Can’t afford an apartment in San Francisco? So-called “co-creative housing” is offering a bunkbed and lots of company. But is it legal? “It’s decorated nicely, looks clean,” she said.
Other pluses: a communal kitchen, well stocked. And three bathrooms per floor, though Heidi found them not always spotless.
“You still have those typical roommate issues but times that times 30, because there’s 30 people sharing a house,” Heidi said.
The minuses: Small bedrooms.
“So the four-person bunk room is pretty tight. I mean its small, the bunk beds are backed up to each other,” Heidi said.
Even her two-person bunk room she says was tight. “It’s not like I would sit in my room and hang out. There’s a bunk bed and a desk, you know? And it’s small,” Heidi said.
Heidi told us most of the residents are in their 20s, from out of town, many from out of the country.
“I think it is just one of those, I need to get to the city and this is going to be the first stop. And then I’ll find something else,” she said.
The tenants seemed happy. But is it legal? Chief housing inspector Rosemary Bosque said bedrooms have to be 170 square feet to accommodate four adults.
Bosque says her inspectors can’t go in to measure unless there’s a complaint from inside. And so far there hasn’t been. “Whenever we do an inspection, it’s a consensual inspection,” she said.
As for using the building for what appears to be a hostel? “That is really a policy matter that I would leave then to the board and to the Planning Department,” she said.
“We do have a complaint, an active complaint on that property which we are investigating,” said Scott Sanchez with the Planning Department.
Now THIS is efficiency at its finest.
Oh popcorn ceilings, bless your heart. Your day has come and gone. Yesterday’s standard in residential construction is today’s eyesore. Such is life in the world of home design.
Are you the owner of a popcorn ceiling? If so, don’t fret because the Internet is chock full of DIY popcorn removal tutorials. We even covered a nifty alternative to traditional popcorn ceiling removal which is generally less messy (and more attractive) than the old way…read more
This powerful four-member “team” could mean the difference between success and failure in real estate. Sometimes a team can accomplish far more than a group of lone individuals. For example, cyclists in the Tour de France take turns riding at the front of their group, decreasing the wind for those behind them. Wolves hunt in packs to take down animals 20 times their size. And for those of us who were children of the '90s, we all remember Ducks Fly Together…read more
Think you can’t invest in real estate because you love to travel? Think again. Here’s how one traveler renovates, manages and rents her investment property, no matter where she is in the world.
Sometimes it’s worth investing in a middle man. Pant describes hiring a property manager after a phone consultation. She signs the contract electronically and keeps tabs on the property’s needs by email. The property management company does all the necessary upkeep, like cleaning gutters, and sends photos to Pant when tasks have been completed.
Even when she’s adventuring around the world, Pant knows her property is in good hands. read more
Despite being relatively inexpensive, books can be extremely valuable to entrepreneurs and real estate & rental investors. With just a few sentences, book readers can walk away with new insights and practical lessons that they could use to improve both their personal and professional lives. This is especially true for rental property investors. Whether you are a new or veteran real estate investor, these six books will add value to your rental property portfolio…read more
Renters are looking a little older these days.
Rental applicants tend to conjure up images of recent college grads looking to start their life in the real world. But Millennials are facing increased competition from people who have already spent decades in adulthood, and may have better credit and higher income.