HOA Management Company
Manage emails, collect fees — $40K/month isn't unusual
HOA (Homeowners Association) management companies handle the day-to-day operations of residential communities: collecting dues, managing vendors, enforcing rules, and coordinating repairs. The model charges $50-$100 per 'door' (unit) per month. Sign 400 doors and you're billing $240K-$480K/year for what amounts to coordination, communication, and vendor relationships — not physical work.
Avg Revenue
$350K
Profit Margin
35%
Acquisition Multiple
2x - 4x
Startup Cost
$10K - $50K
Difficulty
3/5
How It Works
You sign management agreements with HOA boards (typically 1-3 year contracts). Responsibilities include collecting monthly dues, managing the association's budget, coordinating repairs with vendors, sending violation notices, and running board meetings. Revenue is a monthly per-door fee plus ancillary charges for special projects.
Revenue Range
Real Acquisitions in This Category
SBA 7(a) change-of-ownership loans · NAICS 531311 · Residential Property Managers
Deal Size Distribution
Deal Flow Over Time
Financing Profile
Recent Comparable Deals
| Closed | State | Loan | Implied deal | Jobs | Franchise |
|---|---|---|---|---|---|
| Dec 2025 | TX | $471K | $554K | 4 | — |
| Dec 2025 | OR | $130K | $153K | 3 | — |
| Dec 2025 | NY | $283K | $333K | 3 | Real Property Management |
| Dec 2025 | CT | $700K | $824K | 10 | PMI |
| Nov 2025 | FL | $1.1M | $1.3M | 5 | — |
| Nov 2025 | IN | $2.5M | $2.9M | 95 | — |
| Nov 2025 | CO | $100K | $118K | 5 | — |
| Sep 2025 | CA | $1.8M | $2.1M | 6 | — |
| Sep 2025 | CA | $1.9M | $2.2M | 5 | Real Property Management |
| Sep 2025 | FL | $1.2M | $1.4M | 4 | — |
Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.
Pros
- +Pure management revenue — no physical labor
- +1-3 year contracts create very sticky recurring revenue
- +Each new community multiplies revenue without proportional cost
- +Average 400-door management company earns $300K-$400K/year
Cons
- -Dealing with difficult homeowners and board politics is constant
- -Requires state licensing in many jurisdictions
- -Reputation risk — one bad community can generate vocal complaints
Best For
Organized operators who can manage relationships, vendors, and finances simultaneously
Operating Costs
Costs include property management software ($200-$1,000/month), a small admin team as you scale, office or home office space, insurance, and licensing. Very low capital requirements relative to revenue.
SBA Financing Estimator
Adjust the deal — see if it cash flows after debt service
Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.
Where to Buy
Find HOA and property management companies for sale
Browse property management business acquisitions
Acquisition Score
Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.
Quick Facts
- Category
- service
- Difficulty
- 3/5
- Buy price
- $700K–$1.4M
Buyer's Toolkit
Essential tools to get started
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