5 Things That You Should Know before Renting an Apartment in San Francisco

shutterstock_66967594Are you contemplating the idea of selling all your stuff and relocating to a city that would always give you something to do and see and help you prevent boredom? If your answer is yes, then maybe you should start looking for a rental in San Francisco, the vibrant Californian city who has inspired many prominent personalities, including Anthony Bourdain, who made shocking statement, declaring the following: “Anyone who doesn’t have a great time in San Francisco is pretty much dead to me.”

Why Should You Consider Moving to San Francisco?

Jokes and exaggerations aside, we could probably give you one million different reasons that would justify your intention to pack your bags and start a new life as a tenant in San Francisco. The friendly people, countless attractive job opportunities in different sectors, wonderful golden sunsets, beautiful rolling hills and majestic surrounding forests are only a few of the elements that define this pretty picture.

Believe it or not, San Francisco is the only city in the world that has actually found a name for its fog: Karl the Fog is incredibly active on Twitter and shares the funniest messages that could put a smile on your face even after the most stressful day at work. “Goodnight San Francisco. May you dream of finding someone special who responds to your texts with more than one word answers” is the kind of statement that makes you love Karl the Fog and realize that even the least pleasant factors can gain positive connotations in San Francisco.

The ever-changing weather stops you from investing in seasonal clothing storage and lets you wear your best-loved wardrobe highlights year-round.  Moreover, San Francisco is a dreamy environment with redwood forests, cool beaches and mountains. If you’re into spicy Mexican food, you’ll want to spend the rest of your days in this city, which is also famous for its healthy bike epidemic, great famers’ markets, huge parks and a nurturing sense of community. In a nutshell, San Francisco is filled with temptations that may convince you to pour all your savings into a for rent or for sale property.

5 Things That You Should Know before Renting a Place in San Francisco

Now that we have shown you the main advantages that your big move could help you unlock, perhaps it’s time to take a closer look at different aspects that you should consider before starting your first apartment search in San Francisco.

  1. Renting an Apartment in San Francisco Isn’t Exactly Cheap. How much money do you have in your bank account and how much do you expect to make on a monthly basis? Based on these answers, you can figure out whether or not a San Francisco rental would be the perfect match for you. As a recent article published by Huffington Post points out, you would have to earn at least $137,129 per year to be able to afford a new roof over your head in San Francisco. According to the same source, the most expensive city in America is constantly getting more expensive, and can become the core of a tenant’s worst nightmare. With rental rates exceeding the $4,000 milestone, it’s safe to say that you would require significant financial support to get the keys to a 2-bedroom apartment located in San Francisco’s most desirable neighborhoods, such as Dogpatch and South Beach, where rentals are in the $4,300 range.
  2. You Can Always Target a Few Budget-Friendly Neighborhoods in San Francisco. Truth be told, some parts of the city let you discover attractive rentals carrying less prohibitive price tags. For instance, the foggy Richmond District comprises more than a few appealing for rent properties that you could occupy for approximately $2,750 per month. Not many people could afford to list these options as bargains, but still, a house under $2,800 per month available in this area, or in other cheaper neighborhoods such as Oceanview, Outer Sunset or Excelsior, is the most convenient alternative to that $4,170 Panhandle –based rental apartment that you like to daydream about, but can’t afford.
  3. The Local Real Estate Market Is Extremely Diverse. From single-family homes in the $2,000 range to small studios that cost twice as much, San Francisco will always overwhelm you with a great variety of properties for rent, matching different budget, lifestyles and expectations. This is one of the reasons why it is so important to count on a great apartment finding service to spot and compare properties with just a few clicks before investing a dime in a new home.
  4. Buying May Not Be the Best Call. Yes, you could choose to bring stability to your life and take on new responsibilities by exploring the advantages of home ownership. At the end of the day, if you can afford to buy a piece of real estate, you could always turn your new house or apartment into a high-end rental to supplement your income and strike gold as a landlord. However, you should know that this option is feasible only if you’re already sitting on a pile of money, given that the median home sales price is estimated at $1,080,000 and reflects a 13% increase compared to the numbers reported one year ago, while the average listing price is $1,337,951 and indicates a 1.6% growth, according to the stats published by Trulia.
  5. You Can Always Find the Most Attractive Rentals in Your Price Range with Apartment Hunterz. Even when you’re intimidated by sky-high costs and your lack of information related to local real estate markets, you can still find convenient rentals in San Francisco and in any other Californian city, using the data provided by Apartment Hunterz. Take a look at thousands of recent listings, pick and save your favorites and benefit from an ample collection of tools especially designed to turn your apartment search into a lovely experience.

What Kind of Compromises Should You Be Willing to Make as a Californian Tenant?

Young realtor is with keys in an apartmentIf you could afford to move to any other city or state, you would probably be tempted to rent or buy a place in California. Maybe you’d do it to fulfill a childhood fantasy, get the job of your dreams or profit from amazing weather and some of the most spectacular beaches in the United States. Either way, you should know that buying a place in California is a serious matter that involves a high level of commitment and a significant amount of money.

Should You Rent or Buy a Place in Southern California?

In 2015, the housing market in Southern California is gradually awakening from a nap, as its home prices are rising after remaining flat for almost one year. As LA Times points out, the short supply and the improving economy are two of the main factors responsible for this growth. Moreover, according to the same source, job growth is another element that is giving people courage to discover the perks of homeownership in Southern California. In this context, it becomes obvious that the competition for affordable slices of real estate in this part of the country is fierce.

If you can’t afford to contract a loan and make a down payment, or simply feel that owning a house would limit your options and stand in the way of your future plans, you may want to try your luck as a tenant in California. While contemplating your options, you might be wondering:  from this perspective, what kind of compromises should you make to ensure your happiness? First of all, you should probably learn and assimilate the most effective lease negotiation tactics and master the art of communicating and compromising.

This will help you profit from move-in-ready space, minimize your expenses and even get flexible lease terms that could come in handy in a number of situations. For instance, at some point you may want to cut down costs by downsizing; in which case you may need your landlord’s permission to sublease. At the same time, landlords have all the reasons in the world to stay on the same page with tenants with good credit, who pay rent on time, do not complain about other tenants or housing in general and do not demand extravagant improvements. In most cases, an honest discussion with your landlord will help you set realistic expectations and negotiate an equitable lease. Once you’ve managed to reduce your rent or obtain other advantages, should you hope (and ask) for more or should you settle with the rental property that you have already chosen?

5 Compromises That You Should Consider Making as a Tenant in California

Even if affordable rentals are in high demand in California, and real bargains don’t last for more than a few seconds on local real estate markets, you should always research your options very carefully before signing on the dotted line. If you want to play all your cards right to reduce your costs and maximize your satisfaction, you should know that you can make other compromises on four key aspects related to your apartment renting experience: remodeling work, location, improvements and amenities. Here are a few suggestions that you may find helpful during this process.

Avoid the Headache of Costly, Unnecessary Remodeling Work. Every for rent property is a blank canvas that you can color and personalize as you see fit. But since you don’t own the place and you’re probably not going to spend more than a few months or years in the same spot, try to curb your own enthusiasm and do the math twice before pouring money in any type of remodeling work. Unfortunately, even the smallest adjustments can exceed your allocated budget, leave you high and dry and make you put more important projects on hold. For instance, a kitchen transformation implying basic upgrades could trigger costs ranging from $5,000 to $15,000, according to a Forbes article; so keep this price tag in mind before choosing new fixtures, paint and countertops for your rental. Moreover, do keep in mind that you will always need to get your landlord’s approval for any major changes that you may have in mind before giving the green light to an extreme makeover.

Remember That Location Is a Key Factor That Could Up Your Costs. While you can alter the appearance and vibe your house in countless different ways, you can’t actually change its location. Therefore, establish your priorities before making a final call. If you want to avoid long commutes and shady neighborhoods, consider spending a bit more on a rental that is located in an area with a low crime rate, in the proximity of your home and/or office.

Focus on Necessary Tenant Improvements. How much should you compromise when it comes to bringing tenant improvements into discussion? Here’s how it works: landlords will always try to minimize the positive changes that must be implemented to improve a living space. At the same time, the tenant will highlight the most impactful potential adjustments and suggest cost-effective ways in which these modifications can be made. You can employ a similar strategy to present these aspects to your landlord as a part of an ampler and more complex lease negotiation plan. Just make sure you develop realistic expectations and find the best way to let your landlord know why you (and other tenants) need and want these changes.

Evaluate the Available Amenities. Should you really judge a rental based on the amenities that it offers? Yes and no. Yes, you should probably avoid cheap rental properties that do not come with the basic amenities that guarantee your safety and comfort, but at the same time, you shouldn’t overspend on rent, especially if the apartment that you’re daydreaming about offers features and amenities that you don’t actually need and wouldn’t get to use very often. An onsite gym is nice, but how often do you actually work out? An indoor pool sounds like our version of heaven on earth, but it if you’re always at the office and never have time for a swim, this luxurious amenity will only inflate your monthly bills, without actually improving your quality of life in any way.

If you don’t feel ready to compromise, then maybe you just haven’t found the right place for you yet. In this case, choose to continue your apartment search and use the listings offered by Apartment Hunterz to find the most appealing rentals matching your location, preferences and budget. Choose wisely, master the art of compromising and discover the ideal for rent property in only a few days with California’s number one apartment finding service.

 

17
Sep 2015
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Ways in Which California’s Largest Apartment Finder Can Help You Rent Your Property

Happy girl given house key - indoorWe totally get it: you’re too busy to rent your place. Lots of people who work the 9-to-5 schedule don’t actually have the time and energy required to find and screen potential tenants. And still you could use a secondary source of income and you would very much like to know that your vacant property is in good hands at all times. Here are three ways in which Apartment Hunterz could help you spot the perfect tenants for your Californian rental.

  1. Create Free Landlord Account and Post Free Listing

Start your collaboration with Apartment Hunterz by creating your free landlord account and posting your listing at no extra charge. The process is very simple: you just have to list your basic info, including name and contact information, title, property type, a brief description, location, number of bedrooms and bathrooms, square footage, availability, pet policy, monthly rent, lease terms and so on. This type of free listing may also contain very succinct details related to other important aspects that may concern a tenant, such as parking, laundry, cooking and view.

  1. Make Sure Your Rental Property Benefits from the Highest Level of Exposure.

How exactly do you plan to promote your Californian rental? Word-of-mouth could turn out to be pretty effective in the long run, but it may also fail to deliver the rapid results that you are waiting for.  On the other hand, Apartment Hunterz understands your rush and makes it easier for you to attract potential tenants over the shortest period of time. With Apartment Hunterz you can create your own listings online, with help from a courteous staff member or via fax. Whichever option you choose, you can expect your listing to be seen by 20,000 unique daily visitors and other 2,500 active members. Moreover, the featured listings are automatically emailed to potential tenants. This type of exposure enables you to find the ideal in approximately three days, with minimal effort on your behalf.

  1. Post As Many Pictures and Virtual Tours As You Like

How can you convince your potential tenants to tour your property in person? The key is to prove that your house has an amazing curb appeal and a lot of potential. With Apartment Hunterz, you can post as many photos as you see fit per listing. This gives you the chance to introduce and promote your slice of Californian real estate from different angles and give viewers a few extra reasons to schedule an appointment with you as soon as possible. As a plus, Apartment Hunterz also enables you to receive applications and schedule appointments online, to help busy tenants enjoy a simpler, much more convenient house hunt.

All in all, a maximum level of exposure, a larger pool of potential tenants, convenient appointment scheduling and 24/7 assistance are the main benefits that you can expect to profit from as a landlord, while working closely with Apartment Hunterz to fill your vacancies in a matter of a few days.