News: San Francisco Apartment Association

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San Francisco will legalize short-term rentals like those offered online by AirBnB, but that greenlight comes with some stipulations – and lingering concerns among both landlord and tenant groups. The Board of Supervisors’ approval of vacation rentals came Tuesday, with a second and final vote expected later this month. “The status quo isn’t working; we have seen an explosion in short-term rentals,” Board President David Chiu said, according to this San Francisco Chronicle article. The story says the ordinance, which lifts the city’s ban on residential rentals shorter than 30 days, is set to take effect in February and will:… Read More

Tagged: San Francisco Apartment AssociationTri-County

The California Apartment Association is continuing its fight against an anti-Ellis Act bill that Senate Democratic leadership resuscitated May 29 after it sank on the Senate floor. Sen. Mark Leno’s SB 1439 certainly appeared dead Wednesday, May 28, when it received just 18 of the 21 votes needed to reach the Assembly. On Thursday, however, the bill made an astounding comeback amid vigorous political CPR. In its weekly newsletter, the Civil Justice Association of California dubbed the legislation a “zombie” bill for its surprising resurrection. “A last-ditch effort by the author offering vague amendments and ‘considerations’ with considerable arm-twisting by… Read More

Tagged: San Francisco Apartment Association

A bill that threatened to strip landlords of their right to leave the rental housing business failed on the Senate floor Wednesday, May 28, thanks largely to fierce opposition by the California Apartment Association. SB 1439 by Sen. Mark Leno, D-San Francisco, garnered 18 yes votes but needed 21 to advance from the Senate to the Assembly. While Leno can ask for a new vote through Friday, his chances of resuscitating the bill are meager. To defeat Leno’s bill, CAA lobbied heavily at the Capitol, launched an educational website for the public and spearheaded a letter-writing campaign that prompted hundreds… Read More

Tagged: San Francisco Apartment Association

In the next seven days, a major threat to the Ellis Act is expected to either win Senate approval or die on the Senate floor. We’re counting on you, our members, to help ensure the latter. Here’s the urgency: Friday, May 30, is the deadline for bills to pass out of their house of origin. Those that do will then go to the other house for consideration. So any day now, Sen. Mark Leno, D-San Francisco, is expected to push for a Senate vote on SB 1439, an assault on property rights that would weaken a landlord’s ability to quit… Read More

Tagged: San Francisco Apartment Association

Jerry Jacoby is a fourth-generation San Franciscan who lives on Filbert Street in the Russian Hill neighborhood. He was born and raised off of San Bruno Avenue and attended Lowell High School. Aside from serving two years in the Army in the Vietnam War, Jerry has spent his entire life in The City. He raised his four children in San Francisco and spent his working life at a number of jobs as an engineer, consultant and analyst for local firms from Levi’s to Fibreboard Paper to Matson. Jerry now survives on $12,000 each year in Social Security payments. As a… Read More

Tagged: San Francisco Apartment Association

Mellie Malcolmson was born in New Mexico and came to San Francisco at the end of the Second World War. She met her husband soon after arriving in The City, and they were married in 1962. In 1965, Mellie and her husband bought a small, four-unit property on the 1100 block of Filbert Street in the Russian Hill neighborhood and planted roots. The Malcolmsons raised their son, James, on the third floor of their building on Filbert Street, where Mellie continues to live, and relied on the rent from the other apartments for their mortgage. James has lived his entire… Read More

Tagged: San Francisco Apartment Association

For most folks, if they hate their job, or it just doesn’t pay enough, they can always quit. But what if you’re a landlord? It’s not easy, and if San Francisco politicians and at least one tenant advocacy group have their way, landlords will face more hurdles and costs if they try. In their sights is the Ellis Act, which provides limitations on what a local government can require of property owners who wish to end their rental housing business. What you’re unlikely to hear in the media is that the Ellis Act and local ordinances like one in San… Read More

Tagged: Sacramento ValleySan Francisco Apartment Association

Among large metros, Oakland nabbed the No. 1 position on the list of the country’s annual rent growth-leaders as of the third quarter, according to MPF Research. Pricing for new leases in Oakland grew 7.9 percent during the past year. While San Francisco ceded the top spot to Oakland, pricing power remained strong with rates up 6.6 percent annually. Rents climbed 5.9 percent in San Jose, according to MPF. Other strong performers in rent growth included the Southern California trio of Orange County, San Diego and Los Angeles, which just missed MPF’s top-10 list. “Improving performances in Southern California are… Read More

Tagged: Rental Housing Assn. of AlamedaSan Francisco Apartment AssociationTri-County

With the Bay Area expected to grow by 30 percent over the next quarter century, building more multifamily housing isn’t an option — it’s a necessity. In her column, Blanca Torres of the San Francisco Business Times acknowledges the resistance — albeit conflicted — to apartment development and then chips away at it. She ends her article by listing five reasons why bringing more apartments to the Bay Area makes sense. Each touches on an element unique to the region, such as The City’s soft spot for public transportation, its top-notch scenery and a desire to preserve natural resources.

Tagged: San Francisco Apartment Association

In this column in the New York Times, TV journalist Scott James tells a landlord’s horror story — it involves a sledgehammer — about renting out his downstairs apartment in San Francisco. He’s not renting out that unit again. James admits he’s adding to The City’s housing shortage and gives his reasons. What’s your take?

Tagged: San Francisco Apartment Association