Financial Advisor Services for Rent Adjustments Based Net Operating Income

The contract NSD10202025, issued by the City of Oceanside's Housing and Neighborhood Services Department, seeks professional financial advisory services focused on rent adjustments based on net operating income (NOI) within San Diego County, California. The primary objective is to engage a qualified consultant to review rent adjustment applications, prepare detailed reports, and provide testimony at hearings as necessary, ensuring compliance with local ordinances and administrative guidelines related to mobilehome rent stabilization under the Manufactured Home Fair Practices Act. The contract is structured for a three-year term with the possibility of two additional one-year extensions, reflecting a commitment to ongoing advisory support in managing rent adjustments aligned with NOI metrics. The project budget ranges from $50,000 to $200,000, with a response deadline of November 24, 2025, and the solicitation is open to qualified vendors through an online portal. In addition to the core scope of financial advisory services, vendors interested in participating must complete a comprehensive application process outlined in the City of Oceanside Vendor Application Packet. This includes submitting required forms such as a Vendor Information Form, IRS W-9, and an Indemnification Agreement with specified insurance coverage requirements, including general liability, auto liability, and workers' compensation. These documents serve as foundational contractual elements, ensuring vendors agree to indemnify the City and meet insurance standards before engagement. The procurement process emphasizes compliance, risk management, and formalized contractual relationships, aligning with standard practices for professional service engagements. Overall, the contract aims to ensure expert oversight and accurate rent adjustments based on NOI, supporting the City’s efforts to maintain fair housing practices and regulatory compliance in Oceanside.