HOA & Condo Association Management

Manage homeowner associations and condo communities

Startup Cost
$15,000-$50,000
Difficulty
Advanced
Time to Profit
10-18 months
Profit Potential
$15,000-$67,000/month

Overview

HOA management companies charge $12-$35 per unit monthly or $1,500-$5,000 monthly per community.

Managing 15-40 communities (500-2,000 units) generates $180,000-$800,000 annually with 55-70% margins after staff and operational costs.

In 2025, HOAs and condo associations need professional management handling finances, compliance, vendor coordination, and board support.

Services include financial management and accounting, board meeting preparation and attendance, compliance and legal requirements, vendor management and bids, violation enforcement, community communications, meeting minutes and records, architectural review coordination, and reserve study management.

Successful HOA managers understand community association law, maintain organized financial records, communicate effectively with boards and residents, coordinate maintenance and vendors reliably, and handle difficult personality dynamics.

Most companies manage 20-40 communities with regional managers.

Can start managing 5-10 smaller communities.

Pricing per unit ($12-$35) or per community.

Contracts typically 1-3 years.

Marketing through HOA boards, community management conferences, and industry associations (CAI).

Required Skills

  • HOA Law & Regulations
  • Financial Management
  • Board Relations
  • Meeting Facilitation
  • Vendor Management
  • Compliance

Pros and Cons

Pros

  • Recurring monthly revenue from community contracts
  • Long-term contracts (1-3 years) provide stability
  • Scalable with portfolio managers
  • Professional business-to-business relationships
  • Less tenant drama than residential rentals

Cons

  • Dealing with demanding board members and politics
  • Evening board meetings required (6-9pm typical)
  • High liability for financial and legal compliance
  • Need community management license in some states
  • Competition from large established HOA companies

How to Get Started

  1. Get community association manager certification (CMCA)
  2. Learn HOA law and financial management
  3. Invest in HOA management software (CINC, Vantaca)
  4. Target smaller HOAs (50-150 units) initially
  5. Attend board meetings and provide excellent service
  6. Build vendor network for community maintenance
  7. Scale to 15-40 communities with portfolio managers

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