

HOA Management Business for Sale – Sticky Revenue & Huge Potential!
29 snips Feb 14, 2025
Discover the fascinating world of HOA management, where a North Carolina company is thriving with nearly $2M in revenue. Learn how this business model benefits from 'sticky' revenue and long-term client relationships. The hosts delve into the differences between property and HOA management, exploring the challenges of governance and the potential for growth through AI and outsourcing. Can this model become a prime target for acquisition? Tune in for insights on profitability and scaling opportunities in a unique industry!
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HOA vs. Property Management
- HOA management involves overseeing financials, maintenance, and governance for multiple homeowners or condo associations.
- It differs from property management, which typically focuses on individual properties or landlord-tenant relationships.
Dysfunctional HOA Anecdote
- Mills Snell shares an experience with a dysfunctional HOA, highlighting the complexities and stickiness of HOA management.
- Despite the dysfunction, the HOA manager effectively handled financials and operations, demonstrating their entrenched role.
Sticky Revenue and Growth
- HOA management companies benefit from sticky revenue due to the difficulty of switching providers for associations.
- This stickiness, while advantageous for profitability, can hinder organic growth and make acquisitions a more effective scaling strategy.