After fifteen years of laser focus and success at building and retaining community association relationships, today, with over 65 homeowners’ associations throughout greater Los Angeles County, the Company’s owners are offering its HOA Property Management Corporation Subsidiary, its book of business, managers and URL for sale.  Owners are selling so they can focus 100% on their real estate investment portfolio activities.

80% of community association clients are located within the city of Los Angeles. North Hills, Canyon Country, Castaic, Sherman Oaks, Redondo Beach, Santa Monica, Whittier, Cudahy, Encino, North Hollywood, Marina Del Rey and Studio City-HOA managed property locations within LA County make up the balance.

“HOA management is a steady flow, low fluctuating industry wrought with client demands. We are fortunate to have the privilege of working with clients who appreciate us and value our expertise,” said one of the founding partners.

Each association is under current and auto-renewable management contract by its HOA management corporation. No state licensing is required for ownership of association management activities and oversight. A city business license is required. A right-fit acquirer of these operations is currently within the HOA management space and understands the intricacies of operations specific to this service niche.

Each community client has one operating account and one reserve account. All clients’ banking accounts are housed at one bank under the bank's HOA banking division. Accounts are fully integrated between the HOA client and the managing Company.

The Company receives two to three RFPs each month from various community associations. Services provided are offered at two service pricing levels: Financial Management and Full-Service Management. Detailed descriptions of services provided by the Company at these levels is provided post-NDA.

A most advantageous buyer of this solid book of business is an existing company already providing similar services, which will receive an instantaneous $500,000+ boost in annual sales revenues. A buyer of this sort will undoubtedly avail themselves further reductions within operating expenses, additionally improving bottom line net operating incomes. Standard operating expenses like rent, software subscription fees, office supplies, insurances and payroll expenses for example, can fold into expenses already incurred by a buying entity.

Furthermore, a buyer of the Company’s books and records should have HOA experience, rental management experience and be accounting oriented/savvy. Generic business management experience, likened to “expertise at managing the managers” would be a boon for the right buyer too.

Ways to Scale Growth and Add Revenue Streams

Create an in-house property maintenance division. Current operations outsource all property maintenance and repairs at no cost to clients.

Create an additional revenue service for physical home inspections, as required by lenders, of homeowner units under sale or refinance.

Since each HOA is a corporation, create an additional revenue service of providing completion of annual tax returns via inhouse CPA.