ReLISTO announces new property management services

*FOR IMMMEDIATE RELEASE*

October 23, 2018 – ReLISTO has officially launched its new division of residential and commercial Property Management for Northern California, encompassing San Francisco, North Bay, South Bay, and Peninsula areas.

While ReLISTO has historically offered full service Property Management to its portfolio of leasing clients. The new focus will be on providing that same service and commitment to quality and value to a wider range of real estate owners, investors and investment companies.

With over 30 years combined experience in real estate in San Francisco, ReLISTO Property Management is looking to fill the void left between legacy paper based Management companies and the newest entrants that focus more on efficiency rather than a full and personalized service which is so important in real estate transactions.

ReLISTO Property Management offers a complete service in real estate asset management, leasing, and asset preservation. With a sharp understanding of the relationship between all parties in the transaction, ReLISTO Property Management aims to provide a service which is tailored for each and every individual client.

Additional management services that will be provided include:

Maximizing rental returns,
Handling lease turnover
Security deposit management and calculators
Relocation services for SMEs and Enterprise companies
Online rent pay and funds disbursement, as well as online maintenance requests
HOA management and administration

ReLISTO Property Management is simplifying the process by which assets are managed, enhancing yields and adding value to Owners’ portfolios.

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About ReLISTO Property Management

ReLISTO is a full service property management division offering a full range of services to both residential, condominium and commercial clients. The Company is well represented across multiple asset classes both locally and regionally. Our diverse portfolio consists of modern residential properties, industrial business space and condominiums throughout San Francisco and Northern California. A subsidiary of ReLISTO, a local leader in the real estate industry focusing on the leasing of quality accommodation and real estate asset management (www.ReLISTO.com)

About ReLISTO

ReLISTO (Real Estate Leasing Innovations, Services and Tools Online) is a San Francisco real estate leasing brokerage that leverages technology to better lease real property, place tenants, and support landlord’s with online tools and services.

Founded in 2010, we have been consistently on the leading edge of the rental market in San Francisco. Our focus includes providing our landlord clients experienced agents, solid returns on their investments, securing qualified tenants, developing more housing options for residents, embracing the best online marketing resources and creating online tools, such as the SF Rental Calculator to help our landlords and tenants with rent increase and security deposits.

For further information, please contact:

Mr. C. J. Corman

Director – ReLISTO Property Management

Tel: (415) 480-4541

Email: CJ@ReLISTO.com

Why You Should Vote NO on Prop. 10

Voting Season is Right Around the Corner; Let’s Take a Minute to Learn About Prop. 10

Right now, the state of California is in the midst of a housing crisis. This is causing current housing units to become less affordable and less available everyday. With this problem getting worse, one may ask how California citizens can help steer California away from this crisis. The answer? By voting NO on Proposition 10 on the November ballot.

What is Prop 10?

According to the California Attorney General and BallotPedia, Proposition 10 is an initiated state statute that would repeal the Costa-Hawkins Rental Housing Act, an act that limits the use of rent control in California, thus allowing local governments to adopt their own, possibly more extreme rent control ordinances—regulations that govern how much landlords can charge tenants for renting apartments and houses.

Why Is This Bad?

Proposition 10 will cause the amount of available housing to decrease, further plunging California into its existing housing crisis. This is a huge threat to low-income families. They will struggle to find housing that they can easily afford. This will cause California’s rate of homeless occupants to grow.

Let’s take a step back. You may be wondering at this point, “How will Prop. 10 do all of these things?” If the government repeals Costa-Hawkins, then each jurisdiction in California will be allowed to set their own rules and regulations regarding rent control. This will make it acceptable for government officials in each area to set what they believe is the best solution for the housing crisis, but just because one group of people believe that they have the best solution, that doesn’t mean that it is the best solution, and this could cause tension between citizens and officials in each area of California.

By leaving these decisions up to the state government, it is assuring that each jurisdiction is held to the same standards, thus maintaining equality for renters all over the state. By keeping Costa-Hawkins in tact, it maintains an equal playing field for everyone involved, including renters, building owners, and government officials. Keeping Costa-Hawkins means that there will be one statewide jurisdiction regarding rent control. Individual counties will not be able to take advantage of the rent control system and create unfair housing situations for others.

How Can You Help?

Voting “no” on Prop. 10 would be a great place to start. By voting “no” on Prop. 10, you are telling the government that you do not support Costa-Hawkins repealed. To put it in simpler terms, you are telling the government that you don’t want each jurisdiction to set their own laws regarding rent control. You are saying that you want there to be one, statewide law. This way, no one area can put it’s citizens in an unfavorable financial situation. By doing so, you’re assuring that California remains equal for all, and that no one will be taken advantage of.

For more information about Proposition 10, and all of the other propositions on this year’s ballot, we encourage you to read the Official Voter Information Guide. Remember to stay informed, and get out there and vote!

Security Deposit Question- Anniversary Date

ReLISTO will start publishing the questions we receive from Landlords and Residents. Today question was in regards to calculating the various interest rates one may have over a course of one year.

Question:
The interest rate in effect in June 2017 was 0.6%, this rate changed effective March 1st 2018 to 1.2%. Therefore if a tenant moved in June 1st 2017 you should calculate 9 months at the 0.6% rate and 3 months at the 1.2% rate which began on March 1st 2018.

Your calculation table shows the interest rate all calculated at the 1.2% rate which is surely incorrect…?
ReLISTO Response:

Thank you for your questions regarding the calculation of security deposit interest using the ReLISTO calculator. ReLISTO spent a considerable amount of time speaking with the various experts including the SF Rent Board when developing the calculator and we covered this situation extensively. In addition, the answer can be found below in The San Francisco Administrative Code Sec 49.2(g) PAYMENT OF INTEREST ON SECURITY DEPOSITS.

“The interest rate payable each year under this Chapter shall be the interest rate in effect on the tenant’s immediately preceding annual rental anniversary date for each applicable year and/or the date that the tenant vacates the unit.”

The SF Rental calculator will therefore calculate the interest once a year, based on the Anniversary date as stipulated in the Administrative Code. The only exception to this annual calculation is when the tenant vacates the Premises at which time they are due a prorated interest. The San Francisco Rental Calculator will also calculate this mount when the user selects the box “tenant vacating”