Investor · Anchorage, AK · Member since 2016 · 222 posts · 294 votes
Supposedly they have introduced a bill (Not passed yet) to sheild unpaid federal workers from lenders and landlords. What a pain in the ***! This Gov't shutdown is going to affect way more people now. I don't know if it will be passed or not. If anyone knows anymore on this bill let us know in the forum please!
Nothing is an excuse for not being prepared for a minor financial bump. Being a veteran is not a get out of jail free card for poor financial planning on their part.
Just an fyi for those interested in being helpful to their tenants. If the government worker banks with one of a number of banks/credit unions who specifically cater to government workers it does appear that a number of them are offering 0% loans to those affected by the shutdown.
It's really the contractors who get shafted by this. If they have funded contracts or companies willing to work at risk, they're probably fine, but I used to work for a company that as soon as the government money ran out it was forced vacation and unpaid leave.
I will also add for those acting like things would be better for them if the worked private sector, I highly doubt it. Most companies will drop you at a moments notice.
@Jim K. I'm not the one that started the post, and I'm sorry you were so offended. I simply was curious as to whether anyone on this thread was actually being affected by the Federal shutdown, and if so, what their experiences were. I wasn't inquring about all of everyones holdings.
Other than that, I wasn't telling anyone how to run their business. I did state my opinion, and that is I think it would be pointless to begin the eviction process, as the shutdown will probably be over rather quickly.
As for your question, no, I'm not currently a landlord. I have though in the past leased out space in office buildings, office parks, etc. some of which were federal and state agencies, and one that was involved in a state budget standoff, hence my viewpoint on it being a waste of time to start eviction.
I'm a slumlord, Karen. It takes a good bit more to offend me than a bunch of people telling me when and why to evict or not evict or how legal these evictions might or might not be, with the odd prophecy and inquiry as to the particulars of my tenant base thrown in.
@Jay Hinrichs I'm not too worried about a month or two, I'm more worried about 6+ months. But since the bill was for shielding landlords AND banks, I highly doubt they will shield banks... banks pretty much do whatever they want in this country lol.
Some government workers are cafeteria workers, janitorial staff and other low skilled low paid occupations. These people may not have savings or family members with extra money...or a credit card. An eviction could set them back years..very disruptive to be evicted with little money.
Even If they have been renting for years in a large corporate owned professionally managed apartment complex, they will get a notice on their door if rent isnt received and an eviction notice a few days later. clockwork. . I would think the bill is mainly aimed there.
@Cam Jimmy Is the a companion bill exempting landlords from paying their mortgage? What does the bank do about being sorry on funds? Typical government (both parties), kick the can down the road.
@Jay Hinrichs I'm not too worried about a month or two, I'm more worried about 6+ months. But since the bill was for shielding landlords AND banks, I highly doubt they will shield banks... banks pretty much do whatever they want in this country lol.
not necessarily during the Great GFC they did all sorts of things that pressure from Govmit created.. but don't see this playing out nearly like that its not affecting the entire nation and every homeowner/landlord
@Nyjuwa Newton I wasn't being callous saying it wasn't that big of deal. Right now, the federal workers have missed one paycheck, and it's the longest shut down in history, meaning the odds are, the shutdown will end soon.
The original post is about a bill being written to protect landlords. Other posters started talking about evicting tenants, which I said I believe is an over reaction. I have yet to hear of one person on here say they weren't being paid rent. Let's face it, federal workers, no matter what their positions are usually paid well, and more than likely can cover their rent for a month or two. So until we start seeing landlords suffering from not receiving rents, I stand by my comment.
BP has a lot of members that are federal workers, that are really good people, maybe some of them will chime in with their side of the story.
For anyone who rents to military or ex-military (which I do since we are on the Canadian border and have lots of Coast Guard and ex-military Border Patrol, the delays they endure for regular pay, GI bill payments, etc. is regular, routine and is not always because of a gov't shutdown. I love my military tenants because they are trained in their service to work hard and usually do things the right way but they always let me know ahead of time that they could be redeployed at the drop of a hat or not get their compensation on time...if they are redeployed we are not allowed to charge them for breaking the lease so I also give leeway on gov't payment delays...just my way of doing business! We should all try to vote for representatives who put workers absolutely first, gov't, military, ex-military or not!! If we promise someone we will pay them, they should get paid!! Just IMO
I have worked for the government and so has my wife. 90% of them do almost no work all day. Lets not act like there doing some great service just cause they work for government. Our private sector workforce is just as important. People from all sectors need to take responsibility.
The banks are not going to give a tinker's damn about us when we can't make the mortgage payments when the rent nonpayments start stacking up. We can tell them "federal worker tenants yadda yadda yadda" all day long and they'll still ding our credit.
I very simply don't know anyone who works for the gubmint who isn't working for the gubmint for a steady paycheck and benefits. They wanted all that stability in their lives, they should have saved for a few months of runway just in case their sure thing went away or was suspended temporarily. But we all know they didn't really want stability. They wanted someone to take care of them, like most people do. The right coattails to ride. The right gang to join.
Well Daddy Paycheck's on vacation, now it's time for them to go sell their sorry little skillset to someone else. Will they? Hell, no! There's gubmint-worker mentality to be accounted for. It'll be, "I'm so sorry, but there's a shutdown, and I thought, maybe, until it's over...but...but...I just KNOW I'll get back pay!"
What is this? The federal workers need a helping hand, they get it. The banks need a bailout, they get it. When am I going to get my own damned safety net? Who's going to float the landlords some cash to tide us over when something we don't expect happens in our business enterprises? Are all the voters gonna get together and establish the Landlord Relief Fund?
I'll get a sneer and an earful of shoulda, coulda, woulda if something goes wrong. So will you. You'll get that all day.
But we should cut gubmint workers a break. For God and Country. Because they'd do it for us, right?
We should all try to vote for representatives who put workers absolutely first, gov't, military, ex-military or not!! If we promise someone we will pay them, they should get paid!! Just IMO
Didn't the tenants promise they would pay the landlords?
Shouldn't the tenants have taken reasonable measures like some emergency savings, to ensure that they will be able to keep their promise?
We should be voting out those representatives that continually want to provide safety nets to those people who allow themselves to fail. Many people need to fail in order to learn how to prosper. And some people will just fail over and over again and they are not of benefit to society.
If you choose to provide leniency in some instances, that is certainly your right. Maybe you have different circumstances being in a smaller city, I don't know. But I don't think expecting grown adults to meet their commitments means a landlord is a jerk.
Is a tenant a jerk tenant when they file a complaint against me with HUD because I take weeks to repair an air conditioner in one of my Phoenix rentals in July?
MODERATORS NOTE: Please keep all posts pertinent to the subject matter, and let's keep politics out of it so that we can keep the thread open. Thank you.
The bill would not forgo tenants responsibility to pay, just not allow landlords and creditors to negatively effect their credit or housing. Many government workers, including myself, are still working. It would be unethical if the governement did not protect these people, as it would be hard for them to find a way to earn money during their time off of their normal 40+ hour work week. You will still get your money much the government opens back up.
You make an interesting point though, what about you? Perhaps the government will add to the bill that those receiving payment from furloughed employees will not be negatively impacted from their creditors as well?