HOAworks is a cloud-based software platform designed to assist self-managed homeowner associations (HOAs). Founded in 2022, the company aims to simplify the complexities of HOA management by integrating essential functions such as financial management, communication, document storage, and resident engagement into one user-friendly system. Headquartered in Knoxville, Tennessee, HOAworks serves a global clientele, providing tools that enhance transparency, efficiency, and community engagement.
HOAworks was founded by Frank Sette in June 2022, driven by a vision to revolutionize HOA management. The company has grown steadily, now employing around 13 people. Despite being relatively new, HOAworks has made significant strides in the industry, leveraging its founders' extensive experience in residential customer service and software solutions.
HOAworks has raised a total of $300,000 in funding through an angel investment round completed in July 2022. This funding has been instrumental in developing and expanding the platform's capabilities. As of now, HOAworks is generating revenue but is not yet profitable.
HOAworks offers a comprehensive suite of tools designed to streamline HOA management. Key features include:
AI Integration: Predictive insights, automated communications, and detailed reporting.
The platform is available in three pricing tiers: Software Essentials ($29/month), Accounting Edge ($99/month), and Community Management ($199/month), making it an affordable solution for various HOA sizes.
While HOAworks has not made any acquisitions to date, it continues to expand its product offerings and features. The company focuses on integrating advanced technologies and enhancing its platform to meet the evolving needs of its users.
HOAworks regularly updates its platform to introduce new features and improvements. Recent updates include enhanced AI-driven analytics for better financial forecasting and maintenance management, as well as improved communication tools to facilitate better resident engagement. The platform also now supports secure online payments and electronic voting, ensuring compliance with regulatory requirements.
HOAworks prides itself on a customer-first approach, emphasizing loyalty, understanding, and value (L.U.V.). The company is committed to fostering transparency, efficiency, and strong community engagement. Its mission is to empower HOA boards with the tools and support they need to create thriving, well-managed communities. HOAworks values innovation and continuous improvement, striving to exceed customer expectations and build lasting relationships.
HOAworks serves a diverse user base, including small to mid-sized homeowner associations across various regions. The platform is particularly popular among self-managed communities looking for an affordable and efficient management solution. HOAworks has received positive feedback from users, who appreciate the platform's intuitive design and comprehensive support. The company also fosters a strong community by providing resources and support to help HOAs succeed.
