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Nancy Corsaut, DRE# 01170376's Blog

By Nancy Corsaut | Agent in San Francisco, CA
  • Median Rent in SF for a 1 bedroom is now $3,120 - WOW!

    Posted Under: Market Conditions in San Francisco, In My Neighborhood in San Francisco, Rentals in San Francisco  |  August 14, 2014 7:56 PM  |  43 views  |  No comments
    We all know that rents have been skyrocketing in San Francisco for years now, but the latest statistics are quite unbelievable!  

    Not surprising that Hayes Valley tops out the list as the most expensive for 1 bedroom rentals with a median rent of $3,750.   Also not a surprise that Bayview is at the very bottom of the list with a median of $1,425.  

    Click here to see where your neighborhood lands in the mix.


  • Rent Board Announces Annual Rent Increase

    Posted Under: In My Neighborhood in San Francisco, Property Q&A in San Francisco, Rentals in San Francisco  |  January 4, 2012 4:54 PM  |  719 views  |  No comments
    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 has yet to announce the interest rate payable on security deposits for the 3/1/12 – 2/28/13 period.


    For additional details, please visit San Francisco Rent Board
 
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