All Forum Posts by: Sharon Rosendahl

@Chad C. That is a little frightening that they aren't being very clear as to what you can use it for yet there is a penalty for not using it correctly.

I wonder if they decided that if we put 0 employees we really had 1, ourselves. I can't remember what day I applied. The confirmation page I printed didn't have a date, just the number. I think it was 4/2 since that is the date I printed my financials from my accounting program.

I have a note in my credit file that says you have to call my cell phone before issuing credit. I have never had anyone issue credit without calling me. Sometimes you have to call the company and request they call you or they will just deny the credit. 

I got the email and took it to mean I wasn't eligible for the advance but still had a loan application in the queue. I hope so. My reserve is going to shrink a bit since I just had a roof damaged in a wind storm.

@RJ Schmertz That is what I was hoping but since they keep changing the way they word things I was wondering if they were going to decide that people like me were no longer eligible. I can't evict people for non-payment and I'm sure that law won't be lifted until the economy is back to where it was at. That could mean non-paying tenants for the next 6 months or more. Meanwhile, I still have to pay utilities, mortgages, property taxes and insurance.

So I take it that means that if you don't have any employees you aren't eligible for the 10k advance (I could have sworn it was being called a grant before but now it is an advance). Does that mean you aren't eligible for the loan? 

I have one tenant who paid May already. I think she got some kind of forebearance on her student loans so took care of rent with it (one of my fab tenants). Everyone else paid April on time. I have one tenant who has to go out of town but called to tell me that and said he had arranged for someone to pay his rent when his disability check comes in for May. The rest are pretty much subject to whether they are working or not. I am fully anticipating short rent for a while. While I have a reserve, I would rather take out a low interest loan to tide me over since I have a unit scheduled for a new roof this summer and another that needs some siding replaced.  I would rather have the emergency loan than to deplete my reserve and then end up with one or more empty units this winter.

My thought is that as long as you are being honest, if it turns out the program won't pay landlords with no employees or whether you shouldn't have submitted 2 applications or whatever, it is likely they won't prosecute you for anything. In this confusing time where they aren't really offering very clear directions and are changing things as they go along they can't expect everyone to already know what they qualify for. Again, this means you be honest and be able to explain your methodology for calculating the amounts you reported.

I have dealt with a lot of government agencies and most of them are reasonable about honest mistakes. At this point, it seems that time is of the essence to get your applications in. As for not needing the money, there is no way for you to know yet how long this is going to go on nor whether your tenants or customers will pay you. Since they allow us to submit a projected loss I'm assuming that as long as it is reasonable and you can show them how you arrived at that then it won't be deemed fraudulent.

The application was pretty quick and dirty so I'm guessing they will dive deeper as they get to mine and actually look at my financials and determine what if anything I can get.

@Gopinath Chandra I stand corrected, I do remember being asked but there was no mention that if you didn't you should not bother to apply since Edward R said it is based on the number of employees and only people with employees are eligible.

The application didn't ask for any employees so I guess they will be digging in to this when they look at my application. If this is a deciding factor of getting the loan then they should be asking on the application since that would save time for them to reject mine as not being a valid application. 

@Edward R. can you point me to this info so I can investigate? I just started a new job and remote onboarding is a little rocky since they have never had to do that. Not complaining, just saying it is hard for me to find time to look for that.

@RJ Schmertz Thanks for letting me know. I was hoping their automated system would at least send a we have received your application email. I do have my confirmation. All of my tenants live check to check so if the checks stop coming in they aren't paying their rent.

@Naomi Pinger I just joined the WLA. It is an affordable $60 per year. 

The original email that I got regarding this and other laws came from a background check company. The board of directors that I was on uses this company for background checks on our financial people but other than that I have no relation to them. They are very involved in landlord-tenant and employment issues and are all around nice people. They are located in Anacortes, Orca Information. They have a free newsletter that comes about once a month that includes info for landlords. They aren't overbearing in soliciting business.