Resources for San Francisco Landlords
Being a landlord in San Francisco can be a double-edged sword: while it can certainly prove profitable for the right type of person, it can also be made complicated by myriad laws, not the least of which is rent control.
If you own a home or homes in the San Francisco Area, it’s crucial that you know your rights as a leasing agent or a property management landlord. That’s why it’s not just a good idea to read up on different resources – it’s essential.
One of the best places to begin your search for information is at the San Francisco Rent Board. Among the most crucial things you’ll learn are:
- The annual allowable rent increase amount effective March 1, 2018 through February 28, 2019 is 1.6 percent. It was 2.2 percent the previous 12 months.
- The rate of interest owed on security deposits for the period March 1, 2018 through February 28, 2019 is 1.2 percent. The rate of interest owed on deposits for the previous 12 months was0.6 percent. The Rent Board publishes the new rate annually in early January for the one-year period beginning March 1.
- There are 15 Just Cause reasons for eviction under Ordinance Section 27.9 (a). The most common are:
- Non-payment of rent or habitual late payment of rent
- Breach of a rental agreement or lease
- Owner-occupancy or occupancy by a member of the landlord’s immediate family
- To perform capital improvements which will make the unit temporarily uninhabitable while the work is being done
- To perform substantial rehabilitation of a building that is at least 50 years old, provided that the cost of the proposed work is at least 75 percent of the cost of new construction
- To withdraw the rental units from the market under the Ellis Act
- Creation of a nuisance or substantial interference with the landlord or other tenants
- To demolish or permanently remove a rental unit from housing use.
RentPrep offers a San Francisco Tenant Screening Guide. Keep in mind that atop state and federal housing laws that directly impact landlords in the city, San Francisco itself has additional regulations that must be obeyed. One typical mistake: you cannot do a background check on a prospective tenant without their signed consent. Forget this at your peril.
The San Francisco Apartment Association offers education, advocacy, and support for the local rental housing community. More than 3,000 SFAA members enjoy benefits including:
- Rental and lease forms
- Legislative and political advocacy at City Hall as well as in Sacramento
- Phone support for rental housing questions
- Rental housing education classes designed to make you a more effective landlord and businessperson
- The monthly SF Apartment magazine.
Looking for more information or for the perfect rental property to purchase as an investment? You’ve come to the right local expert. Give me a call or send me an email and let’s begin this conversation!