Business Opportunity For Sale, Montrose, Colorado

Remote Business Opportunity, no real estate or lease included! Become the owner of Source HOA, a highly reputable and sought-after association management company whose business is built on a full-service model for community management. HOA Managers are in high demand in Southwest Colorado – we receive, on average, 3-6 requests to manage new HOAs each month. There is only one other association management company in the area and their customers are approaching Source to take over management. Our business has low overheads, and most employees work remotely. Source uses cutting-edge, cloud-based association management software for all aspects of the business, providing a member and board portal as an added benefit. The software also provides a mailing service alleviating the need to manually post mail. All accounting tasks are performed in the software, including ACH AR & AP processes. Our portfolio includes 15 HOAs, ranging in size from 20 to 420 units including golf course communities, sub-associations, condominiums, and townhomes. According to recent data from the Foundation of Community Association Research, there are 358,000 community associations in the U.S. It is estimated that 70% to 80% of community associations are using management companies. Services include: • Governing Document Revisions • Policy Changes • Risk Management • Legislative Review and Implementation • Accounting services • Records Management • Meeting Coordination • Budgeting and Financial Reporting • Compliance Coordination • Insurance Compliance • Competitive vendor bids and RFPs • Website hosting and maintenance • Communications • Maintenance Coordination