The company manages 35,000 to 36,000 properties with 15-16% annual growth, but its HOA division is expanding at 60% per year. The speaker credits this to limited competition and fewer property managers focused specifically on homeowners associations.
We've got about 35,000 network doors being managed, maybe around 36,000. That pillar is growing at a rate of about 15 to 16% year over year. That's very good. That's— yeah, it's remarkable. Yeah, it's higher than what I think our industry property managers average by quite a bit. So we're proud of that. But it's nowhere near the growth of our fastest growing pillar, which is HOA. And our franchisees that get into HOA, are growing at about 60% year over year. And that's probably because we just don't have a lot of competition and there's a lot less HOA property managers out there than there are residential property managers.
