Despite the lack of any barriers to taking up HOA management as a career, management companies struggle to find competent managers. The lack of legal requirements to become an HOA manager results in a massive disparity of qualifications in the profession, and many HOA boards gravitate toward cost instead of credentials and service level. Until the state takes up manager licensing, homeowners are largely unprotected.
In California, there is no license required to become an HOA manager. But to become a property manager, a Broker's license is required. California DRE Brokers are accountable to the Department of Real Estate, and must strictly follow rules regarding holding funds including no commingling of funds and proper bookkeeping. Also, even though California considers HOA management as managing people not property, property managers tend to have a network that HOAs need for their common area maintenance.
At Keybox, we have a great local network in Santa Monica and across Los Angeles, managing properties as well as small HOAs, providing an ideal administrative partner for the HOA Board.