03/01/07 - 02/29/08
1.5%
03/01/06 - 02/28/07
1.7%
SAN FRANCISCO RENT BOARD 25 Van Ness Avenue #320 San Francisco, CA 94102 415-252-4600 www.sfgov.org/rentboard
CONTACT THE SAN FRANCISCO RENT BOARD FOR MORE INFORMATION
415-252-4600 sfgov.org/rentboard
& information SF APARTMENT MAGAZINE | APRIL 2021
55
sfaa professional
services directory 1031 TAX DEFERRED EXCHANGE SERVICES
FIRST AMERICAN EXCHANGE COMPANY 415-244-1339 www./firstexchange.com/ HERITAGE CAPITAL ADVISORS Eric Scaff 415-834-1031 www.heritagecap.com LAWYERS EQUITY EXCHANGE Brian Fogarty 415-701-1234 www.lex1031.com REAL ESTATE TRANSITION SOLUTIONS Austin Bowlin (206) 686-2211 aabowlin@re-transition.com
ACCOUNTANTS
SHWIFF, LEVY & POLO LLP Elizabeth Shwiff 415-291-8600 x232 www.slpconsults.com
ALARM COMPANY
AEC ALARMS Stephanie Chen 408-298-8888 Ext: 121 sc36@aec-alarms.com
ARCHITECTURE
OPENSCOPE STUDIO ARCHITECTS Mark Hogan 415-891-0954 www.openscopestudio.com Q ARCHITECTURE Dawn Ma www.que-arch.com
415-695-2700
ASSOCIATIONS
PROFESSIONAL PROPERTY MANAGEMENT ASSOCIATION Renee A. Engelen www.ppmaofsf.org renee@hrhrealestate.com
ATTORNEYS
BARTH CALDERON, LLP Paul Hitchcock Paul@barthattorneys.com
415-577-4685
BORNSTEIN LAW Daniel Bornstein, Esq. www.bornstein.law
415-409-7611
CHONG LAW Dolores Chong
56
415-438-7807
APRIL 2021 | SF APARTMENT MAGAZINE
DENNIS C. HYDE Dennis C. Hyde hydelaw@pacbell.net
415-753-3811
DOWLING & MARQUEZ, LLP Jak S. Marquez 415-977-0444 x232 www.dowlingmarquez.com FRANK KIM ESQ., EVICTION ASSISTANCE Jo Biel 415-752-6070 FISHER & PHILLIPS, LLP Jason Gellar www.fisherphillips.com
415-490-9020
FRIED & WILLIAMS LLP Clifford E. Fried www.friedwilliams.com
415-421-0100
GOLDFARB & LIPMAN LLP Erica Williams 510-836-6336 eorcharton@goldfarblipman.com goldfarblipman.com GOLDSTEIN, GELLMAN, ET AL, LLP Brett Gladstone 415-673-5600 x 238 www.g3mh.com HERZIG & BERLESE Barbara Herzig bherzig@hbcondolaw.com
415-861-8800
ILENE M. HOCHSTEIN, ATTORNEY AT LAW Ilene Hochstein (650) 877-8288 ilene@hochsteinlaw.net JACOBSON LAW PC Isaac@jacobsonlawsf.com 415-421-0100 KAUFMAN, DOLOWICH, VOLUCK Ashley Klein 415-926-7612 aklein@kdvlaw.com LAW OFFICES OF FRANCISCO GUTIERREZ Francisco Gutierrez 415-805-6508 francisco@gtzlegal.com LAW OFFICE OF MICHAEL HEATH Michael Heath 415-931-4207 Mheath_law@sbcglobal.net LAW OFFICES OF DENISE A. LEADBETTER Denise Leadbetter 415-713-8680 www.leadbetterlaw.com LAW OFFICES OF SCOTT T. OKAMOTO Scott T. Okamoto 415-766-5871 www.scottokamotolaw.com LAW OFFICES OF DANIEL PICCININI Daniel Piccinini 415-345-8610 danielpiccinini@att.net
LAW OFFICE OF JULIANA E. PISANI Juliana Pisani 415-800-7562 Juliana@jpisanilaw.com LAW OFFICES OF LAWRENCE M. SCANCARELLI Lawrence M. Scancarelli 415-398-1644 www.sfrealestatelaw.com THE LAW OFFICE OF ED SINGER Edward Singer 650-393-5862 www.edsinger.net
LAW OFFICE OF KEVIN P. GREENQUIST Kevin Greenquist 415-977-0444x234 www.ztalaw.com MASTROMONACO REAL PROPERTY LAW GROUP Leonard Mastromonaco 415-354-2702 len@mastrolawgroup.com MCLAUGHLIN SANCHEZ, LLP Michael McLaughlin 415-655-9753 www.msllp.law MILLAR AND ASSOCIATES, APLC James Millar 415-981-8100 x101 Millar-law.com O’GRADY LAW GROUP John O’Grady john@ogradylaw.com www.ogradylaw.com
415-986-8500
REUBEN, JUNIUS & ROSE, LLP Kevin Rose 415-567-9000 www.reubenlaw.com TRN LAW ASSOCIATES Tiffany Norman tiffany@trnlaw.com
415-823-4566
DAVE WASSERMAN Dave Wasserman 415-567-9600 dwasserman@wassermanstern.com WIEGEL LAW GROUP Andrew J. Wiegel www.wiegellawgroup.com
415-552-8230
ZACKS, FREEDMAN & PATTERSON, P.C. Andrew M. Zacks 415-956-8100 www.zfplaw.com ZANGHI TORRES ARSHAWSKY, LLP John P. Zanghi 415-977-0444 www.zatlaw.com
BEDBUG DETECTION
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 SCENT TEK Brent & Kevin Youngblood 415-933-0879 www.scent-tek.com
CLEANING SERVICES
BIO-ONE EAST BAY Sandy Magan info@biooneeastbay.com
510-274-1548
OPTIMUS BUILDING SERVICES Claudia Giraldo 650-290-4607 optimusbuildingservices.com
CONSULTANTS: PERMITS & PLANNING
CENTER FOR SUSTAINABLE ENERGY Sarah Bliss 858-633-8099 sarah.bliss@energycenter.org EDRINGTON AND ASSOCIATES Steven Edrington 510-749-4880 steve@edringtonandassociates.com
CONTRACTORS SKYLIGHT REMODLING Josh Levitan contact@skylight.com www.skylight.com
800-961-2580
CORPORATE RENTALS AMSI Robb Fleischer www.amsires.com
415-447-2020
GOROVERGO Laura Ericson 832-977-6830 laura.ericson@echemail.com www.gorovergo.com
CREDIT REPORTING
INTELLIRENT Cassandra Joachim www.myintellirent.com
415-849-4400
GREAT ESCAPE SERVICES Rich Henderson 415-566-1479 www.greatescapeservice.com
FIRE PROTECTION CONTRACTORS
AEC ALARMS 408-298-8888 Ext: 121 SFfire@aec-alarms.com BATTALION ONE FIRE PROTECTION Tim Morse 510-653-8075 www.battaliononefire.com COMMERCIAL FIRE PROTECTION, INC. Laine Sims 925-300-9534 www.fireprotected.com EMERGENCY SYSTEMS, INC. Eric Hagerman (415) 564-0400 esmfire@earthlink.net MAZZY’S FIRE PROTECTION Scott Mazzarella 415-665-5553 www.mazzysfire.com
GARBAGE COLLECTION SERVICES
RECOLOGY GOLDEN GATE RECYCLING Minna Tao 415-575-2423 recologysf.com RECOLOGY SUNSET SCAVENGER Dan Negron 415-330-2911 recologysf.com
INSURANCE COMPANIES
ARM MULTI INSURANCE SERVICES Lisa Isom 866-913-6293 www.arm-i.com BARBARY INSURANCE BROKERAGE Gerald Becerra 415-788-4700 www.barbaryinsurance.com BIDDLE-SHAW INSURANCE SERVICES, INC Greg Holl 415-586-7200 www.biddleshaw.com COMMERCIAL COVERAGE INSURANCE AGENCY Paul Tradelius 415-436-9800 www.comcov.com
ENERGY SERVICES / GAS & ELECTRIC
GORDON ASSOCIATES INSURANCE SERVICES Dave Gordon, CLU 650-654-5555x6972 David.gordon@gordoninsurance.com
ENVIRONMENTAL CONSULTING
COMCAST/XFINITY Michael Juliano www.xfinity.com
FIRE ESCAPE INSPECTION & MAINTENANCE
COUNTERPOINTE SRE David Snow 855-431-4000 www.counterpointeSRE.com
415-279-6113
415-794-2176
PACIFIC GAS & ELECTRIC COMPANY Sebastian Conn 415-972-5201 www.pge.com
P.W. STEPHENS ENVIRONMENTAL Sheri Buenz 510-651-9506 sherib@pwsei.com
ESCAPE ARTISTS Jabal Engelhard www.sfescapeartists.com
INTERNET SERVICES PROVIDERS 925-495-9922
LENDING / FINANCIAL SERVICES FIRST FOUNDATION BANK Michelle Li www.ff-inc.com
LENDING / FULL SERVICE BANKS
LUTHER BURBANK SAVINGS Gabriel Basso 510-601-2400 www.lutherburbanksavings.com
LENDING / INSTITUTIONS
CHASE APARTMENT LENDING Andre C. Ferrigno 415-644-2171 CHASE COMMERCIAL TERM LENDING Sharon Groenendyk 415-315-8464 www.chase.com/commercialbanking CHASE COMMERCIAL LENDING Ingrid Marlow 650-737-6212
LOCKSMITHS
CROWN LOCK & HARDWARE Joe Schoepp 415-221-9086 WARMAN SECURITY Peter Badertscher www.warmansecurity.com
415-775-8513
MAINTENANCE REPAIR SERVICE
CITY REPAIR SERVICES Fernando Fonesca 415-602-6524 contact@citycarerepair.com MAVEN MAINTENANCE, INC. Craig Lipton 415-829-2207 www.mavenmaintenance.com WEST COAST PROPERTY MANAGEMENT Joseph Keng 415-885-6970 ext. 101 www.wcpm.com
MEDIATION
THE BAR ASSOCIATION OF SAN FRANCISCO CONFLICT INTERVENTION SERVICE Matthew Tom 415-782-8940 mtom@sfbar.org
ORGANIC WASTE SOLUTIONS
ECOSAFE ZERO WASTE, INC. Daniel Redick 310-569-0624 ecosafezerowaste.com Daniel@EcoSafeZeroWaste.com
PAINTING CONTRACTORS KRUITPAINTING, INC. Pieter Kruit www.kruitpainting.com
415-254-7818
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 www.tarapropainting.com
415-334-3277
PEST CONTROL
ATCO PEST & TERMITE CONTROL & HOME RESTORATION Richard Estrada 415-898-2282 www.atcopestcontrol.com
SF APARTMENT MAGAZINE | APRIL 2021
57
CROWN & SHIELD PEST SOLUTIONS-PREMIER Aurora Garcia-Vidaca 415-893-9551 www.crownandshieldpestsolutions.com
PLUMBING SERVICES
C.R. REICHEL ENGINEERING CO. INC. Tim Lordier 415-431-7100 www.crreichel.com R & L PLUMBING Larry Bustillos 415- 651-4977 larry@rl.plumbing www.rlplumbingsanfrancisco.com URGENT ROOTER AND PLUMBING INC. Albert Lee 415-387-8163 urgentrtr@sbcglobal.net
PROJECT MANAGEMENT CREATIVE WEALTH CAPITAL MichaelGallin mike@creativewealthcapital.com
PROPERTY MANAGEMENT
BORN PROPERTY MANAGEMENT Jason Born 650-271-7048 x 111 Jason@bornpm.com BERENDT PROPERTIES Craig Berendt craig.berendt@gmail.com
415-608-3050
ADVENT PROPERTIES, INC. Benjamin Scott, CCRM 510-289-1184 www.adventpropertiesinc.com
BROOKFIELD PROPERTY GROUPPRESIDIO LANDMARK Jon King 855-327-5376 jon.king@brookfieldproperties.com
ALEXANDERSON PROPERTIES Eric Alexanderson 415-285-3737 www.alexandersonproperties.com
CHANDLER PROPERTIES Carolyn Chandler 415-921-5733 www.chandlerproperties.com
AMORE REAL ESTATE, INC Jerry Hsieh 415-567-4800 www.amoresf.com
CITYWIDE PROPERTY MANAGEMENT Carol Cosgrove 415-552-7300 www.citywidesf.com
property management
The following members are SFAA Property Management Members. They fully support the organization and are dedicated to SFAA’s goals. For more information about the benefits of becoming a Property Management Member, contact Maria Shea at maria@sfaa.org or 415-255-2288 x 10.
DEWOLF REALTY CO. INC. William A. Talmage www.dewolfsf.com
415-221-2032
EBALDC Felicia Scruggs FScruggs@ebaldc.org
510-287-5353
EQUITY ONE Brenda M. Obra www.equity1sf.com
415-441-1200
GAETANI REAL ESTATE Paul Gaetani 415-668-1202 www.gaetanirealestate.com GEORGE GOODWIN REALTY, INC. Chris Galassi 415-681-1265 www.goodwin-realty.com
ADVENT PROPERTIES, INC. Benjamin Scott, CCRM 510-289-1184 www.adventpropertiesinc.com
PAUL LANGLEY COMPANY Misha Langley 415-431-9104 x 301 misha@plco.net
GREENTREE PROPERTY MANAGEMENT Mike McCamish 415-828-8757 www.greentreepmco.com
AMERICAN MARKETING SYSTEMS INC. Robb Fleischer 415-447-2020 www.amsires.com
PONTAR REAL ESTATE Merri Pontar 415-421-2877 www.pontarrealestate.com
BERENDT PROPERTIES Craig Berendt 415-608-3050 www.berendtproperties.com
PROGRESSIVE PROPERTY GROUP Dace Dislere & Joe Gillach 415-515-4329
GM GREEN REAL ESTATE INC. George Green 415-608-6485 ggreen@gmgreen.com www.gmgreen.com
CITYWIDE PROPERTY MANAGEMENT Carol Cosgrove 415-552-7300 www.citywidesf.com DEWOLF William Talmage www.dewolfsf.com
415-221-2032
GAETANI REAL ESTATE Paul Gaetani 415-668-1202 www.gaetanirealestate.com GREENTREE PROPERTY MANAGEMENT 415-828-8757 www.greentreepmco.com HRH REAL ESTATE SERVICES CORPORATION Renee A. Engelen (415) 810-6020 www.hrhrealestate.com J. WAVRO PROPERTY MANAGEMENT James Wavro 415-509-3456 LINGSCH REALTY Natalie M. Drees www.lingschrealty.com
58
415-648-1516
PROPERTY MANAGEMENT SYSTEMS Michelle L. Horneff-Cohen 415-661-3860 www.propertymanagementsystems.net REAL MANAGEMENT COMPANY J.J. Panzer 415-821-3167 www.RMCsf.com S&L REALTY Robert Link 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 WEST & PRASZKER REALTORS Michael Klestoff 415-661-5300 www.wprealtors.com WEST COAST PROPERTY MANAGEMENT Eric Andresen 415-885-6970 www.wcpm.com
members
APRIL 2021 | SF APARTMENT MAGAZINE
415-386-3111
HANFORD•FREUND & CO. J. Timothy Falvey www.hanfordfreund.com
415-981-5780
HOGAN & VEST INC. Simon Wong hoganvest.com
415-421-7116
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 LINGSCH REALTY Natalie M. Dress www.lingschrealty.com
415-648-1516
MERIDIAN MANAGEMENT GROUP Randall Chapman 415-434-9700 www.mmgprop.com
MW PROPERTY GROUP Marc Wilson 415-640-5807 marc@mwpropertygroupco.com
W. PROPERTY MANAGEMENT Gary Petrison 707-545-6187 gary@wpropertymanagement.com
COMPASS COMMERCIAL BROKERAGE Chris J. Connor chris.oconnor@compass.com
MYND MANAGEMENT, INC. Stacy Winship 510-306-4440 www.mynd.co
WEST COAST PROPERTY MANAGEMENT Eric Andresen 415-885-6970 www.wcpm.com
COMPASS COMMERCIAL BROKERAGE John Antonini 415-794-9510 john@antoninisf.com
NEW GENERATION INVESTMENTS Jonathan Ng 415-735-8233 jtng.ngi@gmail.com
WEST & PRASZKER REALTORS Michael Klestoff 415-699-3266 www.wprealtors.com
PACIFIC UNION INTERNATIONAL PROPERTY MANAGEMENT Susan Lucas 415-722-4724 www.pacunionpm.com
WOOD PARTNERS Melissa Rankin 628-251-1101 melissa.rankin@woodpartners.com
CORCORAN COMMERCIAL Jeremy Williams (415) 932-9846 jeremy@jeremywilliams.com jeremywilliams.com
PAUL LANGLEY COMPANY Misha Langley 415-431-9104 x 301 misha@plco.net PILLAR CAPITAL REAL ESTATE Jonathan Ng (415) 885-9584 jonathan@thepillarcapital.com PONTAR REAL ESTATE Merri Pontar 415-421-2877 www.pontarrealestate.com PRIME METROPOLIS PROPERTIES, INC. Tom Chan 415-731-0303 tomchan@pmp1988.com PROGRESSIVE PROPERTY GROUP Dace Dislere 415-794-9727 www.progressivesf.com PROPERTY MANAGEMENT SYSTEMS Michelle L. Horneff-Cohen, Broker, CCRM, MPM®, RMP® 415-661-3860 www.propertymanagementsystems.net RAMSEY PROPERTIES Brian E. Ramsey 415-474-5175 Brian@RamseyPropertiesSF.com REAL MANAGEMENT COMPANY J.J. Panzer 415-821-3167 www.RMCsf.com ROCKAWAY RESIDENTIAL MANAGEMENT KristineAbbey 650-290-3084 www.rockawayresidential.com ROCKWELL PROPERTIES Mark Kaplan 415-398-2400 propertymanagement@rockwellproperties.com SC PROPERTY MANAGEMENT Robert Guglielmi 650-342-3030 bob.guglielmi@scpropsm.com SHARVEST PROPERTY MANAGEMENT, LLC Timothy D. Gilmartin 650-347-2020 tim@thegilmartins.com SIERRA PROPERTY PROFESSIONALS Sonali Herrera sierrappinc@gmail.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 THRIVE PROPERTY MANAGEMENT, INC. Giovani Franco 650-296-3880 www.thrivecommunities.com/
PROPERTY MANAGEMENT SOFTWARE
APPFOLIO Mindy Sorenson 805-364-6098 mindy.sorenson@appfolio.com
CORCORAN GLOBAL LIVING COMMERCIAL Terrence Jones 415-786-2216 terrence@terrencejonesSF.com www.terrencejones.com FERRIGNO REAL ESTATE Chris Ferrigno 415-641-0661 www.ferrignorealestate.com
STESSA Victor Perez www.stessa.com
626-524-4931
HRH REAL ESTATE SERVICES CORPORATION Renee A. Engelen (415) 810-6020 www.hrhrealestate.com
YARDI Kelly Krier kelly.krier@yardi.com
805-699-2040
ICON REAL ESTATE INC. Jason Quashnofsky jason@iconsf.com
YMPG MANAGEMENT Yelena Glezer 415-260-6325 yglezer@ympg-management.com
REAL ESTATE APPRAISALS MARK WATTS COMMERCIAL APPRAISAL Mark Watts 415-990-0025 www.markwattscommercialappraisal.com
REAL ESTATE BROKERS & AGENTS
ALAIN PINEL INVESTMENT GROUP Mark Bonn 415-614-4354 mbonn@apr.com ALAIN PINEL INVESTMENT GROUP Jay Greenberg 415-593-8615 www.aprinvestmentgroup.com ALAIN PINEL INVESTMENT GROUP Mirella Webb 415-814-6699 mwebb@apr.com BAY AREA PREMIER PROPERTIES Peter Fisler 415-606-6621 www.bayareapremierproperties.com BIG TREE PROPERTIES Evan Matteo 415-305-4931 evan@bigtreeproperties.com BLATTEIS REALTY FOR MINHALL, INC. David Blatteis 415-981-2844 dsblatteis@blatteisrealty.com COLDWELL BANKER COMMERCIAL NRT Steven Caravelli 415-229-1367 steven.caravelli@cbnorcal.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 COMMERCIAL BROKERAGE Adam Filly 415-516-9843 adam@adamfilly.com
(415) 370-7077
KILBY STENKAMP-VANGUARD PROPERTIES Kilby Stenkamp 415-370-7582 LESLIE BURNLEY Leslie Burnley leslie.j.burnley@gmail.com leslieburnley.com
415-717-8709
MARCUS & MILLICHAP David Nelson 415-312-2245 dnelson@MarcusMillichap.com MARCUS & MILLICHAP Sanford Skeie 415-625-2153 www.marcusmillichap.com NEWMARK KNIGHT FRANK Matthew C. Sheridan 415-273-2179 aptgroupsf.com PACIFIC UNION COMMERCIAL Stephen Pugh spugh@pacunion.com S&L REALTY Robert Link www.slrealty-sf.com
415-386-3111
SHAMROCK REAL ESTATE COMPANY Trent Moore 415-359-2400 www.shamrocksf.com STEELE PROPERTIES Ryan Steele 415-881-7762 www.steeleproperties.com WEST & PRASZKER REALTORS Michael Klestoff 415-312-2245 klestoffmre@aol.com ZEPHYR REAL ESTATE Dawn Cusulos 415-678-8854 dawncusulos@zephyrre.com
REAL ESTATE INVESTMENTS ALAIN PINEL INVESTMENT GROUP Trigg Splenda 415-593-8616
MARCUS MILLICHAP Clinton C. Textor III 415-425-9123 www.marcusmillichap.com URBAN GROUP REAL ESTATE Louis Cornejo 415-863-1775 louis@urbangroupsf.com
SF APARTMENT MAGAZINE | APRIL 2021
59
sfaa sfaa 2021 membership application
Thank you for joining the San Francisco Apartment Association. SFAA is dedicated to educating, advocating for and supporting the Rental Housing Community so that its members operate ethically, fairly and profitably. Please consult a tax preparer in advance to determine deductibility for your tax situation. Membership fees are subject to change. MEMBERSHIP LEVEL & COST
REGULAR MEMBER DUES
Base Fee
Units Fee
1-22
$420 +
$6.50 per unit =
23 +
$375 +
$8.50 per unit =
RENT BOARD PASSTHROUGHS Kim Boyd Bermingham 415-333-8005 www.rentboardpass.com
MAZAL55 PROPERTIES Oren S. Bordo orenb55@gmail.com
Unit Fee
1-22
$520 +
$4.00 per unit =
23 +
$475 +
$6.00 per unit =
BERENDT PROPERTIES Craig Berendt 415-608-3050 www.berendtproperties.com
CONTACT INFORMATION
HAMILTON FAMILY CENTER Mayo Lunt 510-763-8540 x230 www.hamiltonfamiles.org
Contact Person Company/Title
HRH REAL ESTATE SERVICES CORPORATION Renee A. Engelen (415) 810-6020 www.hrhrealestate.com
Address State
Zip
Mobile Phone Email Address
Website PAYMENT METHOD MC
415-279-2791
RESIDENTIAL LEASING
TOTAL AMOUNT:
ASSOCIATE MEMBER DUES: $495
Amex
REAL MANAGEMENT COMPANY Melinda Greene 415-230-8895 www.RMCsf.com
HRH REAL ESTATE SERVICES CORPORATION Renee A. Engelen (415) 810-6020 www.hrhrealestate.com
Base Fee
Check
PROPERTY MANAGEMENT SYSTEMS Michelle L. Horneff-Cohen 415-661-3860 www.propertymanagementsystems.net
TOTAL AMOUNT:
Units
City
RENT BOARD PETITIONS
APARTMENT LIST Alex Mashburn 678-467-0411 amashburn@apartmentlist.com
MANAGEMENT COMPANY DUES
TOTAL UNIT AMOUNT:
MIRACLE METHOD OF SAN FRANCISCO Claire Gray 415-673-4211 www.miraclemethod.com
RENTAL LISTING SERVICES
Units
TOTAL UNIT AMOUNT:
REFINISHING / RESURFACING SERVICE
Visa
3 Digit Security Code
Card #
Expiration Date
Cardholder Name
Billing Zip Code
Authorized Signature
Date HOW DID YOU HEAR ABOUT US?
Referral From
Postcard/Mailer
Magazine
Website
Rent Board
Other
J. WAVRO ASSOCIATES James Wavro www.jwavro.com
415-509-3456
LINGSCH REALTY Natalie M. Drees www.lingschrealty.com
415-648-1516
RELISTO Eric Baird www.relisto.com
415-236-6116
RENTALS IN S.F. Jackie Tom www.rentalsinsf.com
415-409-3263
RENTSFNOW Claussen 415-762-0213 kclaussen@veritasinv.com STRUCTURE PROPERTIES Corey Eckert 415-794-0064 www.structureproperties.com
SECURITY
San Francisco Apartment Association 265 IVY STREET | SAN FRANCISCO, CA | 94102 | PHONE 415-255-2288 | FAX 415-255-1112
60
APRIL 2021 | SF APARTMENT MAGAZINE
ADT-MULTI FAMILY Jeanette Mendez jjmendez@adt.com www.adt.com/smart-
562-712-7504
SEISMIC RETROFIT & STRUCTURAL ENGINEERING BAI CONSTRUCTION Behnam Afshar www.baiconstruction.com
510-595-1994
SGDM, LLC George Mak www.sgdmllc.com
415-462-0619
W. CHARLES PERRY Charles Perry www.wcharlesperry.com
650-638-9546
WEST COAST PREMIER CONSTRUCTION, INC. Homy Sikaroudi, PhD, PE 510-271-0950 www.wcpc-inc.com
SUBMETERS
CONTRACTOR OR VENDOR?
ALARM COMPANIES
AEC Alarms Emergency Systems, Inc. ARCHITECTURE & DESIGN SERVICES
LIVABLE Daniel Sharabi www.livable.com
415-937-7283
TENANT PLACEMENT & LISTING REALPAGE Stacy Blackwell www.realpage.com
ad index NEED A PROFESSIONAL
972-820-3015
STRUCTURE PROPERTIES Corey Eckert 415-794-0064 www.structureproperties.com
WATER CONSERVATION SERVICE
Openscope Studio ATTORNEYS
Dowling & Marquez, LLP Fried & Williams, LLP BANKS & LENDING SERVICES
Luther Burbank Savings
One Stop Maintenance Pribuss Engineering, Inc.
WATER DAMAGE SERVICE
Pac West Painting Tara Pro Painting
KELLEY PAINTING AND WATERPROOFING Mitchell Kelley 415-847-7883 www.kelleypaintingandwaterproofing.com
63 64 66
WASH 62 LOCKSMITHS
PAINTING CONTRACTORS
PETITION SERVICES
Rent Board Passthroughs
69 69
Amore Real Estate 69 Coldwell Banker Commercial / Caravelli 49 Coldwell Banker Commercial / McGue 13 Colliers / DeVincenti 2 Compass / Antonini 71 Compass / Bonn & Webb 41 Compass / Filly 11 Compass / Greenberg & Splenda 3 Compass / Pugh 43 Corcoran / The Jones Team 15 EXP Realty / Williams 27 Kay Properties & Investments, LLC 17 Marcus & Millichap 20-21 Real Estate Transition Solutions 47 Vanguard Commercial / Chapleau 9 Vanguard Properties / Stack 64 UTILITIES BILLING SERVICES
64 69 14
PROPERTY MANAGEMENT & MAINTENANCE & RESIDENTIAL LEASING
Berendt Properties Gaetani Real Estate, Inc. Maven Maintenance
Real Management Company 51 Rentals in SF 53 S&L Property Management 63 Structure Properties 39 West Coast Property Management 50 Yardi 35 REAL ESTATE BROKERS
66 62
LAUNDRY SERVICES
Crown Lock & Safe Warman Security
WATERPROOFING
53
CONSTRUCTION & RENOVATION SERVICES
SF PUBLIC UTILITIES COMMISSION Chandra Johnson 415-554-0704 www.conserve.sfwater.org FIRE AND WATER DAMAGE RECOVERY Maria Neumann 800-886-1801 www.waterdamagerecovery.net
19 50
Livable 51 Acceptance of an advertisement by this magazine does not necessarily constitute any endorsement or recommendation by SFAA, express or implied, of the advertiser or any goods or services offered. Advertisers in red are Associate Members of SFAA.
6 72 45
Please note that acceptance of associate membership does not necessarily constitute any endorsement or recommendation, express or implied, of the associate member or any goods or services offered.
SF APARTMENT MAGAZINE | APRIL 2021
61
New Washer & Dryer Sales
Quick Availability — we have a full stock of machines and parts ready for sale today
A Company You Can Trust — multifamily laundry experts since 1947
Top-Brand Washers & Dryers — offering Speed Queen and Maytag
Beyond the Box — delivery, installation and service contracts available
Plus, our machines can be outfitted to accept coin or card payment, as well as contact-free mobile payment.
Get a Quote Today!
Visit wash.com/sales or call 800-236-5599
62
APRIL 2021 | SF APARTMENT MAGAZINE
SF APARTMENT MAGAZINE | APRIL 2021
63
Surreal Estate… continued from page 46
inherent authority of the superior court to manage its caseload. At oral argument, the
evictions (but allowed other bases for
landlord ultimately persuaded the Court
evictions to go forward).
to revisit its tentative ruling, allowing the case to proceed, but it felt like the landlord
Not to be outmaneuvered, San Francisco
advanced only through the advocacy of
passed “Preston II” to stop nearly every
its counsel, rather than the clear dictate of
other kind of eviction through March 31,
state law.
2021. No one challenged this law, in large part because of its short term. But when
The rule of law has a remedy to review the
SB 91 extended the “covered period” of AB
whims of a trial court judge. The landlord
3088 through June, the Board of Supervi-
can appeal. But judicial inaction creates a
sors got to work drafting “Preston 2.1” to
winner by default, and resolution by settle-
match its expiration date. Judicial review is
ment can’t succeed if there are no pressing
unlikely for a new breed of aggressive local
claims to settle. These problems aren’t new,
law that comes in such short bursts.
they’re just more obvious now. Our Housing Court has always been faced with a
A local law that flouts state law would
crisis of neutrality. The tenant often suffers
do well to evade judicial determination
a greater loss by losing than the landlord
as much as possible. But these days, the
gains by winning. The law is supposed to
courts seem content to avoid it themselves.
ignore these hardships, but on balance, the
Last December, the San Francisco housing
Court has to prefer delay, deferral, suspen-
court reviewed a tenant’s challenge to a
sion, if a resolution might emerge from
breach of contract lawsuit seeking unpaid
outside the courthouse.
rent. The tenant pointed to AB 3088’s hefty expansion of small claims jurisdiction: a
Likewise, our solution is not new, only
landlord had to wait until March 2021 to
more obvious now. Our industry has to be
file, but he could enjoy a streamlined hear-
reasonable and balanced in supporting leg-
ing without the byzantine rules of proce-
islation. We need to be fair and patient in
dure or the normal limit on damages (and
privately policing rights. We have to be re-
with no annoying lawyers!). The landlord
sponsible in accessing the Courts, not only
insisted that this was an optional forum
when we can, but also not until we should.
for relief, because that’s literally what the
In the meantime, we should be generous in
law said, and it would create constitutional
trying to wrap up the outstanding disputes
problems to deny a plaintiff discovery, a
that can be settled. This will narrow the
jury, an appeal, or his lawyer. (Lawyers are
odds against our side when the Courts must
good sometimes.)
make a hard decision. For now, when basic
ONE STOP MAINTENANCE AND PROPERTY SERVICE
civics no longer helps us, our civility can But the decision was out of the housing court’s hands, it explained, because the presiding judge issued an order that di-
advance our cause. Justin A. Goodman is with Zacks, Freedman & Patterson,
verted all breach of contract cases to small claims court no sooner than March. The landlord had never heard of the order, and the Court had never seen it. The landlord sent a public record’s request to find it, but it didn’t exist, so the landlord moved the Court to reconsider. SB 91 was enacted in the meantime. It affirmed a plaintiff’s choice of forum, but stayed all new breach of contract lawsuits until July of 2021, unless the lawsuit happened to begin before October 2020, as this one had. And yet the Court still tentatively ruled to prevent the action from going forward based on the
64
APRIL 2021 | SF APARTMENT MAGAZINE
Mike Stack
Real Estate Advisor
Call or email me today for a free & private analysis of your property’s value.
One Stop Maintenance and Property Service provides quality service solutions for both commercial and residential clients—guaranteed! We provide a superior level of painting, cleaning, janitorial, and handyman services to many satisfied customers. Contact us today for a personal, no obligation consultation at (415) 404-0957 or email us at info@sf1stop.com
415.580.9095
mikestack@vanguardsf.com MikeStackSF.com
D R E# 0193228 0
P.C. and can be reached at 415-956-8100.
sfaa’s
2021
VIRTUAL TRADE SHOW Thursday June 17th, 2021 Join us as a Sponsor! Attendees will learn about the latest guidelines, services, products, and trends in the multi-unit housing industry. If you're interested in sponsoring the event, contact Vanessa Khaleel at 415-255-2288 or vanessa@sfaa.org.
Register online at www.sfaa.org
SPONSOR $1,100
SPONSOR $800
INCLUDES:
INCLUDES:
Company promoted throughout event
Company promoted throughout event
Host Zoom break-out room
Included in email blasts to our full membership
Direct mailer to all attendees after event Included in email blasts to our full membership
Schedule one-on-one sessions with attendees Link on our website
Schedule one-on-one sessions with attendees Link on our website
SAVE THE DATE
For more information please contact Vanessa Khaleel at Vanessa@sfaa.org SF orAPARTMENT visit us MAGAZINE online at| APRIL www.SFAA.org 2021 65
Legl Q&A… continued from page 18
be constant nor excessive. The maximum allowable dBA by San Francisco’s Ordinance without permits for constant interior noise is limited to 45 dBA during the nighttime (10:00 p.m. to 7:00 a.m.) or 55 dBA during the daytime (7:00 a.m. to 10:00 p.m.). If a machine or device, entertainment, or any combination of the same is being used, the allowed dba should not exceed more than 5 dBa above the ambient level (35 dBA sound level repeating itself for a ten-minute period). Ultimately it will come down to how loud or intense the noise is, how long of a period the noise lasts (constant or intermittent), and if the noise is occurring during the nighttime or daytime. A property owner is not required to notify neighboring tenants of work that is occurring in another residential unit. However, if the work will inconvenience neighboring tenants, it would be good practice to notify those tenants of the upcoming construction and work with those tenants to find solutions to reduce the inconvenience of that noise. Especially given the current circumstances where more people are working from home, if a tenant knows ahead of time of the upcoming work, that tenant can decide to move their workstation to another area in their unit. Other solutions could include providing noise canceling headphones if the work is going to take more than a few days and insulating units with rugs so that the noise can be absorbed. By working with your tenants, you reduce the possibility of tenant complaints and you create a communication line with your tenants so that they feel comfortable bringing their grievances directly to you instead of filing a complaint with the city.
4
—Angelica Sandoval The information contained in this article is general in nature. Consult the advice of an attorney for any specific problem. Justin A. Goodman and Maddy Zacks are with Zacks, Freedman & Patterson, P.C. and can be reached at 415-956-8100. Dave Wasserman can be reached at 415-5679600. Clifford Fried and Angelica Sandoval are with Fried & Williams and can be reached at 415-421-0100.
66
APRIL 2021 | SF APARTMENT MAGAZINE
2021 Spring CCRM Webinar Series Schedule & Registration Course Course Name #
Date
PRICE
Time
Member
# of NonTotal Member Attendees
Series
Full CCRM Series (Value Savings)
PMR100
Introduction to Ethical Property Management
3/17/2021
2PM-5PM
$85.00
$100.00
PMR101
Renting the Property
3/24/2021
2PM-5PM
$85.00
$100.00
PMR102
Beginning and Maintaining the Tenancy
3/31/2021
2PM-5PM
$85.00
$100.00
PMR103
Renewal of Tenancy and Ending the Tenancy
4/7/2021
2PM-5PM
$85.00
$100.00
PMR104
Maintenance Management: Maintaining the Property
4/14/2021
2PM-5PM
$85.00
$100.00
PMR105
Liability & Risk Management
4/21/2021
2PM-5PM
$85.00
$100.00
PMR106
Budget Development and Implementation
4/28/2021
2PM-5PM
$85.00
$100.00
PMR107
Fair Housing: It’s the Law
5/5/2021
2PM-5PM
$85.00
$100.00
PMR108
Professional Skills for Supervisors
5/12/2021
2PM-5PM
$85.00
$100.00
EXAM
CCRM Final Exam
5/19/2021
2PM-5PM
FREE
Class Location Zoom Webinar System Upon registration the Zoom link will be emailed to the student Class is every Wednesday
See schedule below
FREE
Total Due:
To Register
Online: www.sfaa.org Call: 415-255-2288 x.113 Email: stephanie@sfaa.org
(includes 9th Edition Managing Rental Housing textbook, CCRM binder and Welcome Packet; does not include the $75 CCRM application fee)
Attendee Information: o Member
Attendee Name: Title:
Company Name:
Address
City:
Phone:
Fax:
E-Mail:
Local Association ID Number:
Payment Information: o Credit Card
Zip:
o Mailing Check o Series Invoicing (members only benefit)
Credit card number: Signature:
o Non Member
Exp. Date 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)
caanet.org events@caanet.org 800.967.4222 • 980 Ninth Street, Suite 1430 • Sacramento, CA 95814
SF APARTMENT MAGAZINE | APRIL 2021
67
2021 Spring CCRM Webinar Night Series Schedule & Registration Course Course Name #
Date
PRICE
Time
Member
# of NonTotal Member Attendees
Series
Full CCRM Series (Value Savings)
PMR100
Introduction to Ethical Property Management
5/4/2021
6PM-9PM
$85.00
$100.00
PMR101
Renting the Property
5/11/2021
6PM-9PM
$85.00
$100.00
PMR102
Beginning and Maintaining the Tenancy
5/18/2021
6PM-9PM
$85.00
$100.00
PMR103
Renewal of Tenancy and Ending the Tenancy
5/25/2021
6PM-9PM
$85.00
$100.00
PMR104
Maintenance Management: Maintaining the Property
6/1/2021
6PM-9PM
$85.00
$100.00
PMR105
Liability & Risk Management
6/8/2021
6PM-9PM
$85.00
$100.00
PMR106
Budget Development and Implementation
6/15/2021
6PM-9PM
$85.00
$100.00
PMR107
Fair Housing: It’s the Law
6/22/2021
6PM-9PM
$85.00
$100.00
PMR108
Professional Skills for Supervisors
6/29/2021
6PM-9PM
$85.00
$100.00
EXAM
CCRM Final Exam
7/6/2021
6PM-9PM
FREE
Class Location Zoom Webinar System Upon registration the Zoom link will be emailed to the student Class is every Tuesday
See schedule below
FREE
Total Due:
To Register
Online: www.sfaa.org Call: 415-255-2288 x.11o Email: maria@sfaa.org
(includes 9th Edition Managing Rental Housing textbook, CCRM binder and Welcome Packet; does not include the $75 CCRM application fee)
Attendee Information: o Member
Attendee Name: Title:
Company Name:
Address
City:
Phone:
Fax:
E-Mail:
Local Association ID Number:
Payment Information: o Credit Card
Zip:
o Mailing Check o Series Invoicing (members only benefit)
Credit card number: Signature:
o Non Member
Exp. Date 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)
68
caanet.org events@caanet.org
APRIL 2021 | SF• APARTMENT MAGAZINE 800.967.4222 980 Ninth Street, Suite 1430 • Sacramento, CA 95814
For All Your Security Needs Since 1916
24/7 Service
Locks • Alarms Access Control
Video Surveillance • Mailboxes Intercom & Phone-Entry Systems Repair • Install • Home or Office
Two Locations to Serve You 1720 Sacramento Street San Francisco, CA 94109 101 Industrial Road, No. 12 Belmont, CA 94002
FOR ALL YOUR REAL ESTATE NEEDS SERVING SAN FRANCISCO PROPERTY OWNERS FOR OVER 50 YEARS
SALES INVESTMENTS PROPERTY MANAGEMENT
www.warmansecurity.com
415.775.8513
3001 LAGUNA STREET, SAN FRANCISCO CA 94123 (415) 567-4800 www.amoresf.com SF APARTMENT MAGAZINE | APRIL 2021
69
w
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 $65 a year.
Subscriptions must be registered and billed to an SFAA member. Sign up today! Online: www.sfaa.org/membership Phone: 415-255-2288
sf.0611.subscription.filler.indd 1
5/20/11 1:16 PM
sfaa’s
New Unit Registration & Licensing Law Webinar Come find out about San Francisco’s newly passed mandatory unit registration and licensing law. Beginning soon, all San Francisco landlords will have to annually register every rental unit with the Rent Board. The information that must be disclosed each year will include dates of occupancy, the square footage, amenities offered, the amount of rent, owner contact information, and more. In addition, you will have to obtain a unit license in order to adjust rent as well as satisfy other requirements under this very challenging regulation. The class will be taught by Dave Wasserman, Wasserman LLP & Curtis Dowling, Dowling & Marquez DATE & TIME:
WEBINAR:
Friday April 9, 2021 10:00am – 11:00am
Once you complete registration you will be sent a separate link to register for the Zoom system.
COSTS:
$75
For more information, contact Maria Shea at 415-255-2288 ext 110, or maria@sfaa.org
70
APRIL 2021 | SF APARTMENT MAGAZINE
JOHN ANTONINI + DANIEL FOLEY MULTIFAMILY + MIXED-USE + ADD-VALUE "In real estate you make 10% of your money because you're genius, and 90% because you catch a great wave" -Jeff Greene
J U ST LIS TED
791 7th Avenue @ Fulton Inner Richmond , SF 5 Units. 2+ Car Parking Remodeled 3bd-2ba Delivered Vacant Not Subject to SF Rent Control (1984 YB) 14.7 GRM, 4.70% Cap, $459 Price/ft. Well Maintained. Low Expenses. www.791-7thave.com
John Antonini
Daniel Foley
415.794.9510
415.866.7997
john@antoninisf.com
daniel@danielfoley.com
www.antoninisf.com
www.danielfoley.com
DRE 01842830
DRE 01866714
Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License number 01527235. All material presented herein is intended for informational purposes only and is compiled from sources deemed
SF APARTMENT MAGAZINE | APRIL 2021
reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate.
71
TO MOST PEOPLE, THIS IS JUST A SMART LOOKING DUPLEX
TO YOU, IT’S BEEN A SMART WAY TO DOUBLE YOUR MONEY. We know the properties we manage mean more to owners like you than meets the eye. That’s why, for over 70 years and across three generations of our family, we’ve taken the long view -- building great working relationships as we build value. Because when it comes to taking care of your investment, we definitely see eye-to-eye.
gaetanirealestate.com 415.668.1202