Submitted by King-of-New-York t3_yicj09 in nyc
_Maxolotl t1_iujcbvy wrote
Reply to comment by williamwchuang in ‘The Only Reason We Got It Was That I Lied’ by King-of-New-York
Pretty much every guide to being a landlord says that it's irresponsible to not maintain a cash reserve of 3 months rent per apartment.
If a landlord is seriously financially harmed by someone who takes 3 months to evict, that landlord is landlording wrong.
williamwchuang t1_iuk6tj3 wrote
LMAO it's taking years to evict because of the pandemic stay. Minimum of six months and taking a year because of the ERAP stay.
So you're saying that even a prudent landlord would have trouble keeping solvent with a three month reserve.
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