Peter Lohmann managed an 18-unit HOA for two years and won't do it again. HOA management is nothing like rental property management, he says. It's closer to project management, and that's the skill set you need to hire for.
We managed a single HOA once. It was 18 doors. We did that for 2 years and I said, bye-bye, never again. A lot of people want to lump it in with residential property management, and I even end up doing some consulting with people who are trying to do both, or they're trying to do condo or HOA management, and they're sort of trying to get my advice. And I'm always trying to tell them, like, I don't know hardly anything about that business. It's a very different business from my limited experience. Even though it's quote property management, it's not rentals. And so it is, is, is different.
Yeah. I always call it, it's more of a project management than property management. And when I looked for hiring property managers, you know, for HOA management, I always look for someone who has a strong background in project management.
Yeah.
