HOA Management Cost Calculator

Frequently Asked Questions

How accurate is the cost comparison?

The calculator uses industry-average management company rates of $10–$20 per unit per month, which reflects what most full-service management companies charge in mid-sized U.S. markets. Your actual rate may be lower in rural areas or higher in coastal cities. LotWize pricing is based on published flat-rate plans.

What does a traditional HOA management company actually do?

Full-service HOA management companies handle dues collection, vendor coordination, violation enforcement, financial reporting, meeting support, and owner communication. They typically charge a flat monthly fee per unit, often plus transaction fees on payments and markups on vendor invoices.

What is the difference between the Flat and Hybrid LotWize plans?

The Flat plan is a fixed monthly fee regardless of payment volume — best for communities that want predictable costs. The Hybrid plan charges a lower base fee plus a 1% processing fee on homeowner payments, which can be cheaper for communities with lower payment volume or that prefer to pass processing costs to payers.

Can I manage a larger HOA without a management company?

Yes — many communities of 100–300+ units successfully self-manage with the right software. The key is having automated dues collection, a violation workflow, and proper financial reporting. LotWize was built specifically for boards that want to stay self-managed without the spreadsheet chaos.

Does the calculator include HOA attorney or reserve study fees?

No — the calculator focuses on the ongoing management fee portion only. One-time costs like reserve studies, legal reviews, and insurance are not included. Those costs apply equally whether you self-manage or use a company.