Salinas property owners seek city council action on rent stabilization ordinance

Property owners in Salinas are sounding the alarm over the financial impact of the city's rental stabilization ordinance, which they argue is leading to significant losses and potential tenant displacement. During the Salinas City Council meeting on April 8, 2025, one property owner revealed that they had incurred over $13,000 in registration fees and faced a staggering $90,000 reduction in income due to mandated rental rollbacks and utility reimbursements.

The owner warned that these financial strains could lead to deferred maintenance and a reduction in services, ultimately forcing landlords out of the market. This could exacerbate the housing crisis in Salinas, resulting in fewer available rental units and increased rents for tenants. "This is not the goal for Salinas. We need to be increasing our inventory," they urged the council, calling for a reevaluation of the rent stabilization ordinance.

Another long-time landlord echoed these concerns, stating that the ordinance has artificially reduced property values and discouraged investment in rental properties. They highlighted the negative effects on the housing market, suggesting that tenants are being incentivized to remain in rentals rather than pursue homeownership, which could hinder economic mobility.

As the council considers the implications of these discussions, the future of Salinas' rental market hangs in the balance, with property owners advocating for policies that protect both renters and housing providers. The call for a reassessment of the current regulations reflects a growing concern that the intended protections for tenants may inadvertently harm the very community they aim to support.