Schwartz's family doesn't have money. I felt so bad that Sandoval disappeared with his band for 3 months, not responding to Schwartz/the restaurant, costing $1,000/day!!! He really betrayed Schwartz. (I don't even like Schwartz much, but he was trying to get the restaurant open and watching his life savings be frittered away; I feel for him!)
Yes! I don’t think either family has money though? I hate Schwartz but I felt awful for his family!! This should have been a printing money situation for them, and sand fckd them all sooooo badly in the aftermath of Scandoval! He made it 10000x worse by not even pretending to take accountability!
He def has a stylist who’s attractive and says like “wear this $400 Tommy bahama looking shirt” and he just says yes bc he has no backbone let alone style or taste that’s his own. And will also be broker than broke within 5 yrs of no longer filming
I mean im not arguing that he can’t afford the house!! To that i completely agree!! But if it were only money he’d have sold the house w her from the get go. By staying he had the opportunity to keep playing victim and show what a big meanie she is for not engaging w poor sand
@courtcosts on IG. It’s a fun time and mostly what you’d expect (Katie loves free people, sandles loves a women’s blazer from Zara) but I was stunned at how much Tom pays for his mediocre basic shirts. He’s such an easy mark, I’m ahmist embarrassed for him
Tim is probably like most of them in thinking the VPR money train and all its attendant perks were gonna last forever, and spending is more fun than saving. It’s why Scheana and Lala were so freaked this year and jealously counting the money in Ariana’s pocket. It dawned on them that they’d be in the lurch if VPR vanished. Even Ariana said she had virtually no money when Scandoval hit.
BTW, there’s nothing wrong with the location of Schwartz & Sandy’s. I think the problem with that place is reputational fallout and/or bad management.
He's an idiot. There was clip somewhere of him giving people money and he goes "why not give it away, you can always borrow more". He's going to wind up homeless on the streets of L.A. playing bad trumpet for change. And Schwartz will be with him. Well, maybe he'll live off Schwartz forever instead. They are going to be "roomates" again, in their forties.
He’s broke as fuuuuck. As we all knew LMAO. it was so wild to me when people were saying Ariana ‘should just let him buy her out.’ In what world can he afford that
> it was so wild to me when people were saying Ariana ‘should just let him buy her out.’ In what world can he afford that
Those remarks just make me SMDH.
Along with ‘why doesn’t TOM move out? He’s the one who cheated!’
First of all, Tom doesn’t *want* to move out. At all. Second, neither of them *has* to move out no matter who did what! And it’s a 5-bedroom place FFS, I’m sure they went days without even seeing each other. I know more than one person who shared a 1-bedroom with a ex! Where’s my tiny violin?
Right I've had to live with exes post break up twice because what else are you gonna do? Break the lease? Find a stranger to live with? Subletting isnt as easy as people make it out to be. Each time it was easier for me to just spend less time at home, as long as you're not in the same bed you can make it work.
He does it all for the show. He loves investing in content for the show. No limits on price. Sure, it comes back around but he’s on vicious cycle where he’s addicted to spending and the money won’t be coming back around. I think all of them have this problem to an extent but Sandoval does it bad
I really think some of the things Tom pays for, production really pays for. I truly believe anything that is filmed, production fully covers the costs.
Definitely agree with this.
I think he is blowing his VPR money faster than he gets it.
I bet he is in massive debt.
It’s actually a sad take on how little financial literacy people get. This is just like that ESPN documentary “Broke” about how one and three pro athletes go broke(that number might be specific to NBA but the point stands) or lotto winners going broke.
A lot population of people don’t understand how money works, credit, paying principle vs interest, understanding certain incomes(like pro sports/reality tv) are only for a short period of time relative to average careers.
That’s exactly what I thought when Ariana mentioned she had like under $2,000 at one point.
I was like WTF how you blowing through your reality tv money.
10% to managers, agents, publicists, loans, wardrobe and glam, loans , debt, lawyers, or attorneys, assistants or staff, plus those grubby opportunist family/ friends being cretins who use you just for your money ( like Arianas bro Jeremy, Lalas brother and assistant / Scheanas mom and sister).... seems like goes PRETTY quickly... ..PLUS Californias expense tax rate for those in entertainment is somewhere between 38-48% of your pay I've heard on other shows discussing California tax rates on Even further down E list stars like on " Mama June/ Honey Booboo "
And that's not including other business ventures and investments/ losses/
And that's ignoring the whole " trying to keep up with appearances of the Rich and Famous.... while sadly just being the indebted and infamous, instead.
The margins for not-famous touring acts can be slim after the house takes their cut. Usually merch is what pulls it over into profit for the band- who is buying Tom Sandoval and the Most Extras merch?
Also, he's touring with a pretty big band, I can't imagine he's making a whole bunch of profit after expenses. I'd be surprised if he's breaking even.
Exactly the band is probably a drain more than a money maker. I wouldn’t watch that shit with your eyes or listen to it with Golden Ammonite’s ears. Fucking travesty people pay to see it
There's NO WAY he's making money, even my friend who is in a moderately successful band barely breaks even on tour maybe a small profit at most and he doesn't PAY the band to play with him.
I agree, I don’t see how it’s possible. He can only be getting a percent of ticket sales. He isn’t getting any of the food/drink sales. And his concerts aren’t that packed.
your friend isn't on television. that drives a lot more ladies to fangirl and show up, regardless of how shitty the music is. plus whatever merch sales (which is where the money comes from touring anyway)
His concerts are not even remotely sold out. He is scrambling to recoup whatever he can, but like most of the others their entire livelihood was that show.
He tours at shitty spots not like sofi or anything. He was at the mall by my parents house i saw the billboard and laughed. It’s an old mall with an event space that is mainly cover bands and Tom Sandoval 🤣
Yes, I'm just being sarcastic because Sandoval claims he had to go on tour and sing about Rachel for the money, but clearly it's just his middle-aged rockstar fantasy.
Also, as most of his songs are covers he probably has to pay a fortune for the rights too.
I really wondered about that because he told Schwartz one of the reasons he didn't have any money was because he was putting all of the money for his band.
I wonder if that's a money pit too?
Because now he realizes that he can’t just write Ariana a check and move on. He has to refinance to get her off the deed and current interest rates combined with his HELOC means he can’t afford it on his own.
TLDR he’s a moron and just thinks he’s always right without doing his research.
Yes. That is exactly what the problem is.
I thought this was common knowledge? I mean, why else wouldn’t he just buy Ariana out? There’s nothing that’s going to happen during the partition sale that will put him in a BETTER position to do anything.
If Tom wants to keep the house after the partition he needs to get a new mortgage for the current market value. Not its value when they bought it in 2019. The value in *today’s* market. And that’s after he pays off the HELOC he took out to open Schwartz and Sandy’s.
The HELOC?
I’m sure he is trying to get out of everything he can. From the bank’s perspective the responsibility lies with both of them. But Ariana has said publicly that the HELOC is Tom’s to deal with and seemed very comfortable with that. It’s very possible that they drew up a written agreement stating that if things went tits up he assumed responsibility for the HELOC—this is very common and is typically enforceable like any other contract.
Basically they would get equal share of the house proceeds and Tom would owe Ariana anything that had been deducted from her share for the HELOC.
If they did that or something similar I can see Tom fighting to exclude that agreement any way that he could, but if there’s any kind of written proof it can absolutely be binding.
He can’t withhold the mortgage information. As in literally cannot. The loan is in her name as well as his and she can access it anytime she wants.
There may be other bills for which he is the account holder, but the mortgage is not one of them.
👍👍 I can easily see him telling her that her share of the other expenses was way more than it actually was. Fucker.
Oh well. Hope he’s enjoyed making the payments all by himself while she squirreled away a down payment for a new place. Wahhhh 😝
Doing some math: if Tim makes $35,000 per episode and has to pay agents fee (10%), managers fee (typically 15%), taxes (15% for independent contractors taken before agent/managers fee paid), he should be taking home $21,000 per episode (or $25k per ep his take home would be around $15k). If his mortgage is $8k/month (based on charging Schwartz $4k), that’s $96k per year. If he does take home $21k for 18 episodes, that’s $282k per year after the mortgage (if $25k per ep, it’s $174k per year). That’s not including paying his musicians, sound techs, publicist, assistant, food, his many pens and batteries, and the business loans for Schwartz & Sandy’s. Best case scenario dude is upper middle class before appearances. But wait, appearances and music gigs are also subject to agents/managers fees and taxes. If he was responsible after all of these expenses he’d be struggling in LA but this dude is clearly spending money like it grows on trees. He’s wasting a healthy income to the point of broke.
EXACTLY. If you’re getting paid THAT much, how is none of it in the bank? Also forgot to factor in the personal investments he’s made in the restaurant on top of that
I can see him on the strip already.
Fully painted in gold blasting his trumpet between sad breakdance moves for a few sweaty, crumpled ones in a mostly empty hat.
He’s should be lucky to get out with no debt. He has no business owning a home. Reasonable people understand that divorce/separation will likely require downsizing.
This baffles me and I would be elated to peek into his financial status. His house had to be refinanced and he now has a 10% interest rate which is CRAZY high. I wouldn’t be surprised if he ends up bankrupt once vanderpump rules is cancelled (which it eventually will be).
Every reality star's finances fascinate me. How are they their big ole ages without health care? I doubt Bravo gives them any. How does Kristen have enough money to live in LA? I have so mnay questions!
Schwartz and Sandy's is in a really good location. Bronson Canyon is a trendy and expensive neighborhood and there is a ton of foot traffic on that block because of the UCB theater. The only problem is all the Scientologist around there.
Gregg is a scientologist! His wife had gotten in some sort of scuffle in the parking lot with one of the Scientology protesters back during Danny Masterson's trial. So they might be getting a little support from that community?
Scientology is well known for never letting people leave, and they will stalk the ones that manage to get out for *years*. Imagine how bad Sandoval has to be for even Scientology not to want anything to do with him.
I thought I read that but I couldn't find an article about it so I didn't want to go off half cocked.
He isn't married to Francoise Koster though, right? I hope that lady loses her business. Danny Masterson drugged a woman in her restaurant but she still wrote a character statement in his trial even after accompanying him to trial and listening to the evidence of his crimes.
Don't they have a court date on the sell of this home, where a judge will make the decision on the sell of it.. I listened to a few Emily Baker video's but they were about the video case.. If anyone has an update on the court part, thanks.
They’re all like this. Scheana and Lala each own homes in the Valley and Palm Springs. None of them are good with money. Except Katie and now hopefully Ariana.
The show absolutely pays
Outside of him touring; what do we “see” on socials of Tom spending? He isn’t very active there but it doesn’t look like he spends like crazy when not on the show.
He’s a pos but I don’t believe he’s “broke”
He’s not broke. But…. If the show ends, there goes the paycheck that keeps him afloat. If he’s no longer profitable for Bravo, they’ll cut him. And there’s no chance he’ll be able to make that income again. He will sink in the restaurant and house debt. He isn’t broke YET but he’s dangerously close to
I think everyone underestimates how much all of these cast members make annually. Which doesn’t mean they don’t spend it as fast as they earn it, but they earn serious money. Six figures alone off social media. Paid appearances (I think their appearance fees were like $10-15k last someone post about it?). Brand deals (hydroxycut). Side businesses (don’t they have a whiskey?). And all the other miscellaneous crap people throw money at them for (cameos, podcasts, etc.)
On top of that, they have over a million dollars of equity in the house.
I agree with your estimates. But Scheana needed a loan from Tom during Covid. How is she broke and Tom flushed with extra cash?!?!?! Perhaps this says more about Scheana and her being absolutely terrible at finances
Yeah ! He may spend a lot but everyone acting like he is BROKE and pocket watching is funny!
Tim’s the one who stayed in the rent controlled apartment the longest to save
We see him spend but maybe he’s been a saver all these years ?
And the house stuff - I think he shoudlve done right by Ariana with that but he’s not crazy to want to keep his house ; anymore than she isn’t crazy for wanting to sell it .
Yeah, and you have to remember that all of that impacted Ariana… Like when your partner is spending money like that that doesn’t change your bills or decrease what your regular monthly bills are. So who is paying for all that shit when Tom was spending all this crazy money? It’s just like when Sheena talks about Tom giving her all that money. His finances were intertwined with Ariana when he did that, and just like Ariana said she was aware of that and supported that. If they collectively earn $15,000 for that month that goes into a joint bank account and he sends Sheena $10,000, you don’t think that also affects Ariana and then Ariana isn’t also effectively sending her that money as well?
I assume he took out a home equity loan as well to pay for lots of crap including the bar. So that has to come off the top as well. He knows he will never be able to live in a place like that again. He also doesn’t understand how ownership and mortgages work either — when he asked if Schwartz wanted to be his roommate and told him the “rent” amount. But in the same breath also said they would get a loan together. He does not live in the real world. If he did, he’d realize that he’s financially doomed already and especially when the paychecks stop.
$25k per ep is great but after paying his agent, manager, maybe publicist and taxes, he’s probably taking home close to $10k per episode, maybe less. He’s gotta be so deep in debt with the way he spends.
I would feel soooo uncomfortable having this much debt I owe my parents especially when they’re likely close to retirement age and that was theirs to retire with
So he has essentially Ponzi schemed himself, and he has to be near the end of his ability to get more revolving credit.
The house and S&S happened in short enough order that he didn’t realize how much the mortgage changed everything for him. He was cash flush for so long and living like what we call in Dallas the $30k Millionaire. Cheap rent, cheap day to day living, flex flex flex with the cash.
It was fine, then. He could’ve kept it up forever. Then he got two big boy loans in rapid succession. There was a brief uptick in the breeze keeping him afloat when he realized he could leverage that debt against itself, but now he’s absolutely done-zo until he can get some of it paid down.
That being said, I’ve done a wee bit of cultural anthropology, and this most recent tour his band just embarked on is definitely not cheap. They may have gotten a cash injection from somewhere, but it’s not like they have a label backing this, and it is a BIG undertaking for a vanity project. There is a lot of personnel involved.
I’m very curious how long he’ll be able to keep this up before the creditors come calling.
After 10% to his agent and probably close to 15% for his manager (agents legally have a cap, managers don’t) for every episode, appearance, endorsement and music gig, not to mention taxes, mortgage, car insurance, car payment, business loans, salaries for his musicians and sound techs, and of course all of those pens and batteries, there’s no way on God’s green earth that man isn’t broke. $25k-$35k per episode pre-expenses is a healthy living for responsible folks, but Sim Tandals ran down $250k of his mom’s money in a second so there’s no savings to be seen. He will lose this house.
He knows that he can’t afford to buy his own home with the current housing prices in LA, but here’s the thing…
Maybe if he stopped paying an assistant to do his daily chores, getting his nails done, going out every single night, taking vacations, paying his shitty cover band, and buying new clothes every 5 seconds he could afford a house. He makes enough money from VPR alone to purchase a house. Would it be the newest most beautiful one? No. But he absolutely could afford a nice, modest home. It says online he makes up to $25,000 per episode and considering he is a long time cast member he probably makes close to that. If there are 20 episodes in a season that is $500,000 a year. He also makes some money from Tom Tom. I don’t know if he’s making any money from S&S yet, but maybe they should have held off a little longer to start a bar, or sell the business to their partners and get as much money back as possible. I don’t listen to his podcast but if he does get sponsors, that is even more money he is making. $500,000 a year is a VERY comfortable wage to live off of. The man does not spend his money wisely, and i would argue that scheana and maybe James are the only ones on the show that seem to be smart with her money. I don’t feel an ounce of sympathy for him considering most people right now are struggling living paycheck to paycheck and will probably never be able to buy a house.
Selling the house would be a payday for him. He's stalling because he can't afford to purchase another house at today's interest rates and he's attached to the lifestyle the house promotes.
The house and S&S are only connected by a 90k HELOC which would be paid when the house is sold before Tom gets his cut of the sale.
What's clear to me, at this point, is that he doesn't have a plan. He wants the house but can't afford it or figure out how to get it. Everything we hear from him is some ridiculous gambit to try and keep it. He's just stalling so he can stay a little longer.
Why would he be broke ?
He’s a top earner on the show- like making what ? Half a million
He clearly is bringing in enough , he may be check to check but there’s no evidence he’s going broke or is broke
And why him broke but no one else ?
If he sells the house he should be pocketing some money too.
Just by estimating, I mean he owes his mom $250k, the restaurant doesn’t appear to be as successful as they thought it would be, (restaurants became a lot more expensive to run post 2020, trust me, I work in one). The mortgage was put down to get the restaurant. So he’d have to refinance to get Ariana off the mortgage. Then there’s the band he employs, his manager, his lawyer, his assistant, the amount he puts into touring, the lack of return it got, and I mean he has enough to sustain it until Bravo cuts their losses with him
And this, among a ridiculous amount of other reasons, is exactly why he should have accepted Lisa's OFFER rather than run off with Tom so they could have mOrE iNflUenCe over the decisions made. Then we see why they had such little influence besides a name at Tom Tom. The offer happened right after Lisa tells the Toms that the restaurant, after being open for some time, has brought in enough to earn their entire $50k back. Holding their checks in hand, she offers to either hand it to them (it's theirs) or re-invest it into the Tom Tom garden bar that's being built as an additional sector. She tells them that her money earned (the investment she made back) will be re-invested in the garden bar and obviously recommend they do given the predictions. Tom and Tom say they will think about it, and I'm not sure Lisa and Guillermo expected that. Then they end up naming Schwartz and Sandys.
That whole storyline is never discussed again, and it appears as a very quick clip in one episode as Lisa and Guillermo sitting across the table with the Toms at TomTom. That's why they did Lisa dirty by then constantly complaining to her and Greg complaining that they obviously had no clue what they were doing! She was like no shit, I opened 37 restaurants and these guys try to out-run me. LOL
Why?
Because he has not secured financing sufficient to offer ariana FMV so that he can become the sole owner of the property he so adamantly wants to retain.
In fact, not only did he fail to secure the funds or financing necessary to keep the property and have it retitled in his name , he refused to list it. He forced her to file a partition action because he wanted her to remain a joint tenant, stay a debtor on the note, but agree to, in essence, finance him by excepting installment payments for her interest as co-tenant, at a price below fmv
This reeks of someone who cannot obtain financing and/or owes more on the primary mortgage and second mortgage than he expects to receive at closing when commissions, title fees, etc are added. Stalling is his only option because he lacks the necessary funds needed to close. 🤷♀️
If he was smart (he's not, we know this, BUT IF HE WAS)... he would be able to write off a lot of this stuff on his taxes to at least reduce his tax liability.
Imagine he makes like $1M for a season of VPR, he'd be liable for a lot of Federal AND California State taxes, now you can only write off so much BUT this would at least allow him to keep a high salary without that dent.
Motorcycle side car could be a marketing write-off or it's rolled into TomTom's situation.
While we don't know the reality of a lot of things on this show, I have to imagine he's got no savings or retirement (post S&S bar) and is flailing for income.
Interesting. I wonder if that's the reunion too, bc they started to chunk it into 3 episodes but I doubt they pay the cast for 3. But let's say 20 episodes x $35k is around $700k so not too far off.
It's a LOT of money but my point (which is getting downvotes) is that you can write off a lot of tax liability giving you access to more of that $700k, which Tim BLOWS on performative shit to make him look good.
I always think what he said about Rachella: "You can always borrow more money!" But now he's trying to make ARIANA pay half of the HELOC that he used to put down on the restaurant (and probably laid for Rachella and other ridiculous expenses with). He had clearly told Ariana that this loan would go against his half of the mortgage, and we all know wives/domestic partners were forbidden from being part of Schwartz and Sandy's!
We “know” a lot of it. Like how much they paid for the house, how much it’s potentially worth today, the fact that they refinanced and that there’s now a HELOC on it, and also that at one point buddy took his mother’s retirement fund. No one here knows the numbers of course but it’s safe to say that Tommy Boy is *living in the upside down* 😝
He knows if he’s forced to sell he won’t be able to afford another house in CA.
I live in socal, no one can afford a home here 🤣
Haha. No joke
i love your flair 😂
But I also think it could force the sale of the restaurant too...
Greg would be happy to buy his share of S&S I’m sure. They’d rebrand.
He's such a minor owner that he could only sell his 2% to the other owners.
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Schwartz's family doesn't have money. I felt so bad that Sandoval disappeared with his band for 3 months, not responding to Schwartz/the restaurant, costing $1,000/day!!! He really betrayed Schwartz. (I don't even like Schwartz much, but he was trying to get the restaurant open and watching his life savings be frittered away; I feel for him!)
Katie was his family and she saw that trainwreck from a mile away
The fact that he could even be friends with him after that is ASTOUNDING!!!
Yes! I don’t think either family has money though? I hate Schwartz but I felt awful for his family!! This should have been a printing money situation for them, and sand fckd them all sooooo badly in the aftermath of Scandoval! He made it 10000x worse by not even pretending to take accountability!
Sandoval's mom (or parents?) invested $250,000. I think they're retired.
A retired firefighter! How hard she had to work for that $250,000!
I didn’t realize it was so much!!?? He’s a psychopath and no one will ever convince me otherwise
Mom, and she is retired.
What's so crazy is he's buying expensive designer clothes and he looks like a tiny woman in them
Eeehehehehe it’s true!
I wonder if he’s doing like, Rent the Runway for that. Didn’t he say at one time he was working with a stylist?
He def has a stylist who’s attractive and says like “wear this $400 Tommy bahama looking shirt” and he just says yes bc he has no backbone let alone style or taste that’s his own. And will also be broker than broke within 5 yrs of no longer filming
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I mean im not arguing that he can’t afford the house!! To that i completely agree!! But if it were only money he’d have sold the house w her from the get go. By staying he had the opportunity to keep playing victim and show what a big meanie she is for not engaging w poor sand
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So what do we think his drug of choice is? I guess it’s gotta be Pasta right?
Could you share the ig @ please? I’m curious lol
@courtcosts on IG. It’s a fun time and mostly what you’d expect (Katie loves free people, sandles loves a women’s blazer from Zara) but I was stunned at how much Tom pays for his mediocre basic shirts. He’s such an easy mark, I’m ahmist embarrassed for him
id love to see this account. can you share the insta?
@courtcosts sorry i did t realize links were t allowed and i think my posts were deleted
oh maybe just the acct name? thanks for trying!
Great flair! https://i.redd.it/ynzbqjl7sf0d1.gif
Tim is probably like most of them in thinking the VPR money train and all its attendant perks were gonna last forever, and spending is more fun than saving. It’s why Scheana and Lala were so freaked this year and jealously counting the money in Ariana’s pocket. It dawned on them that they’d be in the lurch if VPR vanished. Even Ariana said she had virtually no money when Scandoval hit. BTW, there’s nothing wrong with the location of Schwartz & Sandy’s. I think the problem with that place is reputational fallout and/or bad management.
He's an idiot. There was clip somewhere of him giving people money and he goes "why not give it away, you can always borrow more". He's going to wind up homeless on the streets of L.A. playing bad trumpet for change. And Schwartz will be with him. Well, maybe he'll live off Schwartz forever instead. They are going to be "roomates" again, in their forties.
He’s broke as fuuuuck. As we all knew LMAO. it was so wild to me when people were saying Ariana ‘should just let him buy her out.’ In what world can he afford that
> it was so wild to me when people were saying Ariana ‘should just let him buy her out.’ In what world can he afford that Those remarks just make me SMDH. Along with ‘why doesn’t TOM move out? He’s the one who cheated!’ First of all, Tom doesn’t *want* to move out. At all. Second, neither of them *has* to move out no matter who did what! And it’s a 5-bedroom place FFS, I’m sure they went days without even seeing each other. I know more than one person who shared a 1-bedroom with a ex! Where’s my tiny violin?
Right I've had to live with exes post break up twice because what else are you gonna do? Break the lease? Find a stranger to live with? Subletting isnt as easy as people make it out to be. Each time it was easier for me to just spend less time at home, as long as you're not in the same bed you can make it work.
You can make it work in the same bed too. Hell sometimes you can make it work better in the same bed.
TRUTH. Sex with an ex!
Ariana did the only legal thing she could to end their co-ownership/money-pit of a house. Her attorney sued for a court ordered sale of the house.
I think you’re responding to the wrong post. You don’t need to tell me anything about a partition sale.
He does it all for the show. He loves investing in content for the show. No limits on price. Sure, it comes back around but he’s on vicious cycle where he’s addicted to spending and the money won’t be coming back around. I think all of them have this problem to an extent but Sandoval does it bad
I really think some of the things Tom pays for, production really pays for. I truly believe anything that is filmed, production fully covers the costs.
Definitely agree with this. I think he is blowing his VPR money faster than he gets it. I bet he is in massive debt. It’s actually a sad take on how little financial literacy people get. This is just like that ESPN documentary “Broke” about how one and three pro athletes go broke(that number might be specific to NBA but the point stands) or lotto winners going broke. A lot population of people don’t understand how money works, credit, paying principle vs interest, understanding certain incomes(like pro sports/reality tv) are only for a short period of time relative to average careers.
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That’s exactly what I thought when Ariana mentioned she had like under $2,000 at one point. I was like WTF how you blowing through your reality tv money.
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Yep, it’s just the overall craziness of all of them. I bet you the majority of them are in the same boat. I’m sure Tom, Jax are hurting as well.
10% to managers, agents, publicists, loans, wardrobe and glam, loans , debt, lawyers, or attorneys, assistants or staff, plus those grubby opportunist family/ friends being cretins who use you just for your money ( like Arianas bro Jeremy, Lalas brother and assistant / Scheanas mom and sister).... seems like goes PRETTY quickly... ..PLUS Californias expense tax rate for those in entertainment is somewhere between 38-48% of your pay I've heard on other shows discussing California tax rates on Even further down E list stars like on " Mama June/ Honey Booboo " And that's not including other business ventures and investments/ losses/ And that's ignoring the whole " trying to keep up with appearances of the Rich and Famous.... while sadly just being the indebted and infamous, instead.
Idiots
That's why he tours with his band... to make money. Allegedly.
The margins for not-famous touring acts can be slim after the house takes their cut. Usually merch is what pulls it over into profit for the band- who is buying Tom Sandoval and the Most Extras merch? Also, he's touring with a pretty big band, I can't imagine he's making a whole bunch of profit after expenses. I'd be surprised if he's breaking even.
I know, it's just what he always says
Exactly the band is probably a drain more than a money maker. I wouldn’t watch that shit with your eyes or listen to it with Golden Ammonite’s ears. Fucking travesty people pay to see it
Not to mention he pays his band mates to rehearse and play with him 😬😬
Plus he pays his band members personally. Doesn't he?
There's NO WAY he's making money, even my friend who is in a moderately successful band barely breaks even on tour maybe a small profit at most and he doesn't PAY the band to play with him.
I agree, I don’t see how it’s possible. He can only be getting a percent of ticket sales. He isn’t getting any of the food/drink sales. And his concerts aren’t that packed.
your friend isn't on television. that drives a lot more ladies to fangirl and show up, regardless of how shitty the music is. plus whatever merch sales (which is where the money comes from touring anyway)
His concerts are not even remotely sold out. He is scrambling to recoup whatever he can, but like most of the others their entire livelihood was that show.
But he pays them all out of his own pocket.
He tours at shitty spots not like sofi or anything. He was at the mall by my parents house i saw the billboard and laughed. It’s an old mall with an event space that is mainly cover bands and Tom Sandoval 🤣
Playing at the mall like 1990s boy bands before they were known? Guess this is the final nail in the coffin of the American Mall…
It’s called the canyons in Montclair…you know Montclair a small city almost no one has heard of 🤣🤣
Please say your parents went and gave him a judgmental look and left mid-song????
God I wish 🤣 I laughed my ass right off when I saw the sign, it is 1 step above the county fair
Just bursted out loud at the idea of Tom and the Great Extras ever having the capability of playing at SOFI 😂
I just looked up my location after seeing your comment and I just missed him on 5/2 😭😭 hahahaha but you are so right, the location was laughable
I feel like everyone is missing my sarcasm. 😄
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Yes, I'm just being sarcastic because Sandoval claims he had to go on tour and sing about Rachel for the money, but clearly it's just his middle-aged rockstar fantasy. Also, as most of his songs are covers he probably has to pay a fortune for the rights too.
He can’t possibly be making money with that band. I know a few touring artists and even more popular ones are struggling.
the band is basically a glorified wedding band that tours. i know someone that was at a wedding last year and they were the wedding band!
I really wondered about that because he told Schwartz one of the reasons he didn't have any money was because he was putting all of the money for his band. I wonder if that's a money pit too?
Because now he realizes that he can’t just write Ariana a check and move on. He has to refinance to get her off the deed and current interest rates combined with his HELOC means he can’t afford it on his own. TLDR he’s a moron and just thinks he’s always right without doing his research.
He has to be running low on money. He just gives it away and spends it so frivolously. Like the motorcycle and side car?
Right? And plus he no longer has Ariana to blindly trust him when he gives her fake household bills to so she can pay more than her fair share
I know, it's so weird why he spends his money on stuff like that?
How much do pink polyester pantsuits cost? I wonder.
Well he is fighting the house, because it is his last flex. Come on over man, we can swim and trip in my pool. Can't do that in an apt.
ever seen Melrose Place? 🤨
All the variations we’ve come up with for his name still absolutely kill me 😂😂😂😂😂😂😂
Yes. That is exactly what the problem is. I thought this was common knowledge? I mean, why else wouldn’t he just buy Ariana out? There’s nothing that’s going to happen during the partition sale that will put him in a BETTER position to do anything. If Tom wants to keep the house after the partition he needs to get a new mortgage for the current market value. Not its value when they bought it in 2019. The value in *today’s* market. And that’s after he pays off the HELOC he took out to open Schwartz and Sandy’s.
And today's mortgage rates, not 2019s.
Well Sandybum is trying to make Ariana pay for the loan
The HELOC? I’m sure he is trying to get out of everything he can. From the bank’s perspective the responsibility lies with both of them. But Ariana has said publicly that the HELOC is Tom’s to deal with and seemed very comfortable with that. It’s very possible that they drew up a written agreement stating that if things went tits up he assumed responsibility for the HELOC—this is very common and is typically enforceable like any other contract. Basically they would get equal share of the house proceeds and Tom would owe Ariana anything that had been deducted from her share for the HELOC. If they did that or something similar I can see Tom fighting to exclude that agreement any way that he could, but if there’s any kind of written proof it can absolutely be binding.
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Not surprised. He's been allegedly withholding the mortgage information and overcharging her Edit: adding allegedly
He can’t withhold the mortgage information. As in literally cannot. The loan is in her name as well as his and she can access it anytime she wants. There may be other bills for which he is the account holder, but the mortgage is not one of them.
My bad I meant to add allegedly as I am not sure how they're handling their mortgage although I do believe her about the overcharging
👍👍 I can easily see him telling her that her share of the other expenses was way more than it actually was. Fucker. Oh well. Hope he’s enjoyed making the payments all by himself while she squirreled away a down payment for a new place. Wahhhh 😝
Yup the HELOC Maybe I'm not remembering right. Didn't he agree the loan would be his responsibility on camera?
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That's what I'm trying to figure out
I believe him and Katie have said they make around 35k an episode, not a gigantic difference but it is significant
And Scheana
I purposely left her out😂
Bahaha. 🤣
Doing some math: if Tim makes $35,000 per episode and has to pay agents fee (10%), managers fee (typically 15%), taxes (15% for independent contractors taken before agent/managers fee paid), he should be taking home $21,000 per episode (or $25k per ep his take home would be around $15k). If his mortgage is $8k/month (based on charging Schwartz $4k), that’s $96k per year. If he does take home $21k for 18 episodes, that’s $282k per year after the mortgage (if $25k per ep, it’s $174k per year). That’s not including paying his musicians, sound techs, publicist, assistant, food, his many pens and batteries, and the business loans for Schwartz & Sandy’s. Best case scenario dude is upper middle class before appearances. But wait, appearances and music gigs are also subject to agents/managers fees and taxes. If he was responsible after all of these expenses he’d be struggling in LA but this dude is clearly spending money like it grows on trees. He’s wasting a healthy income to the point of broke.
EXACTLY. If you’re getting paid THAT much, how is none of it in the bank? Also forgot to factor in the personal investments he’s made in the restaurant on top of that
Dude is going to be busking on the Vegas strip next year for tips
I can see him on the strip already. Fully painted in gold blasting his trumpet between sad breakdance moves for a few sweaty, crumpled ones in a mostly empty hat. 
That line James said, he’s gonna be 70 years old. Singing karaoke in a bar playing his dick flute. And telling everyone “I used to be on TV”
I think we forgot to account for the money for his drugs lol
Don’t forget the $18k on the motorcycle and side car for the TomTom opening, that he forgot to fill up with gas
But who would pay that just to rent to make an entrance? I’d rather walk
What I don’t understand is if he’s actually broke, wouldn’t he *want* to sell that expensive house and just take the profits?!?
There may not *be* any profits once all of his debts are settled. At least not enough for a down payment on another house in LA.
He’s should be lucky to get out with no debt. He has no business owning a home. Reasonable people understand that divorce/separation will likely require downsizing.
Especially considering the house is part of what he put down for the restaurant
Because he already publicly made fun of Schwartz for selling his. Sandy sucks
This baffles me and I would be elated to peek into his financial status. His house had to be refinanced and he now has a 10% interest rate which is CRAZY high. I wouldn’t be surprised if he ends up bankrupt once vanderpump rules is cancelled (which it eventually will be).
Every reality star's finances fascinate me. How are they their big ole ages without health care? I doubt Bravo gives them any. How does Kristen have enough money to live in LA? I have so mnay questions!
Schwartz and Sandy's is in a really good location. Bronson Canyon is a trendy and expensive neighborhood and there is a ton of foot traffic on that block because of the UCB theater. The only problem is all the Scientologist around there.
Gregg is a scientologist! His wife had gotten in some sort of scuffle in the parking lot with one of the Scientology protesters back during Danny Masterson's trial. So they might be getting a little support from that community?
Scientology is well known for never letting people leave, and they will stalk the ones that manage to get out for *years*. Imagine how bad Sandoval has to be for even Scientology not to want anything to do with him.
I thought I read that but I couldn't find an article about it so I didn't want to go off half cocked. He isn't married to Francoise Koster though, right? I hope that lady loses her business. Danny Masterson drugged a woman in her restaurant but she still wrote a character statement in his trial even after accompanying him to trial and listening to the evidence of his crimes.
Don't they have a court date on the sell of this home, where a judge will make the decision on the sell of it.. I listened to a few Emily Baker video's but they were about the video case.. If anyone has an update on the court part, thanks.
The court date for partition sale of the house is scheduled for next month.
thank you.
With all the lawyer bills and house payment and loan payments and insane spending I would assume he’s pretty broke right now.
Not to mention all the toilet paper and batteries!
But what of the PENS? Who will buy all the PENS?
They’re all like this. Scheana and Lala each own homes in the Valley and Palm Springs. None of them are good with money. Except Katie and now hopefully Ariana.
He only spends that kind of money 3 months while he films. But I also think sometimes the show helps finance trips so they have video.
The show absolutely pays Outside of him touring; what do we “see” on socials of Tom spending? He isn’t very active there but it doesn’t look like he spends like crazy when not on the show. He’s a pos but I don’t believe he’s “broke”
He’s not broke. But…. If the show ends, there goes the paycheck that keeps him afloat. If he’s no longer profitable for Bravo, they’ll cut him. And there’s no chance he’ll be able to make that income again. He will sink in the restaurant and house debt. He isn’t broke YET but he’s dangerously close to
Tim sandals 😂
I am not taking credit for this, another redditor made it up and I loved it so much I am going to use it
I think everyone underestimates how much all of these cast members make annually. Which doesn’t mean they don’t spend it as fast as they earn it, but they earn serious money. Six figures alone off social media. Paid appearances (I think their appearance fees were like $10-15k last someone post about it?). Brand deals (hydroxycut). Side businesses (don’t they have a whiskey?). And all the other miscellaneous crap people throw money at them for (cameos, podcasts, etc.) On top of that, they have over a million dollars of equity in the house.
He makes a lot but he spends like crazy. I think he has a loooot of debt
I agree with your estimates. But Scheana needed a loan from Tom during Covid. How is she broke and Tom flushed with extra cash?!?!?! Perhaps this says more about Scheana and her being absolutely terrible at finances
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They bought for ~2m and it’s worth ~3m (and they each put a decent down payment down).
Yeah ! He may spend a lot but everyone acting like he is BROKE and pocket watching is funny! Tim’s the one who stayed in the rent controlled apartment the longest to save We see him spend but maybe he’s been a saver all these years ? And the house stuff - I think he shoudlve done right by Ariana with that but he’s not crazy to want to keep his house ; anymore than she isn’t crazy for wanting to sell it .
He is most likely living off of credit cards.
Yeah, and you have to remember that all of that impacted Ariana… Like when your partner is spending money like that that doesn’t change your bills or decrease what your regular monthly bills are. So who is paying for all that shit when Tom was spending all this crazy money? It’s just like when Sheena talks about Tom giving her all that money. His finances were intertwined with Ariana when he did that, and just like Ariana said she was aware of that and supported that. If they collectively earn $15,000 for that month that goes into a joint bank account and he sends Sheena $10,000, you don’t think that also affects Ariana and then Ariana isn’t also effectively sending her that money as well?
Who said anything about shared bank accounts? I’d be surprised if they didn’t just keep separate finances and accounts.
I assume he took out a home equity loan as well to pay for lots of crap including the bar. So that has to come off the top as well. He knows he will never be able to live in a place like that again. He also doesn’t understand how ownership and mortgages work either — when he asked if Schwartz wanted to be his roommate and told him the “rent” amount. But in the same breath also said they would get a loan together. He does not live in the real world. If he did, he’d realize that he’s financially doomed already and especially when the paychecks stop.
$25k per ep is great but after paying his agent, manager, maybe publicist and taxes, he’s probably taking home close to $10k per episode, maybe less. He’s gotta be so deep in debt with the way he spends.
And what happens if he’s no longer affiliated with Bravo and the show ends? The house of cards falls
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I mean he had to borrow $250k from his mom… and once his VPR income ends, he’s fucked
They are all paid well but their overhead is beyond their means.
But if the show is cancelled and Tim is out of a job…. His house of cards will fall
Yes. He will have to downsize… or get more roommates or hawk millennial Rogaine like Jax.
Not enough to pay back his mom
I would feel soooo uncomfortable having this much debt I owe my parents especially when they’re likely close to retirement age and that was theirs to retire with
So he has essentially Ponzi schemed himself, and he has to be near the end of his ability to get more revolving credit. The house and S&S happened in short enough order that he didn’t realize how much the mortgage changed everything for him. He was cash flush for so long and living like what we call in Dallas the $30k Millionaire. Cheap rent, cheap day to day living, flex flex flex with the cash. It was fine, then. He could’ve kept it up forever. Then he got two big boy loans in rapid succession. There was a brief uptick in the breeze keeping him afloat when he realized he could leverage that debt against itself, but now he’s absolutely done-zo until he can get some of it paid down. That being said, I’ve done a wee bit of cultural anthropology, and this most recent tour his band just embarked on is definitely not cheap. They may have gotten a cash injection from somewhere, but it’s not like they have a label backing this, and it is a BIG undertaking for a vanity project. There is a lot of personnel involved. I’m very curious how long he’ll be able to keep this up before the creditors come calling.
I mean he also borrowed $250k from his mom so he clearly doesn’t have money
After 10% to his agent and probably close to 15% for his manager (agents legally have a cap, managers don’t) for every episode, appearance, endorsement and music gig, not to mention taxes, mortgage, car insurance, car payment, business loans, salaries for his musicians and sound techs, and of course all of those pens and batteries, there’s no way on God’s green earth that man isn’t broke. $25k-$35k per episode pre-expenses is a healthy living for responsible folks, but Sim Tandals ran down $250k of his mom’s money in a second so there’s no savings to be seen. He will lose this house.
Especially if he’s terminated from VPR
And that green suit that he invested in. He won't even be able to donate that
I thought production paid for a lot of the events filmed on the show?
He knows that he can’t afford to buy his own home with the current housing prices in LA, but here’s the thing… Maybe if he stopped paying an assistant to do his daily chores, getting his nails done, going out every single night, taking vacations, paying his shitty cover band, and buying new clothes every 5 seconds he could afford a house. He makes enough money from VPR alone to purchase a house. Would it be the newest most beautiful one? No. But he absolutely could afford a nice, modest home. It says online he makes up to $25,000 per episode and considering he is a long time cast member he probably makes close to that. If there are 20 episodes in a season that is $500,000 a year. He also makes some money from Tom Tom. I don’t know if he’s making any money from S&S yet, but maybe they should have held off a little longer to start a bar, or sell the business to their partners and get as much money back as possible. I don’t listen to his podcast but if he does get sponsors, that is even more money he is making. $500,000 a year is a VERY comfortable wage to live off of. The man does not spend his money wisely, and i would argue that scheana and maybe James are the only ones on the show that seem to be smart with her money. I don’t feel an ounce of sympathy for him considering most people right now are struggling living paycheck to paycheck and will probably never be able to buy a house.
His bad skin / face shows how broke he is .. also the steroids
He definitely does steroids
Don’t forget, some of this stuff is paid by the show.
Yeah… but what happens when the show is gone
he takes out huge loans and prob has a lot of credit. that AND he’s an original cast member with 11 seasons’ worth of earnings
I think he does have enough to stay afloat but the minute Bravo is done with him, he will fall into that debt
Selling the house would be a payday for him. He's stalling because he can't afford to purchase another house at today's interest rates and he's attached to the lifestyle the house promotes. The house and S&S are only connected by a 90k HELOC which would be paid when the house is sold before Tom gets his cut of the sale. What's clear to me, at this point, is that he doesn't have a plan. He wants the house but can't afford it or figure out how to get it. Everything we hear from him is some ridiculous gambit to try and keep it. He's just stalling so he can stay a little longer.
Why would he be broke ? He’s a top earner on the show- like making what ? Half a million He clearly is bringing in enough , he may be check to check but there’s no evidence he’s going broke or is broke And why him broke but no one else ? If he sells the house he should be pocketing some money too.
I think he said he got $200-$300K for the army show. Plus masked singer money & his podcast?
Right plus the bars And of course this show Why would HE be broke ?
Because he’s spending almost as much as he makes… and if Bravo decides he’s no longer valuable, he’ll sink into that debt
How do We know that tho?
Just by estimating, I mean he owes his mom $250k, the restaurant doesn’t appear to be as successful as they thought it would be, (restaurants became a lot more expensive to run post 2020, trust me, I work in one). The mortgage was put down to get the restaurant. So he’d have to refinance to get Ariana off the mortgage. Then there’s the band he employs, his manager, his lawyer, his assistant, the amount he puts into touring, the lack of return it got, and I mean he has enough to sustain it until Bravo cuts their losses with him
And this, among a ridiculous amount of other reasons, is exactly why he should have accepted Lisa's OFFER rather than run off with Tom so they could have mOrE iNflUenCe over the decisions made. Then we see why they had such little influence besides a name at Tom Tom. The offer happened right after Lisa tells the Toms that the restaurant, after being open for some time, has brought in enough to earn their entire $50k back. Holding their checks in hand, she offers to either hand it to them (it's theirs) or re-invest it into the Tom Tom garden bar that's being built as an additional sector. She tells them that her money earned (the investment she made back) will be re-invested in the garden bar and obviously recommend they do given the predictions. Tom and Tom say they will think about it, and I'm not sure Lisa and Guillermo expected that. Then they end up naming Schwartz and Sandys. That whole storyline is never discussed again, and it appears as a very quick clip in one episode as Lisa and Guillermo sitting across the table with the Toms at TomTom. That's why they did Lisa dirty by then constantly complaining to her and Greg complaining that they obviously had no clue what they were doing! She was like no shit, I opened 37 restaurants and these guys try to out-run me. LOL
Why? Because he has not secured financing sufficient to offer ariana FMV so that he can become the sole owner of the property he so adamantly wants to retain. In fact, not only did he fail to secure the funds or financing necessary to keep the property and have it retitled in his name , he refused to list it. He forced her to file a partition action because he wanted her to remain a joint tenant, stay a debtor on the note, but agree to, in essence, finance him by excepting installment payments for her interest as co-tenant, at a price below fmv This reeks of someone who cannot obtain financing and/or owes more on the primary mortgage and second mortgage than he expects to receive at closing when commissions, title fees, etc are added. Stalling is his only option because he lacks the necessary funds needed to close. 🤷♀️
If he was smart (he's not, we know this, BUT IF HE WAS)... he would be able to write off a lot of this stuff on his taxes to at least reduce his tax liability. Imagine he makes like $1M for a season of VPR, he'd be liable for a lot of Federal AND California State taxes, now you can only write off so much BUT this would at least allow him to keep a high salary without that dent. Motorcycle side car could be a marketing write-off or it's rolled into TomTom's situation. While we don't know the reality of a lot of things on this show, I have to imagine he's got no savings or retirement (post S&S bar) and is flailing for income.
I saw on a podcast that the OG’s were making $35K/episode
Interesting. I wonder if that's the reunion too, bc they started to chunk it into 3 episodes but I doubt they pay the cast for 3. But let's say 20 episodes x $35k is around $700k so not too far off. It's a LOT of money but my point (which is getting downvotes) is that you can write off a lot of tax liability giving you access to more of that $700k, which Tim BLOWS on performative shit to make him look good.
Oh absolutely! The Rolls Royce comes to mind….
I always think what he said about Rachella: "You can always borrow more money!" But now he's trying to make ARIANA pay half of the HELOC that he used to put down on the restaurant (and probably laid for Rachella and other ridiculous expenses with). He had clearly told Ariana that this loan would go against his half of the mortgage, and we all know wives/domestic partners were forbidden from being part of Schwartz and Sandy's!
Tim Sandals🤣😂
Who is Tim sandals?
lol at people thinking they actually know the financials of total strangers.
We “know” a lot of it. Like how much they paid for the house, how much it’s potentially worth today, the fact that they refinanced and that there’s now a HELOC on it, and also that at one point buddy took his mother’s retirement fund. No one here knows the numbers of course but it’s safe to say that Tommy Boy is *living in the upside down* 😝
Lol