collecting unemployment when you own rental properties

collecting unemployment when you own rental properties

North Chili, NY · Member since 2015 · 19 posts · 1 vote

does anyone know,if i get laid off from my day job,can i apply for unemployment insurance in NY state if i own rental properties and collect rent ?

0Reply
23 views

3 Replies

Jump to latestLatest
  • Investor · Dallas TX, United States · Member since 2014 · 1k+ posts · 1k+ votes
    10y

    I dont know about NY, but I can't see how the two are related.  Owning RE is an investment, not a job.  Getting laid off from your job is what makes you available for unemployment insurance.  

    Be safe, ask a subject matter expert in your state. 

  • Investor · Edwardsville, IL · Member since 2015 · 432 posts · 481 votes
    10y
    I'd just call your unemployment department and ask an agent. I wouldn't think the two would be connected.
  • San Jose, CA · Member since 2015 · 4k+ posts · 3k+ votes
    10y

    Look up what is required to collect unemployment.  It's been a long time since I collected it, but as I recall, it has nothing to do with your assets.  It's based on whether or not you are available for full-time work, and if you have enough work credits in your account.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.