Is a $4,000 investment realistic to start an HOA management company in California?

An investment of $4,000 is realistic, if I become your partner and also invest $4,000. A total budget of $8,000 should be sufficient.

 

Does the potential exist for making a substantial income in the HOA management business?

Yes. However, it will not happen overnight. HOA management companies start to generate significant earnings when they reach about 30 HOA accounts which requires two or three managers depending on the size of the properties.

 

Is a California real estate brokers license required to operate an HOA management company?

No. A real estate brokers license is required to manage rental properties, not homeowner associations.

 

Will I need an office?

No. Until you are very large, you can easily operate your HOA management business from your home. An office will never be required if you partner with us.

 

I have a construction background. It is feasible to offer construction and maintenance services to homeowner association clients?

Absolutely. Offering these services can be very profitable and is definitely a positive factor.

 

Are you willing to partner with someone anywhere in California?

Yes, provided we do not already have a partnership arrangement in the immediate area.

 

I have property management experience, but no accounting experience. If I partner with you, will you handle all accounting responsibilities and escrows?

Absolutely. We own a small accounting firm that can handle all accounting and escrow functions.

 

How many years of HOA management experience do you have?

I have more than 34 years of homeowner association management experience and more than two decades of experience owning and operating my own law firm that focused on HOA and real estate law.