Posts Tagged ‘rent’

Wow, a Master Tenant Tells KQED He Rents Out Room for More Than Allowed by Rent Control – WTF? Plus, a Simple Solution

Thursday, April 3rd, 2014

All right here we go:

In San Francisco, Rooms for $1,000/Month Are Now Scarce - Sam Harnett | April 2, 2014

“Brian Harrigan is on the other side of the equation. He is on the lease of an iconic four-bedroom Victorian in the Lower Haight. He could probably rent the rooms out for as much as $1,500 each, but he doesn’t want to be greedy. At the same time, he said, ‘If I was to rent it out at like $500 I would have hundreds of emails. You would get everyone applying for it, and it wouldn’t be manageable.’ Harrigan recently had a room open up in the apartment and he decided to put it up at $1,000 — about double the rent-controlled rate and $500 below what he could have charged. Even with the inflated price, he received about 50 applications for the one room.”

What what what – the rent for the room is “about double the rent-controlled rate?”

Non non non! You can’t do it that way in SF.

Here are the three rules, IIRC:

1. Total rent paid by the subtenants may not exceed the rent paid by the master tenant to the landlord.

2. Rent paid by subtenants to the master must be proportional to the total rent – so if the rent controlled rate is for a two-bedroom is $1000 per month to the landlord and the master and sub each share 50-50 (like the rooms and everything else are identical) then the rent charged to the sub should be $500, or close enough to $500.

3. The rent paid by the master to the landlord shall be disclosed in writing to the sub before the sub moves in in the first place.

Those are the rules – live it love it learn it.

Now, can a subtenant get back money from the master if the rent charged is deemed to be disproportionate? Hell yes, going back years.

So is it wise to tell KQED how you set the rate for a room in rent-controlled San Francisco if you’re not sure you’re doin it right? No.

So what should master tenants do then? ‘Cause if you advertise a room for $400 a month on craigslist the world will beat a path to your door, right?

Here’s what you do, you figure what the rent should be for a room but you keep it a secret at first. Then you advertise the room at a market rate, $1400, whatever – and that will cut down on the riff-raff, that will avoid a 50-person beauty contest from every state in the nation, right? And then after you pick somebody to be your new roomie, then comes The Reveal, which is actually the rent is only $400 a month are you cool with that. And it will be, I guarantee it.

What’s that, this strategy isn’t for you because ____? Well all right, have it your way. But just make sure* you split the rent proportionally, that’s what I’m saying.

*Heavy is the head what wears the master tenant crown, right? Of course, there are pros and cons to being a master tenant in rent controlled SF – it’s not for everyone. 

My Personal Best: Four Tower Cranes in One Shot – “The Crane is Now San Francisco’s Official Bird”

Thursday, February 6th, 2014

Find me a recent photo what shows five or more tower cranes in Frisco – I challenge you.

Such cranes!

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INTRODUCTORY NOTES: “I’d like to open my remarks with a humorous anecdote. The official bird of San Francisco isn’t the California Quail! It’s actually the crane. [Pause for gasps and puzzled looks.] The _construction_ crane! “[ Pause to wait for the applause to die down, to enjoy the smiles of onlooking Walter Wong and Rose Pak, to bask in glory of being appointed by that guy who got appointed by that guy who got appointed by Willie Brown, to exult in being an obedient figurehead girl who does exactly what Downtown tells her to do.

Here It Is: “Brand New Apts – AVA – 55 9th Street” – “AVA is Now in a Relationship with Mid-Market”

Wednesday, February 5th, 2014

Uhhhhhhh… what?!

Your Civic Center Blog puts this all in perspective for us:

There is new signage on the building proudly proclaiming that “AVA is Now in a Relationship with Mid-Market,” and my first thought was, “Be careful to avoid the meth heads and chronic alcoholics in your new relationship, AVA. They will always be a disappointment.”

Photo via the San Francisco Civic Center Blog:

Click to expand form a relationship with Mid-Market

(First NeMa and now this.)

What’s This, the NeMA Building Version of The Bachelor? Software-American Kyle Zink Stars in Unusual WSJ Ad

Friday, January 10th, 2014

Here it is, writer Sarah Tilton’s latest in the Wall Street Journal:

How Techies Are Transforming San Francisco - A generation of technology workers is bringing startups, venture capitalists—and high real-estate prices.”

And here’s a Dewar’s Profile of a NeMa Building resident who doesn’t seem embarrassed to live there.

Kicking it on the rooftop with a nice mug of Smitten Brand Ice Cream no doubt:

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Those Segway Personal Transporter Rentals in Golden Gate Park are Proving Popular

Thursday, November 28th, 2013

So like you’ll regularly see a couple dozen in the field with only a few left at the Music Concourse.

This is new on me – I was used to seeing only six or eight tourists on this things at any given time.

See ‘em? Two teams, two leaders:

Them Segways themselves, well they represent failure, but Segway rentals in GGP in 2013, well that represents success, looks like.

Turn Off the Dark: Our 88-Year-Old Pacific Telephone Building is Back in Business, Baby! 140 New Montgomery is All Lit Up

Thursday, November 28th, 2013

Thusly:

You see, first it was all like this, abandoned, empty:

Then it was all like this, as seen from 225 Bush, a slightly older and slightly shorter building:

And then you could see through the thing, as seen earlier this year:

And now it’s a beacon at night.

I guess it’s called 140NM now? Ok fine.

So, first this building was commercial office space, then they wanted to change it to condos, and then they changed it back to office space, and now I’ll bet they wished they had stuck with the condo idea. Oh well.

Anyway, get all the deets on the Pacific Bell Building right here.

 

It’s Not Hard to Spot AirBNB People When They Travel About the Western Addition – They Sort Of Stand Out

Thursday, November 14th, 2013

As here in The Projects waiting for the #5  Fulton:

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I don’t think that these people ever would made it to the Western Addition without the recent appearance of “sharing economy.”

 

More Signs of Life at 1751 Fulton, the Death Zone for Restaurants – Former Poleng Lounge / Social Club / Storyville Avail for $18K/Mo

Wednesday, October 30th, 2013

I don’t know, what kind of business could you run to cover the $4 per square foot per month rent on this foggy, windblown section of Fulton across the street from the Lucky?

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Back in the day, it looked like this on the weekends, with college kids barfing up here and there:

Of course, back in the day the business that actually made money on this side of the block was the quite active whorehouse called Gabin. These days, it’s world famous Papalote what’s earning the dollars with their expensive burritos.

But what kind of restaurant would you put in to meet your payroll and pay the rent of $1000 a day in this out-of-the-way location?

I’m clueless

 

Say What? You Can Buy a Two Bedroom Co-Op in the City of Richmond for $300-something per Month?

Thursday, October 24th, 2013

I think so. Like this place with a parking space is going for less than $100k, plus co-op fess of $300-something a month, which wouldn’t even cover the rent for a parking space where I live.

Anyway, it’s  in Atchison Woods It isn’t for me, but if you’re interested: westbissell338@yahoo.com

I guess I’m blown away by the pricing.

I had no idea

100 Van Ness Has Been Stripped to the Bone – You’ll be Able to Move In Soon – Best of All, No Rent Control!

Friday, October 4th, 2013

I’d like to open my remarks with a humorous anecdote. The Official Bird of San Francisco isn’t the California Quail, it’s the crane. [Pause for gasps and puzzled looks.] The construction* crane! [Pause to wait for the applause to die down, to enjoy the smiles of onlooking Walter Wong and Rose Pak, to bask in glory of being appointed by that guy who got appointed by that guy who got appointed by Willie Brown, to exult in being an obedient figurehead girl who does exactly what Downtown tells her to do.]

This is as naked as 100 Van Ness Avenue is going to get. (It’s the Harbinger of the Apocalypse, don’t you know.)

Be sure to invite me over to enjoy the 20+ foot tall penthouse playground.

Box, crane tower, another box, sky, clouds. NewMa, meet OldMa: 

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All the fun will start in 2015…

*By that, she means tower crane, which I suppose is what people call them in everyday life. I’ll remember 2013 as the year I could see a dozen huge tower cranes over San Francisco every day. Not that that’s a bad thing in itself. But corruption is a bad thing, right?