Self Managing Your Community Association Can Be as Risky as Harrison Ford Navigating a Plane

Sorry. For the record, I'm disclosing that I'm biased in my opinion about self managed community associations.   Unashamedly.  Unapologetically.  There I said it. It's  hard not to take a stand when I see the potential repercussions from a homeowner or condominium association taking on the challenges, responsibilities, and yes, the liabilities, that come with overseeing a non profit corporation which is exactly... Continue Reading →

Beacon Management – Creating a Vision for the Future

Several Beacon employees enjoyed a night of conversation and goal setting at the Atlanta Women's Network event at The Buckhead Club.   Through the guidance of a life coach, we each created our own Vision Board using images and phrases that impacted us personally.   You need a roadmap in order to reach your destination!

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 →

Beacon Management Services Topic of the Day: FHA Financing Available for Condos ONLY if Entire Building Qualifies

Condo associations are still struggling to meet Federal Housing Administration certification requirements for mortgages insured by the federal agency. Here's the latest FHA condo certification news. Can Your Condos Meet FHA Rules? The FHA guarantees home loans offered through conventional lenders. FHA loans allow homebuyers to use a smaller down payment and sometimes to have... Continue Reading →

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