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Property Ownership and Involvement: As a property owner, you must be actively engaged in managing the daily operations of the rental property. This could include managing tenants, collecting rent, handling property repairs and maintenance, and performing other essential tasks associated with property management.
Earned Income: You must have sufficient earned income from the rental property to establish a benefit claim. Earned income includes rental income after expenses such as mortgage payments, taxes, insurance, and property management costs.
Self-Employment: If you report the rental income on your tax returns as self-employment income, you must meet the criteria for self-employed individuals to be eligible for unemployment benefits. This may include factors like having a business license, maintaining separate business records, and fulfilling other requirements set by the ESD.
Reduced Income and Hours: Your regular employment, which may not be related to the rental property, must be affected by job separation, reduction in hours, or other factors that qualify you for unemployment benefits. The loss or reduction of income in your main employment must be significant to meet the eligibility requirements.
Seeking Work: You must be actively seeking other work or demonstrate that your self-employment activities related to the rental property do not fully occupy your time and efforts.
Work Search Activities: You are expected to actively engage in work search activities and provide evidence of your job search efforts to the ESD. This may include applying for jobs, attending job fairs, or otherwise demonstrating your willingness and ability to find new employment.
It's important to note that the specific rules and requirements may change, so it's always advisable to directly contact the Washington State Employment Security Department (ESD) for the most up-to-date information regarding unemployment benefits and eligibility criteria.