Below, property owners will find pertinent information and resources which we believe is useful for both the investing and operating of Multi-Family properties.
The Devincenti-Lagomarsino team would like to remind the building owners of San Francisco to check if your properties are on the Preliminary Soft Story List, which can be found below. The City of San Francisco has signed into law a program for the mandatory retrofit for all wood frame buildings permitted for construction prior to January 1, 1978 with two or more stories over a soft or weak story that contain five or more dwelling units.
For a complete analysis on how the Soft Story ordinance may impact your property please call James Devincenti or Brad Lagomarsino.
The rate of interest owed on deposits for the period March 1, 2019 through February 29, 2020 is 2.7%.
The rate of interest owed on deposits for the period March 1, 2018 through February 28, 2019 is 1.2%.
The new rate is published annually by the Rent Board in early January for the one-year period beginning March 1st.
We recommend using Berendt Properties for all your leasing needs.