Showing posts with label %. Show all posts
Showing posts with label %. Show all posts

Wednesday, August 21, 2013

Frank Yan of Sacramento on Tipping Etiquette







If you’re like anyone else, tipping anywhere outside of a hotel or a restaurant setting equates to a lot of confusion. Who do you tip? And if you do tip, then how much do you tip? It’s unsurprising, then, that this dilemma is something of a world-wide epidemic. Billions of people confront a similar scenario every day. When Frank Yan leaves his town of Sacramento, Frank has traveled to many destinations in and outside the country; he has experienced many services that requires tipping
.

Tipping on vacation, however, is in a completely separate realm and elevates uncertainty to a new level. In different parts of the country there is a general set of guidelines assigned to tipping that can help you redirect your focus from the logistics of tipping, back to your vacation.


Ideally, Frank Yan says you should tip as you do in the U.S., letting the size of your pocketbook and the quality of service set your tipping guidelines. “Tip-dependent” workers include waiters, bellboys, maids, diving and snorkeling guides, other tour guides, boat crews, masseuses, beauty salon operators, supermarket grocery baggers, bathroom attendants, airport luggage attendants, and gas station attendants.


Dining/Bars – The normal tip amount is 15-20% of the bill. 20% for an upscale restaurant with excellent service. Sometimes there is a national value added tax of 15% included on all restaurant bills. This is not the tip, this is a federal tax. Make sure you check the bill carefully for this 15%. Also do your own arithmetic and add the bill up yourself. Many times there are mistakes. Be sure and check to see if the restaurant has added on a tip. Some do if they think they can get away with it. Many people leave a tip equal to the 15%. Not all restaurants pay the waiters in the same way. Some restaurants pool all the tip money and divide it equally between waiter, bartender, and kitchen staff. Others allow each waiter to keep his individual tip, and he has to pay a percentage to the bartender and kitchen staff. If you pay with a credit card and add the tip to the charge, the waiter will be charged a 4% bank charge of the tip amount. Pay the tip in cash, if you can. The waiter will get more.


Daily Maid Service – At any luxury hotel or other Resort accommodation, maid services are not commonly tipped. It is a nice gesture and if service was profound for the entire stretch of your vacation, then a tip of 10-20 dollars, depending on how many shared the room, is perfectly adequate. Tips should be left on a pillow, or unmade bed, or in the mini-bar; otherwise it will not be taken.


Tour Guides – Because guides provide a service they should be tipped according to your satisfaction. 5-10 dollars should be adequate.


Masseuse - 10-15% of the price for a massage. A massage is usually one hour, and costs range from $60-120. It is a service industry, just like the rest, and if you liked it, don’t forget to tip.


Anything and everything else is fair game in terms of tipping. If extraordinary service is rendered, then don’t be cheap. Fish your pockets for a few extra dollars to express your gratitude; you never know, the result of such kindness could lead to new services or suggestions that make for a more memorable stay on your vacation.


Frank has always kept his eye open while observing many people in Sacramento or other destinations he visits don’t tip when they should. Frank has always be huge on tipping as he once was a Skycap at the Sacramento International Airport and his income derived on tips.



Tuesday, August 20, 2013

Frank Yan of Sacramento on Information That Hits Us Where We Live







Frank Yan of Sacramento post a Sacramento Real Estate Market Update

There seem to be no barriers in sight to the housing market recovery. Friday saw Housing Starts up 5.9% in July, hitting an 896,000 unit annual rate. Those looking for signs of impeded progress were quick to point out that all the gain was due to multi-family starts, which rebounded after their steep drop in June, while single-family starts slipped 2.2% for the month. But the underlying home building trends remain upward. Single-family starts are up 15.4% over a year ago and the total number of homes under construction is up 30% versus a year ago.

Experts say the upward trend in home building should continue for at least a couple of years. They believe population growth and tear downs will require starts to ultimately rise to about 1.5 million units per year, most likely by 2015.This level of building puts the number of homes increasing at the same rate as the population. Building Permits headed up 2.7% in July, with permits for single-unit homes up 17.9% over a year ago.The National Association of Home Builders reported their Builders Confidence Index at its highest level since November 2005.

This Week’s Forecast

LEADING INDICATORS AND EXISTINGHOMES UP, NEW HOMES DOWN, AND THE FED SAID WHAT? Thursday expect to see the Leading Economic Indicators (LEI) index up for July following an upbeatExisting Home Salesreport on Wednesday. Unfortunately, the week will end with New Home Sales for July forecast at a slightly lower annual rate.

TheFOMC Minutesfrom the last Fed meeting will be scrutinized as usual to see if the central bank will start tapering its bond buying program in September. This could send mortgage bond prices down and edge mortgage rates up.

The Week’s Economic Indicator Calendar

Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.

Frank Yan states that the material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice or a commitment to lend