San Francisco Allowable Rent Increase For 2016 is 1.6%

San Francisco Allowable Rent Increase For 2016 is 1.6%

This Year’s Annual Allowable Increase for San Francisco Rent Controlled Units:

The annual allowable increase amount effective March 1, 2016 through February 28, 2017 is 1.6 %. The annual allowable increase amount effective March 1, 2015 through February 29, 2016 is 1.9 %.

To Calculate Rent Increases In San Francisco, Use ReLISTO Rental Calculator. Calculator is specifically designed for San Francisco Landlords and Tenants. Bank increases, partial rent increases, and shifting anniversary dates are easily managed. Best of all its a free tool for Landlords, Property Managers and Tenants to Use.

FROM TO AMOUNT OF INCREASE
March 1,2016 February 28, 2017 1.6%
March 1,2015 February 29, 2016 1.9%
March 1,2014 February 28, 2015 1.0%
March 1,2013 February 28, 2014 1.9%
March 1,2012 February 29, 2013 0.5%

Come Out and Celebrate the Successful Launch of Stevenson Lofts With Us!

Join us in celebrating the successful launch of Stevenson Lofts! Stevenson Lofts is a brand new 60-loft building in the center of the Mid-Market tech hub. Each unit has over-sized windows and a signature ladder or spiral staircase creating an urban and open feel while maximizing the space. They also have high-efficiency stackable LG washers and dryers and are wired for WebPass. Our tenants can take advantage of the serene bamboo courtyard and panoramic City views from the roof deck, as well as the conveniences of Scoot, ZipCar, and Laundry Locker.

We are excited to announce that after months of hard work and the dedication of the owners, building crew, property managers, and ourselves (ReLISTO) we have successfully opened and quickly rented the market rate lofts. We will be celebrating with our new tenants, community partners, and neighbors on Thursday, February 18th from 5:30pm to 7:30pm. We are honored to have District 6 Supervisor Jane Kim join us along with some other special guests to speak about all of the exciting changes happening in the neighborhood and about the building itself. We will also be offering tours of the building and select units for those new to the property. There will be drinks and snacks so come toast with us to everyone for a job well done. We hope to see you there!

DATE:  Thursday, February 18, 2016

TIME:  5:30pm – 7:30pm

LOCATION:  Stevenson Lofts – 529 Stevenson Street, San Francisco, CA 94103

EVENT SCHEDULE:

          5:30pm – 6:00pm:  Vendor Tables (See list below) and Entertainment

          6:00pm – 6:30pm:  Speakers (See list below)

          6:30pm – 7:30pm:  Vendor Tables and Entertainment

SPEAKERS:

  • District 6 Supervisor Jane Kim
  • Developer Henry Wong
  • Stephanie Gordon, President of Gordon Property Management
  • Eric Baird, CEO of ReLISTO

VENDOR TABLES:

  • Bannerman Security
  • Gordon Property Management
  • Laundry Locker
  • Omni Storage
  • ReLISTO
  • Scoot
  • WebPass
  • ZipCar

INVITATION:  Click here to view the invitation and RSVP if you would like to join us.

“Upgraded Appliances” What does this mean?

In San Francisco most renters ideally want an apartment with an open social kitchen. A kitchen where friends and family can be entertained and enjoy each others company. As such large attractive and upgraded kitchens extending into another room are in huge demand and will secure higher rents or occupancy rates. Great appliances play an important role in this kitchen.

So what is upgraded? When are your seemingly great appliances out of style? In San Francisco, rental housing can be either brand new or comprised of older, historic Edwardian or Victorian charmers. In these older homes ranges can be as old as the house! When communicating with both landlords and tenants we typically utilize a 10 year window to define upgraded. Of course it just about the age since higher quality appliances tend to maintain their style for longer periods of time. For example look at the two Wolf Stoves in the photo associated with this posting. The 2015 version has a lower profile but besides this its an indistinguishable difference.

Fun Facts:

  • 5 years- Number of years ovens in rental homes are depreciated
  • 10-15 years- Number of years most ovens will last. See article
  • Most appliance companies do not refer to the year a particular unit was manufactured.  Just try to look up “10 year old Viking Stove”.