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All Forum Posts by: Amit M.

Amit M. has started 18 posts and replied 1532 times.

Post: Facebook Shifting Many Employees to Permanent Remote Work

Amit M.Posted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 1,584
  • Votes 1,622

@Robert C. I also think that once this covid-hyped WFH dies down, well cared for and coddled tech workers are going to be like WTF? It’s hard to get all those nice free gourmet meals/lattes/health drinks from a zoom call! Not to mention all the other perks, nice office spaces, and a built in social life of like minded people. 

The more I think about it, the more I think the whole ‘WFH is taking over‘ is a giant balljack!

Post: Where will people move - Exodus from Cali and NY

Amit M.Posted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 1,584
  • Votes 1,622

Indeed, people have been leaving prime costal CA for decades. Thing is though, they have been getting replaced by people with more money and resources. 

Post: Tenant using Backyard for parties

Amit M.Posted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 1,584
  • Votes 1,622

@Barry Wang outside of their robust social life they sound like decent tenants. What I’d do is try to get them to do the get togethers on a less frequent basis, like every other month max. And not every week. Explain that neighbors are complaining and you’re trying to find a balance. You may have success, and still keep good tenants = win-win. 

I personally think that telling future tenants “no guests or alcohol” in the yard is anal and a turn off to even more modest social folks. If anything I’d say no large gatherings, but they can do it in the unit, so limiting the yard will also sound off putting IMO. 

@Brian Garlington I hear ya on SF rentals 🥵. But seriously, with the moms for housing, etc, unfortunately Oakland is catching up to our level of nuttiness. Matter of fact, the whole state is going down a bad path...let’s see how we survive the 2020 elections...

Stay safe. 

Post: Facebook Shifting Many Employees to Permanent Remote Work

Amit M.Posted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 1,584
  • Votes 1,622

@Robert C. those are solid point Robert. There is definitely an element of the unknown WRT WFH. My gut is telling me though that at the end of the day, it won’t be a tipping point event. Certainly Covid 19 will leave us a changed society, but I also think there will be a push to go back to some level of previous normalcy too. 

Post: Separate electrical and gas meter for ADU in San Francisco

Amit M.Posted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 1,584
  • Votes 1,622

My hunch is that you will need to get electrical and plumbing (gas) permits. Plus you’ll have to deal with pge for both meters. A MAJOR pain in the *** IMO. 

If I were you, I’d just pro rate the pge bill between the 2 units on a % of people living in each unit. Much simpler. 
————

my2c

Post: San Francisco Tenant Protection for Evictions

Amit M.Posted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 1,584
  • Votes 1,622

I don’t think you are liable. You can also call the SF rent board, explain the situation anonymously, and see what the say for free. Best to talk to an attorney, or have your insurance co do that, or you’ll be out $3-400 for the attorney conversation:)

Keep us posted here what you learn. 

Post: Facebook Shifting Many Employees to Permanent Remote Work

Amit M.Posted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 1,584
  • Votes 1,622

@Robert C. personally I think the recent work from home hysteria is a fallacy. Conceptually, working from home has NOTHING to due with covid 19. If it’s so awesome, why wasn’t it adapted en mass years ago? Yahoo a couple years back even rolled back WFH. It’s a trend that will have some effect yes, but it’s being way over hyped. For two main reasons: 1- I’m not sure it will really provide long term benefits to the tech firms jumping on the bandwagon now  2- I’m not sure how many employees will like it, after the forced-Covid-novelty wears off. 

As for WFH effect on the Bay Area, keep in mind that when people work from home, their direct environment becomes MORE, not less important. Would you rather be home based in the Bay Area with tons of things to do nearby, good weather, lots of nature, etc. or someplace with little culture, extreme temperatures, bland immediate environment, etc., etc. There is a reason many people, who can afford to do so, aspire to live in CA and especially the Bay Area. Working from home isn’t going to radically change those aspirations.

Post: How will the Bay Area Real Estate Market change with WFH???

Amit M.Posted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 1,584
  • Votes 1,622

Also keep in mind that when people work from home, their direct environment becomes MORE, not less important. Would you rather be home based in the Bay Area with tons of things to do nearby, good weather, lots of nature, etc. or someplace with little culture, extreme temperatures, bland immediate environment, etc., etc. There is a reason many people aspire to live in CA and especially the Bay Area.  Working from home isn’t going to radically change those aspirations. 

Post: How will the Bay Area Real Estate Market change with WFH???

Amit M.Posted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 1,584
  • Votes 1,622

My favorite part was how speculation of San Francisco’s demise began back in 1874 (post gold rush.) 

Hasn’t happened yet!

Post: looking to cash out of CA and invest for Cash flow

Amit M.Posted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 1,584
  • Votes 1,622

@Account Closed

said
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3words

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