Savvy owners and real estate professionals are always in the know.





IN THIS INSTALLMENT:

As a society, everyone should contribute their fair share of public services and upgrades to infrastructure because it benefits all, but there is sentiment among the San Francisco Board of Supervisors that housing providers should pick up most of the tab. 

No matter where your property falls on the map, forward-thinking landlords and property managers with three or more units that have elevated structures should begin thinking about the statewide “Balcony Bill” that goes into effect on January 1, 2025.

Our premonition is that many in our rental housing community will wait until the last minute and find that skilled professionals able to conduct inspections will be in short supply, so now is the time to act. 

Pivoting to unincorporated parts of Alameda County, we are closely watching what lawmakers will do in an upcoming meeting amid calls for increased tenant protections. We are cautiously optimistic that cooler heads will prevail. 

As the war wages on for the repeal of Costa-Hawkins and expanded rent control, it may be prudent to legally raise rents now if possible to future-proof your businesses. 

Thank you for your continued engagement, and we welcome a continued conversation to power through the challenges you face. 

The San Francisco Board of Supervisors tells landlords to chip in more for public services and capital improvements

As modern-day victims of Robin Hoods, landlords are steadily asked to use their properties for the greater public good and shoulder the economic burden of failed policies.

By meddling with pass-throughs, San Francisco politicians have now foisted a new burden on rental housing providers with an ordinance that requires property owners to pay an inordinate share of general obligation bonds that fund improvements that benefit all residents.

2025 may seem far-flung in the future, but now is the time to be compliant with the "Balcony Bill"

A tragic balcony collapse has led to laws aimed at preventing neglected maintenance of exterior elevated elements. The inspections and requisite repairs can be a complicated endeavor. Moreover, the licensed architects or engineers authorized to perform these inspections will be in short supply if our community waits untill the last minute.

Translation: act now.

MORE FROM AROUND THE WEB

What would expanded rent control look like if the Justice for Renters Act came to pass? It may be instructive to look at the real estate portfolio of the authors of the ballot initiative.

After its buildings have been beset with habitability issues and lawsuits, the organization behind Costa-Hawkins repeal seeks to gobble up more properties.

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A victory for property owner rights is a rarity, but after 50 years of construction work, George Sheetz wanted to build on his own retirement house.

After the county forced him to pay a $23,000 "traffic impact mitigation" fee, the U.S. Supreme Court says fees must be based on actual adverse impact.

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San Francisco's rent registry numbers are trickling in. It's formally called a "housing inventory" but it's still a rent registry. The metrics confirm what we already knew: there are perks to being a tenant implanted in rent-controlled units for decades.

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For more happenings, view our newsy page.

For informed advice, get in touch.

Daniel will gladly answer any easy questions via email at daniel@bornstein.law but if you are in a quandary that requires a more in-depth conversation, we can schedule a 30-minute consultation.

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