Author Topic: NY Rent Relief  (Read 904 times)

Offline yesitsme

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Re: NY Rent Relief
« Reply #15 on: May 07, 2020, 02:34:08 PM »
How about the other side or do you only see one side?
Landlords who screw tenants out of their security deposit?
the gov should foot it if they want
they could make HPP (housing protection program) why should the landlord suffer

if they make UPR +600 a month i'm in

Offline whacked1

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Re: NY Rent Relief
« Reply #16 on: May 07, 2020, 02:35:37 PM »
How about the other side or do you only see one side?
Landlords who screw tenants out of their security deposit?
This was already addressed in the rent law of 2019. There are strict guidelines if a landlord would like to keep a security deposit.

Offline ilherman

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Re: NY Rent Relief
« Reply #17 on: May 07, 2020, 02:35:47 PM »
I can't wrap my head around this stupidity. As much as I want to understand the left they come off even more stupid every time I try to understand their rational.

A lot of NY landlords (especially nyc) use all or at least most of the rental income to pay off their debt. How do you protect renters but not their landlords? It's like doing half the surgery. Or finish it or don't start it... You can't just leave the guy open in middle of the surgery and walk away... You gotta close the guy up.

Why not halt mortgage payments? If you can't manage to do that then don't give free rent
You can say what you think when you think what you say.

Offline Mootkim

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Re: NY Rent Relief
« Reply #18 on: May 07, 2020, 03:53:46 PM »
Why not halt mortgage payments? If you can't manage to do that then don't give free rent
What about the mortgage companies? Don't they use the money for something as well?

Offline mme

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Re: NY Rent Relief
« Reply #19 on: May 07, 2020, 04:03:34 PM »
Agreed.

Technically landlords should be able to get a mortgage forbearance but I know of a close family member in RE who tried (his rent collections were down 50% in Apr and May so far- that's before Cuomo's announcement today) and was told by his bank that they can't offer a forbearance on a commercial mortgage.
+1 even the banks the do give forbearance most of them make you pay back the whole three months in the forth month.
Its not like all the tenants will pay back the rent they didn't pay in one time in best case they will pay back a little at a time.

Online cgr

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Re: NY Rent Relief
« Reply #20 on: July 24, 2020, 11:57:41 AM »
NY Rent Program and Unemployment:
However, unemployment insurance or other subsidies or entitlements that are received to cover loss of income for a particular month should be counted for that month regardless of the month in which it is received. If you have not yet received UI benefits or another subsidy or entitlement, you are not required to report them.

In other words you need to count it as income in the month that it is certified for, not in the month that it is received BUT if you didn't receive it yet you don't have to report it.

I've updated the excel calculator in my signature block to reflect this update.