Editorial Board   Guest Author

Mr. Szymczak

Todd Szymczak

Senior Vice President, NAI Farbman / Farbman Group

Todd Szymczak has been with the Farbman Group since 2005. He has developed a strong reputation for accurate valuations for many sellers who are looking for direction on their real estate holdings.

Mr. Szymczak's sales experience has included both distressed and stabilized properties, including a large number of multifamily transactions, small businesses with real estate, mobile home communities, hospitality, senior living, industrial, office and retail. He is a member if the NAI Global Investment Services Group, which exposes listings to a network of elite investment sales brokers within the NAI network who are working for buyers actively looking to make investments.

Prior to joining Farbman Group, Mr. Szymczak spent several years as a mechanical engineer and supervisor in the automotive industry, as well as owning several small rental properties. Always an engineer at heart, he feels this background experience gives him a strong understanding of real property construction and maintenance issues, as well as financial analysis.

Mr. Szymczak earned his Bachelor of Science in Mechanical Engineering from the University of Michigan's College of Engineering in 1997. He continued on to earn his Master of Business Administration from the University of Michigan's Ross School of Business in 2005. Todd is a licensed real estate salesman in the State of Michigan.

Please visit http://www.farbman.com for more information.

Linkedin Profile: https://www.linkedin.com/company/farbman-group/

Mr. Szymczak can be contacted at +1 248-351-4378 or Szymczak@Farbman.com

Coming up in December 2020...

Hotel Law: Protecting Guest Privacy

Every business is obligated to protect their customers from identity theft but unfortunately, data breaches have become all too common. In an effort to protect a guest's right to privacy and to safeguard their personal data, the European Union passed a General Data Protection Regulation (GDPR) that could hold hotels legally liable for any breaches that expose a customer's sensitive personal information. Though the GDPR only pertains to EU citizens' data, any international business that mishandles their data can be legally responsible. Another legal issue of concern is the fight involving hotel "resort fees." Several states attorney generals have recently filed suit against two major hotel chains in an effort to litigate this practice. Their suit alleges that these companies are "engaged in deceptive and misleading pricing practices and their failure to disclose fees is in violation of consumer protection laws." The suit seeks to force the hotel chains to advertise the true price of their hotel rooms. There are several other legal issues that the industry is being forced to address. Sexual harassment prevention in the workplace is still top of mind for hotel employers-particularly in New York and California, which now statutorily require harassment training. Hotels and motels in California will also soon be required to train all their employees on human trafficking awareness. Immigration issues are also of major concern to hotel employers, especially in the midst of a severe labor shortage. The government is issuing fewer H2B visas for low-skilled workers, as well as J-1 visas for temporary workers. Though there is little hope for any comprehensive immigration reform, hotel lobbying groups are actively seeking legal remedies to alleviate this problem. These are just a few of the critical issues that the December issue of the Hotel Business Review will examine in the area of hotel law.