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May 2018 Archives

More homebuyers may complete real estate transactions this summer

The coming summer season may offer something that many would-be homebuyers are eager to see -- more homes for sale. Research shows that the declines in inventory experienced in recent years are beginning to lose their momentum. This may be exciting news, especially for first-time homebuyers who are ready to take part in real estate transactions in New York.

Fair Labor Standards Act (FLSA) addresses tipped workers

Federal wage-related legislation is in place for tipped workers, including valets and bartenders, for example. It is known as the Fair Labor Standards Act (FLSA). Here is a look at what employees in New York should know about this act and how it impacts their working lives.

Crowdfunding may help with residential real estate transactions

Crowdfunding is an in-demand tool for paying for various ventures in New York and elsewhere these days. However, recently, this technology has become increasingly popular among aspiring homebuyers. They are using crowdfunding to help them in their residential real estate transactions -- specifically, to cover their down payments.

Technology to positively impact real estate transactions

The commercial property world in New York and elsewhere is not typically known for being technologically advanced. However, this is changing slowly among the players involved in commercial real estate transactions today. Specifically, technology is making it easier for property management companies to automate processes and systems as well as improve the experiences of tenants.

Tipped employees have different rules in NY

If you are new to working as a server or bartender in New York or previously worked in a tipped position in one of the few states that pays the full minimum wage for tipped employees, you may have been unpleasantly surprised to find a significant cut to your hourly paycheck. In New York and many other states, employers of tipped employees are allowed to pay their workers a much smaller minimum wage, with the expectation that their tips will make up the rest.

Real estate transactions being approached with confidence

The commercial property landscape in New York and elsewhere last year started slowly, as a feeling of uncertainty pervaded the market. On the flip side, in 2018, people are much more confident about taking part in commercial real estate transactions. Still, they are approaching these transactions with caution.

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