3 ms·
Unless you are a real estate pro, it is utter folly to rent your house out in SF due to the many provisions of the Ellis Act. http://www.sftu.org http://www.sf
by varelse 13y ago
Unless you are a real estate pro, it is utter folly to rent your house out in SF due to the many provisions of the Ellis Act.
http://www.sftu.org http://www.sftu.org
In here you will find so many overly tenant-friendly rules and rights that unless you can afford a really great lawyer to help you navigate them, it's easy for small time landlords to get screwed over hard. This probably means you.
I'm sure these rules were all instituted for good reasons, but IMO they've become an inane and insane entitlement
I witnessed their effect personally some years ago when one of the creators of bittorrent invoked the Ellis Act on an ex-girlfriend of mine who wanted to take the top floor of her house off the rental market. He nearly drove her to bankruptcy.
I'm not saying this is what always happens, but just seeing it occur once is more than enough to persuade one to never ever even consider being a landlord there.
- cinquemb 13y agoI'm not talking about renting at all. I'm talking about "anyone, including corporations, the federal government, states, and municipal corporations, can be an adverse possessor"[0], but in this case some entity (e.g. hackerspace group ltd|org|corp|llc) that raises funds like traditional hackerspace groups in order to pay property taxes on residential homes that are being claimed in adverse possession. This is just an idea I had in the moment though, but in my eyes, banks will give the most push back, though I'm sure some kinda of deal could be made if mutual ground can be found. [0] http://legal-dictionary.thefreedictionary.com/Adverse+possession http://legal-dictionary.thefreedictionary.com/Adverse+posses...