One of the classic real estate anecdotes is that the best time to buy real estate is always 5 years ago! In other words, real estate is a long-term investment so you want to jump in the game as soon as you can and then hang on for a long ride (dear life?). According to the Financial Times, if you were the Queen of England, you would have seen your real estate income property portfolio produce a 9,200% increase in rental income during your 60-year & countin' reign. Queen Elizabeth’s … [Read more...]
What’s the deal with San Francisco Rent Control? Or I’m thinking of buying an investment property or renting out my home. What should I know?
Recently, a client mentioned that they may relocate out of San Francisco and were considering keeping their home as rental property. She wanted to know, "What's the deal with San Francisco rent control and what kinds of things should I know before becoming a landlord in our great 'Republic of San Francisco'?" To summarize: San Francisco has one of the most draconian rent control rule books in the United States. If you know of a City with stricter rent and eviction control rules, please let me … [Read more...]
If you have a really fabulous San Francisco property, like a luxury condo near the museums and restaurants or a perfect home in Russian Hill with views to die for, you might be able to turn your real estate into a fractional property. Fractional real estate sells for 1-2.5 times a regular sale and it gives you the option of keeping a part of your property. Say you are ready to retire to the Wine Country but want to have a place in San Francisco during Opera Season (or heck, Giants season for … [Read more...]