Atlanta Condo and HOA Management – Beacon Management Services
Atlanta Condo and HOA Management Experts Specializing in Residential, Multi-Family, Condominium and Mixed-Use Communities
A Condominium is a type of property, usually attached, where owners own their unit and a portion of private land that sits on the facilities such as swimming pools, surrounding landscape and clubhouses. All Condo buildings have associations policies governing the condominium project, allocation of routine maintenance costs, and collect monthly, quarterly or annual... Continue Reading →
Assessments – commonly known as HOA dues - are the lifeblood of any Homeowners and Condominium Association. Each association has different policies. This is why it’s wise to ask for a list of the HOA rules and regulations. In general, these are some of the costs that can be covered by HOA or Condominium fees:... Continue Reading →
Insurance seems to be on everyone's minds these days. And why not? Premiums seem to be increasing while coverage for home and property is not. Beacon Management Services recently held an informative meeting for one of its properties with representatives from a major insurance company to discuss the topic of the day. A major point of... Continue Reading →
Beacon Management Services was selected to manage White Provision Residences, a new high rise condominium developed by Jamestown Properties. Located at the corner of 14th Street and Howell Mill Road in midtown Atlanta’s trendy Westside district, Beacon assumed management of the award-winning development on August 1, 2013. White Provision Residences was the winner of the... Continue Reading →
There are two components of a reserve study—a physical analysis and a financial analysis. During the physical analysis, a reserve provider evaluates information regarding the physical status and repair/replacement cost of the association’s major common area components. To do so, the provider conducts a component inventory, a condition assessment, and life and valuation estimates. A... Continue Reading →
Plan development is the first component of strategic planning. During this stage, the following steps should be completed. 1. Assess the association’s history and significant accomplishments. Develop a history of the association. List important milestones that brought the association to where it is today. In order to help visualize how the association has changed over the... Continue Reading →
Today it is more important than ever to have a well-thought-out succession plan in place for your association’s board of directors. Your condominium or HOA management company should help craft a succession plan that requires a thoughtful planning process. It should consider a new board member’s competencies, experience, background, and fits with your existing board. In addition, board... Continue Reading →
Condominium owners should have a definite understanding of the insurance provided by their condominium and what insurance they need to purchase to protect their home. It’s always a good idea to be prepared before your purchase, so read your condominium documents ahead of time (atleast the section on insurance) and obtain a copy of the... Continue Reading →
