undefined | Better HN

0 pointshinkley2y ago0 comments

You will rudely discover that the landlord gets paid their early termination fees and any back rent before the employees see a single cent.

Unfortunately I had to learn this the hard way (as in I was lied to and assumed they were still going to pay us, and then the payroll money went poof)

0 comments

shiroiuma2y ago

That sounds like bullshit (i.e., it shouldn't be this way, I'm sure you're correct). Being a landlord should entail a certain amount of risk: you're betting the tenant will be able to pay the rent, so you need to be careful choosing tenants, especially if they're companies, and moreso if they're companies with risky finances.

Why should employees be prioritized below a property speculator?

pc862y ago

There are plenty of people who get paid out before the landlord, especially when you're several months in arrears as you almost always are in this situation. It's why in other markets landlords will be pretty quick to evict non-paying commercial tenants, there's a lot of risk and minimal personal guarantees unless it's a brand new business.

AaronM2y ago

Because much like the house in the casino, the capital class always wins.

j / k navigate · click thread line to collapse