Start an HOA Management Company in California
Attention Real Estate Brokers: Start an HOA Management Company in California
Starting a homeowner association management company in California is not for every real estate broker, but it is absolutely achievable if you meet the following minimum criteria:
- You have at least two years of experience managing rental homes, apartments or commercial buildings in California;
- You have a basic understanding of the Davis-Stirling Common Interest Development Act, or you are willing to study it to become an expert;
- You have the ability to live with little or no income from your new property management company for six months from the day you start;
- You are able to invest at least $4,000 into your new business over 6 months and have a high quality computer and cell phone; and
- You are willing to work day and night for the first year after starting your new business.
I can provide the following to you on a contract basis:
- Accounting services including billing and the generation of financial reports for each HOA client;
- Escrow services for buyers and sellers and owners who are refinancing their homes;
- Delinquent assessment collections;
- All of the forms, documents, and contracts that you will require;
- A comprehensive operating manual and employee handbook;
- Construction and maintenance advice;
- Business development assistance including an attractive website;
- Board training seminars as a business development tool;
- Comprehensive training covering the following subjects:
- CC&Rs
- Bylaws
- Operating Rules
- Year End Disclosure Requirement
- Elections of Board Members
- HOA Insurance
- The Davis-Stirling Act
- Reserve Studies
Should you want to grow your new business at an exponential rate, I can also arrange to provide you with additional capital.
HOA management offers a reliable monthly stream of income that can even out the ups and downs of a real estate brokerage business.
Start an HOA Management Company in California
Call for a confidential discussion
Michael T. Chulak
818-991-9019
Start an HOA Management Company in California
818-991-9019