When is the submission deadline?

Submissions are due September 28, 2026. Questions must be submitted by September 21, 2026.

What is the budget for this RFP?

The published budget is $64,000 – $311,003.

It was issued by City Of Foster City. The work is located in Foster City, California, United States.

Who is a good fit for this opportunity?

Experienced residential property management firm. Proven background managing affordable or below-market-rate housing. Capacity to oversee multi-unit rental portfolios. Strong tenant services, leasing, maintenance coordination, and compliance capabilities. Licensed and insured to operate in California.

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Property Management Services for City-Owned Rental Housing Units

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Overview

Real Estate & Property Management

Foster City, California, United StatesPosted: September 1, 2026Deadline: September 28, 2026

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SUMMARY

The City seeks a qualified provider to manage 28 below-market-rate residential rental units. Questions are due September 21, 2026, and proposals are due September 28, 2026.

KEY REQUIREMENTS

Must maintain a Foster City business license during the contract term
Must comply with prevailing wage requirements for the Workforce Housing property
Must have a General Contractor's License if providing project management services or performing in-house maintenance valued over $1,000
Must provide most recent annual report and audited financial statements
Must provide three references including municipal partnerships if applicable
Must demonstrate experience in property management
Must be able to enter into the City's standard Professional Services Agreement
Must provide proof of required insurance coverage including worker's compensation

BUDGET

Verified

$64,000 – $311,003

CONTRACT DURATION

36 months

TIMELINE

RFP Issuance: August 31st, 2026

Site Tours: September 15th, 2026

Questions Due: September 21st, 2026

Proposals Due: September 28th, 2026

Estimated Date for Review by City Council: October 19th, 2026

Work Commencement Date: November 19th, 2026

QUESTION DEADLINE

September 21, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

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Issuing Agency

City Of Foster City

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DESCRIPTION

The vendor will provide property management services for city-owned rental housing units on behalf of the government authority in Foster, California. The scope includes management of the City’s 28 below-market-rate residential rental units.

All questions regarding the opportunity must be submitted no later than September 21, 2026. Proposals are due by September 28, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due September 28, 2026. Questions must be submitted by September 21, 2026.
What is the budget for this RFP?: The published budget is $64,000 – $311,003.
Who issued this RFP?: It was issued by City Of Foster City. The work is located in Foster City, California, United States.
Who is a good fit for this opportunity?: Experienced residential property management firm
Proven background managing affordable or below-market-rate housing
Capacity to oversee multi-unit rental portfolios
Strong tenant services, leasing, maintenance coordination, and compliance capabilities
Licensed and insured to operate in California

Analysis generated by Settle AI from the source RFP.

RFP Hunter shows what is open. Settle shows what is forming.

Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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