Submitted by King-of-New-York t3_yicj09 in nyc
emmett22 t1_iui34rk wrote
Flip side, if you make it super easy to evict, then landlords would be more lenient.
williamwchuang t1_iuidvbb wrote
Or allow more security deposit. I know it's obnoxious for a landlord to demand two or three months' security but if you don't have good credit, of if you were just starting out in your career, that used to be something you could do to get into an apartment. With year long extensions (ERAP application stays eviction even though the program is now out of funding), and one month of security deposit, then landlords are going to be very picky.
_Maxolotl t1_iujcbvy wrote
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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