I’m writing to share the financial realities we’re facing as small property owners in Santa Barbara. We’ve been working hard to maintain and improve our three rental properties — not just to meet code, but to ensure they remain safe, accessible, and livable for our tenants.
I realize that most rents in Santa Barbara are incredibly high and that tenants are not always treated fairly. Our rents have always remained well below comparative rents and our tenants tend to stay forever. Which has come to penalize us now.
There are many agencies and financial support resources available to tenants. Free legal advice, rental assistance, etc. That’s great. But there’s nothing for landlords…