The Largest HOA Management Companies

Homeowners Associations (HOAs) play a pivotal role in maintaining the quality, value, and satisfaction within residential communities. Effective Management of these associations requires a blend of financial acumen, legal compliance, community engagement, and property upkeep. Here we explore some of the largest and most reputable HOA management companies, recognized for their comprehensive service offerings and impact in the industry.

How Much Does an HOA Company Charge?

HOA management companies typically charge fees for their services, which can vary depending on factors such as the type of services provided, the size and location of the community. These fees generally range from $10 to $20 per unit per month. However, more reputable companies offering enhanced services may charge higher fees, ranging from $20 to $50 per unit per month. It's important to note that fees can differ based on the specific services offered and the size of the community.

In addition to regular monthly fees, there may also be initiation fees, which can range from several thousand dollars to tens of thousands of dollars. Furthermore, extra service fees may apply for specific additional services.

• Powerstone Property Management

  • Location: Irvine, CA
  • About: A leader in the Californian property management sector since 1993, Powerstone is celebrated for its exceptional service in the common interest development industry.

• MSI, LLC

  • Location: Westminster, CO
  • About: Since 1983, MSI has been offering full-service management for homeowners associations and metropolitan districts in Colorado, known for its comprehensive association accounting services.

• The Management Trust

  • Location: Irvine, CA
  • About: Emphasizing integrity, trust, and experience, The Management Trust is committed to building and maintaining vibrant communities.

• The Building Group, Inc.

  • Location: Chicago, IL
  • About: With over 20 years in residential property management, The Building Group manages a diverse portfolio from historic to modern properties in Chicago.

• County Management Services (CMS)

  • Location: Trumbull, CT
  • About: CMS offers full-service commercial and residential property management, known for its commitment to professionalism and comprehensive management approach.

• Preferred Community Management Services, AAMC

  • Location: Somerset, NJ
  • About: Providing expert property and financial management, Preferred Community Management Services caters to community associations with a focus on state-of-the-art solutions.

• FirstService Residential

  • Locations: Various, including Chicago, IL
  • About: A leader in property management services, FirstService Residential balances multiple priorities to offer streamlined community leadership solutions.

• Lordon Management

  • Location: Covina, CA
  • About: Specializing in forward planning and community building, Lordon Management focuses on strengthening the financial base and neighborhood unity within associations.

• Cedarcrest Property Management

  • Location: Fairfield, NJ
  • About: Cedarcrest emphasizes professional and cost-effective management to maintain and enhance property aesthetics and operations, surpassing board expectations.

• Griffin Alexander, P.C.

  • Location: Randolph, NJ
  • About: With a rich history in Community Association law, Griffin Alexander, P.C. brings over 50 years of experience, representing a vast number of Community Associations and Apartment Complexes.

• Cushman & Wakefield

  • About: Esteemed in the real estate industry, Cushman & Wakefield offers diverse property management services, covering a broad spectrum of property types.

• Colliers International

  • About: Colliers International is recognized for its strategic property management services, aimed at maximizing property value and investment returns.

• Greystar Real Estate Partners

  • About: Specializing in residential property management, Greystar boasts a substantial portfolio, managing numerous apartment complexes and student housing facilities.

• Lincoln Property Company

  • About: A major player in the U.S. property management scene, Lincoln Property Company offers extensive services, especially in the residential property sector.

These companies demonstrate a blend of extensive experience, innovative management strategies, and a deep commitment to community enhancement. Their services range from financial management and legal compliance to community engagement and maintenance, making them some of the most influential and respected firms in the HOA management industry.

Citations:

1. Hubilo. (2023). Top 15 Association Management Companies in the US. Retrieved from https://www.hubilo.com/blog/list-of-association-management-companies-usa.

2. CommLoan. (2023). Top 20 Property Management Companies of 2023. Retrieved from https://www.commloan.com/research/top-property-management-companies/.

3. Zaheer, A. (2023, January 27). 11 Largest Property Management Companies in the US. Yahoo Finance. Retrieved from https://finance.yahoo.com/news/11-largest-property-management-companies-154251855.html.