HOA Management Fees

I have a feeling we are paying too much for HOA Management dues. Would like to know how much other HOA's are paying. Do you pay per door or a flat fee or ? The management company collects dues, hold board meetings, takes care of reserves and spending reserves but that is about it. We pay $35. a door, what do the rest of you pay, and where are you? We are in Northern Calif

Thanks for responding Roger, we are paying $35.00 month/mgmt for 18 units and actually we are a TIC HOA. HOA dues are actually $385 which covers the monthly management fee. I'm getting the feeling most pay about 10% of annual budget, is that more realistic?

Hi Sharon, Thank you for the feedback, it helps. If you pay $2.25 door/per month, how much do you each pay per month for HOA dues, and how much do the homes sell for in your community? Thanks in advance for your response.

Joann,

Although I know that a small assn will generally pay more for any type service I do think you are being overcharged. I wouldn't be surprised that the mgmt fees are much higher in CA, but $35/mo per door is extremely high. My HOA pays around $4/mo per door. We have 1,702 homes and the home values range from $200,000 to over a million. BTW, the value of the homes has nothing to do with what the mgmt fee should be! I would suggest checking with other mgmt co's in your area. You can't compare apples to oranges so asking other HOAs what they pay will not give you a good idea of what your assn should pay, but seeing that no one pays anywhere near $35/mo per door should tell you something isn't adding up.