williamwchuang t1_iuidvbb wrote on October 31, 2022 at 3:47 PM

Reply to comment by emmett22 in ‘The Only Reason We Got It Was That I Lied’ by King-of-New-York

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 on October 31, 2022 at 7:36 PM

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 on October 31, 2022 at 11:18 PM

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.