Tricom works in partnership with the resort to generate profit for the associations through global rental channels, resales and on-site revenue centers. One key objective for associations and management companies is to preserve the assets of the owners. Since 1979, Tricom has extensive experience planning, budgeting, and forecasting the needs of timeshare resorts. Tricom’s financial team are experts in collaborating with the resort teams and associations board of directors to create detailed financial and operational plans. Tricom also has extensive experience in bulk purchases, escrow transactions, effectively managing delinquencies to under 3-5% per resort, foreclosures and monitoring owner mortgage accounts.
- Annual Operating Budgets
- Reserves Management and Analysis (when to replace, cost of replacement and more)
- Monthly Financial Statements and Variance Analysis
- Monthly Profit and Loss Statements, Balance Sheets and Bank Account Summaries
- Reconciliation of All Accounts Payable and Receivable
- Compliance with all State and Federal Laws, and Department of Real Estate Directives
- Inventory Management with Deed and Title Coordination
- Business Planning
- Cash Flow Forecasting
- Cash Management and Investing
- Assessment Billing and Collection
- Delinquency Collections for Notes and HOA Dues
- Generate On-going Delinquency Reports
- Default Management, Deeds-in-Lieu, Foreclosures
- Diligent Monitoring of Accounts
- Maintenance Payments Online
- Tax Forecasting
- Standard and Custom Portfolio Reporting
- Note Processing
- Finance
- Process Payroll and Generate Federal and State Tax Returns
- Generate Utilization Reports
- Coordinate Annual Audit and Tax Preparation
- Full Accounting Services (general ledger, aged accounts and more)
