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mikeklaas | 4 years ago

It's sensible in San Francisco because having an active renter makes a property worth significantly less.

Why? You basically cannot kick evict a renter or raise their rent.

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htormey|4 years ago

Doesn’t that depend on the age of the building? I thought rent control was 1970s and earlier? That being said, SF is generally very tenant/sub tenant friendly in its laws.

enahs-sf|4 years ago

Even still, landlords fear legal repercussions so much that they're willing to let a lot slide. When I moved out of my SF apartment, a plant I had had damaged the floor and my landlord was willing to eat the cost provided we moved out swiftly. Replacing the floors probably set him back a couple grand, but evicting tenants could be far more expensive.

cheriot|4 years ago

Sitting empty it's hemorrhaging cash, which isn't a great quality for investors.