My tenant buyout in San Francisco

[Diane G.]

Just wanted to write down my experience of tenant buyout in San Francisco, in the hope of helping those trying to go down that road...

So I have a unit in a 5 unit building in Pacific Height...Building comes up for condo conversion this year but my tenant needs to move so that my unit can be vacant...

He was paying $3700 when market rent was around $4800...After 6 months of long and (very) painful negotiation, tenant and I agreed at $61K buyout....

Tenant has been there for 8+ years, been a super perfect tenant, very nice and friendly, never late on rent in all of 8 years...I was actually kind of sad to see him go...

That was my experience... if you want to share yours, please go ahead....

[Andrew B.]

I'm 100% acknowledging that I have no understanding or experience in your market, but the fact that a housing market exists, where its appropriate to give a tenant $61k to give you control of your own property blows my mind.