Money paid always applies toward outstanding rent first, and late fees aren’t charged on late fees. I am a benevolent slumlord, I guess.
This is true. Never give the government a free loan if you can avoid it, but always try to set up withholding to net a small refund to incentivize you to do your taxes in a timely manner.
So everyone is being furloughed at least one week starting in May. Internet says you can’t get unemployment for a furlough but they think NY made it so we would get paid? Anyone know anything about furloughs?
Yeah, and as I pointed out in the landlord thread, I’d never want to be the one actually on the hook. It’s an awful, stressful way to make your fortune.
Unless you’re an actual slumlord, I suppose. Then you DGAF so it doesn’t really matter.
If you are a sociopath, being a slumlord is one of the easiest possible ways to get rich. See, e.g., Donald Sterling and Charlie Kushner. Google the Morgan family or the Wilfs (Minnesota Vikings owners).
There’s a reason there are literally zero decent people in that business. It’s payday lending, real estate edition.
But I play cards with ~ a dozen guys that have a significant number of rental properties. Every day of their stressful, awful existence they play golf and poker during business hours. That’s it. Not a single one of them do any semblance of work.
Tell me more about creationism and the flood though.
Oh, well shit if you know a guy, then that’s that.
Someday if I have $30 million fall from the sky as I’m walking down the street, maybe I’ll join the ranks of entirely hands-off real estate investors who accept lower returns to sub out all the headaches.
Until then, I’ll reiterate that your dubious experience is not shared by everyone.
You can absolutely draw unemployment if you are furloughed. Just choose lack of work/laid off as the reason for job loss. If you return to work, you can even still file for the weeks you had earnings. You report those earnings and they are deducted (maybe only partially deducted) from your weekly unemployment amount.