Image: sfrb.org
Sergio Iantorno has managed, sold, and renovated single-family homes, condominiums, and multifamily properties in the San Francisco real estate market since 1972. As the founder of Golden Properties, Sergio Iantorno oversees a portfolio composed of both rent-controlled properties and market-rate properties.
Rent-controlled properties are most commonly found in large cities, such as San Francisco and New York City. Rent control policies aim to protect tenants from extreme price increases and can be introduced at the municipal or state level.
In San Francisco, any multifamily residential units constructed before 1979 fall under rent control regulations. As of 2018, more than 60 percent of the city’s eligible rental stock is subject to rent control.
Rent control limits rental increases to a standard rate determined by the San Francisco Rent Board, which bases the increase on the San Francisco Area Consumer Price Index, a locally-calibrated formula for inflation. While landlords can petition to raise rents if a building undergoes major renovations, landlords are prohibited from evicting tenants solely for the purpose of attracting higher-paying renters.
Sergio Iantorno 