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Asset Management

 Review or evaluate:

·                     Annual operating budget

·                     Annual capital budget

·                     Annual marketing plan

·                     Monthly 90-day forecasts

·                     Monthly profit and loss statements and balance sheets

·                     Physically inspect the properties once a quarter to evaluate the deliverance of

·                     service and overall appearance of the property

·                     Repairs & Maintenance program:

_        Preventative maintenance of all mechanical equipment

_        Rooms program

_        Energy conservation program

·                         Risk Management program:

_        To control property’s liability insurance premium

_        To minimize the property’s modifier rate with its Worker’s Compensation Carrier

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