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 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:

1. Accounting services including billing and the generation of financial reports for each HOA client;
2. Escrow services for buyers and sellers and owners who are refinancing their homes;
3. Delinquent assessment collections;
4. All of the forms, documents, and contracts that you will require;
5. A comprehensive operating manual and employee handbook;
6. Construction and maintenance advice;
7. Business development assistance including an attractive website;
8. Board training seminars as a business development tool;
9. 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