course description
community management companies historically lag behind multi-family and single-family management companies when it comes to utilizing ancillary revenue sources outside of management fees. this course will discuss key ideas to help build your community management revenue and provide valuable services to community members and hoa boards.
learning objectives:
- determine the percentage of income you want your company to acquire through management fees vs. ancillary revenue
- explore additional revenue streams that can help augment your hoa income
- develop an owner benefit program to provide a win for your property management company and your homeowners
- discuss the most common ancillary businesses that work well with community management businesses
review our course policies and procedures page for further information