NOVEMBER - JANUARY6 Copyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorHayden Carr*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizersAsher BlakeEmail:sales@realestatebusinessreview.comeditor@realestatebusinessreview.commarketing@realestatebusinessreview.com NOVEMBER - JANUARY , Vol 04 Issue 10 (ISSN 2831-8447) Published by ValleyMedia, Inc.To subscribe to Real Estate Business ReviewVisit https: www.realestatebusinessreview.com EDITORIALHomeowners associations (HOAs) are evolving to meet the changing needs and preferences of homeowners. They started embracing technology to streamline communication, management, and operations.Smart home technology is becoming more prevalent within HOAs. Residents are interested in features like keyless entry systems, security cameras, and smart thermostats. HOAs are adapting to accommodate these preferences and develop guidelines for the responsible use of such technology. Many HOAs now offer online payment options, community forums, and virtual board meetings. This shift towards digital solutions not only enhances convenience but also increases transparency and community engagement.According to Verified Market Reports, the global HOA software market is estimated to grow at a CAGR of 8.4 percent during the forecast period from 2020 to 2027. The market is expected to reach a market valuation of $11.42 billion by 2027, from $6.59 billion in 2020. The increasing need for efficient management of shared assets and property in residential communities is driving this market.Sustainability has become a prominent theme in HOAs. From energy-efficient lighting to community gardens, associations are taking steps to reduce their environmental footprint. As climate change concerns grow, expect to see more HOAs adopting green initiatives and eco-friendly policies.This edition of Real Estate Business Review offers an insightful vantage point into the recent developments in the realm of HOA, shedding light on how organizations are aligning themselves with these trends and pioneering innovative pathways toward the future.We have curated thought leadership articles from industry experts, including David Faulkner, General Manager for Property Management at Property Brokers and Abby Hesman, Vice President of Property Management at Picerne Real Estate Group.We also took a deep dive into the market trends to narrow down the list of companies providing exceptional HOA services. Equipped with innovative technological capabilities, companies like CASA, MAC GROUP, Red Rock HOA Management, Vanguard Management Group, and Total Professional Association Management (TPAM) help transform businesses at cloverleaf of various disruptive technologies.We hope this edition of Real Estate Business Review will help you find the appropriate company suited to your business requirements.Let us know your thoughts!Embracing the Power of HOAsHayden Carr Managing Editoreditor@realestatebusinessreview.com
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