Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

3,118
Posts
2,196
Votes
Richard F.#5 All Forums Contributor
  • Honolulu, HI
2,196
Votes |
3,118
Posts

Are there any other licensed PM "managing agents" for HOA/COA Boards ?

Richard F.#5 All Forums Contributor
  • Honolulu, HI
Posted

Surely there must be someone else with experience on that side of the desk! Association Management does require a very different skill set and knowledge base, but, from a PM standpoint, if you have shared ownership communities in your state, they are great for cash flow! You do need to dot your i's and cross your t's properly, so solid systems are necessary, but generally easy to adapt to existing rental processes.

The biggest issues are that you need to develop a deep understanding of reserves and their funding as relates to the requirements of different states and the true financial condition of the project; and, depending on the size and amount of participation of the membership, you need some understanding of Parliamentary procedures.

There are often discussions on this site that touch on Condos/HOA's, and could often benefit with more than one point of view.