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 →
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 →
Beacon Management Services Topic of the Day: Does Your Condo Building Meet the New Fannie Mae Insurance Guidelines?
On December 28, 2011, Fannie Mae issued new insurance requirements on the condos securing the mortgages it will purchase. Here we give you a feel for the rules and discuss whether it's smart for your HOA to speak to an insurance broker to determine if your master insurance policy meets Fannie Mae's requirements. Why Should... Continue Reading →
Beacon Management Services Topic of the Day: Is Buckhead Leading the Atlanta Housing Market Recovery?
Atlanta's housing market is showing positive signs of recovery in several of the city's toniest neighborhoods. Home sales in the $1 million to $2.5 million and higher price range have seen a jump in activity. The Buckhead market, Atlanta's version of Beverly Hills, was one of the last markets to feel the effects of the recent economic... Continue Reading →
Beacon Management Services Topic of the Day: Really? Atlanta on the Same Par as Detroit?
Atlanta certainly has taken a beating in the local and national media over the past week. The latest Standard & Poor’s Case-Shiller Home Price Index report was released, ranking Atlanta second only to Detroit, with a price index of 88.93, down from a high of 136.47 in mid-2007. This represents the fourth straight month of... Continue Reading →
Beacon Management Services Topic of the Day: Is Atlanta’s Largest Condo Going Rental?
An affiliate of a Miami real estate company has reached an agreement to purchase the remaining unsold condos in Midtown’s 401-unit The Atlantic tower, according to sources familiar with the transaction. Crescent Heights is the buyer, according to sources. It’s unclear whether Crescent Heights will try to sell the remaining Atlantic units or convert them... Continue Reading →
Beacon Management Services Topic of the Day: Why Corporate Culture Eats Strategy’s Lunch
Get on a Southwest flight to anywhere, buy shoes from Zappos.com, pants from Nordstrom, groceries from Whole Foods, anything from Costco, a Starbucks espresso, or a Double-Double from In N' Out, and you'll get a taste of these brands’ vibrant cultures. Culture is a balanced blend of human psychology, attitudes, actions, and beliefs that combined... Continue Reading →
Beacon Management Services Topic of the Day: How Can We Save Money on Landscaping?
Landscaping Costs.....we provide three tips to help you reduce your landscaping costs. 1. Do a request for proposal (RFP) from landscapers. "Our greatest savings came from creating a four-page request for proposal for lawn care and debris removal," says Patrick Hohman, a 23-year HOA president at the 40-unit Seneca Park Condominium Association in Louisville, Ky. "It... Continue Reading →
Beacon Management Services Topic of the Day: Should You Appoint or Wait for an Election?
How should you fill a vacant seat on your homeowners association board of directors without creating headaches within your HOA. "First, look to your governing documents and state statutes to see if there's anything about how to handle an appointment procedurally," says Donna DiMaggio Berger, managing partner at Katzman Garfinkel & Berger in Ft. Lauderdale, Fla.,... Continue Reading →
Beacon Management Services Topic of the Day: Violence in a Community….Can You Stop it?
Watching the news seems to indicate that there is more violence, robberies and theft on the upswing. It's a reality we need to take seriously. "I learned from hard and tragic experience in the last couple of years in Florida," says the former lieutenant from the Broward County Sherriff's Department and current vice president of learning... Continue Reading →
Atlanta Condo and HOA Management - Beacon Management Services 