How much should an HOA management transition cost us?
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.
The costs Boards forget are the third category, and nobody invoices for them: new bank accounts and signature cards, the first assessment mailing under the new company, coupon books or payment portal changes for every owner, and updating anything physically carrying the old firm's name. Budget a modest contingency for it rather than being surprised.
Compare onboarding inside the three-year total, never as its own line. A waived fee attached to a higher monthly rate is not a discount, and a Board comparing only the headline number will not see the difference.
General information for Board members, not legal advice. State law and your governing documents control, and both vary.
More on switching companies
- How long does it take to switch management companies?
- What does it cost us to leave a management company?
- What records should the outgoing company hand over?
- What happens to our data if we leave a Management Company?
- What happens to our on-site staff if we change management companies?
- Who owns our association website and email addresses?
The RFP template, scope checklist, interview scorecard, notice calendar and transition checklist your Board would otherwise build from scratch. No email address, no signup, nothing sent to you afterwards.