Oregon extends rent repayment another year!
Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
The DIY Landlord Book4.7248 Reviews
Oregon extends rent repayment another year!
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Rental Property Investor · Sioux Falls, SD · Member since 2015 · 9k+ posts · 18k+ votes
5yStop complaining, they had it worse in the old days.
95 Replies
- Rental Property Investor · Beavercreek OH · Member since 2018 · 422 posts · 970 votes5y
What I don't understand is how any state can get away with this. In the Constitution of the United States, article first, section tenth, declares that no State shall pass a law impairing the obligations of a contract. This must be equivalent to saying no State shall pass a law revoking, invalidating, or altering a contract.
Pretty sure a lease is a contract. How have we gone this far astray from our founding principles? You know. . . the ones that made us the greatest country on earth. - Gulf Coast, TX · Member since 2021 · 24 posts · 13 votes5y
I heard that 1/4 of all the money in circulation, was minted in 2020, so if this true, I agree with the person that called it double taxation.
I wonder if they will print money for landlord subsidies. Can you really see the world as we know it now, not raising a fuss when people start mass evictions? Do any of you see a potential political trap, for the government to come against the "heartless" landlords and multifamily "rich"? I'd be very watchful of the political climate, which seems to already be targeting those with wealth.
I don't think I'd mass evict anyone...that screams "set up". That could turn public opinion against investors very quickly.I don't know, these are just thoughts, and by no means supported by anything I've looked at in detail.
- Rental Property Investor · Colorado Springs, CO · Member since 2020 · 433 posts · 284 votes5y
Where is John Galt?
- Investor · Malakoff, TX · Member since 2017 · 2k+ posts · 2k+ votes5y
Originally posted by @Gary L Wallman:
What I don't understand is how any state can get away with this. In the Constitution of the United States, article first, section tenth, declares that no State shall pass a law impairing the obligations of a contract. This must be equivalent to saying no State shall pass a law revoking, invalidating, or altering a contract.
Pretty sure a lease is a contract. How have we gone this far astray from our founding principles? You know. . . the ones that made us the greatest country on earth.The CDC moratorium on evictions has been declared unconstitutional by a judge (twice actually). The US govt has appealed. Hopefully something like this might make it to the state level at some point.
- Investor · Malakoff, TX · Member since 2017 · 2k+ posts · 2k+ votes5y
Those stimulus checks were for cigarettes and beer. Not rent
- Rental Property Investor · Happy Valley, OR · Member since 2021 · 14 posts · 7 votes5y
@Nathan G.
Crap.... This is unfortunate news as I am moving to Oregon begining of next year and was hoping to begin house hacking there? What strategy should a new investor employ in the Oregon market right now if any?
- Severna Park, MD · Member since 2013 · 7k+ posts · 7k+ votes5y
Originally posted by @Adrian Coleman:
@Nathan G.
Crap.... This is unfortunate news as I am moving to Oregon begining of next year and was hoping to begin house hacking there? What strategy should a new investor employ in the Oregon market right now if any?
Go rent a house and then dont pay rent , You will build up a large down payment . Then Use that to buy an investment property and put in a non paying tenant . Rinse and repeat .
- Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes5y
Originally posted by @Joe Splitrock:
Stop complaining, they had it worse in the old days.
I stopped scrolling through the thread after this post. Trying to create a better post is futile. Shut the site down now. It's over.
- Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes5y
Originally posted by @Nathan Gesner:
https://abcnews.go.com/Health/...
Yes, they are giving tenants an additional year to catch up on rent. I would love to know how someone can be that far behind on rent when they've received two stimulus checks, unemployment benefits that pay more than most people make when working full-time, rental assistance from government and private entities, and a job market that is literally begging for people to work! Most of my renters made more money during the time they were laid off than they would have if working full-time, so most of them actually paid ahead.
My first thoughts are that ...
"... two stimulus checks ..." (three, actually ... the second one was a total insult!) probably add up to less than three months rent. Not much help there for people who are out of work because of COVID. Some developed countries have been paying their people monthly - they put the U.S. to shame.
"... unemployment benefits that pay more than most people make when working full-time ..." $300 / wk is $7.50 / hr for 40 hours (poverty wages). Not much help there. Otherwise, UC payments are around 25% of one's wages / salary during their eligibility period, depending on the state. No help there, either.
"...rental assistance from government and private entities ..." Not common, and not wide-spread.
"... and a job market that is literally begging for people to work ..." part-time for poverty wages with no benefits.
"Most of my renters made more money during the time they were laid off than they would have if working full-time ..." Says a lot about the poverty wages they normally are paid.
About the only "saving grace" - if there is any - is the additional supplement for children / dependents. THAT may be what helps people get ahead on the rent in planning for going back to work at job that doesn't pay their bills / rent.
My $0.02 ...
- Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes5y
Originally posted by @David Dachtera:
My first thoughts are that ..."... two stimulus checks ..." (three, actually ... the second one was a total insult!) probably add up to less than three months rent. Not much help there for people who are out of work because of COVID. Some developed countries have been paying their people monthly - they put the U.S. to shame.
"... unemployment benefits that pay more than most people make when working full-time ..." $300 / wk is $7.50 / hr for 40 hours (poverty wages). Not much help there. Otherwise, UC payments are around 25% of one's wages / salary during their eligibility period, depending on the state. No help there, either.
"...rental assistance from government and private entities ..." Not common, and not wide-spread.
"... and a job market that is literally begging for people to work ..." part-time for poverty wages with no benefits.
"Most of my renters made more money during the time they were laid off than they would have if working full-time ..." Says a lot about the poverty wages they normally are paid.
About the only "saving grace" - if there is any - is the additional supplement for children / dependents. THAT may be what helps people get ahead on the rent in planning for going back to work at job that doesn't pay their bills / rent.
My $0.02 ...
David, you're wrong.
I'll give you a local, simple example. Single female in a 2bedroom apartment that rents for $750. She lost her job as a waitress that paid $2,400 a month.
The first stimulus check was $1,200. Wyoming unemployment pays 4% of the highest quarter, which comes to $288 per week, $1,152 per month. Combine those two and she made $2,352 that first month.
Then add the $600 per week unemployment boost. That brought her income to $4,752 in her first month and $3,552 her second month. In two months of not working, she brought home $8,304 which is equivalent to 3 1/2 months of income and puts her ahead. She stopped paying rent when she lost her job but kept insisting she would catch up once the stimulus and unemployment money arrived. She didn't. After six weeks of promises and excuses, she cut off communication. We gave her notice and she moved out two weeks later. That's eight weeks with no rent payments despite the $8,304 she received. Our economy opened back up, she got two jobs right away, and - surprise, surprise - she is now driving around town in a 2020 Honda.
Poverty wage? Flipping burgers and waiting tables doesn't pay well because my 14-year-old can do it. Those jobs take no special skills or education and are intended to be entry-level jobs. If a 30-year-old is still working a "poverty level" position, it's because they don't want to put effort into improving their position in life. Anyone in America has the option of gaining a little education or skill and moving up the ladder. They could work a second entry-level job to build up capital instead of spending their time drinking with friends, binge-watching Game of Thrones, or spending $600 on tattoos. You know what I love about immigrants? They can enter this country with $7 in their pocket, no English, and no connections, yet they'll work their butt off and fight their way into the middle class while praising America for all the opportunities. Our own youth (and a growing number of adults) seem to think everyone has a right to be middle-class without putting in the effort. It's one of the ugliest things about our country and the spoiled youth we've raised.
The DIY Landlord Book4.7248 Reviews - Minneapolis, MN · Member since 2019 · 54 posts · 53 votes5y
@Nathan G. Very well said. Robert Greene has a great quote “eventually, the time that was not spent on learning skills will catch up with you and the fall will be painful.” Those to whom this principle applies need to be allowed to feel the discomfort of their actions. Now obviously we want to help people who are having a hard time, but sweeping government intervention that comes at the expense of those who contribute to the economy is not the way. The incentive structure is out of whack.
- Investor · Los Angeles, CA · Member since 2017 · 523 posts · 476 votes5y
I know I keep repeating this, but at some point, the Supreme Court is going to rule on this question.
California (where I live and invest) wants a full reopening by early June, but wants to extend the eviction moratorium? At some point, the contradictions become too much, and we will have a ruling on this.
I also suspect you're going to see a lot of old time landlords exit and sell to corporations, which will either implement more stringent tenant procedures, or turn rentals into condos, townhomes etc. In CA, the Ellis Act will be used more frequently, and that will further tighten rental supply. So it goes.
- Rental Property Investor · Sioux Falls, SD · Member since 2015 · 9k+ posts · 18k+ votes5y
Originally posted by @Nathan Gesner:
Originally posted by @David Dachtera:
My first thoughts are that ..."... two stimulus checks ..." (three, actually ... the second one was a total insult!) probably add up to less than three months rent. Not much help there for people who are out of work because of COVID. Some developed countries have been paying their people monthly - they put the U.S. to shame.
"... unemployment benefits that pay more than most people make when working full-time ..." $300 / wk is $7.50 / hr for 40 hours (poverty wages). Not much help there. Otherwise, UC payments are around 25% of one's wages / salary during their eligibility period, depending on the state. No help there, either.
"...rental assistance from government and private entities ..." Not common, and not wide-spread.
"... and a job market that is literally begging for people to work ..." part-time for poverty wages with no benefits.
"Most of my renters made more money during the time they were laid off than they would have if working full-time ..." Says a lot about the poverty wages they normally are paid.
About the only "saving grace" - if there is any - is the additional supplement for children / dependents. THAT may be what helps people get ahead on the rent in planning for going back to work at job that doesn't pay their bills / rent.
My $0.02 ...
David, you're wrong.
I'll give you a local, simple example. Single female in a 2bedroom apartment that rents for $750. She lost her job as a waitress that paid $2,400 a month.
The first stimulus check was $1,200. Wyoming unemployment pays 4% of the highest quarter, which comes to $288 per week, $1,152 per month. Combine those two and she made $2,352 that first month.
Then add the $600 per week unemployment boost. That brought her income to $4,752 in her first month and $3,552 her second month. In two months of not working, she brought home $8,304 which is equivalent to 3 1/2 months of income and puts her ahead. She stopped paying rent when she lost her job but kept insisting she would catch up once the stimulus and unemployment money arrived. She didn't. After six weeks of promises and excuses, she cut off communication. We gave her notice and she moved out two weeks later. That's eight weeks with no rent payments despite the $8,304 she received. Our economy opened back up, she got two jobs right away, and - surprise, surprise - she is now driving around town in a 2020 Honda.
Poverty wage? Flipping burgers and waiting tables doesn't pay well because my 14-year-old can do it. Those jobs take no special skills or education and are intended to be entry-level jobs. If a 30-year-old is still working a "poverty level" position, it's because they don't want to put effort into improving their position in life. Anyone in America has the option of gaining a little education or skill and moving up the ladder. They could work a second entry-level job to build up capital instead of spending their time drinking with friends, binge-watching Game of Thrones, or spending $600 on tattoos. You know what I love about immigrants? They can enter this country with $7 in their pocket, no English, and no connections, yet they'll work their butt off and fight their way into the middle class while praising America for all the opportunities. Our own youth (and a growing number of adults) seem to think everyone has a right to be middle-class without putting in the effort. It's one of the ugliest things about our country and the spoiled youth we've raised.
I thought maybe David just had a different perspective from Yorkville, IL. I did a quick job search in the city and found that Amazon is hiring full time at $19.50 per hour with signing bonus. Target warehouse is hiring at $19.50. Fed Ex at $22.50 an hour. Aldi is hiring a grocery store checkout clerk for $14 an hour. All these are full time unskilled jobs and starting wages. Companies like Target and Best Buy have minimum hiring wage nationally at $15 per hour. All these jobs pay a single person more than poverty level income for a family of four. If you have a two income household at these starting wages, you are making over $60K. I realize that is not getting rich, but it is putting food on the table in a safe home. If you don't blow money on fancy cars, alcohol, eating out, name brand clothes and vacations, you can live just fine.
The problem is the "Instagram society" we live in. Everyone expects to live the high life. It is considered a hardship if you don't have Netflix. Meanwhile in China people are living in huts making $300 a month. Entitlement blinds us to the real hardship that exists in the world. The poorest state in America has the highest obesity. More people die from being too fat than starving in this country.
Adding on what Nathan said, I have tenants who cashed in big from the pandemic. One family of four paid cash for a $10,000 camper using all stimulus money. The tenant told me "she saved up", but what she saved was government hand out (family of four got $11,400 through the three stimulus). Her and her husband never lost their jobs and froze their car and student loan payments through the pandemic. That put another $6000 in their pockets.
Rental assistance is common and widespread. Every state is offering it. My state was paying rent for tenants before the federal government released a penny. Since that time the federal government has handed out over $100 billion for rent assistance. My state is paying up to 12 months rent and late fees, 12 months utilities and they will pay rent going forward if you prove hardship. That means you have to show your income (not including stimulus). Some states chose to blow their federal money on other priorities, but that is a choice.
I wish people would stop listening to the headlines, research facts and do the math. Finally some states are getting smart and rejecting the bonus unemployment. My governor did this last September when Trump extended it. Our state unemployment fell to pre-pandemic levels by December. In March 2021 we hit 2.9%, the lowest in the nation. Our schools reopened in September 2020 with no safety issues. If your state is lagging behind, blame politicians, not the pandemic.
- Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes5y
Originally posted by @Ethan Perry:
@Nathan G. Very well said. Robert Greene has a great quote “eventually, the time that was not spent on learning skills will catch up with you and the fall will be painful.” Those to whom this principle applies need to be allowed to feel the discomfort of their actions. Now obviously we want to help people who are having a hard time, but sweeping government intervention that comes at the expense of those who contribute to the economy is not the way. The incentive structure is out of whack.
Exactly. We never let people suffer the consequences of their actions. Every restaurant and business in my town is begging for employees. The hotels normally pay $11 an hour for housekeepers and now they're starting at $15 an hour and still struggle to find people! There shouldn't be a single able-bodied adult on unemployment right now, but there are because they aren't suffering enough to motivate them to get back to work. Unemployment, food stamps, housing assistance, and all these other programs are supposed to be safety nets. We have families that have been on assistance for decades and society doesn't pressure them to take personal responsibility. I've even heard of kids turning 18, dropping off of mom's welfare, and immediately opening their own case.
I think welfare should start at a higher rate, but then taper off quickly. The first three months would cover rent/mortgage, utilities (including phone and internet, since those are a necessity now), and food. That ensures they stay alive, stay in contact, stay safe and warm, and have the means of getting to job interviews or doing whatever it takes to get back on their feet. After 90 days, benefit would be cut 20%. After 30 more days, cut another 20%. That gives them all the tools they need for success, and it provides the motivation to prevent them from sitting on their laurels. I would also limit assistance to once every three years or something. If you need help more than once in that time period, it would be up to your family or local charities to help.
The DIY Landlord Book4.7248 Reviews - Rental Property Investor · Los Angeles, CA · Member since 2017 · 2k+ posts · 5k+ votes5y
Originally posted by @Joe Splitrock:
Joe, are you kidding? First off, these jobs are so beneath people that have world-altering degrees in French Literature and Women's Studies. Secondly, these employers expect the employee to bust their butts and work hard.
Do you have anything available in the $40-$50 a hour range where I can be on my phone for most of the day? I have a vlog about avocado toast that I have to update a few times a day.
- Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes5y
Nobody talks about it because it's illegal. Criminals have the advantage over law-abiding people.
The DIY Landlord Book4.7248 Reviews - Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes5y
Originally posted by @Joe Splitrock:
Your state is doing well because they followed the data instead of reacting to whatever "facts" were blowing in the wind that day. I hope Governor Noem runs for President some day.
The DIY Landlord Book4.7248 Reviews - 5yDaniel SmythPro MemberRental Property Investor · Rockford, IL · Member since 2019 · 471 posts · 342 votes
@Shiva Bhaskar
Before the Supreme Court can act, there must be an injury. A class action suit needs to be filed, listing all or many that were unable to get due rents because government failed to act as they are required!
- Central, MN · Member since 2015 · 148 posts · 184 votes5y
Until we return to a fabric in society where the journey is more valued than the destination it will only get worse. Everyone deserves things, but nobody wants to earn them. I fear the world my children will live in as adults.... America very likely will never be the same.
- Port Chester, NY · Member since 2016 · 210 posts · 157 votes5y
Originally posted by @Nathan Gesner:
Originally posted by @David Dachtera:
My first thoughts are that ..."... two stimulus checks ..." (three, actually ... the second one was a total insult!) probably add up to less than three months rent. Not much help there for people who are out of work because of COVID. Some developed countries have been paying their people monthly - they put the U.S. to shame.
"... unemployment benefits that pay more than most people make when working full-time ..." $300 / wk is $7.50 / hr for 40 hours (poverty wages). Not much help there. Otherwise, UC payments are around 25% of one's wages / salary during their eligibility period, depending on the state. No help there, either.
"...rental assistance from government and private entities ..." Not common, and not wide-spread.
"... and a job market that is literally begging for people to work ..." part-time for poverty wages with no benefits.
"Most of my renters made more money during the time they were laid off than they would have if working full-time ..." Says a lot about the poverty wages they normally are paid.
About the only "saving grace" - if there is any - is the additional supplement for children / dependents. THAT may be what helps people get ahead on the rent in planning for going back to work at job that doesn't pay their bills / rent.
My $0.02 ...
David, you're wrong.
I'll give you a local, simple example. Single female in a 2bedroom apartment that rents for $750. She lost her job as a waitress that paid $2,400 a month.
The first stimulus check was $1,200. Wyoming unemployment pays 4% of the highest quarter, which comes to $288 per week, $1,152 per month. Combine those two and she made $2,352 that first month.
Then add the $600 per week unemployment boost. That brought her income to $4,752 in her first month and $3,552 her second month. In two months of not working, she brought home $8,304 which is equivalent to 3 1/2 months of income and puts her ahead. She stopped paying rent when she lost her job but kept insisting she would catch up once the stimulus and unemployment money arrived. She didn't. After six weeks of promises and excuses, she cut off communication. We gave her notice and she moved out two weeks later. That's eight weeks with no rent payments despite the $8,304 she received. Our economy opened back up, she got two jobs right away, and - surprise, surprise - she is now driving around town in a 2020 Honda.
Poverty wage? Flipping burgers and waiting tables doesn't pay well because my 14-year-old can do it. Those jobs take no special skills or education and are intended to be entry-level jobs. If a 30-year-old is still working a "poverty level" position, it's because they don't want to put effort into improving their position in life. Anyone in America has the option of gaining a little education or skill and moving up the ladder. They could work a second entry-level job to build up capital instead of spending their time drinking with friends, binge-watching Game of Thrones, or spending $600 on tattoos. You know what I love about immigrants? They can enter this country with $7 in their pocket, no English, and no connections, yet they'll work their butt off and fight their way into the middle class while praising America for all the opportunities. Our own youth (and a growing number of adults) seem to think everyone has a right to be middle-class without putting in the effort. It's one of the ugliest things about our country and the spoiled youth we've raised.
Trying to argue logic to a left wing socialist is like teaching a 2 year old how to speak Arabic. It's a waste of time.
- Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes5y
Originally posted by @Nathan Gesner:
Originally posted by @David Dachtera:
My first thoughts are that ..."... two stimulus checks ..." (three, actually ... the second one was a total insult!) probably add up to less than three months rent. Not much help there for people who are out of work because of COVID. Some developed countries have been paying their people monthly - they put the U.S. to shame.
"... unemployment benefits that pay more than most people make when working full-time ..." $300 / wk is $7.50 / hr for 40 hours (poverty wages). Not much help there. Otherwise, UC payments are around 25% of one's wages / salary during their eligibility period, depending on the state. No help there, either.
"...rental assistance from government and private entities ..." Not common, and not wide-spread.
"... and a job market that is literally begging for people to work ..." part-time for poverty wages with no benefits.
"Most of my renters made more money during the time they were laid off than they would have if working full-time ..." Says a lot about the poverty wages they normally are paid.
About the only "saving grace" - if there is any - is the additional supplement for children / dependents. THAT may be what helps people get ahead on the rent in planning for going back to work at job that doesn't pay their bills / rent.
My $0.02 ...
David, you're wrong.
I'll give you a local, simple example. Single female in a 2bedroom apartment that rents for $750. She lost her job as a waitress that paid $2,400 a month.
The first stimulus check was $1,200. Wyoming unemployment pays 4% of the highest quarter, which comes to $288 per week, $1,152 per month. Combine those two and she made $2,352 that first month.
Then add the $600 per week unemployment boost. That brought her income to $4,752 in her first month and $3,552 her second month. In two months of not working, she brought home $8,304 which is equivalent to 3 1/2 months of income and puts her ahead. She stopped paying rent when she lost her job but kept insisting she would catch up once the stimulus and unemployment money arrived. She didn't. After six weeks of promises and excuses, she cut off communication. We gave her notice and she moved out two weeks later. That's eight weeks with no rent payments despite the $8,304 she received. Our economy opened back up, she got two jobs right away, and - surprise, surprise - she is now driving around town in a 2020 Honda.
Poverty wage? Flipping burgers and waiting tables doesn't pay well because my 14-year-old can do it. Those jobs take no special skills or education and are intended to be entry-level jobs. If a 30-year-old is still working a "poverty level" position, it's because they don't want to put effort into improving their position in life. Anyone in America has the option of gaining a little education or skill and moving up the ladder. They could work a second entry-level job to build up capital instead of spending their time drinking with friends, binge-watching Game of Thrones, or spending $600 on tattoos. You know what I love about immigrants? They can enter this country with $7 in their pocket, no English, and no connections, yet they'll work their butt off and fight their way into the middle class while praising America for all the opportunities. Our own youth (and a growing number of adults) seem to think everyone has a right to be middle-class without putting in the effort. It's one of the ugliest things about our country and the spoiled youth we've raised.
The current unemployment supplement is only $300 / week before dependent supplements.
You forgot that the stimulus checks are one-time payments, not monthly. There have only been two full payments so far: Last Spring (2020) and just recently.
The tipped minimum wage is $2.13. Tips are constantly variable and probably dropped significantly during the shutdown until she got laid-off.
Of course she couldn't keep up the rent once she was laid off. Her unemployment (before supplement) dropped to near nothing. Remember: Tipped employees do NOT pay into either SUTA or FUTA for their tips. The UC is based on their wages BEFORE tips.
"... they don't want to put effort into improving their position in life ..." Usual excuse. So, tell me ... how does one work two (or three) jobs 16+ hours a day AND still find time to take classes at night or whatever? ... much less eat, sleep, bathe, have time with family, etc. ... ?
"Flipping burgers and waiting tables doesn't pay well because my 14-year-old can do it." Have you ever done either? Befriend a short order cook and let him tell you about his average day. Waiting tables is a tipped occupation and the minimum wage for it is less than 20% of the poverty line.
- Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes5y
"The removal of the service box takes a few minutes."
... and if not done by the utility or their designated licensed electrician may be prosecutable.
- 5yJonathan StonePro MemberRental Property Investor · Camas, WA · Member since 2020 · 284 posts · 202 votes
What state are you in with the tipped minimum wage of $2.13? I would have a hard time finding employees at that actual wage and I would think people would prefer to be in a non-tipped position like line cook or just about anything else if pay was that low. Many states here on the west coast have flat minimum wage with no discount for tipped workers. It has also made it where many of my friends graduated college and couldn't leave their bartending or waiting jobs for a full time gig as they would make $50+k/Year in the part time gig.
- 5yColleen F.Pro MemberInvestor · Narragansett, RI · Member since 2013 · 8k+ posts · 4k+ votes
I can speak to your scenario. I waited tables HS and college. Sometimes working FT and going to school FT. It was hard. Do you really appreciate things that are easy? However it can be done (and there was no online classes then). I didn't blow off student loans or rent. I appreciate some people have it hard but there is a mindset at work that lets you walk away from obligations. The waitress in the example had months rent free doing nothing, could have taken classes then, could have paid rent.
I will tell you what steams me true example a 20 something getting SNAP (food assistance) and applying for a PPE loan while he is working on his boxing career... not moving in that is for sure.
And in general tip income is significantly under-reported.
- Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes5y
Originally posted by @Jonathan Stone:
What state are you in with the tipped minimum wage of $2.13? I would have a hard time finding employees at that actual wage and I would think people would prefer to be in a non-tipped position like line cook or just about anything else if pay was that low. Many states here on the west coast have flat minimum wage with no discount for tipped workers. It has also made it where many of my friends graduated college and couldn't leave their bartending or waiting jobs for a full time gig as they would make $50+k/Year in the part time gig.
Tipped minimum wage is Federal, not state. Most tipped workers rely on tips for the bulk of their income.
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