Archive for the ‘For Renters’ Category

Choos vs. Condo: The Dilemma

That is the question today’s house hunters are asking themselves as they contemplate a move. If city life has got you living the high life, renting may be a more lifestyle-friendly option. How can you determine what is right for you? Here are four factors that you should consider:

  1. Your Platinum Amex is literally weighing you down: You have a closet full of Fluevlogs or Choos and credit score of 540. If your finances are stretched too thin, you are not ready to own. Just because FHA-insured loans allow for a much smaller down payment, it doesn’t mean buying is a smart decision. Simple as that.

    Summer 2012 $750

  1. You have wanderlust: While moving into a new flat is pricey, moving out is often more so. When you purchase a home, you do not pay a fee to the realtor. However, when you sell a home you are obligated to pay the agent’s full fee, which can be up to 6%, plus closing costs, final repairs [lime green walls were a good idea at one point, right?] and moving costs. These expenses can add up, and quickly eat into your investment return–if you stuck around long enough to gain one! So if you are thinking an Eat. Pray. Love. journey in the near future, don’t buy.
  1. Your calculations are incorrect: There are several wonderful tools available online to help you assess your home buying viability. Check out our Renting Vs. Owning page, with a link to a calculator, to see if you measure up. http://863katy.com/renting_vs_owning.php
  1. You still need your landlord to hold your hand:  Let’s face it- leaky roofs, broken dishwashers, and dripping faucets are not only annoyances, but harsh realities of home ownership, and amount to out-of-pocket expenses that you would not incur as a renter. If just the thought of a broken water heater causes heart palpitations, rest easier by leaving the upkeep to someone else. There is nothing wrong with that approach, and there is no rule that says you must own, even if you have the money. Whatever gives you peace of mind is the right choice.

Rent Board Adjusts Annual Allowable Rent Increase and Interest Payable on Security Deposits

Just Rented: Waller Street Townhome

Effective March 1, 2012 through February 28, 2013, the allowable annual increase amount is 1.9 percent. In accordance with Rules and Regulations Section 1.12, this amount is based on 60 percent of the percentage increase in the Consumer Price Index (CPI) for All Urban Consumers in the San Francisco-Oakland-San Jose region for the 12-month period ending October 31, which was 3.2% as posted in November 2011 by the Bureau of Labor Statistics.
To calculate the dollar amount of the 1.9 percent annual rent increase, multiply the tenant’s base rent by .019. For example, if the tenant’s base rent is $1,250.00, the annual increase would be calculated as follows: $1,250.00 x .019 = $23.75. The tenant’s new base rent would be $1,273.75 ($1,250.00 + $23.75 = $1,273.75).
The Rent Board also has announced the interest rate payable on security deposits for the 3/1/12 – 2/29/13 period—0.4%.

Recology recycling, compost and trash pickup – Holiday Schedule

 November 22, 2011

Dear Valued Customer,

We wish you and your family a safe and healthy holiday. Below is our holiday collection schedule.

Collection days will remain the same through the holiday season!
Please continue to place your recycling, composting, and trash bins at the curb on your regular collection day.

Office Closures
Our office will be closed on the following dates: Thursday, November 24 2011, Monday, December 26, 2011 and
Monday, January 2, 2011.

Christmas Tree Collection
Christmas tree collection will take place January 3-7 and January 9-13. Please place clean, unflocked trees next to your bins on your regularly scheduled pickup day. Be sure to remove all tinsel, decorations, plastic bags, stands, and lights. If your tree is more than 6 feet, please cut it in half.

 

Christmas week and New Year’s week:

 

Sunday Monday Tuesday Wednesday Thursday Friday Saturday
Dec 25, 2011
Christmas Day
No Collection
Office Closed
Dec 26, 2011
Regular Collection
Office Closed
Dec 27, 2011
Regular Collection
Office Open
Dec 28, 2011
Regular Collection
Office Open
Dec 29, 2011
Regular Collection
Office Open
Dec 30, 2011
Regular Collection
Office Open
Dec 31, 2011
No Collection
Office Closed
Jan 1, 2012
New Years Day
No Collection
Office Closed
Jan 2, 2012
Regular Collection
Office Closed
Jan 3, 2012
Tree Collection
Regular Collection
Office Open
Jan 4, 2012
Tree Collection
Regular Collection
Office Open
Jan 5, 2012
Tree Collection
Regular Collection
Office Open
Jan 6, 2012
Tree Collection
Regular Collection
Office Open
Jan 7, 2012
Tree Collection
No Collection
Office Closed
Jan 8, 2012
No Collection
Office Closed
Jan 9, 2012
Tree Collection
Regular Collection
Office Closed
Jan 10, 2012
Tree Collection
Regular Collection
Office Open
Jan 11, 2012
Tree Collection
Regular Collection
Office Open
Jan 12, 2012
Tree Collection
Regular Collection
Office Open
Jan 13, 2012
Tree Collection
Regular Collection
Office Open
Jan 14, 2012
No Collection
Office Closed

 

Happy Holidays,Recology Sunset Scavenger
www.recologysf.com

 

Rent Control Demystified

 bornstein&bornstein has a wealth of knowledge on the subject. Check it out!

For Buyers: Renting vs. owning? At what expense? Use this calculator

If you’re happy renting in San Francisco, there’s little point in stretching your finances to buy a home. There are many advantages to renting.

The major disadvantage of renting is that your entire monthly payment vanishes, and you have nothing left to show for it. Home ownership allows you to acquire equity, and allows you to deduct interest and local property tax from your income taxes. And let’s not forget the lifestyle that renters miss out on. Having your own home opens up a world of decorating an entertaining options, and also offers you greater freedom.

This calculator compares the cost of renting versus the real cost of buying a home.

Sites Help Struggling Homeowners Find Tenants

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Co-founders (from left) Brian Chesky, Nathan Blecharczyk and Joe Gebbia of Airbn

Nichelle Morant was on the verge of losing her three-unit house in Brooklyn, N.Y., this year after tenants renting the second and third floors lost their jobs and moved out.

With bills mounting and foreclosure looming, Morant converted the space into a bed and breakfast. Using the San Francisco rental site Airbnb.com to take reservations, she was soon raking in $4,500 a month, enough to cover her mortgage.

“This has been our stimulus package,” said Morant, a pastry chef, who lives with her family on the ground floor of the home. “We were going to lose our house.”

For Airbnb – along with Craigslist and rival rental sites like HomeAway.com Inc. – the threat of foreclosures is bringing a surge of listings. Local entrepreneurs Brian Chesky and Joe Gebbia didn’t have that in mind when they conceived of Airbnb. They just wanted to take the hassle out of renting out a house, a spare room, or even just a couch.

With U.S. unemployment near a 26-year high and foreclosures in their fifth year of increases, there’s no shortage of homeowners seeking relief. Using Airbnb presents risks, though. Renting rooms forces homeowners to share space with strangers, and amid a backlash from the lodging industry, there could be legal challenges.

New York Gets Tough

New York lawmakers passed a bill this month, backed by the Hotel Association of New York City and the Hotel and Motel Trades Council, banning rentals of less than 30 days in apartment buildings.

The legislation is directed at larger multifamily dwellings in New York City and not individual homeowners. Still, there’s broader concern about unregulated rentals, said Joe McInerney, chief executive officer of the American Hotel & Lodging Association in Washington, which advocates for the industry.  Read more.

City Ordinance On Eviction Protection Modified

EvictionNotice_090409Just Cause Protections for Residential Tenants Extended to Non Rent-Controlled Units Subject to Foreclosure

The proposed ordinance introduced by Supervisor Avalos last year to extend just cause eviction protections to newly constructed units has been modified and, in modified form, approved by the Board of Supervisors and signed into law by the mayor. The new ordinance goes into effect on April 24.

The new law adds a new section, 37.9D, to the city’s “Residential Rent Stabilization and Arbitration Ordinance.” The new section extends just cause eviction requirements and protections to tenants in units that are not now subject to eviction controls (e.g., most residential rental units with a certificate of occupancy issued after June 13, 1979) when those units are subject to foreclosure. The section also provides for particular notice of rights to tenants in possession of a rental unit at the time of foreclosure, and that failure to provide the notice can be an affirmative defense in unlawful detainer proceedings.

To view a copy of the new ordinance, click here.

Ever Wonder Whether You Should Buy or Rent?

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 http://www.nytimes.com/interactive/business/buy-rent-calculator

Here is a great tool from the New York Times. It shows an analysis of whether it makes sense for you to buy or rent, based on information you provide. Click Here

The Future of Home Technology, with Alfredo Zaparolli @ Techlinea

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Down to the wire

Alfredo Zaparolli tells us how to keep the modern home’s piles of electronics, cables, and remotes at bay.

By Joanne Furio, Photograph by Margo Moritz

Local interior designers and DIY home-improvement devotees can deftly turn a Victorian into a minimalist masterpiece, but the wires, devices, receptors, and keys required for plugged-in life often threaten to junk up the white-on-white backdrop. Enter Guatemalan-born Alfredo Zaparolli and his SoMa-based firm, Techlinea. While Techlinea is known for dramatic security work (clients include Latin American banks and Congrega­tion Beth Sholom, in the Outer Richmond, whose setup required approval from the Jewish Defense League), it also creates systems for lighting, temperature, and audiovisual components of the modern household—most of which can be controlled with a $500 iPad or $300 iPhone. During its 25 years in business, Techlinea has gained renown in the industry, and Zaparolli, a lighting designer by training, is a sought-after speaker. Not surprisingly, he has a lot to say about the connected house of the 21st century and what you can do to bring your digs up to speed without adding extra clutter. Techlinea: 415-836-9140, techlinea.com You still need wires to get good video signals for high-definition TV. What’s become wireless is telecommuni­cations; the Internet, obviously; and lighting controls. You still have wires from the switches to the light, but now they communicate to a command station or keypad. So the basic infrastructure is still wired, but the communication portion has gone wireless.

Twenty years ago, the “wired house” was the apex of technology. Has it now become the unwired house?

How has the idea of the fantasy house changed? The fantasy talk used to be about having the ability to control your hot tub or spa from a remote location, but I would never do that. If I run water, I want to be
in the house so I can turn it off.

Tell me about another cool, futuristic trend. I’ve seen some components in which a glass window becomes your video screen.

And the most exciting lighting innovation? Low-voltage LED strips. They’re about as wide as a piece of tape and can be placed on cornices, on crown molding, or under cabinets. They provide light that’s the equivalent of a fluorescent, but they don’t get hot like halogens.

In the house of the future, will we be using keys?
We’ll be using locks with codes that can be programmed to work on a certain day at a certain time. So you can give different codes to housekeeping and the babysitter. You can also update privileges remotely if dates and times change.

For more of this interview, click here