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
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.
Where to Buy
Find HOA and property management companies for sale
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Quick Facts
- Category
- service
- Difficulty
- 3/5
- Acquisition Price
- $700K - $1.4M
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HOA Management Company
$350K/yr • 35% margins • 2x–4x multiple
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