Answers for Boards
How much should an HOA management transition cost us?
Two separate numbers, and they are frequently confused. The outgoing company may charge a transition or termination fee, commonly from a few hundred to several thousand dollars. The incoming company may charge onboarding or initiation, which published industry sources put anywhere from a couple thousand dollars to $30,000 depending on size and the state of the records.
Both are negotiable, and the incoming fee is the more negotiable of the two — particularly if you are running a competitive process where a bidder knows others are waiving it.
General information for Board members, not legal advice. State law and your governing documents control, and both vary.
Board briefings, roughly monthly
Statutory deadlines, contract terms worth knowing about, and what we learn from proposals. No sales email, and we do not sell the list.