pages: RentReviewAdvisoryCommittee/2018-12-17.pdf, 4
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RentReviewAdvisoryCommittee | 2018-12-17 | 4 | Approved Minutes December 17, 2018 Vice Chair Murray said she agreed a 5% increase was reasonable, and thought a rate of $1,780 (increase of $85) was reasonable, and on the high side for comparable units. Motion and second for an increase of $0 for December 2018, followed by an increase of $85 effective January 2019 through November 2019 (Members Sullivan Cheah and Johnson). Motion passed 3-0. 7-F. CASE 1158 - 1825 Poggi St., Apt. A318 Tenant: Jason Bey, accompanied by Jeff Cambra Landlord: Andy King Proposed Rent Increase: $179.00 (10.0%) to a total rent of $1,984, effective December, 1 2018 Mr. Cambra submitted a document that provided a summary of market rate one- bedroom apartments. He stated that landlords should not expect to be able to recoup all of the costs for improvements immediately, as the landlord should amortize the costs of the improvements over the life of the improvements and use those amortized amounts as the basis on which to request gradual rent increases. Mr. Bey said he was a single parent caring for his daughter, who attends Encinal High School. He said he works as a security guard and makes approximately $1,000 per week and had increasing expenses for his family. He said that if the rent increased to the amount the landlord was requesting he would be paying half of his income toward rent. Mr. King responded that the improvements made to the unit should increase the market value of the unit. He provided alternative comparable units, including a one-bedroom renting for $2,500, adding that new tenants at Vue Alameda paid about $2,300 for a similar unit. Member Sullivan-Cheah asked Mr. Bey if he had received any improvements to the inside of his unit and Mr. Bey replied that the balcony was remodeled, but nothing was improved on the inside of the unit. Vice Chair Murray asked Mr. Bey if he thought he would continue to be a security guard for the foreseeable future and he said yes. He added that his daughter was currently applying for college. She asked what effect the full increase would have on his family and he said it would be difficult for them to make it fit into their budget. Member Johnson clarified with Mr. King how he capitalizes expenses at the property. Mr. King proposed an increase of $80 from January 2019 to November 2019, and Mr. Bey accepted. Page 4 of 7 | RentReviewAdvisoryCommittee/2018-12-17.pdf |