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JAMES DEVINCENTI
BRAD LAGOMARSINO
Executive Vice President/Multifamily Investments
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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527235. All materials pre-
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 SENIORSALESASSOCIATE COMPASSCOMMERCIAL
415.308.6560 TRIGG@TRIGGSPLENDA.COM LICENSE:01484698
SF APA magazine
SF APARTMENT
contents
Features
20
The Big Picture by PAM MCELROY
28
Profiles in Power by EMILY LANDES
34
Around the Block by TERRENCE JONES
34
4
NOVEMBER 2020 | SF APARTMENT MAGAZINE
Cover Photo: Mayor London Breed Photography by Vivian Chen
PARTM Columns
Membership
8
16
Due Diligence
Coming Up Short
The News
12
Trend Alert The Work-from-Home Wave by JEREMY WILLIAMS
Legal Q&A
by VARIOUS AUTHORS
46
Calendar
50
Professional Services Directory
54
Membership Application
8
SF APARTMENT MAGAZINE | NOVEMBER 2020
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
NOVEMBER 2020 | 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,
VOLUME XXXIII, NUMBER 11 NOVEMBER 2020 Published by Hippo Productions Publisher Vanessa Khaleel Editor Pam McElroy
Art Director Jéna Safai
Production Manager Cameron Shaw Tel 415-392-3770
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 @2020 by SFAA.
Kent Mar, Neveo Mosser, J.J. Panzer, Bert Polacci, Dave Wasserman
SF APARTMENT MAGAZINE | NOVEMBER 2020
7
COLUMN
THE NEWS which must be filed by landlords or their attorneys, provides the court with the information necessary to determine whether CTRA applies to the case, such as whether the case involves residential or commercial property and whether the case is based on nonpayment of rent. The remainder of the forms are for use by tenants and their attorneys. The two new forms for tenant use are the Cover Sheet for Declaration of COVID-19–Related Financial Distress (UD-104) and Attachment—Declaration of COVID-19–Related Financial
Due Diligence
Non-payment filings can begin for tenants without coronavirus hardships.
implement CTRA’s provisions by giving tenants who miss the 15-day deadline to return the declaration of COVID-19 financial distress a second chance to claim COVID-19 hardship. Tenants must prove to the court that they had good
Editor’s Note: State and Federal guide-
charges. On September 2, 2020, follow-
lines and legislation are constantly
ing expiration of the Judicial Council’s
changing regarding the coronavirus.
Emergency Rule 1, most courts began
The Judicial Council also revised the An-
For the latest information, resources, fi-
processing unlawful detainer cases
swer—Unlawful Detainer (UD-105), the
nancial aid, and forms, visit www.sfaa.
based on reasons other than non-pay-
form used by tenants to respond to an
org or www.caanet.org/coronavirus.
ment, such as those cases seeking to
eviction filing. The form was revised to
cause for missing the deadline.
remove tenants who have engaged in
allow tenants to respond to allegations
California’s Judicial Council has ap-
criminal activity and nuisances. From
made in the Plaintiff’s Mandatory Cover
proved three new forms and one revised
April 6 to September 1, Rule 1 had
Sheet and Supplemental Allegations—
form for use in eviction cases governed
placed all unlawful detainer cases on
Unlawful Detainer (UD-101) and to raise
under the newly signed COVID-19 Ten-
hold due to the COVID-19 pandemic, ex-
defenses created by CTRA.
ant Relief Act of 2020.
cept those necessary to maintain public health and safety.
The forms can be found at www.courts. ca.gov/forms.
The new and revised forms will assist courts in implementing the COVID-19
Under the state’s new law, cases based
Tenant Relief Act, or CTRA, which pro-
on non-payment of rent have been on
The above content was provided by the
hibits the eviction of renters who claim
a one-month delay to allow the courts
California Apartment Association.
COVID-related hardships. At the same
time to prepare to implement the new
time, the law specifically provides clear-
rules created by CTRA. That delay ex-
ance for the court to proceed with un-
pired on Monday, October 5 for cases
Central SOMA Clean-Up Legislation
lawful detainer actions—the legal term
against tenants who have not claimed a
The San Francisco Planning Commis-
for evictions—against tenants who cause
COVID-19 related hardship.
sion unanimously recommended ap-
problems at the property.
8
Distress (UD-104(A)). These forms help
proval of legislation that would “clean One of the new court forms—Plaintiff’s
up” parts of the Administrative and
The new forms come just in time, as
Mandatory Cover Sheet and Supple-
Planning Code that were previously
the courts resumed on October 5 the
mental Allegations—Unlawful Detainer
amended in connection with the Cen-
processing of unlawful detainer cases
(UD-101) —has to be filed in all unlaw-
tral SOMA Area Plan (sfplanning.org/
based on non-payment of rent and other
ful detainer actions. The cover sheet,
central-soma-plan).
NOVEMBER 2020 | SF APARTMENT MAGAZINE
163-167 BELVEDERE ST, SAN FRANCISCO
3221-3223 MARKET ST, SAN FRANCISCO
34-42 ABBEY STREET, SAN FRANCISCO
3 units in Cole Valley
2 units in Upper Market
5 Units in Mission Dolores
$2,495,000
$1,495,000
$2,495,000
977 VALENCIA STREET, SAN FRANCISCO
130 GRAND VIEW AVENUE, SAN FRANCISCO
1678 GROVE STREET, SAN FRANCISCO
Located in the Mission District
3 Units in Eureka Valley
6 Units in NOPA
$1,995,000
$2,295,000
$2,295,000
136-138 BAKER STREET, SAN FRANCISCO
1701-1703 BRODERICK ST, SAN FRANCISCO
155 HARRIET STREET #3
2 Units in the Upper Haight
2 Units in Lower Pacific Heights
Live/Work Loft in SOMA
$1,850,000
$2,095,000
$795,000
35-39 PROSPER ST, SAN FRANCISCO 3 Units in Eureka Valley
30 GRAND VIEW TERRACE, SAN FRANCISCO
20 OAKWOOD STREET, SAN FRANCISCO
3 Units in Eureka Valley
3 Units in Mission Dolores
$1,795,000
$2,599,000
$2,195,000
219-223 FILLMORE ST, SAN FRANCISCO
228 FILLMORE ST, SAN FRANCISCO
1834 15TH ST & 91 RAMONA ST, SAN FRANCISCO
3 Units in the Lower Haight
Development Opportunity in the Lower Haight
4 Units Mixed-Use in Mission Dolores
$1,595,000
$2,400,000
$3,295,000
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
ALLISON CHAPLEAU
JUST LISTED
SF APARTMENT MAGAZINE | NOVEMBER 2020
9
The Central SOMA Area Plan was the result
submitted on or prior to July 1, 2020
of a multi-year planning effort that rezoned
would be grandfathered from the pro-
much of a 230-acre area adjacent to down-
posed lot coverage amendments;
town and surrounding the future Central Subway extension along 4th Street, which is
• Clarify and correct which sides of
DONATE TO THE SFAA LEGAL FUND TODAY
scheduled to begin operating in 2021. The
narrow streets in Central SOMA are
During the legislative process,
plan is anticipated to generate nearly 16
subject to solar plane setback and bulk
SFAA reaches out to members of
million square feet of new housing and
reduction sky plane requirements;
the Board of Supervisors to address points of concern, support,
commercial space, and over $2 billion in public benefits.
• Provide that buildings that are taller than would otherwise be allowed in
As described in the Planning Department’s
a given height district are to follow
staff report, this “clean up” legislation
the sky plane bulk reduction require-
would correct “grammatical and syntacti-
ments of the height district that is most
cal errors, un-intentional cross-references
aligned with the height of the building;
and accidental additions and deletions,” associated with the original plan legislation
• Require that funds collected through
adopted in 2018. However, there are also
the BMR in-lieu fee from Central
a few substantive amendments proposed,
SOMA projects be spent in the greater
along with clean-up items that have the
SOMA area;
Among other things, the legislation would:
• Clarify that payment of an in-lieu fee
Tenant Protection Ordinance, we’ll mobilize our membership in a grassroots effort to engage members of City Hall.
increasingly tenant-friendly city, law anyway. During the legislative
tion is granted to reduce the amount of
Privately Owned Public Open Spaces
where the exception is only related to
(POPOS) in the plan area. This strat-
design standards of the open space;
egy would need to be approved by the Director of Planning prior to approval
• Provide that funds collected through
of a site or building permit for the as-
the Central SOMA Community Fa-
sociated project;
cilities fee can be spent in the greater SOMA area, and not limited to the Cen-
hearing on June 8, the Land Use Committee heard from hundreds of small property owners. In the legislative file, there are 6,000 pages of comments from San Franciscans, almost all from housing providers opposed to the legislation. And yet, the ordinance was approved by a vote of 10-1.
tral SOMA Special Use District;
SFAA established its legal fund in
requirement applies to projects that • Expand the types of infrastructure
1998, and when the Board of Su-
20% and result in 50,000 gross square
projects that can be funded through
pervisors passes ordinances that
feet (gsf) of office space along with
the Central SOMA Infrastructure Fee;
violate our members’ rights, we
new construction projects that result in 50,000 gsf of office space;
• Allow project sponsors to meet part of their usable open space require-
• Revise lot coverage requirements for
ments off-site at a greater distance from
residential uses in the Central SOMA
the principal projects than initially
SUD to reflect that all floor levels with
proposed, particularly by enabling
residential space (including accessory
projects to build open space under
residential spaces such as common
and around the I-80 freeway within the
rooms) would be limited to 80% lot
Central SOMA Special Use District; and
coverage, except for floors whose only “residential” space is common lobbies
• Provide an exception allowing for
have no choice but to file litigation against the city. In recent years, we’ve seen a pattern of laws being passed that don’t consider or address the perspectives of housing providers. We ask that you donate to the SFAA Legal Fund today. Please write a check to the “SFAA Legal Fund” and mail it to the SFAA office at 265 Ivy Street, San Fran-
and circulation. 100% lot coverage
certain retail to be provided in lieu of
cisco, CA 94102, to support this ef-
would be permitted at floors where
a portion of the PDR requirement in
fort and to help build the legal fund
residential units are located within 40
connection with development of a Key
to function as a deterrent against
feet of a street-facing property line. Further, projects with applications
10
property owners, like the COVID-19
these proposals get voted into
open space provided, but not in cases
increase a building’s square footage by
that are particularly harmful for
open space requirements is only appli-
tenance strategy for all required
• Provide that the Central SOMA PDR
rental housing providers. On issues
for modifications or exceptions from cable where the exception or modifica• Require an operations and main-
tive or policy proposal that impacts
But oftentimes, especially in an
potential to affect pending and future development throughout the plan area.
or opposition on any given legisla-
NOVEMBER 2020 | SF APARTMENT MAGAZINE
The News… continued on page 61
future harmful proposals.
Adam Filly
Exceeding Expectations
Apartments | Mixed-Use | Commercial
Even in challenging times, Adam has achieved outstanding results for his clients.
Pacific Heights
Russian Hill
Available Properties
2727 Polk St | 7 Units | $4,995,000
2291-2299 Green St | 5 Units | $3,500,000
Just Sold
900 Broderick St | 13 Units
734 Green St | 10 Units
1345 California St | 8 Units
310 Parnassus Ave | 10 Units
553 27th Ave | 10 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 | NOVEMBER 2020
11
TREND ALERT
COLUMN
Work-from-Home Wave written by JEREMY W ILLIA MS
How the work-from-home policies of the Bay Area’s largest tech firms are shaping the rental landscape during the pandemic.
I
ized workforce in the coming years. In a recent podcast, Twitter’s CEO Jack Dorsey made the argument for allowing employees to work from home or “where they feel most creative and productive” indefinitely.
can clearly recall the sticker shock
Competitive WFH Policies
I experienced while apartment
The work-from-home policies of the
Facebook in turn has pledged to move
hunting when I first moved to the
Bay Area’s largest tech firms have made
over 50% of their workforce to remote
San Francisco Bay Area in 2007. I
headlines in recent months. These com-
work within the next 5-10 years. CEO
relocated from Los Angeles to attend San
panies have seemingly been in competi-
Mark Zuckerberg announced this plan
Francisco State University for my under-
tion with one another to implement the
to cut back on the cost of physical space
graduate studies. As freshman in college,
best version of an extended or indefinite
as well as to allow for more diversity in
a one-bedroom apartment would have
remote work policy, in responsive to the
their hiring practices and create a “more
set me back about $1,600 per month, if I
pandemic and shelter-in-place orders.
broad-based economic prosperity.”
Facebook, Apple, Google, Twitter, and
wanted to live alone. Queue roommates. For the decade following, the rents
Salesforce are a handful of companies
WFH and the Local Housing Market
seemed to climb steadily beyond what
with local headquarters in San Francisco
Progressive work-from-home policies,
anyone could have predicted. Over that
and Silicon Valley who have announced
although great for employees, are tak-
period, the Bay Area and Silicon Valley
that their office closures would extend
ing a toll on the local apartment rental
emerged in the international spotlight as
well into next year, and in some cases
market. With most offices closed and
the place to be for tech entrepreneurs.
employees would have the option to
remote work becoming the norm, rent-
If you wanted to start and grow a tech
work from home indefinitely.
ers have been rethinking the need to
company, it became a rite of passage to
live in densely populated areas during a
do so in the Bay Area. This new start-up
Google, with its over 45,000 Bay Area
national health crisis. The tradeoff of the
craze brought with it an influx of young,
employees, led the pack by being the
high cost of living to be close to work is
skilled, very well-paid workers, who
first to extend its voluntary work-from-
no longer a sound justification, espe-
began flocking to San Francisco and
home policy for most workers though
cially in local tech firms where remote
neighboring towns in the region, and
Summer 2021. After Google’s announce-
work is projected to continue through
who staffed roles in the rapidly growing
ment, which took place in late July of
next summer, if not indefinitely.
local tech sector.
this year, Apple and Salesforce followed suit with similar policies.
A new trend quickly emerged: As the
With the highest cost of living for renters in the United States, San Francisco
demand for housing rose, the cost of liv-
As tech workers begin to enjoy the op-
has quickly lost its popularity among
ing in the Bay Area began to soar. This
portunity to live and work untethered
tech renters who can no longer justify
uptick in prices became especially no-
from a physical office space, some may
paying high rents without any of the
ticeable in the apartment rental market.
not want to return to office life, even if it
fun perks of office life (i.e. free cor-
In the years leading up to the COVID-19
means giving up the perks they enjoyed
porate shuttles, gourmet meals, and
pandemic, the rent for that one-bed-
in the workplace.
entertainment), nor the neighborhood
room that was $1,600 per month a de-
12
and a move toward a more decentral-
amenities with many of their favorite
cade ago had more than doubled, to an
Twitter and Facebook have gone so far
bars, restaurants, and entertainment
average of over $3,500 per month.
as to boast indefinite “WFH” policies
venues shuttered during the pandemic.
NOVEMBER 2020 | SF APARTMENT MAGAZINE
John Antonini
+
Daniel Foley
Multifamily + Mixed-Use + Add-Value
Just Listed 1254 48th Avenue • 6 Units | Sunset District • $155,000 Gross Income • 1 Block from Ocean Beach/ Golden Gate Park • Call for Pricing
Just Sold
4401 20th Street • 7 Units | Castro • $328/ft, 13 GRM • One Unit Delivered Vacant
1435 Grant Avenue • 2 Units | North Beach • Full Renovated Duplex • Perfect for Live/Work
34 Abbey Street • 5 Units | Mission Dolores • 5% Cap, 13.5 GRM • $180,000 Gross Income
www.antoninisf.com Call/Email for Details + Market Updates John Antonini
415.794.9510 john@antoninisf.com DRE 01842830
Daniel Foley
415.866.7997 daniel@danielfoley.com DRE 01866714 SF APARTMENT MAGAZINE | NOVEMBER 2020
13
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 footage are approximate.
SFAA NOVEMBER 2020 SLATE CARD STATE & LOCAL BALLOT MEASURES
Just in the past few months, we have seen vacancy rates skyrocket and rents drop as tech workers pack up and leave San Francisco to work remotely in more affordable
Proposition 21
Local Rent Control Initialtive
NO
Proposition A
Health and Homelessness, Parks and Streets Bond
NO
Proposition B
Department of Sanitation and Streets
NO
Proposition C
Removing Citizenship Requirements for Members of City Bodies
NO
Proposition D
Sheriff Oversight
NO
Proposition E
Police Staffing
NO
Proposition F
Business Tax Overhaul
NO
cities. In their September National Rent Report, the website Zumper.com ranks San Francisco as the most expensive American city for a renter to live—with the average one-bedroom apartment at $3,040 per month. This is even after rental prices have dropped during the pandemic (14% lower when compared with the average rents from this time last year).
Where Is Everyone Moving to? Places like Denver, Portland, and San Diego have become popular towns outside of the Bay Area to ride out the pandemic. Known for their proximity to nature and laid-back
Proposition G
Youth Voting in Local Elections
NO
Proposition H
Neighborhood Commercial Districts and City Permitting
YES
Proposition I
Real Estate Transfer Tax
NO
rents for $1,400 - $1,800 per month on
Proposition J
Parcel Tax for San Francisco Unified School District
NO
work comfortably without breaking the
Proposition K
Affordable Housing Authorization
NO
have been flocking to these locales where
Proposition L
Business Tax Based on Comparison of Top Executive’s Pay to Employee’s Pay
NO
ranges, forests, and the beach lifestyle so
Measure RR
Caltrain Sales Tax
YES
CANDIDATES BOARD OF SUPERVISORS
lifestyles, these cities offer renters an affordable alternative to the Bay Area. In these cities, a one-bedroom apartment average. Here, tech workers can live and bank. It is no wonder why Bay Area renters they can have the access to mountain many of us in the Bay Area enjoy, and at a fraction of the cost. For young professionals, especially those who moved to San Francisco during the tech boom in the past 5 - 10 years, many
District 1 - Marjan Philhour
surveyed do not feel like they have strong
District 3 - Aaron Peskin
ties to the community. A recent survey of
District 5 - Vallie Brown District 7 - Joel Engardio District 9 - No Endorsement
roughly 4,500 tech employees conducted by Blind.com reported that two-thirds of these respondents would consider leaving the Bay Area for good, if given the opportunity to work from home indefinitely.
District 11 - Ahsha Safai STATE SENATE, DISTRICT 11 Scott Wiener
The million dollar question: Is this an overdue exodus of tech workers, which will continue to send vacancy rates in rentals
BOARD OF EDUCATION
skyrocketing, or is this a short-term wave
Michelle Parker Jenny Lam
that will only impact the local apartment market until tech offices begin reopening?
COMMUNITY COLLEGE BOARD Tom Temprano
SLATE CARD IS FOR SFAA MEMBERS ONLY
14
NOVEMBER 2020 | SF APARTMENT MAGAZINE
Trend Alert… continued on page 58
THE JONES TEAM Ethical. Human. Local.
This is the story of our Buyer’s Purchase at 1040 Redwood. Contact us to hear how we can write your story. SEP 2019
1
2
We toured the building off market at $2.5 Mil
MAR 17, 2020
Shelter in Place contributed to the market freeze
1 0 4 0 R E D W O O D H W Y F R O N TA G E R D M I L L V A L L E Y, C A L I F O R N I A
Our client was looking for a Commercial Office building to buy in Marin
3
OCT 2019
4 JUN 29, 2020
Purchased Agreement was executed at 30% below the initial price Pre-Covid 5 AUG 3, 2020
101 year old company McGuire Real Estate was sold to Sotheby’s SEP 28, 2020
6
Closed escrow with 1031 exchange & loan
Sold During Shelter In Place Contact us for a complimentary valuation on your building — whether buying, selling, or executing a 1031 Exchange, we can advise you on strategy. To receive our quarterly newsletter, send us your email and we will add you to our list.
Terrence Jones
Isabelle Salvadori
Lic. #01343939
Lic. #01506910
Terrence@TerrenceJonesSF.com
Isabelle@TerrenceJonesSF.com
TerrenceJonesSF.com | 415.786.2216
415.596.0659 SF APARTMENT MAGAZINE | NOVEMBER 2020
Senior Broker Associate
Real Estate Professional
15
COLUMN
LEGAL Q&A
Coming Up Short w r i t t e n b y VA R IOU S AU T HOR S
With ILO permits limited to only 1,000 in the city, stay away from entering rental contracts of less than 12 months. Q. I would like to rent the units just cause, and which states that any
in my duplex furnished for shortterm three-month stays and wait until rents are up again before finding a long-term tenant. Is this legal?
A. The short answer is “no,” this is
list only natural persons on the rental agreement as the tenant, and avoid leasing to corporations, trusts, or other non-human entities. Finally, make sure that your advertisements contain the required disclosure pertaining to the Rent
waiver by a tenant of their rights under
Ordinance’s applicability. Keep in mind
the Rent Ordinance is void as contrary
that all residential rental units in the city
to public policy.”
now come under the Rent Ordinance’s jurisdiction in terms of just cause evic-
With regard to enforcement, the Rent
tion protection, meaning this disclosure
Board shall process referrals regarding
should be in all advertisements, regard-
online listings that do not contain the
less of the property’s age.
not legal anymore. In July of 2020, the
disclosure about the Rent Ordinance.
Board of Supervisors passed what is
The Rent Board will notify the offend-
[For more information on which types
known as the Intermediate Length Oc-
ing landlord to correct the advertise-
of properties qualify for a license to per-
cupancy law, or the ILO. The ILO essen-
ment, and the landlord must make
mit ILO use, see sidebar on page 18.]
tially requires apartment owners to rent
the correction within three business
their apartments to natural persons for
days thereafter. If the landlord has not
at least twelve consecutive months and
made the necessary correction after
imposes some additional disclosure re-
this period, the Rent Board may begin
quirements when advertising an apart-
imposing fines not to exceed $1,000 per
ment for rent.
noncompliant listing. More importantly, the City Attorney’s office and local
The intent of the ILO is to encourage
nonprofits may also bring legal actions
the use of apartments for long-term oc-
against noncomplying property owners
cupancy by permanent San Francisco
for engaging in short-term rentals in
residents. The city will only license 1,000
violation of the ILO.
apartment units to be used for occupan-
16
In addition, as noted above, please
—Dave Wasserman
Q.
If a commercial tenant— a restaurant—is not following proper COVID-19 safety protocol, can I as the property owner be held responsible?
A. In terms of liability, we don’t generally owe each other anything, other than a duty of reasonable care to the public
cies for less than one year. In addition to
So unless you have one of the only 1,000
at large—not to cause or unduly permit
amendments to the Planning Code, the
licenses to permit ILO use for your
injury. This dynamic can be changed
ILO also supplemented the Rent Ordi-
rental unit, please stay away from this
by agreement (e.g., a commercial lease),
nance with the following provisions: (i)
practice. Yes, you may allow a tenant
enhanced by regulation (e.g., rent ordi-
rental agreements may not require a ten-
to breach a rental agreement without
nance), or shifted by circumstance (e.g.,
ant to vacate at the expiration of a stated
penalty, but you should not enter the
global pandemic).
term; (ii) rental units in most instances
transaction with the intent of creating
may not be rented to corporate entities
a short-term lease. For example, let’s
Readers of this magazine are all too
or non-natural persons; and (iii) every
say you rent to someone for a year and
familiar with how California law and the
online listing (and every print advertise-
that person ends up voluntarily leaving
rent ordinance increase the standard
ment if practicable) for a rental unit must
after six months. You may elect to not
of care to residential tenants. But the
contain a legible disclosure in at least a
pursue the former tenant for monetary
commercial leasing relationship is still
12-point font that includes the follow-
damages, but you should not advertise
largely a product of arm’s length negotia-
ing statement: “This unit is a rental unit
or otherwise seek to rent standard resi-
tion between parties. Commercial ten-
subject to the San Francisco Rent Ordi-
dential apartment units in this town for
ants are considered competent to agree
nance, which limits evictions without
under a year.
to pay for things like property taxes and
NOVEMBER 2020 | SF APARTMENT MAGAZINE
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**All offerings shown are Regulation D, Rule 506(c) offerings. 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, CA 94104. Kay Properties and Investments, LLC and Growth Capital Services are separate entities. These testimonials may not be representative of the experience of other clients. Past performance does not guarantee or indicate the likelihood of future results. These clients were not compensated for their testimonials. Please speak with your attorney and CPA before considering an investment. SF APARTMENT MAGAZINE | NOVEMBER 2020 17
DOES YOUR BUILDING QUALIFY FOR A LICENSE TO PERMIT ILO USE? The San Francisco Board of Supervisors amended the Planning Code to define Intermediate Length Occupancy (“ILO”) units as residential units “offered for occupancy by a natural person for an initial stay for a duration of greater than 30 consecutive days but less than one year” and by adopting a new Section 202.10 to the city’s Administrative Code capping the total number of ILO units in the City at 1,000. The new San Francisco law specifically authorizes a maximum of 1,000 ILO units in the city, but disqualifies units which are: (1) below marketrate with rents regulated by the city; (2) currently under SF Rent Control; (3) in buildings of three or fewer units; or (4) in buildings which have received a Notice of Violation from a City Department. Student housing, residential hotels, and buildings owned by non-profits are exempt from the 1,000-unit cap. For eligible buildings of four to nine units, no Planning Commission approval will be needed to rent up to one-quarter of the units in a particular building as ILOs. If a building has ten or more dwellings, ILO rentals will require advance approval by the Planning Commission, subject to the following restrictions: (1) no more than 20% of the building’s units may be classified as ILOs; (2) two-thirds or more of the allowed 1,000 ILO units are in the “downtown core” (a term the city has not defined), with the policy goal of ”keeping such uses near corresponding hotel and tourism districts and job centers”; and (3) no more than one-third of the city’s total allowable ILO units are found in “Census Tracts in Sensitive Communities,” as defined in the UC Berkeley Urban Displacement Project Sensitive Communities Map. This is an excerpt from M. Brett Gladstone’s Planning Ahead column, which printed in the September 2020 issue of SF Apartment Magazine.
18
liability insurance, or even to indemnify
compelling story than with reductive cau-
their landlords against lawsuits.
sation. If you have to make your case, a paper trail of working with your tenant to
In exchange for taking on these obligations
stay ahead of the law will be better than a
and liabilities, the commercial tenant gener-
shrugging of shoulders in insulating you
ally receives significant benefits. They can
from potential liability.
build out the unit, apply for changes in its —Justin A. Goodman
approved use, and run businesses out of the space. Or at least they could. Currently, our commercial businesses are in a fight for their life to use your space to generate revenue however they can. The inherent tension for landlords: you want your tenant to do whatever they can lawfully do to make money and pay rent. But if they operate in a legal gray area, and you turn a blind eye, the arms’ length distance might not save you from liability. For example, we’ve seen a recent proliferation of parklets around restaurants which
The information contained in this article is general in nature. Consult the advice of an attorney for any specific problem. Dave Wasserman is with Wasserman-Stern Law Offices and can be reached at 415-567-9600. Justin A. Goodman is with Zacks, Freedman & Patterson, P.C. and can be reached at 415-956-8100.
Legal Questions
?
couldn’t serve guests indoors. Many of these newer installations are made out of plywood (posing fire hazards when temperatures drop and heat lamps come in) and they are not necessarily ADA compliant. Starting in October, San Francisco is finally opening indoor dining, but with restrictions in occupancy/distancing and with new protocols, like collecting contact information for contact tracing, which some restaurants may not adhere to. If you have a restaurant tenant, you should keep up on the changes in law and keep an eye on your tenant’s operations. If you see violations of law (or common sense), it can’t hurt you to vocalize your concerns and ask how you can partner
Get Answers. Confused about local and statewide rental housing laws? Take advantage of SFAA’s legal information network. Before every SFAA General Membership Meeting, a diverse panel of San Francisco landlord attorneys answers your questions about your property, your tenants and the San Francisco Rent Ordinance. SFAA monthly meetings and legal panels are a benefit just for members, so make sure you are getting the most out of your membership and be sure to attend the next meeting.
with your tenant to achieve their goal in continuing operations. If their patron contracts COVID-19, there are some technical problems with blaming you, the property owner. (E.g., you didn’t invite them there, and it will be difficult to prove that this particular interaction is what exposed them.) But these are unprecedented times. A landlord could
Mike Stack
Real Estate Advisor
Call or email me today for a free & private analysis of your property’s value.
always be liable for nuisance—permitting dangerous conditions at a property—and if you’re aware of them, you should step in to mitigate them. While it might not be your fault, tort law plays better with a
NOVEMBER 2020 | SF APARTMENT MAGAZINE
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19
THE BIG PICTURE written by
PA M M C E L ROY
Mayor London Breed is working toward the bright and inclusive future she sees for San Francisco. As the first mayor in the country to issue a shelter-in-place order, San Francisco Mayor London Breed has been front and center—locally and nationally—through this tumultuous year. In this exclusive Q&A with SF Apartment Magazine, Mayor Breed talks about the women who inspire her, supporting small businesses and families through the pandemic, and the thriving future she sees for our city.
Pam McElroy: Who were the influential women in your life growing in up San Francisco? Who are the women who inspire you now?
Mayor London Breed: My grandmother, Ms. Comelia Brown, who raised me in public housing. She took care of me and my siblings. She taught me the importance of resilience, hope, and giving back to your community. Growing up, I was fortunate to have a strong network of women in my neighborhood who would look out for me and the other kids. Minyon McGriff supervised me at my first job at age 14 at the Family School, and she gave me an opportunity to learn and grow. With the help of strong women and community by my side, I was able to overcome the obstacles that I faced. There are so many women in my life who inspire me now, including Senator Kamala Harris. It’s been incredible to watch her grow into a national leader and take on the big national issues in Washington. She’s also never forgotten to put people first, which can so easily be lost.
McElroy: How did you first decide on a career in politics? What has kept you involved? Mayor Breed: I knew that I wanted to represent my community and make sure my community’s needs were listened to by the city. I had been working for years as the Executive Director of the African-American Arts and Culture Complex, dealing with the real challenges we were all facing. There were too many kids being left behind and people whose voices just weren’t being heard. That’s why I ran for the Board of Supervisors to represent District 5.
20
NOVEMBER 2020 | SF APARTMENT MAGAZINE
Photo Credit: Mayor London Breed Photography by Dennis Hearne
SF APARTMENT MAGAZINE | NOVEMBER 2020
21
I never thought I would be Mayor—that wasn’t my goal—but I love this job and am honored to have the opportunity to serve the City of San Francisco in this role. Every
major setback for women? How do you see this manifesting over the coming years?
open from several months to just 30 days. That will save businesses from having to waste months paying rent while they navigate endless bureaucracy. It will also make
day, I’m able to work toward making San
Mayor Breed: Even before CO-
Francisco a more equitable, affordable,
VID, women were facing many challenges
simple changes to their business, like hiring
clean, safe, and thriving city.
in this country. We earn less than men
someone to play a guitar, without having to
in the workplace, have fewer seats in the
go through a lengthy and onerous process.
boardroom, and we are underrepresented
We need to make it easier for our busi-
in Congress. And it’s concerning to see
nesses to open and to give them flexibility
that many women are bearing the brunt
to be creative if we want them to survive.
McElroy: As a female leader, what has been a significant roadblock or challenge in your career? Mayor Breed: Women are judged
it easier for our small businesses to make
of childcare due to COVID. For our part, we immediately created emergency youth
We have an opportunity to rethink
differently. Period. We are judged on how
and childcare programs for the children of
how we support our local businesses
we look and held to a different standard in
healthcare workers and other first respond-
and make sure small businesses are
how we act. It’s not fair, but it’s a reality.
ers. Recently, we launched our Community
part of our long-term economic recovery.
Hubs Initiative to provide childcare and
It’s critical that we find ways to help busi-
youth care to the highest-need families in
nesses make it through this pandemic,
San Francisco, which will take off some of
and make it easier to do business in
the burden and stress of childcare.
San Francisco.
McElroy: You made news for
being the first elected official to announce a shelter-in-place. Was that a difficult decision for you?
Mayor Breed: We knew that the
But we know it’s not enough for all families, and too many parents are juggling
situation would evolve quickly and we
remote schooling for their kids and their
needed people to be prepared, which is
own full-time jobs. That’s why we all need
why we took early action to warn the public
to do our part to get the virus under con-
and try to stress just how serious this was.
trol so that schools and more childcare
When I declared a State of Emergency in
programs can safely reopen.
February, I heard from a number of people
McElroy: You’ve emphasized building new housing at all income levels, but some Supervisors have implied that it’s no longer necessary because vacancies are up and rents are down. Is adding more new housing still one of your highest priorities?
our first confirmed cases on March 5.
McElroy: The pandemic has also had an enormous effect on small businesses. Can you talk about your ballot measure to help small businesses? How can we retain small businesses in San Francisco?
As we ramped up and took more and
Mayor Breed: Small businesses
more restrictive action to try to prevent
have felt an immense amount of stress due
enough housing and rents through the
the spread of the disease, I started to get
to COVID-19 and have balanced a number
roof. Housing has to be one of our top
frustrated because it seemed like we were
of responsibilities like paying rent, making
priorities, especially at this moment.
limiting crowds based on arbitrary num-
safety modifications, and supporting their
bers. It became clear that we were going to
employees. We’re doing what we can with
Building housing is key to recovering
shut everything down, and I’m just grateful
the resources we currently have available,
from COVID, since housing production
that for the most part the people of San
but we know it’s not enough and, all too
puts people to work and provides homes
Francisco understood and complied. I said
often, our current system makes it frustrat-
for more people in our city. Our long-
at the time that I’d rather act too early and
ing to own and operate a business in this
term goal is to build 5,000 new housing
be criticized for that than act too late and
city—or keeps people from wanting to
units with one-third permanently afford-
face the type of outbreaks that we’ve seen
open a business in the first place. We have
able, and preserve 1,100 existing housing
in other places.
to do better for our small businesses if we
units annually. And that’s the minimum.
want our neighborhood corridors to not
The good news is that during this pan-
only survive, but thrive.
demic, we have continued to entitle new
who thought that we were overreacting. Others said that we would cause panic, and that the panic would be worse than the effects of the virus. But it was only a matter of time before we had a COVID-19 case in our city, so it was not surprising when we had
McElroy: A lot of women are
having to take a step back from their careers to navigate remote learning and childcare. Do you see this as a
22
Mayor Breed: Anyone saying we don’t need to build housing today because we are in a recession is not paying attention to history. Building housing isn’t about today, it’s about tomorrow. It’s about making sure that in five or ten years, we aren’t back in the same situation we always find ourselves in with not
homes—over 5,000 since shelter-in-place Prop. H is a great step in this direction. It
started. So our team is still working hard
will cut the time it takes to get a permit to
every day to get more housing approved.
NOVEMBER 2020 | SF APARTMENT MAGAZINE
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© 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 | NOVEMBER 2020
23
FOR SALE
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FOR SALE
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NOVEMBER 2020 | SF APARTMENT MAGAZINE
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25
McElroy: What do you see for the future of office space in San Francisco? Mayor Breed: We’re at a place
is an investment in San Francisco’s public
faced for years. It has made it clear that we
health, and it will help keep our residents
don’t have time to waste in addressing the
safe, allow our businesses to operate, and
issues we face around housing, homeless-
help our economy recover. San Francisco
ness, and small businesses. I’m going to
has been a national leader in our CO-
continue pushing to reform our broken
in our response to COVID where we can
VID-19 response, but we cannot get com-
bureaucracy, which makes it near impossi-
start to consider when and how to reopen
placent. We know this virus is going to be
ble to build new housing, makes it difficult
offices in San Francisco. To be clear, we’re
with us for months to come, and we need
for small businesses to open and operate,
not there yet, but we know that bringing
to continue to build on the progress we
and which increases inequality in our city.
workers back to our downtown core is a
have made with these investments.
top priority to aid the recovery of small businesses who rely on downtown office workers as their customers. I believe that we will emerge from this moment, and that people will want to return
McElroy: Are there temporary
changes that the city was forced to make during the pandemic that you could see becoming permanent?
As we recover, we need to do so by focusing on equity to ensure that we do not let the usual NIMBYism prevent us from doing what is needed to make it easier for all of our residents to live and work in our city.
to downtown San Francisco. It’s often hard
Mayor Breed: Shared Spaces has
COVID has also preyed on the existing
to look beyond where we are today, but
been a great success for San Francisco.
disparities in our city, especially with how
I believe San Francisco will remain an at-
I absolutely love seeing people out in
it’s impacted the Latinx community and has
tractive place for businesses and workers.
public, enjoying themselves. I especially
preyed on the African American commu-
But we still have a lot of work to do to get
love the parklets all over the city, which
nity nationally. So we need to continue to
back there. We need to continue to be a
have brought a real positive energy to our
bring equity to the forefront of our policies
leader in public health to instill confidence
streets during this challenging time. Shared
as we make decisions for this city.
in our recovery.
Spaces has helped businesses survive and
McElroy: Balancing the budget
this year must have been extremely difficult. Can you talk about how COVID is requiring the city to prioritize its values?
Mayor Breed: This was, with-
it has given residents the opportunity to safely support their local restaurants and shops, while also feeling like part of the larger community. I’m excited that we’ve announced we are working on a plan to make elements of the Shared Spaces program permanent. The existing Shared Spaces program will continue throughout
McElroy: You’ve redirected funding from the San Francisco Police Department toward the African American community and other communities impacted by inequitable policing. Can you talk about how this furthers restorative justice, police reform, and economic justice?
out a doubt, the most challenging budget
the duration of the local emergency in San
I’ve ever experienced putting together.
Francisco, which remains in effect, and the
After a lot of good years, we finally had to
new effort will incorporate lessons learned
Mayor Breed: Reforms to any
make some really tough choices. But we
and ensure that the program’s benefits to
single system, including the criminal justice
still were able to take care of some key
businesses and the community continues
system or the police department, must
priorities, like funding our Homelessness
throughout San Francisco’s long-term re-
therefore go hand-in-hand with closing
Recovery Plan that will move thousands of
covery and beyond.
those gaps and ending the disparities that
people from the streets into housing; fund-
we know exist. In San Francisco, we have
ing innovative solutions like our Street
Additionally, streamlined permit processes,
done a lot of that work—not only address-
Crisis Response Teams to assist those who
like our Just Add Music permit, are a great
ing police reform, but also other equitable
suffer from mental illness and addiction
example of the types of changes we’ve
policies. These policies include eliminating
on our streets; and addressing systemic
been able to make in city government that
criminal justice fines and fees; making calls
racism by making a historic investment in
make it easier and faster to do businesses
from jail free and ending commissary mark-
the African-American community.
here. We have to get better at doing things
ups; and clearing over 88,000 holds on
faster, and not letting bureaucracy get in
driver’s license suspensions for people who
our way.
failed to appear in court simply because
We met these key priorities while continuing to fund our nationally leading response to COVID with over $450 million dedicated to testing, contact tracing, health support, food, temporary housing, and shelter for our most vulner-
McElroy: How have your legislative priorities shifted since COVID-19?
able residents. The funding that we’ve
Mayor Breed: This crisis has only
directed to the city’s COVID-19 response
exacerbated the existing crises we have
26
NOVEMBER 2020 | SF APARTMENT MAGAZINE
they could not pay their traffic fines. We have to invest in mental health in our schools and make sure our young people have the opportunities and support they The Big Picture… continued on page 56
SF APARTMENT MAGAZINE | NOVEMBER 2020
27
PROFILES in POWER written by
E M I LY L A N DE S
Meet the women redefining leadership in San Francisco. “Women belong in all places where decisions are being made. It shouldn't be that women are the exception.” —Ruth Bader Ginsberg What does it mean for a company, a culture or a community when women are in positions of power? As you’ll see in the incredible stories below, a woman in a leadership role can bring people together, grow a business or organization from the ground up, and even change people’s minds about what all women are capable of achieving.
Janan New, Executive Director of SFAA When Janan New arrived at SFAA over two decades ago, the organization was much smaller than it is today and suffered from interpersonal conflicts amongst its leadership. Over the years, New has grown the nonprofit—in its member size, in its programming and in its political might. That was not an easy task given how technology has changed over the years, making it easier for new legislation impacting property owners to come before the Board of Supervisors or end up on the ballot. “When I started and we needed to see the new legislation, I’d have to walk over to City Hall to get it. There was no email, no cell phones. We had a fax machine, but that was it,” New recalled. “We also had maybe one piece of legislation a year. Now we’re always getting punched because of how quick our world is and the ability of people to communicate.” New said legislative ideas used to be more home-grown, but with the advent of the internet local politicians looking to curry favor with tenant groups began pulling ideas from all over the country. “We used to be able to negotiate and create good policy,” she said. “But now it’s a bombardment, a new idea every day. Some are good but most are not, and I don’t think it’s healthy for either side.”
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NOVEMBER 2020 | SF APARTMENT MAGAZINE
SF APARTMENT MAGAZINE | NOVEMBER 2020
29
Despite the growing rancor, New says she
she said, “We’re trying to do our jobs as
Spaces program, which is what has al-
tries to bring a sense of levity to her leader-
best we can.”
lowed so many businesses to operate on sidewalks, streets and parking spaces, thus
ship, something she learned from a female mentor at her previous job at Wells Fargo,
Technology, which in New’s mind has
giving them the opportunity to conduct
Karen DeLong. “She was great at teaching
hastened the end of constructive political
business in a safer, outdoor environment.
accountability coupled with humor and
discourse, has also been a great help, she
“Given the public health need to maintain
fun,” New says, adding that when she left
admits. From Zoom calls amongst the staff
physical distance and the restriction on
the bank to work for SFAA DeLong still
to a first-ever virtual trade show, her staff
some indoor uses, the Shared Spaces pro-
took the time to counsel her on numerous
has the tools they need to succeed in these
gram offers one more option for businesses
issues that arose.
very strange times. “Technology has en-
who are struggling,” Chu says.
abled our continued communication,” New New also got inspiration from some of the female politicians she worked with at the
said. “If we didn’t have that, we’d be lost.”
Given that time was of the essence for many desperate business owners, the ap-
who they were and what their positions
Carmen Chu, San Francisco Assessor-Recorder and Co-Chair of the San Francisco Economic Recovery Task Force
were, and they voted that way,” she says.
For Carmen Chu, the pain that those in the
that might otherwise have needed to shut-
“We don’t have those kinds of leaders any-
restaurant industry are going through as
ter permanently.
more. People will agree with you in private
a result of COVID-19 restrictions is very
but explain that they can’t vote that way in
personal. She grew up waiting tables and
But we cannot stay outdoors forever. Next
public. Everyone has moved further into
helping out at her family’s restaurant and
up on Chu’s radar is thinking about a safe
their corners.”
she knows first-hand just how much people
return to the city’s downtown highrises,
have riding on their small businesses. “My
where the lack of office workers has been
start of her career, even if she didn’t always agree with them. “You always knew where you stood. They were women who knew
proval process was designed with quick turnarounds in mind. Over 1,700 of these permits have been approved in the city thus far—providing a lifeline to businesses
One positive thing New has been happy
parents were immigrants who saved every
devastating to those in food services, cater-
to see more of lately is women support-
penny to take a chance on opening up their
ing, public transit, janitorial services and
ing women. “We have a sincere focus
own business,” she says. “They put a lien on
building management. But before we can
on keeping people housed. Our policy
our home to secure a small business loan
bring people back to the office, she says,
objectives may be different, but in gen-
and they rarely took a day off work to make
we’ll need to double-down on simple pre-
eral it’s less of a political game and more
sure there was enough to cover expenses.”
cautions like mask wearing and avoiding crowded spaces, as well as supporting our
of a problem solving atmosphere with a goal of keeping people in their homes,”
At the same time, Chu says, we must
health infrastructure in order to keep our
she says.
balance the need to support our small
COVID death rate among the lowest in the
businesses with the continued safety pre-
country. “For us to be successful in recov-
New has particular empathy for fellow
cautions to keep COVID cases low. This
ery, we have to pay attention to keeping our
working mothers, whom she feels take the
means relying on what we know and are
workers safe and to ensuring customers are
brunt of the household responsibilities
learning day by day about how COVID
safe re-engaging in the economy,” she says.
when the delicate web of childcare comes
spreads, how to prevent that spread and
unraveled. “If we want women to succeed
how to treat it effectively, in order to inform
Particular attention must be paid to
and be empowered, then we need quality
how the city gets back to work. “Our goal is
women, especially women of color, who
childcare and education,” she explains. “A
to think creatively with our health partners
have been disproportionately impacted by
different model is needed. The structure
to find solutions for businesses to resume
the pandemic. “As we think about recov-
we’ve created doesn’t serve children or
here in San Francisco,” she says.
ery and growth, we should pay attention to who policies benefit and whether we
working mothers.” To that end, in addition to her assessor-
can prioritize investments to create real
That has never been more clear to New
recorder duties, Chu is co-chairing the city’s
economic opportunity for marginalized
than it was this past spring, when COVID
Economic Recovery Task Force. The task
communities,” Chu argues.
restrictions put many women into dire
force includes small and large businesses,
straits, suddenly faced with no child care
labor partners, non-profit service providers
and still-demanding careers. More than six
and others in the community to determine
months after the pandemic began, she still
policy recommendations that will support
Martha Ryan, Founder and Executive Director of the Homeless Prenatal Program
had not asked her staff, many of whom are
the economy during this fragile time.
As a San Francisco nurse in the 1980s,
the mothers of young children, to come
Martha Ryan always intended to return
back into the office. “Until school reopens, I
One of the biggest success stories to come
to Africa, where she had earlier served in
can’t ask people to come back in full time,”
out of the task force is the city’s Shared
the Peace Corps and hoped to work with a
30
NOVEMBER 2020 | SF APARTMENT MAGAZINE
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team dedicated to public health. But when
sure we continued growing and refining
She feels that even though jobs were
a public health crisis presented itself much
our services to best meet their needs.”
difficult to get as a female painter in the beginning, being a woman actually helps
closer to home, she could not look away. “I’d been volunteering with Healthcare
And grow they have, moving from what
her make quicker connections with her cli-
for the Homeless and was encouraged to
Ryan describes as a “closet of a shelter” to
ents. “At first it was challenging in a male-
look more deeply into this problem, so I
a larger rental space and then eventually
dominated field,” she recalled. “Although,
went out and spoke with these women,”
buying their own building in Potrero Hill.
considering that most of my clients were
she recalls. “I remember asking a pregnant
More recently, HPP was tapped to help the
women, soon it was easy to work faster,
mother in a shelter if she was under a doc-
city run Jelani House, its first-ever shelter
smarter, and more detail oriented than
tor’s care. She replied, ‘I can’t worry about
for homeless women and their babies.
most of my male competition.”
the baby in my belly because I’m worried
“During the pandemic, Jelani House has
about the kids I’ve got.’”
been a safe and healthy place for these
It was that quality and passion that con-
women to both connect with their babies
vinced the city to hire Winning Colors in
This woman served as an inspiration to
and build a community,” Ryan said. “Jelani
2013 to paint and maintain the facades of
Ryan, who “somewhat on a whim” wrote
House is transitional, meaning women
many city properties, a position she held
a grant to the San Francisco Foundation
can stay for up to 18 months, and already
until earlier this year. Riccardi recommends
and received about $50,000 to begin what
we’ve have had multiple women exit to
that other women looking to get started in
is now the Homeless Prenatal Program, a
permanent housing.”
the industry seek out city contracts or an apprenticeship to move to the next level.
non-profit that serves about 3,500 families each year and has an annual budget of
By investing in women, particularly moth-
$13 million.
ers, the city will see gains for at least two
Riccardi has certainly moved up in the
generations, Ryan argues. “In creating
painting world, having now painted over
But back then, success was far from certain.
opportunities for women to succeed, we
400 of the city’s Victorians, including the
“When I was told HPP’s first grant was suc-
create opportunities for their children to
complete restoration of the Henry Ohlhoff
cessful, I have to say, I thought about giving
thrive and on and on,” she says.
house, an addiction treatment center in the Lower Haight. That project took about
the money back,” Ryan admits. “I had no idea what I was doing!”
Nita Riccardi, Owner of Winning Colors
three months and involved all new metal, new wood and even a new roof.
Ryan used her experiences working in
When Nita Riccardi started painting houses
African refugee camps to hit upon a win-
back in the late 1980s, she can still remem-
But Riccardi is proudest of her work at
ning formula: hiring women in the com-
ber the shock on people’s faces when she
400 Duboce, right by the N Judah/J Church
munity being served to act as a bridge
would show up: “People would say, ‘A lady
tunnel. The 90-unit apartment building is
between those in need and those trying
painter? Wow!’”
“the largest wooden structure west of the Mississippi,” says Riccardi, and the project
to help them. “As a part of the community,
took several months to complete.
they were able to build trust and create
But what was shocking to some was a no-
momentum much more effectively than
brainer to Riccardi, who began her paint-
we ever could have,” she said. “These
ing career in Southern California during
Riccardi counts people skills and perse-
women had so little—both in means
a construction boom. When she moved to
verance among the qualities that have led
and in societal status—and yet when we
San Francisco, Riccardi quickly decided
her to be so successful. “Anyone can roll
trained them to be links between our
that her calling wasn’t in painting new
out of bed, get their contractor’s license
team and those we were there to serve
homes, but in restoring old ones. “I chose
and start projects,” she said. “The hard
they rose as leaders. They stood taller and
Victorians because there are so many
part is finishing them.”
they beamed with newfound confidence.
here in the seven square miles that need
They were so poised and so courageous
attention and it’s never ending,” she said.
It helps that Riccardi truly loves what she
in taking on their new roles, and—es-
“It is a work of art and a labor of love.”
does and says that, despite some initial challenges, she couldn’t imagine doing
pecially in those early years at HPP— I She started her own company, Winning
anything else. “If I could do anything, I
Colors, in the mid 1990s and, as the name
would do exactly what I do—make the city
Using that model, Ryan began HPP by
indicates, color consulting is a big part
colorful and restore the beautiful architec-
hiring formerly homeless mothers to her
of her business. Riccardi learned from
ture of San Francisco.”
staff. “They are the true experts of the
her friend and legendary Victorian color
work,” she said. “I think the most im-
consultant, Bob Buckter, that choosing
portant lesson I learned was to listen: to
the correct colors are is about collabora-
listen to my staff and colleagues, but also
tion—between herself, the owners and the
to listen to the families we served to make
buildings themselves.
wanted to lead by their example.”
32
NOVEMBER 2020 | SF APARTMENT MAGAZINE
Emily Landes is a freelance writer and the former editor of SF Apartment Magazine.
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AROUND THE BLOCK written by
T E R R E NC E JO N E S
An analysis of average rents, vacancies, and sought-after amenities, neighborhood by neighborhood. The rental market in San Francisco is going through a tumultuous time. We have had a number of tech companies make statements about the long- and short-term futures of their offices in San Francisco. Those proclamations mean tenants are leaving their San Francisco rentals. Check out the sidebar on page 36 for a few of the statements that are impacting the rental market. Of course, tech workers are not the entire rental market in San Francisco, but the young, educated, well-paid workers at high-profile companies have been the major force driving the increasingly high market rents in units throughout the city for the past 10 years. As these tech workers have been liberated from their offices, there have been some shifts in the rental market. Some of those renters are moving out of San Francisco completely. This exit is an easy decision for those who were already thinking about moving to the suburbs and starting a family. For those who remain in the city, there is a bit of a “musical chairs’’ game going. Since the COVID-19 pandemic and corresponding shelter-in-place order, San Francisco has seen lower rental rates in general. According to a Zumper National Rent Report from September 2020, San Francisco is leading the list of most impacted major markets in the United States in terms of rent reductions. The report shows one-bedroom units (1x1) renting at a 14.1% decline and twobedroom units (2x1) renting at a 15.0% decline versus the same period in August 2019. The report is interesting, but like a bathroom scale used to test the health of a person, there is more to the story than just the aggregate number. The trouble with Zumper’s data is that San Francisco has many different neighborhoods and those neighborhoods each tell different stories. We have almost as many micro-rental markets as we have micro-climates. I have spent much of the past six months talking to owners, tenants, rental agents, and property managers and have heard a variety of stories about what they are experiencing. Please keep in mind, this is not an exhaustive analysis of all the rentals in all the units in all the districts, but rather the best data I could find from a variety of sources and some of the data points we have are current as of mid-September 2020. The areas are sorted by hardest-hit to least-impacted. The numbers in parentheses at the beginning are the percent decrease in rents for the areas versus the rents in September 2019. The areas are not ranked by cost of unit, but by the percent decrease versus the rents achieved last year at this time. The parentheses after the district name contain the MLS district numbers that correspond to the market.
(30%+ Down) South of Market (9f &9g) When the UC Hastings lawsuit was settled, many among the homeless population moved out of the Tenderloin to the South of Market district. The massive July fire on 14th Street and Folsom Street is still “under investigation” by the SF Fire Department, but it is rumored to have been caused by a tent camper. Tents and fire are just part of the story of the decline of SOMA. Another is the boom of new high-end rentals designed to cater to the young tech workers who walk to work at office towers like Salesforce.
34
NOVEMBER 2020 | SF APARTMENT MAGAZINE
SF APARTMENT MAGAZINE | NOVEMBER 2020
35
WFH STATEMENTS Twitter –Employees can work from
home forever
Google –Employees can work from
The agent said they are not taking any lease
a building with no laundry facilities and
assignments South of Market now because
move to a one-bedroom unit one block
there is too much product and no demand.
away for only a $200 increase. For the small
The reality is that this market as a whole is
increase, she got slightly more space with
closer to 30% or more below where rents
in-unit laundry.
were last year.
(20% Down) Tenderloin Market (8j)
(15% Down) Mission Dolores (5m) and Inner Mission District (9c)
The tenderloin has been hammered with
The Mission District is actually a tale of
lawlessness, open drug use, and tents on
two districts. One is the area near Mis-
the sidewalks. There was some reprieve
sion Dolores Park (5m) with its expansive
when UC Hastings was able to get the
grassy view of downtown, a place where
Board of Supervisors to agree to a settle-
people love to eat their lunches after pick-
ment through the lawsuit it filed with
ing them up at a Mission or Castro district
off 3,000 more employees and closing its Pier 70 San Francisco office space. The loss of 6,700 total positions represents about 25% of the 26,900 employees the ride-hailing giant had at the end of December.
residents from the Tenderloin, but after
restaurant. The other is the Inner Mission
a short period of improvement, the area
(9c) area around 16th Street and Mission
has seen a resurgence in drugs and crime.
near the BART station, which is grittier
Because of this, vacancies are way up and
and impacted by street drug dealing and
rents are down significantly.
tent campers.
One possible optimistic solution was put
Sebastian Gaetani, a property manager at
Pinterest–According to an article
forth by the City Attorney’s office in late
Gaetani Real Estate, noted, “I am currently
September: To tighten up on drug dealing.
showing two units close to 22nd Street and
It will be interesting to see if DA Boudin
Dolores for a client I manage leasing for,
backs this move to restore livability to the
which is three blocks from Dolores Park.
area’s hard-hit residents and businesses.
One unit, in particular, was renting for
home until summer 2021
Facebook–Employees can work
from home until summer 2021
Amazon –Employees can work from home until Fall 2021
Uber (May 18, 2020) –Uber is laying
from Costar (September 1, 2020), “Pinterest is walking away from a high-profile lease in an unbuilt San Francisco development, the biggest sign to date that tech companies may be losing their appetite for upscale Bay Area office space. ‘As we analyze how our workplace will change in a post-COVID world, we are specifically rethinking where future employees could be based.’ said Todd Morgenfeld, Pinterest’s chief financial officer, in a statement. ‘A more distributed workforce will give us the opportunity to hire people from a wider range of backgrounds and experiences.’”
$4,795 but we are currently asking $3995,
(15% Down) Downtown Market (8a)
which is a 16% drop in rent. This is a very
This district is also known as Lower Nob
large top floor unit with two bedrooms
Hill and is characterized by larger build-
and one-and-a-half baths, laundry, and
ings with rental rates at reasonable rates.
an updated kitchen. I have another in the
These rentals have increased over the past
same building, which is a first floor two-
10 years, but at a slower rate compared to
bedroom that is now renting for $2995.
more affluent areas. Tenants here are often
The previous tenants were paying $3,495,
students at the Academy of Art or work in
which is a 14% drop in rent. This, too, is a
retail, hotels, bars, and restaurants around
very nice apartment with in-unit laundry
Union Square or on Market Street. I help
and an updated kitchen and bathroom.”
manage some rentals in this market and we have seen a 10% to 15% reduction in the rental of units compared to a year ago.
(12% Down) Pacific Heights (7b) and Cow Hollow (7d) Pacific Heights has always been the pres-
For example, the 40-story new rental build-
This area has been hit hard by the migrat-
tige address with Cow Hollow hot on its
ing at the former Goodwill Store site at 1550
ing homeless campers removed from the
heels. Both areas have nice park access
Mission has recently completed 550 units.
Tenderloin by the UC Hastings lawsuit. I
with food and grocery available nearby at
This luxury rental is owned by Related and
spent a few weeks in September begging
Laurel Village and Union Street. Gaetani
when it was imagined, amenities like a
the District 3 Supervisor, Public Works,
is seeing prices of nice units in the area
pool, gym, and its close proximity to work
and MTA to resume street cleaning to help
trending down 15% from where they were
were the focus. Now that it's complete, the
maintain the curb appeal in the neighbor-
last year at this time. Sebastian said, “I
amenities are temporarily closed due to
hood. Some retail stores are trying to re-
currently have three units that just came
COVID-19 and the appeal is down—and so
open and they are having a tough time with
up in one building in the heart of Pacific
are the rental rates. According to a Septem-
the grime. Hopefully, as of this writing,
Heights. One is a top floor two-bedroom
ber 18th article by Costar, the asking rents
the poop and garbage in the gutters that
unit that is completely remodeled and very
for these luxury rentals are down by 16%.
have piled up for the last 30 days will soon
spacious. The previous tenants were pay-
Last month, I referred a client to a high-end
be swept again. The market is so fickle
ing $4,300 and we are going to be asking
rental agent to lease his St. Regis condo.
now—we had one tenant vacate a studio in
$3,695, which is a 14% drop in price. In the
36
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NOVEMBER 2020 | SF APARTMENT MAGAZINE
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SF APARTMENT MAGAZINE | NOVEMBER 2020
39
same building, I have a two-bedroom unit
is not uncommon to see someone move
Another factor that is compounding the
and the tenant was paying $3,800. We are
from a $3,400 one-bedroom, one-bath
vacancy rate is the resistance of own-
currently marketing the unit for $3,395.
unit on a hill in the north side of the city
ers to rent far below market for fear it
That is a drop of just over 10%.”
to $3,650 two-bedroom, two-bath by the
will impact the value of their building if
park. These properties offer much more
they decide to sell in the next two to five
room to shelter-in-place, have Zoom calls,
years. According to one of my clients with
and take a bike ride in the park at lunch.”
high-end rentals in Pacific Heights, he is
(10% Down) Marina Market (7a) The Marina District has been one of the brighter spots in the market for rentals
getting demands for 15% below whatever
Green gives tenants the option of getting
(5-6% Down) North Panhandle (6f), Haight (5b), Alamo Square (6e), Hayes Valley (6b)
outside without being subject to shut-
What is drawing people to this currently
the next few years. He would rather keep
down restrictions if there is a resurgence
hot area are high walkability scores, due
the units empty and wait a year so he can
in COVID-19 cases. I talked to Craig
to accessibility to the Divisadero Corridor
try and get a higher sale price than rent
Berendt of Berendt Properties, and he is
and Hayes Valley restaurants. According
them now at 15% less in today’s rental
seeing the smaller one-bedroom, one-
to Salman Shariat, “The restaurants and
market. With this strategy, he believes he
bath units down by about 10%, while the
outdoor spaces in the Panhandle are big
will ultimately generate much more on
larger three-bedroom, two-bath units are
draws for these markets.” I have noticed
the sale than was lost on the vacant units.
down at least 15%. High-end apartments
that owners in this area are concerned
with rents of $6,000 per month or more
about the tents that have been given to the
I spoke with Samantha Chandler DuVall at
are getting hit much harder.
homeless, facilitated by the sitting District
Chandler Properties, who had an interest-
5 Supervisor. Hopefully, by the time this is
ing point about the relative impact of CO-
published, there will be an alternative so-
VID-19 on rents. “Although no owner is
The Noe Valley Voice wrote a nice rental
lution to housing for the homeless in this
happy that rents are down across the city
update article using Craigslist data. Their
market and all of San Francisco.
by 15% -20%, one interesting perspective
during the COVID-19 downturn. Its proximity to outdoor space like the Marina
(8.5% down) Noe Valley Market (5c)
survey compared the asking rents from August 2020 to the asking rents from August 2019. In this article, they quoted
price he asks. The client does not want to take the chance of locking in lower rents now, because he is thinking of selling in
is that as of last year, rents were up 40%
Top Trends Seen in the Rental Market since COVID-19 Arrived:
studio apartments being down 9% and one-bedroom, one-baths down 8%. One
• Higher residential vacancy rates in all parts of the city
the net gain since 2008 is about 24% and that's an average 2% rent growth per year from 2008-2020. There are many markets in the United States that would kill for
helpful part of this article is that they noted the count of available units in Au-
since the 2008 downturn. That means
• Retail business failures for many long-
that kind of rent growth. San Francisco
gust 2019 at 93 and August 2020 at 210,
time SF businesses, and high retail
will be back gaining in rents again at a
which proves that there is more available
vacancy rates
stronger pace once the COVID-19 crisis is under control.”
inventory on the market now. It would be nice to have this data for all markets, but that would be a very big job. Regardless,
• Preference for larger units to work and Zoom from home
of the least in the major markets in San Francisco at this time.
These trends are what the top leasing agents, owners, and property managers
the net market decrease seems to be one • Preference for proximity to outdoor spaces in parks or the near the ocean
are seeing in the COVID-19 market. If you can keep a tenant in place with a small rent reduction, do it. If you cannot keep
(6-8% Down) Sunset District Market (2e, 2f, & 2c) and Richmond District Market (1a, 1b, &1e)
• Preference for safer areas, away from
These districts border the very appealing
• Preference for units with parking. Buy-
tent campers and street drug use
ing used cars to avoid Uber and Lyft
Gate Park and Ocean Beach. According to
COVID-19 exposure is trending up
Salman Shariat at Sutro Property Manage• Preference for fewer or no roommates
Golden Gate Park are leasing more quickly than units farther from the park. “People enjoy the larger units for the money in
• Preference for in-unit or in-building laundry facilities
these districts. We are seeing people moving from Nob Hill and Russian Hill to find
• Preference for buildings without eleva-
more space for roughly the same price. It
tors to decrease COVID-19 exposure
40
NOVEMBER 2020 | SF APARTMENT MAGAZINE
do your best to emphasize the top trends in your market, which will set you apart
COVID-friendly amenities found at Golden
ment, his clients who have rentals closer to
your tenants and need to fill a vacancy,
from the competition. Terrence Jones is a Senior Broker Associate with Corcoran Global Commercial. He can be contacted at (415) 786-2216 or terrence@terrencejonesSF.com.
sfaa’s Lunch & Learn
Maintenance Requests Webinar LUNCH & LEARN MAINTENANCE REQUESTS WEBINAR
Your tenant needs work done in the unit. Who do you send out? How does the worker handle going into the unit? What things should be in place before they enter the unit? Come learn on your lunch break how to deal with a maintenance call during this time of shelter in place. This class will be taught by Michelle Horneff-Cohen of Property Management Systems. Once you complete the registration you will be sent a separate link to register for the Zoom webinar systems. Upon completion you will be sent the event access ID. DATE & TIME:
Tuesday, November 3, 2020 12:00 p.m. - 1:00 p.m. COSTS:
Members: $25 Non-Members:$40
REGISTRATION:
For more information contact Stephanie Alonzo at: 415.255.2288 x113 or stephanie@sfaa.org
*Credit Card payment required for Non-Members
sfaa’s Lunch & Learn
Habitability Issues During the COVID-19 Pandemic HABITABILITY ISSUES DURING THE COVID-19 PANDEMIC
California Civil Code Sections 1941 and 1942 define a landlord’s responsibilities for repairs. Find out what your responsibilities are for providing a safe, sanitary and livable unit for your tenants during the COVID-19 pandemic. Once you complete the registration you will be sent a separate link to register for the Zoom webinar systems. Upon completion you will be sent the event access ID. DATE & TIME:
REGISTRATION:
Thursday, November 12, 2020 12:00 p.m. to 2:00 p.m.
For more information contact Maria Shea at: 415.255.2288 x110 or maria@sfaa.org
COSTS:
Members: $45 Non-Members:$55
*Credit Card payment required for Non-Members
Webinar SF APARTMENT MAGAZINE | NOVEMBER 2020
41
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NOVEMBER 2020 | SF APARTMENT MAGAZINE
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
SF APARTMENT MAGAZINE | NOVEMBER 2020
43
FIRST AND FEMALE
One.
MEET SAN FRANCISCO’S FIRST-WAVE FEMINIST HOUSING MOGUL, GRACE PEREGO, IN SIX ACTS.
Helen Grace Greenwood Yager stands up, cradling her three-month-old son Jackson. She’s 28, her patrician features brushed with the haze of new parenthood. She raises her right hand and swears to tell the truth, the whole truth, and nothing but the truth, so help her god. It’s 1913. The whole mess comes spilling out, splashing into the Chronicle the next day. She was 17 when she married William in their home state of Kansas, and they traveled west in the dawn of the new century. William ran a construction firm, Helen Grace helped with the building sales. It was modest, but successful. Eventually, William started taking work trips up and down the coast: Portland, Seattle, Los Angeles. And on these trips, he was — apparently — in the habit of traveling with another woman, whom he introduced as his wife. Right around the time Jackson was born, the other woman finally spurned his advances, and William confessed everything. The gavel comes down, and Helen Grace walks out of the courtroom with Jackson and an alimony. It’s enough to cover rent and then some. She drops the “Helen,” and some time over the next year or two, she returns to the real estate business.
Two. The iconic plunging strings which open Renée Geyer’s cover of “It’s a Man’s World” vibrate anachronistically overhead, as Grace Perego emerges — backlit, in slow motion — from billowing clouds of steam off a locomotive. Lace brocade and ostrich feathers. Tonight, she’s closing the sale on an under-construction apartment building on Clay and Polk. Three stories of scaffolding and iron girders glimmer in the streetlights. It’s 1922. After the divorce, she started out catch-as-catch-can: brokering small flats andflipping farmland in Santa Rosa. During her short-lived second marriage to Capt. Fordyce L. Perego, they pooled their funds so she could swing larger properties. In the Chronicle, these sales are credited to “F.L. Perego and wf” — but we all know what’s up. Fordyce ships off to Manila. She finally got her name on the door with a partnership: Kincanon & Perego. She handles sales, prolific builder John Kincanon handles the construction. They put up a factory or two, but small apartments are their bread-and-butter. At this point, a woman in real estate is a rare bird: They comprise only 2% of professional realtors in 1910 and 6% in 1920. The numbers are probably even lower for builders, but I don’t have the stats. She was the first (and for many years, only) woman in the San Francisco Builders’ Exchange, and a founding member (as well as Secretary- Treasurer) of its sister group, the Home Builders’ Association. Slowly but surely, it’s all coming together. And if she can land tonight’s sale, that’s one more step on the way. Step by step, and she’ll be operating in the same league as any man in the game. Step by step, and she can drop the partner entirely, and move forward however she pleases, no questions asked. She strides across the road toward the prospective buyers, ready to close the deal. Ready to take the next step. The above is an excerpt from “First and Female” by Devin Smith from the April 2019 issue of SF Apartment Magazine. To read all six acts of Grace Perego’s life in Bay Area real estate, visit the magazine archives at www.sfaa.org.
44
NOVEMBER 2020 | SF APARTMENT MAGAZINE
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
Speak Up!!
5/20/11 1:16 PM
about SFAA Tell SFAA what you think of the services that it offers. You’ll be helping SFAA reach new members by telling prospective members about your firsthand experience!
Please take a few moments to answer the questions below (please be as specific as possible): •
Would you recommend SFAA services and products?
•
What is the biggest benefit that SFAA provides?
•
How has SFAA helped you with your rental property?
•
What do you like most about SFAA?
Email your answers to Maria Shea at maria@sfaa.org with the subject line, “Speak Up!” Be sure to include your member name and SFAA ID number. Also, let us know if we may use your testimonial in future SFAA marketing materials. SF APARTMENT MAGAZINE | NOVEMBER 2020
45
sfaa 2 2020calendar
sfaa
November
MONDAY, NOVEMBER 2 Board of Directors Mtg. 11:30 a.m.
TUESDAY, NOVEMBER 3 ELECTION
TUESDAY, NOVEMBER 3 Lunch & Learn Maintenance Requests Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $25 Non Members $40
THURSDAY, NOVEMBER 5 Lunch & Learn Vendors Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $25 Non Members $40
THURSDAY, NOVEMBER 5 Fair Housing 101 Webinar Zoom Webinar System 12:00 p.m. to. 2:00 p.m. Members $45 Non Members $55
TUESDAY, NOVEMBER 10 Lunch & Learn Complaints Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $25 Non Members $40
THURSDAY, NOVEMBER 12 Lunch & Learn 30 Day Notice of Intent to Vacate Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $25 Non Members $40
THURSDAY, NOVEMBER 12 Lunch & Learn Habitability Issues During COVID-19 Pandemic Zoom Webinar System 12:00 p.m. to. 2:00 p.m. Members $45 Non Members $55
TUESDAY, NOVEMBER 17 Lunch & Learn Initial Inspection Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $25 Non Members $40
WEDNESDAY, NOVEMBER 18 Airbnb Webinar Zoom Webinar System 12:00 p.m. to. 2:00 p.m. Members $45 Non Members $55
MONDAY, NOVEMBER 16 Virtual Member Meeting CAA Legislative Updates 1:00 p.m.
THURSDAY, NOVEMBER 19 Rodents 101 Webinar Zoom Webinar System 10:00 a.m. to. 12:00 p.m. Members $45 Non Members $55
THURSDAY, NOVEMBER 19 Lunch & Learn Final Move-Out Process Webinar Zoom Webinar System 12:00 p.m. to. 1:00 p.m. Members $25 Non Members $40
SFAA MEMBER MEETINGS WILL BE HELD VIRTUALLY UNTIL FURTHER NOTICE DUE TO COVID-19. FOR TOPICS AND SCHEDULES, VISIT SFAA.ORG.
December MONDAY, DECEMBER 7 Board of Directors Mtg. 11:30 a.m.
46
NOVEMBER 2020 | SF APARTMENT MAGAZINE
join online at sfaa.org or call 415.255.2288
2020 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 2019-2020
$25.00
2018-2019
$22.50
2017-2018
$22.50
2016-2017
$20.00
2015-2016
$18.50
SFAA’S
TENANT SCREENING SERVICE THROUGH INTELLIRENT STEP 1:
Create a free account at sfaa. myintellirent.com/agent-signup. STEP 2:
Invite an applicant to apply via an online application customized to SFAA’s criteria. You can also publish your available rental on Intellirent across mulitple ILSs. RATES
Intellirent is your free, online rental application and property marketing tool, partnered with Transunion to instantly return complete credit reports and nationwide eviction notices. Renters pay the $40 application fee, which covers your costs. For more information, simply create your free account or go to sfaa.org and choose the “Resources” tab. Then select “Tenant Screening.” Please note that the maximum you can charge a tenant for screening services is $49.12. CONTACT INTELLIRENT FOR MORE INFORMATION:
415-849-4400
CAPITAL IMPROVEMENTS
The capital improvement interest rates for 3/1/20 through 2/28/21 are listed below: AMORTIZATION
INT. RATE
MULTIPLIER
7 YEARS
2.1%
.01281
10 YEARS
2.2%
.00929
15 YEARS
2.4%
.00662
20 YEARS
2.5%
.00530
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
03/01/20 - 02/29/21
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%
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
03/01/10 - 02/28/11
0.9%
2007-2008
$13.00
2006-2007
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
ALLOWABLE RENT INCREASES
2020 – 2021: 1.8%
Effective March 1, 2020, through February 28, 2021, the allowable annual rent increase is 1.6%. 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
03/01/20 - 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
415-252-4600
& information
sfgov.org/rentboard
SF APARTMENT MAGAZINE | SEPTEMBER 2020
47
sfaa sfaa 2020 What You Need to Know 2020 SFAA UPDATES
VIRTUAL MEMBER MEETINGS November 16, 2020: CAA Legislative Update
UPCOMING CLASSES 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 46.
Passthroughs
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.
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.
San Francisco Apartment Association
265 IVY STREET | SAN FRANCISCO, CA | 94102 | PHONE 415-255-2288 | FAX 415-255-1112
48
NOVEMBER 2020 | SF APARTMENT MAGAZINE
2020 sfaa rental forms
FORM #
FORM TYPE
3.0
Application to Rent
Member Name Member # Email PRICE
PER 25/ $15
NON-MEMBER PRICE $40 pad of 25
SFAA 2019
SFAA Residential Rental Agreement – 2019
$20 each
10 for $180
$100 each
SFAA
SFAA Non-Rent Control Residential Tenancy Agreement
$20 each
N/A
$100 each
2.0
CAA Rental Agreement (Month to Month)
$15
$40 pad of 25
2.1
CAA Lease Agreement
$15
$40 pad of 25
SFAA
Short Term Rental Notice
$15
$40 pad of 25
2.2
Addendum to Rental Agreement
$15
$40 pad of 25
41.0
Guarantee of Rental Agreement
$15
$40 pad of 25
16.0
Move In/Out Form
$20 pad
$40 pad of 25
7.5
Notice of Initial Inspection to Residents
$15
$40 pad of 25
Protect Your Family From Lead (Pamphlet)
$2
$40 pad of 25
Bay Area Air Quality Management District Wood Burning Hazard
$15
$40 pad of 25
37.0-BA SFAA
Fire Safety Disclosure
SFAA Fire 1
Fire Safety Sign
Prop 65
Proposition 65 Brochure
Prop 65516
Proposition 65 Sign (plastic)
SFAA
Parking Agreement
$15
$40 pad of 25
$20 each
$15
N/A
$15
$40 pad of 25
$20 each
$16 for 3+
N/A
$15
$40 pad of 25
SFAA
Parking Agreement Non-Resident
$15
$40 pad of 25
Storage Agreement
$15
$40 pad of 25
13
Pet Agreement
$15
$40 pad of 25
60.0
Assistive Animal Request and Documentation Packet
$15
$40 pad of 25
60.1
Assistive Animal Addendum
$15
$40 pad of 25
36.1
Bedbug Notification
$15
$40 pad of 25
36.0
Bedbug Notification Addendum
$15
$40 pad of 25
SFAA
Neighboring Place of Entertainment
$15
$40 pad of 25
PM02
Emergency Procedure Information for Tenants
$15
$40 pad of 25
19.0
Twenty Four Hour Notice to Enter Dwelling Unit/Premises
$15
$40 pad of 25
SFAA
Thirty Day Notice Change of Monthly Rent
$15
$40 pad of 25
5.2
Sixty Day Notice Change of Monthly Rent
$15
$40 pad of 25
SFAA
Thirty Day Notice Change of Terms of Tenancy
$15
$20 each
SFAA
Three Day Notice to Pay Rent or Quit
$15
$20 pad of 25
SFAA
Three Day Notice to Perform Covenants of Quit
$15
$40 pad of 25
SFAA
Three Day Proof of Service
$15
$40 pad of 25
SFAA
General Proof of Service
$15
$40 pad of 25
2.3
Resident’s Certificate of Terms (Estoppel Certification)
$15
$40 pad of 25
21.0
Thirty Day Notice of Resident’s Intent to Vacate
$15
$40 pad of 25
SRT
Acknowledgement of Residents Intent to Vacate
$15
$40 pad of 25
18.D
Itemized Disposition of Security Deposit
$15
$40 pad of 25
SFAA
Security Deposit Interest
$15
$40 pad of 25
8.0
Notice of Belief of Abandonment
$15
$40 pad of 25
9.0
Notice of Right to Reclaim Abandoned Personal Property
$15
$40 pad of 25
10.0
Notice of Right to Reclaim Abandoned Personal Property ($700 or more)
$15
$40 pad of 25
PUBL
Managing Rental Housing in California Reference Guide (Book)
$50 each
$120 each
On-Site Employee Agreement (set)
$15
COST
pick up only
SFAA
1.2
QUANTITY
$40 pad of 25
SFAA Members can download and access forms directly from the SFAA and CAA websites. Please log in to account, go to Resources and click Downloadable Forms.
Internal Order Date: Use Only
Taken by: Credit Card
Cash
Prices listed are for SFAA members
Check
Invoice
Sub-Total: 8.75% Tax: Postage Flat Rate:
• Prices differ for non-members • All sales are final
San Francisco Apartment Association
265 IVY STREET
TOTAL:
SF APARTMENT WWW.SFAA.ORG • SAN FRANCISCO, CA • 94102 • PHONE 415-255-2288 • FAX 415-255-1112 • MAGAZINE | NOVEMBER
2020
49
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
ACCOUNTANTS
SHWIFF, LEVY & POLO LLP Elizabeth Shwiff 415-291-8600 x232 www.slpconsults.com THOMAS K. JUE CONSULTING Thomas K. Jue 925-628-0069 thomasjue@yahoo.com
ALARM COMPANY
AEC ALARMS Michelle Rogers 408-298-8888 x123 www.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 J.J. Panzer www.ppmaofsf.org
ATTORNEYS
BORNSTEIN LAW Daniel Bornstein, Esq. www.bornstein.law CHONG LAW Dolores Chong
415-438-7807
415-490-9020
FRIED & WILLIAMS LLP Clifford E. Fried www.friedwilliams.com
LAW OFFICE OF KEVIN P. GREENQUIST Kevin Greenquist 415-977-0444x234 www.ztalaw.com
415-421-0100
MASTROMONACO REAL PROPERTY LAW GROUP Leonard Mastromonaco 415-354-2702 len@mastrolawgroup.com
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
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 THE LAW OFFICES OF KIMBALL, TIREY & ST. JOHN LLP Daniel Kimball 800-525-1690 www.kts-law.com 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
415-753-3811
DOWLING & MARQUEZ, LLP Jak S. Marquez 415-977-0444 x232 www.dowlingmarquez.com
LAW OFFICES OF LAWRENCE M. SCANCARELLI Lawrence M. Scancarelli 415-398-1644 www.sfrealestatelaw.com
NOVEMBER 2020 | SF APARTMENT MAGAZINE
THE LAW OFFICE OF ED SINGER Edward Singer 650-393-5862 www.edsinger.net
FISHER & PHILLIPS, LLP Jason Gellar www.fisherphillips.com
LAW OFFICE OF JULIANA E. PISANI 415-800-7562 Juliana Pisani Juliana@jpisanilaw.com
DENNIS C. HYDE Dennis C. Hyde hydelaw@pacbell.net
50
415-409-7611
FRANK KIM ESQ., EVICTION ASSISTANCE Jo Biel 415-752-6070
MCLAUGHLIN SANCHEZ, LLP Michael McLaughlin 415-655-9753 www.msllp.law MILLAR AND ASSOCIATES, APLC James Millar 415-981-8100 x101 Millar-law.com NICHOLAS GOLDMAN LAW Nicholas Goldman 415-350-8740 nicholas@nicholasgoldmanlaw.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 TOUR-SARKISSIAN LAW OFFICES Christine Tour-Sarkissian 415-626-7744 www.tslo.com TRN LAW ASSOCIATES Tiffany Norman tiffany@trnlaw.com
415-823-4566
WASSERMAN-STERN David Wasserman 415-567-9600 www.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 SOLUTIONSPREMIER Aurora Vidaca 888-970-1927 aurora@crownandshieldpestsolutions.com www.crownandshieldpestsolutions.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
AGUILEAR CONSTRUCTION COMPANY Javier Aguilear 707-495-3932 javier@aguileraco.com 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
ENERGY SERVICES / GAS & ELECTRIC
PACIFIC GAS & ELECTRIC COMPANY Sebastian Conn 415-972-5201 www.pge.com
ENVIRONMENTAL CONSULTING
P.W. STEPHENS ENVIRONMENTAL Sheri Buenz 510-651-9506 sherib@pwsei.com
FIRE ESCAPE INSPECTION & MAINTENANCE ESCAPE ARTISTS Jabal Engelhard www.sfescapeartists.com
415-279-6113
GREAT ESCAPE SERVICES Rich Henderson 415-566-1479 www.greatescapeservice.com
FIRE PROTECTION CONTRACTORS
LENDING / FINANCIAL SERVICES
COUNTERPOINTE SRE David Snow 855-431-4000 www.counterpointeSRE.com
BATTALION ONE FIRE PROTECTION Tim Morse 510-653-8075 www.battaliononefire.com
FIRST FOUNDATION BANK Michelle Li www.ff-inc.com
BELL FIRE AND LIFE SAFETY Marc Belluomin 650-580-5306 bellfire365@gmail.com
LENDING / FULL SERVICE BANKS
COMMERCIAL FIRE PROTECTION, INC. Laine Sims 925-300-9534 www.fireprotected.com 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
HARDWARE GRAINGER Mark D. Sheddon
800-472-4643
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 GORDON ASSOCIATES INSURANCE SERVICES Dave Gordon, CLU 650-654-5555x6972 David.gordon@gordoninsurance.com
INTERNET SERVICES PROVIDERS
COMCAST/XFINITY Michael Juliano www.xfinity.com
925-495-9922
LAUNDRY EQUIPMENT
WASH MULTIFAMILY LAUNDRY SYSTEMS Cathy Barsotti 650-340-8054 www.weblaundry.com
415-794-2176
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 ONE STOP MAINTENANCE & PROPERTY SERVICES Lupe Villaloblos 408-829-0727 www.sf1stop.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
MORTGAGE BROKER THE RINCON GROUP Casey Wright
415-622-7450
ORGANIC WASTE SOLUTIONS
ECOSAFE ZERO WASTE, INC. Daniel Redick 310-569-0624 ecosafezerowaste.com Daniel@EcoSafeZeroWaste.com
SF APARTMENT MAGAZINE | NOVEMBER 2020
51
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
PAINTING SUPPLIES SHERWIN-WILLIAMS Khuat Hoang Sw7276362@Sherwin.com
415-576-1043
PEST CONTROL
ATCO PEST & TERMITE CONTROL & HOME RESTORATION Richard Estrada 415-898-2282 www.atcopestcontrol.com CROWN & SHIELD PEST SOLUTIONS-PREMIER Aurora Vidaca 888-970-1927 aurora@crownandshieldpestsolutions.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. ADVENT PROPERTIES, INC. Benjamin Scott, CCRM 510-289-1184 www.adventpropertiesinc.com
PONTAR REAL ESTATE Merri Pontar 415-421-2877 www.pontarrealestate.com
AMERICAN MARKETING SYSTEMS INC. Robb Fleischer 415-447-2020 www.amsires.com
PROGRESSIVE PROPERTY GROUP Dace Dislere & Joe Gillach 415-515-4329
BERENDT PROPERTIES Craig Berendt 415-608-3050 www.berendtproperties.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
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
415-386-3111
STRUCTURE PROPERTIES Corey Eckert 415-794-0064 www.structureproperties.com SUTRO PROPERTY MANAGEMENT, INC. Salman Shariat 415-341-8774 www.sutroproperties.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
PROPERTY MANAGEMENT
ADVENT PROPERTIES, INC. Benjamin Scott, CCRM 510-289-1184 www.adventpropertiesinc.com ALEXANDERSON PROPERTIES Eric Alexanderson 415-285-3737 www.alexandersonproperties.com AMORE REAL ESTATE, INC Jerry Hsieh 415-567-4800 www.amoresf.com BORN PROPERTY MANAGEMENT Jason Born 650-271-7048 x 111 Jason@bornpm.com BERENDT PROPERTIES Craig Berendt craig.berendt@gmail.com
415-608-3050
BROOKFIELD PROPERTY GROUPPRESIDIO LANDMARK Jon King 855-327-5376 jon.king@brookfieldproperties.com CHANDLER PROPERTIES Carolyn Chandler 415-921-5733 www.chandlerproperties.com CITYWIDE PROPERTY MANAGEMENT Carol Cosgrove 415-552-7300 www.citywidesf.com 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
J. WAVRO PROPERTY MANAGEMENT James Wavro 415-509-3456
WEST & PRASZKER REALTORS Michael Klestoff 415-661-5300 www.wprealtors.com
GEORGE GOODWIN REALTY, INC. Chris Galassi 415-681-1265 www.goodwin-realty.com
LINGSCH REALTY Natalie M. Drees www.lingschrealty.com
WEST COAST PROPERTY MANAGEMENT Eric Andresen 415-885-6970 www.wcpm.com
GREENTREE PROPERTY MANAGEMENT Mike McCamish 415-828-8757 www.greentreepmco.com
415-648-1516
PAUL LANGLEY COMPANY Misha Langley 415-431-9104 x 301 misha@plco.net
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members
NOVEMBER 2020 | SF APARTMENT MAGAZINE
GM GREEN REAL ESTATE INC. George Green 415-608-6485 ggreen@gmgreen.com www.gmgreen.com HANFORD•FREUND & CO. J. Timothy Falvey www.hanfordfreund.com
415-981-5780
ROCKWELL PROPERTIES Mark Kaplan 415-398-2400 propertymanagement@rockwellproperties.com
ALAIN PINEL INVESTMENT GROUP Jay Greenberg 415-593-8615 www.aprinvestmentgroup.com
INCOME PROPERTY SPECIALISTS Clayton Llewellyn 408-446-0848 www.ipsmanagement.cc
SC PROPERTY MANAGEMENT Robert Guglielmi 650-342-3030 bob.guglielmi@scpropsm.com
ALAIN PINEL INVESTMENT GROUP Mirella Webb 415-814-6699 mwebb@apr.com
JACKSON GROUP PROPERTY MANGEMENT, INC. Raymond Scarabosio 415-608-8300 ray@jacksongroup.net
SHARVEST PROPERTY MANAGEMENT, LLC Timothy D. Gilmartin 650-347-2020 tim@thegilmartins.com
BAY AREA PREMIER PROPERTIES Peter Fisler 415-606-6621 www.bayareapremierproperties.com
SIERRA PROPERTY PROFESSIONALS Sonali Herrera sierrappinc@gmail.com
BIG TREE PROPERTIES Evan Matteo 415-305-4931 evan@bigtreeproperties.com
SKYLINE PMG, INC. Nicholas Bowers 415-968-9903 Nicholas@skylinepmg.com
COLDWELL BANKER COMMERCIAL NRT Steven Caravelli 415-229-1367 steven.caravelli@cbnorcal.com
STRUCTURE PROPERTIES Corey Eckert 415-794-0064 www.structureproperties.com
COLLIERS INTERNATIONAL- JAMES DEVINCENTI James Devincenti 415-288-7848 www.THEDLTEAM.com
HOGAN & VEST INC. Simon Wong simon@wongsf.com
415-237-6240
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 MYND MANAGEMENT, INC. Stacy Winship 510-306-4440 www.mynd.co NEW GENERATION INVESTMENTS Jonathan Ng 415-735-8233 jtng.ngi@gmail.com PACIFIC UNION INTERNATIONAL PROPERTY MANAGEMENT Susan Lucas 415-722-4724 www.pacunionpm.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 kristine@rockawayresidential.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/ W. PROPERTY MANAGEMENT Gary Petrison 707-545-6187 gary@wpropertymanagement.com WEST COAST PROPERTY MANAGEMENT Eric Andresen 415-885-6970 www.wcpm.com WEST & PRASZKER REALTORS Michael Klestoff 415-699-3266 www.wprealtors.com WOOD PARTNERS Melissa Rankin 628-251-1101 melissa.rankin@woodpartners.com
PROPERTY MANAGEMENT SOFTWARE HEMLANE, INC. Dana Dunford dana@hemlane.com
385-355-4361
STESSA Victor Perez www.stessa.com
626-524-4931
YARDI Kelly Krier kelly.krier@yardi.com
805-699-2040
COLLIERS INTERNATIONAL Payam Nejad 415-288-7872 www.colliers.com/payam.nejad COMPASS COMMERCIAL BROKERAGE Adam Filly 415-516-9843 adam@adamfilly.com COMPASS COMMERCIAL BROKERAGE Chris J. Connor chris.oconnor@compass.com COMPASS COMMERCIAL BROKERAGE John Antonini 415-794-9510 john@antoninisf.com CORCORAN COMMERCIAL Jeremy Williams (415) 932-9846 jwilliams@CorcoranGL.com www.sfcommercialreal 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 KILBY STENKAMP-VANGUARD PROPERTIES Kilby Stenkamp 415-370-7582 LESLIE BURNLEY Leslie Burnley leslie.j.burnley@gmail.com leslieburnley.com
415-717-8709
YMPG MANAGEMENT Yelena Glezer 415-260-6325 yglezer@ympg-management.com
MARCUS & MILLICHAP David Nelson 415-312-2245 dnelson@MarcusMillichap.com
REAL ESTATE APPRAISALS
MARCUS & MILLICHAP Sanford Skeie 415-625-2153 www.marcusmillichap.com
HARPER & ASSOCIATES Jay Harper JHARPSF@att.net
415-674-9243
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
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
SF APARTMENT MAGAZINE | NOVEMBER 2020
53
sfaa sfaa 2020 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.
REGULAR MEMBER DUES
Base Fee
Units Fee
1-50
$385 +
$6.45 per unit =
51-250
$475 +
$6.45 per unit =
251-500
$675 +
$6.45 per unit =
501-1,000
$875 +
$6.45 per unit =
1,001
$1,375 +
$6.45 per unit =
TOTAL UNIT AMOUNT:
Unit Fee
1-50
$485 +
$3.95 per unit =
51-250
$575 +
$3.95 per unit =
251-500
$775 +
$3.95 per unit =
501-1,000
$975 +
$3.95 per unit =
1,001
$1,475 +
MIRACLE METHOD OF SAN FRANCISCO Claire Gray 415-673-4211 www.miraclemethod.com
RENT BOARD PETITIONS
PROPERTY MANAGEMENT SYSTEMS Michelle L. Horneff-Cohen 415-661-3860 www.propertymanagementsystems.net REAL MANAGEMENT COMPANY Melinda Greene 415-230-8895 www.RMCsf.com RENT BOARD PASSTHROUGHS Kim Boyd Bermingham 415-333-8005 www.rentboardpass.com
TOTAL AMOUNT:
ASSOCIATE MEMBER DUES: $495
RENTAL LISTING SERVICES
CONTACT INFORMATION
APARTMENT LIST Alex Mashburn 678-467-0411 amashburn@apartmentlist.com
Contact Person Company/Title Address City
State
MAZAL55 PROPERTIES Oren S. Bordo orenb55@gmail.com
Zip
Mobile Phone Email Address
Amex
MC
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
San Francisco Apartment Association 265 IVY STREET | SAN FRANCISCO, CA | 94102 | PHONE 415-255-2288 | FAX 415-255-1112
54
NOVEMBER 2020 | SF APARTMENT MAGAZINE
415-279-2791
RESIDENTIAL LEASING
Website PAYMENT METHOD
Check
REAL ESTATE INVESTMENTS
REFINISHING / RESURFACING SERVICE
$3.95 per unit =
TOTAL UNIT AMOUNT:
ZEPHYR REAL ESTATE Dawn Cusulos 415-678-8854 dawncusulos@zephyrre.com
URBAN GROUP REAL ESTATE Louis Cornejo 415-863-1775 louis@urbangroupsf.com
MANAGEMENT COMPANY DUES Base Fee
WEST & PRASZKER REALTORS Michael Klestoff 415-312-2245 klestoffmre@aol.com
MARCUS MILLICHAP Clinton C. Textor III 415-425-9123 www.marcusmillichap.com
TOTAL AMOUNT:
Units
VANGUARD COMMERCIAL BROKERAGE Allison Chapleau 415-516-0648 www.allisonchapleau.com
ALAIN PINEL INVESTMENT GROUP Trigg Splenda 415-593-8616
MEMBERSHIP LEVEL & COST
Units
STEELE PROPERTIES Ryan Steele 415-881-7762 www.steeleproperties.com
BERENDT PROPERTIES Craig Berendt 415-608-3050 www.berendtproperties.com HAMILTON FAMILY CENTER Mayo Lunt 510-763-8540 x230 www.hamiltonfamiles.org 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 kclaussen@veritasinv.com
415-762-0213
STRUCTURE PROPERTIES Corey Eckert 415-794-0064 www.structureproperties.com
SECURITY
ADT-MULTI FAMILY Jeanette Mendez jjmendez@adt.com www.adt.com/smart-
562-712-7504
MARINA SECURITY SERVICES, INC. Sam Tadesse 415-722-1168 stadesse@marinasecurities.com www.marinasecurities.com
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
CONTRACTOR OR VENDOR?
ACCOUNTANTS & TAX PREPARATION
Shwiff, Levy & Polo, LLP ALARM COMPANIES
AEC Alarms
ARCHITECTURE & DESIGN SERVICES
Openscope Studio ATTORNEYS
Fried & Williams, LLP
WEST COAST PREMIER CONSTRUCTION, INC. Homy Sikaroudi, PhD, PE 510-271-0950 www.wcpc-inc.com
SUBMETERS
BANKS & LENDING SERVICES
Luther Burbank Savings
415-937-7283
TENANT PLACEMENT & LISTING 972-820-3015
One Stop Maintenance W. Charles Perry West Coast Premier Construction FIRE ESCAPE SERVICE
Great Escape Fire Escape Services Crown Lock & Safe Warman Security PAINTING CONTRACTORS
Kruit Painting Inc. Pac West Painting Peter’s Painting Services Tara Pro Painting PETITION SERVICES
STRUCTURE PROPERTIES Corey Eckert 415-794-0064 www.structureproperties.com
Rent Board Passthroughs
ZUMPER INC.
Berendt Properties Gaetani Real Estate, Inc.
Diana James diana@zumper.com
949-702-1508
61 19
Maven Maintenance Real Management Company Rentals in SF Structure Properties West Coast Property Management
33 62 43 27 43
REAL ESTATE BROKERS
38 42 42
CONSTRUCTION & RENOVATION SERVICES
LOCKSMITHS
LIVABLE Daniel Sharabi www.livable.com
REALPAGE Stacy Blackwell www.realpage.com
ad index NEED A PROFESSIONAL
61 62 59
57 61 61
Amore Real Estate 56 Coldwell Banker Commercial / McGue 23 Colliers / DeVincenti 2 Compass / Antonini 13 Compass / Bonn & Webb 39 Compass / Filly 11 Compass / Greenberg & Splenda 3 Compass / Pugh 37 Corcoran / The Jones Team 15 Corcoran / Williams 31 Kay Properties & Investments, LLC 17 Kenney & Everest Real Estate, Inc. 58 Marcus & Millichap 24-25 Newmark Knight Frank / Sheridan & Boersma 63 Vanguard Commercial / Chapleau 9 Vanguard Properties / Stack 18 Vanguard Properties / Kilby Stenkamp 57 UTILITIES BILLING SERVICES
Livable 38 56 48 58 59 48
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.
PROPERTY MANAGEMENT & MAINTENANCE & RESIDENTIAL LEASING
6 64
WATER CONSERVATION SERVICE
SF PUBLIC UTILITIES COMMISSION Chandra Johnson 415-554-0704 www.conserve.sfwater.org
WATER DAMAGE SERVICE
FIRE AND WATER DAMAGE RECOVERY Maria Neumann 800-886-1801 www.waterdamagerecovery.net
WATERPROOFING
KELLEY PAINTING AND WATERPROOFING Mitchell Kelley 415-847-7883 www.kelleypaintingandwaterproofing.com
SF APARTMENT MAGAZINE | NOVEMBER 2020
55
The Big Picture… continued from page 26
need from an early age. This is not going to turn around in one budget cycle. It’s going to take years of focus. But the numbers are so stark—just think about the fact that African Americans make up 37% of our homeless population but only 6% of our general population. That didn’t happen overnight and it’s not going to be fixed that quickly, but it’s a disparity we
FOR ALL YOUR REAL ESTATE NEEDS SERVING SAN FRANCISCO PROPERTY OWNERS FOR OVER 50 YEARS
SALES INVESTMENTS PROPERTY MANAGEMENT
have to address.
McElroy: Can you talk about reforms being made to the SFPD?
Mayor Breed: We are working to implement key public safety reforms such as ending the use of police in response to non-criminal activity, addressing police bias and strengthening accountability, demilitarizing the police, and promoting economic justice. We’re making progress
3001 LAGUNA STREET, SAN FRANCISCO CA 94123 (415) 567-4800 www.amoresf.com
in all of these areas. If we are going to make real, significant, systemic change, we need to fundamentally change the nature of policing itself. We’ve been asking our police officers to be the
Many years of experience with property management companies and property owners.
Kruit Painting Inc. 415.254.7818
answer to many of society’s problems, such as mental illness and mediating disputes between neighbors. That’s not keeping us safer—investing in our community is what will make us all safer. Our first step is the creation of new Street Crisis Response Teams, which will consist of paramedics and mental health professionals who will respond to calls where people are suffering from mental illness. These teams were just funded in the most recent budget, and will begin deploying soon.
COMMERCIAL & RESIDENTIAL APARTMENT BUILDING SPECIALIST INTERIORS & EXTERIORS EXCELLENT REFERRALS FREE ESTIMATE 87 Loomis St., San Francisco CA 94124 www.kruitpainting.com • License No. 846351
56
NOVEMBER 2020 | SF APARTMENT MAGAZINE
McElroy: If you could go back in time and speak to recent-college-graduate London Breed, what would you say to her? Mayor Breed: Don’t be afraid to take risks. You never know what opportunity will present itself and the most important thing is to put yourself out there and be ready for what comes your way.
McElroy: What advice do you have for women beginning or navigating careers in primarily male-dominated industries?
TALENT. COLLABORATION. SUCCESS.
Mayor Breed: Find people you trust and can learn from, and work to develop a professional relationship with them. Don’t be afraid to speak your mind—and don’t be afraid to ask for help if you need it. There are a lot of people out there who want to see you succeed, you just need to find them and ask for their support. Last year, we held our Women’s Summit, which was a great event to bring women from all walks of life together and provide leadership, mentorship, and support. As women, we all have the power and potential to lift each other up and help each other succeed.
KILBY STENKAMP
McElroy: Without consider-
ing the neighborhood you live in, what is your favorite San Francisco neighborhood? Restaurant? When you get the rare day off, how do you spend your time in the city?
415.370.7582
kilby@vanguardsf.com DRE# 01208585
sf.0319.great.escape.pdf
1
3/3/19
6:34 PM
vanguardproperties.com
Mayor Breed: It’s hard to choose just one! Part of what makes San Francisco so special is the diversity of its neighborhoods. I’m of course partial to the Fillmore because that’s where I grew up and where
Keeping The San Francisco Bay Area Safe Since 1988
I still love to spend time. I love going out for a walk in my neighborhood, visiting local businesses, and I have especially enjoyed outdoor dining at some of the new Shared Spaces that have opened up throughout the city. Pam McElroy is the editor of SF Apartment Magazine.
C
M
Y
CM
Go
Online!
Find more information on SFAA classes, apartment industry news & excerpts from SF Apartment Magazine at www.sfaa.org
MY
CY
FIRE ESCAPE SERVICE & MAINTENANCE
CMY
K
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(415) 566-1479 www.greatescapeinc.com SF APARTMENT MAGAZINE | NOVEMBER 2020
57
Trend Alert… continued from page 14
• RESTORATION • WATERPROOFING • ENVIRONMENTAL • COLOR
• COMMERCIAL • RESIDENTIAL • EXTERIOR • INTERIOR
Remote Work Has its Drawbacks It might seem like a no-brainer to relocate outside of the Bay Area, if there is no longer a need to go into the office, though not all the moving trucks that line the streets are renters leaving town. Contrary to this new trend, people whose lives are rooted in the Bay Area are staying. While some are packing up for good, others are taking the opportunity to upgrade their housing at “pandemic prices.” For the first time in nearly a decade, Bay Area renters can secure better quality rentals in a less competitive market. Tech employees who have decided to stay in the Bay Area are also concerned about their wage security should they leave. Employees who choose to leave the Bay Area could face a decrease in their base salaries, such as the 8% -18% pay cut now being instituted by Silicon Valley-based software firm VMware. In addition to potential wage cuts, a study conducted by IBM during the early months
Acquisitions & Sales • Commercial & Residential Leasing
of the pandemic found that WFH can create huge security risks for those firms and employees handling confidential information. In their study of over 2,000 Americans who
●
were newly working remotely, the results
Commercial Leasing
showed that over 50% were now using their own personal computers for business with-
●
Residential Leasing
●
Property Acquisitions
out having been provided tools by their employers to properly secure those devices. Between wage cuts for those moving away from Bay Area headquarters and potential data security issues, the reality of an entirely remote workforce may be further
●
Property Sales
Everest Mwamba, Realtor® BRE #01717299 (415) 377-2177 cell everest@everestmwamba.com
away than some want to believe.
How Tech Companies Are Responding For now, we are seeing mixed responses between uncertainty and optimism coming from the top down in the tech sector.
BRE #01984640
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NOVEMBER 2020 | SF APARTMENT MAGAZINE
1569 Leavenworth Street San Francisco, CA 94109 Corporate BRE #01984640 (415) 929-0717 office everestmwamba.com
Pinterest, who pre-COVID was in an expansion mode with their Bay Area operations, has now backed out of a sizable investment in office infrastructure.
In late August of this year, the budding tech firm paid out almost $90 million to break a newly signed lease of over 490,000 square feet of office space in the unbuilt 88 Bluxome project in downtown San Francisco. Pinterest’s CFO Todd Morgenfeld shared his reasoning for the lease break stating that the company is “rethinking where future employees could be based” and that “a more distributed workforce will give [the firm] the opportunity to hire people from a wider range of backgrounds and experiences.” Despite the trend of tech employees leaving San Francisco and uncertainty among burgeoning tech firms like Pinterest, some of the larger Bay Area firms remain optimistic on the future of our local economy. Google’s optimism is such that they are continuing with their plans to invest $1 billion in the development of a 40-acre tech hub, which will include office space, retail space, and around 2,000 residential units in Silicon Valley. And Salesforce, who employs over 9,000 employees in San Francisco alone, has continued with its acquisitions of office
License No. 797467
space in the San Francisco Transbay area. The firm recently leased an unbuilt tower at 564 Howard Street and purchased an historic building next to its headquarters for $145 million back in Q1 of this year.
Optimistic Outlook We are beginning to see a light at the end of the tunnel. Local businesses are adapting to a new way of serving their customers in a post-COVID world. And, as these businesses begin returning to their operations, we can also see the sense of community and love for San Francisco return with them. Whether or not the tech sector will spur
Seismic & General Contractors
www.wcpc-inc.com Tel: (510) 271-0950
Conform To New Soft Story Apartment Building Seismic Ordinance San Francisco, Alameda, Oakland & Berkeley • Successful track record of seismic retrofitting numerous soft-story apartment buildings in the Bay Area. • Years of experience in cost-effective seismic retrofit design and construction—all under one company. • Guaranteed approval of engineering and construction in conformance to Soft Story Ordinance. • Screening, evaluation, engineering, construction, final city sign-off.
the same reemergence in the Bay Area, with droves of workers gravitating to live close to their headquarters again once their offices reopen, is unclear. However,
For inquiries, please contact Homy Sikaroudi, PhD, PE
what is clear from my point of view is that sf.1013.west.coast.premier.indd 1
9/18/13 2020 12:32 59 PM SF APARTMENT MAGAZINE | NOVEMBER
usps 2020 statement of ownership,
the San Francisco Bay Area has enough
management & circulation
1. 2. 3. 4. 5. 6. 7.
legs to stand on.
Publication Title: SF Apartment Magazine Publication Number: 1539-8161 Filing Date: September 30,2020 Issue Frequency: Monthly Number of Issues Published Annually: 12 Annual Subscription Rate: $48 Complete Mailing Address of Known Office of Publication: 265 Ivy Street, San Francisco, CA 94102; Contact Person: Vanessa Khaleel; Telephone: 415-392-3770 8. Complete Mailing Address of Headquarters or General Business Offices of Publisher: 265 Ivy Street, San Francisco, CA 94102 9. Full Names and Complete Mailing Address of Publisher, Editor, and Managing Editor: Publisher: San Francisco Apartment Association, 265 Ivy Street, San Francisco, CA 94102; Editor: Pam McElroy, 655 Montgomery St. Ste. 1705, San Francisco, CA 94111 Managing Editor: Pam McElroy, 655 Montgomery St. Ste. 1705, San Francisco, CA 94111 10. Owner: San Francisco Apartment Association: 265 Ivy Street, San Francisco, CA 94102 11. Known Bondholders, Mortgagees, and Other Security Holders Owning or Holding 1 Percent or More of Total Amount of Bonds, Mortgages, or Other Securities: None 12. Tax Status: Has not changed during preceding 12 months 13. Publication Title: SF Apartment Magazine 14. Issue Date for Circulation Data Below: August 2020 15. Extent and Nature of Circulation: AVERAGE NO. COPIES EACH ISSUE DURING PRECEDING 12 MONTHS
NO. COPIES OF SINGLE ISSUE PUBLISHED NEAREST TO FILING DATE
2910
2944
(1) Mailed Outside-County Paid Subscriptions Stated on PS Form 3541:
982
986
(2) Mailed In-County Paid Subscriptions Stated on PS Form 3541:
1928
1958
(3) Paid Distribution Outside the Mails Including Sales Through Dealers and Carriers, Street Vendors, Counter Sales, and Other Paid Distribution Outside USPS:
0
0
(4) Paid Distribution by Other Classes of Mail Through the USPS:
0
0
2910
2944
(1) Free or Nominal Rate Outside-County Copies Included on PS form 3541:
0
0
(2) Free or Nominal Rate In-County Copies Included on PS Form 3541:
0
0
(3) Free or Nominal Rate Copies Mailed at Other Classes Through the USPS:
15
15
(4) Free or Nominal Rate Distribution Outside the Mail:
31
24
46
39
2956
2983
25
20
2981
3003
98.44%
98.44%
0
0
b. Total Paid Print Copies (Line 15c) + Paid Electronic Copies (Line 16a)
2910
2944
c. Total Print Distribution (Line 15f) + Paid Electronic Copies (Line 16a)
2956
2983
98.44%
98.69%
a. Total Number of Copies (Net Press Run): b. Paid Circulation:
and top-of-the-line theaters, museums, and concert halls. There are breathtaking views from our hiking, biking, and running trails, and the proximity to nature is unbeatable with Muir Woods, the Marin Headlands, Russian River, and Tahoe all within driving distance. Overall, we are fortunate to enjoy a big city lifestyle with all the small-town values I, myself, have come to love. The Bay Area has seen many waves of people flocking to it to live and work in one of the greatest cities in the world, and this
sf post office Ad Pending
e. Total Free or Nominal Rate Distribution: f. Total Distribution: g. Copies not Distributed: h. Total: i. Percent Paid:
d. Percent Paid (Both Print & Electronic Copies) (16b divided by 16c x 100)
17. Publication of Statement of Ownership: will be printed in the October 2019 issue of this publication. 18. Signature and Title of Editor, Publisher, Business Manager, or Owner: (signed) Pam McElroy Editor; Date: September 18, 2019. NOVEMBER 2020 | SF APARTMENT MAGAZINE
rolling back in. Whether it’s tech workers, the renaissance of artists who previously fled from the
16. Electronic Copy Circulation. a. Paid Electronic Copies
we are experiencing now is just another one of those waves. Waves inevitably come
d. Free or Nominal Rate Distribution:
60
top-rated universities, world-class cuisine,
recent urban flight of the tech worker that
fpo
c. Total Paid Distribution:
As a region, we are renowned for our
increasing cost of living, or people from other sectors who move in, San Francisco will remain the resilient city that it has been for decades prior and the local apartment rental market will rebound in turn. Jeremy Williams is a Multi-Unit & 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, please contact Jeremy at 415.932.9846 or jeremy@jeremywilliams.com.
A game. Be on your
Sign up for SFAA classes at www.sfaa.org or by calling 415-255-2288.
SLP_SFApt_Ad_0813_Shwiff_SFaptAd_0813 8/19/13 3:
The News… continued from page 10
EXPERTISE
■
INTEGRITY ■ SERVICE
■
VALUE
Site at the northeast corner of 5th and Brannan Streets. An additional amendment was initially proposed that would have expanded application of certain development impact fees in Central SOMA. However, that amendment was removed from the legislation at the request of the Commission. The above content was written by Reuben, Junius & Rose, LLP Attorney Melinda Sarjapur. Reprinted with permission.
SFAA Updates 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.
ONE STOP MAINTENANCE AND PROPERTY SERVICE
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
Shwiff, Levy & Polo, LLP Certified Public Accountants and Management Consultants
EXPERIENCED, RESPONSIVE REAL ESTATE ADVISORS ■ ■
■
■ ■
Real Estate Tax Matters Specialists QuickBooks for Property & Business Accounting 1031 Exchange Guidance & Tax Law Explanation Estate Planning with Real Estate Assets Tax Returns with Audit Risk Reduction for Investors
While the SFAA office is closed, SFAA staff is working round-the-clock to keep the nonprofit running. Timely payment of membership dues is necessary to help the
433 California St., Suite 1000 San Francisco, CA 94104 (415) 291-8600 ■ info@yoursrvc.com www.slpconsults.com
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 46 for a full list of classes.
For All Your Security Needs Since 1916
24/7 Service
Locks • Alarms Access Control
Video Surveillance • Mailboxes
Know Your
numbers Turn to page 47 for updated information on allowable rent increases, security deposit interest and more.
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
www.warmansecurity.com
415.775.8513 SF APARTMENT MAGAZINE | NOVEMBER 2020
61
VALUE-ADDED DEVELOPMENT
Contact : charles@wcharlesperry.com 415.509.2956
W. CHARLES PERRY & ASSOCIATES I N V E S T M E N T, D E S I G N A N D C O N S T R U C T I O N
62
NOVEMBER 2020 | SF APARTMENT MAGAZINE
P R IC E R E
2418 VAN NESS AVE - $5,950,000
D U C E D
Another Good One — Just Listed! Large, well-maintained 12-unit apartment building
• Prime Russian Hill Apartment Building
situated on the west slope of Russian Hill. Located
• 12 Units; 1 Studio, 7 One-Bdrms, and 4 Two-Bdrms
just one block from Upper Polk Street, the property
• Unit Upgrade Opportunities
is centrally located and provides residents with easy
• Low Expenses; Decommissioned Boiler
access to downtown by foot. The building consists of
• Seismic Completed
1 studio, 7 one-bedrooms and 4 two-bedrooms units. Nearly all units come with a side porch, which permits easy installation for in-unit washer and dryers.
www.2418vanness.com
• 1 Block from Upper Polk Street • Easy Opportunity to Add In-Unit W/D
MATTHEW C. SHERIDAN
415.273.2179 License 01390209 matthew.sheridan@ngkf.com
aptGroup
TO MOST PEOPLE, THIS BUILDING’S KEY FEATURE IS ITS IMPRESSIVE FACADE
TO YOU, IT’S THE FOUNDATION FOR A SECURE RETIREMENT. 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 own 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