ReLISTO Blog

New Features to Best Rent Our Landlord’s Property

We’ve updated our site, and made it more convenient for tenants searching for a great place to rent in San Francisco! 

ReLISTO is committed to serving  our landlords to maximize the exposure of their property.

With our new and updated website features,  ReLISTO  is ready to help landlords get their  properties leased. From online services, to accomplished leasing agents, we have the tools to assist you in any way we can. In addition, we’ve also upped our property management game.

Lets us manage your property! Make your life a little easier by allowing us to help you with everything property related. Our experienced property managers are here for you.

Notable Differences On WebSIte:

  • A clean, updated look

 

  • Open House information in the thumbnail of each listing, so you don’t even have to click the link to see when you can come see a unit!

  • Open House pop ups on the front page so you don’t miss out!

 

Come check out our new site, and see some of the homes we have to offer. And check out our newly added Property Management section! We have services for apartment seekers and property owners, alike.

 

 

 

 

We may look different, but we’re still offering the same reliable service. 


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.

Pacific Avenue is the Hottest Place to Live

Pacific Height elegance, take a look at all it has to offer

 

The Building:

This apartment building is everything you could possibly want while living in one of the most prestigious areas of  San Francisco Bay.  It’s features and amenities are at the top of everyone’s must have list, and include a spacious car port to allow for drive up entry to the front door where  24 hour door staff is there to greet you as you enter . 

This building is the definition of elegant. From the moment you enter the main lobby, you are transported into another world. The lobby is clean and well kept, packages are saved for your return and there’s always a friendly desk clerk waiting to greet you whenever you pass by.

This 12 level building has a stellar rooftop, heated pool and deck area with  360 degree view of San Francisco Bay. There’s nothing better than going for a nice, relaxing swim on a warm afternoon, and then getting out of the water to see the gorgeous San Francisco skyline from all angles.

The Apartments:

At this point you may be thinking “Wow, this building is great!, but how are the actual apartments?” Well, to put it frankly, the apartments are… stunning! They’re clean, well kept, and very spacious. This one (Pictured) even has a mini golf course right in the backyard! Many of the units facing the bay are two levels. In addition, most of them have at least one private balcony to enjoy the views.

This gorgeous apartment is 1150 square feet of pure bliss. It’s roomy, elegant, and best of all, it comes fully furnished. You could move in immediately and not have to do a single thing. It has one bedroom, one and a half bathrooms, a modern kitchen, a stylish living area, and a spacious backyard.

Here are the furnished amenities featured in this unit:

 

If you’re interested in seeing this amazing apartment in person, check it out on our website and schedule a showing! And if you want to see more of our listings, follow us on social media:  

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.

 

——

 

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!

San Francisco’s  Pending Labor Crisis  and its Effect on the  Office Market

    By Tony  Zucker, Executive Vice President,  Dunhill Partners West, 6.29.18

Crisis?  Bubble? Denial? Unreality? Nuts? …San Francisco.      

With Facebook, Salesforce, Amazon, Google, WeWork and others  gobbling up office space based on projected revenues, it’s time  to take a closer look at the numbers.

Let’s start this off  with 29,100. That’s the estimated number of new workers in the city  of San Francisco based upon recently leased space, and soon to be completed  office buildings. This is based on tech companies budgeting 200 square feet per  worker and We work packing them in at 75 per square feet per “member.”

Continuing  with housing…$820,000. That’s the median price for a single-­‐family home in the nine county   Bay Area. In San Francisco -­‐ $1.6 million. A San Francisco condominium -­‐ $1.17 million. In  the past five years, the cost of construction has increased by 50% to $347 per square foot. A San  Francisco apartment unit costs $800,000 to build including fees. A handful of new single-­‐family homes  are constructed annually in San Francisco and most cost over $4 Million.

Now labor…$142,000. That’s  a Bay Area tech worker’s average salary. The median salary for a Facebook employee -­‐ $240,000, a Google employee  -­‐ $197,000, a Twitter employee -­‐ $162,000 and a Salesforce employee -­‐ $155,000. Compare that amount to $52,000.  That’s a skilled laborer’s average salary!

Don’t forget transportation…170,000. That’s the number of daily pick-­‐ups  in San Francisco from Uber and Lyft, which by the way, accounts for 20% of the city traffic. BART and other transit options  are packed (if not maxed out) during commute hours with parking lots filled by 8 AM. BART reports there is a total of 48,000  parking spaces and a systemwide reserved parking waitlist of 38,000 customers. In 2014, we spent an average of 56 hours in traffic,  in 2016 it increased to 82 hours. In 2018? To be determined.

Should I stay or should I go now? In 2013-­‐2014, the Bay Area gained  15,000 residents. In 2016, 24,000 residents left the Bay Area, doubling the previous year’s exodus. When asked, 46% of residents are planning  to leave the Bay Area in the “next few years”.

Now, consider this…Facebook recently executed a lease for the entire building at 250 Howard  Street (Park Tower) for 763,000 square feet. By the end of 2018, Facebook will have office space for 4,000 workers in this building and likely pay  rents averaging in the low $90’s per square foot, minimally $25 more per square foot compared to 7 or 8 years ago. As stated earlier, the median Facebook  employee’s salary is $240,000. And now some more math, 763,000 square feet multiplied by the $25 increase equals $19,075,000.  That is a big  number! But not when  you break it down. The  $19,075,000 divided by the   median salary of $240,000 equals  ONLY 79 workers! When Facebook plans  to fill the building with 4,000 workers,  and with fierce hiring competition, they are  willing to pay the high San Francisco rents to  attract talent. But can they hire enough workers?      

Will the big companies sit on vacant office space as they  struggle to hire workers?

FitBit decided not to sit on  vacancy and is now looking for a sub-­‐tenant for 187,000 square  feet. Clearly, FitBit over extended on the leasing front and is scaling  back.

WeWork, one of the five largest tenants in San Francisco, has been  called “the most over valued company in the world” by a NYU marketing professor  with a value of $20 Billion equal to Boston Properties. Boston Properties owns five  times more property than WeWork leases!

Bottom line…

A  Labor  crisis in  all fields,  especially tech  and construction (skilled  labor).

A Housing shortage  continues because of the cost and  the delays due to complex building codes,   permitting, and procedures.

A  Commute  crunch continues  due to traffic and  public transportation being  maxed out.

This does not  even consider the huge amount of  office space leased in the South Bay  and how a large percentage of those workers  may want to live as close to San Francisco as  possible.

The San Francisco office market hangs  precariously upon tenants attracting and retaining workers   in a market that is expensive and congested. A correction is  looming…sooner than later.

Sources: The San Francisco Business  Times, San Francisco Chronicle, Bay Area News, City of San Francisco,  Polaris Pacific, Jones Lang LaSalle, Cushman & Wakefield, Inrix, Hired, Wall  Street Journal, CoStar, Mercury News.

Email Tony, tonyzucker@dpwcre, who represents  office tenants exclusively.

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”

 

Short Term Housing for People Impacted by Napa Fires

At ReLISTO our thoughts and wishes go out to the people who have been impacted by the destructive wildland fires in Napa, Sonoma and Santa Rosa.

We have seen a huge increase in calls from people who are seeking short term housing solutions as a result..  Our agents are working diligently to place folks in one of the largest San Francisco inventories of furnished properties. If you are seeking housing give us a call, agents are standing by.. If you are a landlord and wish to make your furnished housing available, submit your property to us online or contact us directly using one of these options <Contact Link> 

ReLISTO Calculators- Website Status

6/10/2017- Due to the great work of our dev team, calculator is back online and working great. Use our calculators to check the amount of interest due on security deposits, rent board fees and allowable rent increases. http://relistodev.wpengine.com/calculators/

Our new website will be a work in progress over the next week as we ensure content, flow and functionality have all been properly transferred.

 

Thank you

Eric Baird- President

6/9/2017- Users may be experiencing difficulties in reaching our calculators on both relisto.com and our many partner websites. We are working on this matter and will update when fixed. Thank you for your patience.

 

 

New website to best serve our landlords and residents

ReLISTO Launch

As the co-founder  and managing director of ReLISTO, I am very pleased to announce the launch of our new brokerage website. Over the past few years, ReLISTO has seen tremendous growth in the San Francisco area due to our commitment to our landlord clients and our skill and success in renting properties. The new relisto.com was built to meet the demands of this growth, provide more exposure to each property, simplify the process of renting, provide greater value to our landlord clients and provide more information and services to our potential residents and relocation customers.

Here are some highlights:

For Landlords:  

  • Exposure: Tools built into the site to maximize exposure our landlords listings on the internet.
  • Bigger photos
  • More videos
  • Communication: More tools for prospects to save properties, contact a trained agent, schedule a viewing and submit their applications.
  • Lead generation: Lead generation tools to capture as many prospects as possible.
  • FREE Leasing: For furnished properties, we can now charge the tenant directly for leasing fees
  • Easy sign up- We have simplified the process to bring your property to market
  • Guarantees- More guarantees for our furnished properties to give our landlords peace of mind when renting monthly
  • Online Rent Payments
  • Online Management tools

 

For Tenants:

  • Making the process easy.. We have built into the site multiple ways to contact an agent by way of phone, messaging tools, online forms and scheduling to having a back up contact for each property.
  • View online.. We take videos of almost every property. Depending on property, you can then with confidence rent sight unseen.
  • Open house calendar- Interested in seeing a property. Our calendar page has all the open house tours for your consideration
  • Online applications- No paper applications, easily fill out an application from the comport of your computer
  • Tenant resources. We have built multiple pages devoted to providing our tenants the information  they may need to move in, better understand the lease ,  secure security deposits or to make a service request
  • Online Rent Pay- We make paying rent easy. As a payment processor, we can set up payments between tenant and landlord

Relocation and Temporary Housing

As a significant part of our brokerage business, we provide companies and individuals a great deal of value when finding housing in San Francisco. Our new website allows for quicker and easier sign ups to get you into your next property more quickly.

Over the next couple of weeks we will be working out the bugs of the site and filling in data that may be missing. Please feel free to drop us a line if you have any suggestions.

We greatly appreciate your patronage and look forward to providing excellent service to all our clients and customers.

Warm Regards

Eric Baird
Co-Founder, President, Landlord Advocate and RN