Analysis
At Select, we are committed to achieving financial results. Through long-term business and marketing plans and our proven systems for forecasting daily, weekly and monthly revenues and expenses, we manage your property for maximum cost efficiency. Our fully computerized centralized accounting system allows us to report all financial matters on a timely basis. Graphs and charts augment our financial (by the numbers) analysis of key indicators for success. Integration with Industry trends allow evaluation of your property’s performance as it compares to similar properties within the market. Comparisons with historic information provide insights to explain current trends. Financial analysis helps our management team identify weaknesses to be addressed before problems create a crisis.

Development of Control Systems
Control systems include computerized systems as well as manual and procedural systems. We will implement procedures to safeguard assets and assure proper revenue and expense recognition. In today’s technological environment, we will assist in the selection of appropriate computer systems to control front desk operations. In addition, management controls include procedures for handling guest concerns, personnel matters, and security issues.

Accounting Services
Our centralized accounting system provides for quality accurate accounting for property transactions. Our staff of professionals possess years of business and industry experience as well as educational backgrounds and CPA designations. Our accounting services are also available as a stand-alone service. We typically manage the cash position, forecasting cash needs, process all vendor billings and issue all checks. The processes are all integrated which eliminates any concerns for lost transactions or failure to record activity. Our reports are tailored to the Industry comparing actual to budget and prior year for each month and year-to-date. The accounting service is one of our strongest capabilities and a key to providing quality management.

Insurance Services
We live in a litigious society. Securing proper insurance coverage with appropriate liability limits as well as adequate property coverage at the lowest cost is always our goal. Making sure proper procedures are in place to document accidents and employment related events is critical in taking an aggressive approach to protecting the property. We take advantage of insurance markets which are always changing by utilizing our contacts and expertise in risk management for the benefit of our managed properties.