San Francisco Tenants Break Leases at Alarming Rates

I mean it makes total sense. If the prices go down then the math is super simple. If people are leaving its very likely they're paying cheaper rent.

If anything 16% of their poll seems totally reasonable given the market & circumstances.

Re: San Francisco Tenants Break Leases at Alarming Rates

#5

Post by idiot900 » Fri, Jun 26, 2020, 12:40 AM UTC

> The survey revealed that 16 percent of owners reported residents broke their leases or unexpectedly gave a 30-Day Notice to Vacate. > A total of 315 landlords responded to the survey, owning or managing 10,377 residential apartments citywide...

So, 50 landlords (~16% of 315) reported that they had at least one tenant unexpectedly leave early? Over what time period? How many tenants in total? This may or may not be an interesting story - we can't tell.

Re: San Francisco Tenants Break Leases at Alarming Rates

#6

Post by buboard » Fri, Jun 26, 2020, 12:46 AM UTC

alarming to whom?

Re: San Francisco Tenants Break Leases at Alarming Rates

#7

Post by sangupta » Fri, Jun 26, 2020, 12:49 AM UTC

535188B17C93743 wrote: post #3

Glad to be one of them. We'll see if I make it back to the good ole Bay Area.

Did you move out of bay area completely, or to a place more affordable. Am in cupertino and been thinking should I move or not?

Re: San Francisco Tenants Break Leases at Alarming Rates

#8

Post by refurb » Fri, Jun 26, 2020, 12:50 AM UTC

idiot900 wrote: post #5

> The survey revealed that 16 percent of owners reported residents broke their leases or unexpectedly gave a 30-Day Notice to Vacate. > A total of 315 landlords responded to the survey, owning or managing 10,377 residential apartments citywide... So, 50 landlords (~16% of 315) reported that they had at least one tenant unexpectedly leave early? Over what time period? How many tenants in total? This may or may not be…

Yeah, the statistics are kinda crappy.

What would be more useful is of the 10,377 apartments these landlords represent, how many of those apartments broke their lease?

Re: San Francisco Tenants Break Leases at Alarming Rates

#9

Post by texasbigdata » Fri, Jun 26, 2020, 12:50 AM UTC

dexterdog wrote: post #2

16% is not alarming to me given the situation and how ridiculous real estate is in SF. I expected a higher number than that.

Annualize it though!

Re: San Francisco Tenants Break Leases at Alarming Rates

#10

Post by deeblering4 » Fri, Jun 26, 2020, 12:53 AM UTC

buboard wrote: post #6

alarming to whom?

I’m guessing alarming to slumlords, property maintainers and the like.