LA Hotel Worker Protection Ordinance

Panic Buttons  A panic button device must be given to all employees working in guest rooms or where other employees may not be present. We would advise these devices be given to all housekeeping, houseman/women, and maintenance staff.  Device must have GPS tracking and direct contact to security guard or supervisor.  Hotels 60+ rooms must…

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Leasing Hotel vs. Management Company

Increasingly, hotel owners are choosing between leasing their properties and hiring a management company. Below is a list of Pros and Cons to consider for each arrangement. Leasing Hotel      PROS: Lessee takes on the financial, operational, and legal burden Lessor receives a guaranteed fixed monthly amount Safe and secure     CONS: Significantly limits…

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1031 Exchange – Things to Know

While many experienced real estate investors are familiar with the 1031 process of avoiding capital gains tax, they may not be fully aware of their options. Generally, there are 4 different types of 1031 exchanges:  The most common, Delayed Exchange: current property is sold, and then a replacement property is purchased within the allowed time. The…

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California Mandatory Retirement Plan Explained

California implemented a new mandatory law requiring all companies with more than five employees to offer a retirement plan to their workers by June 30, 2022. Companies that don’t will be required to enroll in CalSavers, the state-sponsored individual retirement account (IRA). Participating employees would elect an amount to save as part of their payroll deductions. Business…

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Commercial Loan Document Review

Before signing a commercial loan agreement or agreeing to an LOI, be sure to review and negotiate the terms with particularity. Loan documents are prepared by the Lender’s attorney. Thus, many terms may benefit the Lender, but limit protections for Borrower. Below are just some of the most consequential terms that you should read and…

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Requirements for I-9 Employment Form

There are two primary purposes of the I-9 Employment Eligibility Verification Form. 1) To verify the identity of an employee and 2) to verify their eligibility to be employed. During COVID, the Department of Homeland Security allowed employers to use expired List B identity documents for I-9 purposes. However, as of May 1, 2022, employers…

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Exempt vs. Non-Exempt Employees

The Fair Labor Standards Act establishes guidelines for documenting work hours and rules for paying exempt and non-exempt employees. The FLSA provides a minimum wage and overtime exemption for employees in the following fields/positions: Executive Administrative Professional Outside Sales Computer-related occupations However, job titles alone do not determine exempt status. The employee’s specific job duties and salary…

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California Employee Leave

Under California law, businesses are required to provide employees with the following leaves of absence: Sick Leave: All employees are eligible. Employees earn a minimum of 1 hour of sick pay for every 30 hours worked. Employees get 24 hours of sick leave per year. California Pregnancy Disability Leave: Employees are eligible if Employer has 5…

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