Turning Inherited Single Family House into Rental in SF

[James LaPosta]

Hi All,

My family is inheriting a completely paid off 3 bed, 1.5 bath house in Ingleside San Francisco, right next to the Oceanview neighborhood. We want to turn it into a rental property but are unfamiliar with the local market. I work in Manhattan and house hack in NJ while the rest of my family is spread out along the East Coast. I hoping to connect with other investors that own/manage properties in the area as I will be flying out in mid April to start interviewing property managers.

I have a ton of questions but here are the biggest:

1. Are there any local laws or codes that I should be aware of when converting the property into a rental? Are there certain requirements of a rental? For example, in NJ the house needs to able to reach 70 degrees, fire extinguisher needs to be no more than 10 ft away from kitchen, etc.
2. Are there annual property inspections?
3. How much of an impact does a lack of a parking spot have on rent?
4. Any major leasing items that I should be aware of that are unique to San Francisco?
5. Any property management recommendations?

I look forward to hopefully connecting with some other San Francisco investors!