"Help! My daughter has been given notice to vacate"

Help'Please help! My daughter has been in her apartment for [many, many] years, and now the owner plans to sell and has given notice to vacate to all the tenants. She can't find a rental that she can afford.'

From time to time I'll get a call like this, which is heart wrenching. Our area is a high cost area, with high rental prices and low vacancy rates. My response:

"Thank you for calling me yesterday, xxxxxx. I appreciate the trust you have put in me. 

I have done a search on available rental listings, and as I suspected, there is nothing close to what your daughter has been paying. This link will take you to the 5 least expensive rentals on our MLS Listings site in all of San Mateo County. If you or your daughter are interested in any of these, let me know and I'll check them out.
For rentals, your best bet is to go on Craig's List. I took a quick look and there are a few listed at under $2,000/month--not many, but some. www.craigslist.com will take you to the site.
One word of caution: there are sometimes scans on Craigs List where fraudulent people offer a property for rent that doesn't belong to them; they often want a tenant to send a deposit to them in advance.  Remember, if it seems too good to be true, it probably isn't legitimate. Be careful.
Another thought I had was to buy a simple condo. Often families pitch in together to make that happen. Perhaps one party pays the down payment (typically 20% of the purchase price) and the other the monthly payments. Or perhaps one party buys it on their own and rents it to the other. There are any number of variations. The good part of owning is that the occupant has security. Tax benefits of owning help offset the cost.
I pulled up 7 listings of 1-bedroom condos currently for sale in San Mateo County per our real estate board's listings. You can access that list by clicking here
Interest rates remain low, often around 3.5% on a 30-year mortgage.
If this idea is of interest to you, please let me know. I can put you in touch with a couple of very good, honest, helpful loan officers. 
There is a lot of information here for you to digest. Take your time. When you are ready, let me know how you and your family is doing, and what works best for you going forward."
Will I be able to help this family? We'll see.

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Today | Sotheby's International Realty

San Carlos, California, 94070

CA BRE#01215160; 650-465-4547






Comment balloon 27 commentsLottie Kendall • September 03 2016 08:24AM
"Help! My daughter has been given notice to vacate"
'Please help! My daughter has been in her apartment for [many, many] years, and now the owner plans to sell and has given notice to vacate to all the tenants. She can't find a rental that she can afford. ' From time to time I'll get a call like this… more
National Park Service is having a birthday
The National Park Service is having a birthday… and you receive the presents! August 25 - August 28, 2016 is party time, honoring 100 years of the National Park Service. Those 4 days entry to all National Parks is FREE for everyone. Check out… more
Relay for Life - Menlo Park, California
Did you know that every year over 4 million people in 20 countries participate in Relay for Life? This is the American Cancer Society's big event that raises awareness of cancer and the importance of screening; it raises much-needed funds for… more
Why Zillow Estimates are Wrong
Our colleague from Washington DC, Lise Howe, sends a very clear message about Zillow's "Zestimates. " The points she makes are valid here in the San Francisco bay area as well as DC and elsewhere. My suggestion: have fun with the site if… more
Hospital Rankings by US News and World Report
As if the climate, the strong economy, the recreational and cultural opportunities weren't enough -- not to mention the physical beauty of the area -- we have yet another reason to live in San Francisco and on the Peninsula and Silicon Valley -- the… more
It's a holiday weekend - time for a good hike
Yesterday, the first day of this 3-day weekend, included time for a great afternoon hike in Pacifica, a coastal town just south of San Francisco. We enjoyed plenty of solitude, views galore, and varied terrain and vegetation. As my FitBit recorded,… more
Are we starting to see a market shift?
The residential real estate market in San Mateo County and the Silicon Valley has been strongly favoring sellers since 2012-2013. Since then prices have risen dramatically, multiple offers have been the norm on almost every listing (except the… more
"Hi Lottie - This place is great"
This is what makes the long hours, the writing of numerous offers, the helping buyers deal with the disappointment of offers that were not accepted all worthwhile: "Hi, Lottie, The place is great! I am now happy about losing those first offers… more
Can Buyers in a Sellers' Market Succeed?
Can buyers succeed in a market that strongly favors sellers? Here's a tale of 3 of my recent buyers and how they are faring in today’s market which continues to favor sellers. (Happy buyers, Belmont, 2015) Buyer #1 – Success! Closed escrow in… more
Family Fest at Skyline Ridge Open Space Preserve
One of the benefits of living where we do is our fabulous network of open space preserves, county parks, state parks and the Golden Gate National Recreation Area lands. If you are living in or near the Silicon Valley and San Mateo County, I invite… more