Scott Safadi of Cal Bay Property Management has been warning of a softening market and dropping rents in the Bay Area rental market. Finally, the real estate world is finally acknowledging this reality. Rents have risen over the past 5+ years due to extremely high job growth and demand for housing in our local sub-markets. It appears that the job growth has finally tapered off, which means that supply is starting to build up, causing landlords to drop rents to compete with rival properties. This is how real estate markets are intended to work. It’s how economics works on the most basis level; supply and demand. Read more about the year over year rent drop in greater San Francisco.


Scott Safadi is showcasing this kitchen and in Mountain View To show how subjective the word remodel really is.The kitchen pictured on the left was deemed “remodeled” by the previous operator of the building. It was marketed as such as well. Sure, Scott Safadi, agrees that granite countertops are nicer than formica countertops, however changing a countertop to a cheap bargain-basement granite and changing out cabinet knobs is hardly remodeling. In fact, Scott Safadi wants people to know that the granite pictured on the left is actually less expensive than formica. Therefore, rather than an upgrade, the kitchen on the left is simply one that was repaired by necessity and then misleadingly called remodeled. At Cal Bay Property Management, Scott Safadi wants people to know that we are committed to high quality construction, as well as high-quality customer service.

Let these pictures speak for themselves.scott-safadi-presents-bel-aire-apartments-mountain-view


Scott Safadi Presents a Burlingame Transformation

September 1, 2016

Scott Safadi presents a dramatic before and after image of a property we redeveloped in Burlingame, California. This property is located steps from downtown Burlginame, as well as a Cal Train station. “Prime Location” is simply an understatement when it comes to describing this property. With the help of our remodeling expertise, we were able […]

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Scott Safadi Presents a Redwood City Kitchen Transformation

August 26, 2016

Scott Safadi presents a before and after image of a kitchen remodel in Redwood City. With the majority of apartment buildings in the Bay Area having been built in the 1960’s and 1970’s, most apartments are in dire need of updating. These updates usually include critical improvements to plumbing and electrical infrastructure so that we […]

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Apartment Supply Starts to Increase in Wake of Demand Slump

November 20, 2015

Starting in August 2015, we saw a drop in demand for apartment rentals. This slump lasted about 3 months, albeit we are not out of the weeds yet, by any stretch of the imagination. While demand his picked up since the slump, now we have ourselves a supply problem. Vacant units have been piling on […]

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Scott Safadi Discusses Current Rental Trends

October 30, 2015

Scott Safadi has observed roughly a 15% reduction in Bay Area asking rents over the course of the last 3 months.  The reason for this appears to be a hiring slump in the tech sector, which has been the sector driving rent increases over the past several years. In fact, nearly 90% of our applicants […]

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Scott Safadi Discusses Interest Rates

September 18, 2015

Rumors about the fed wanting to raise interest rates have been circling around for over a year now, and we haven’t seen them move a bit. If it isn’t Europe’s problems, it’s China’s. The entire world is on thin ice, as far a economies go, and even though we’re much better off than we were […]

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Scott Safadi Discusses Politics

January 20, 2015

Scott Safadi believes that political agreements are hard to come by whether you’re talking about the house, the senate, or even just a casual gathering of friends at the coffee shop. But, there is one thing that Scott Safadi believes that most people could agree about, only if they understood the issue entirely. The issue […]

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Scott Safadi Discusses the Mountain View Tenant Relocation Program

October 22, 2014

Scott Safadi recently encountered a recently new bill that was passed in the City of Mountain View. This new bill requires landlords, who want to displace more than 4 apartment units in a one year period for the purpose of remodeling, to pay towards the relocation costs of certain tenants. Not all tenants can benefit […]

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Scott Safadi addresses furnishing apartments

September 9, 2014

Scott Safadi believes that in special circumstances, it could be worth the landlord’s while to furnish an apartment, rather than try to rent it unfurnished. What sorts of situations are most appropriate for this strategy? Scott Safadi thinks that one of the ideal circumstances you can have for furnishing an apartment is if you are […]

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