Startup Acquisition Stories With Hussein Reda, Founder of Propty

Here’s a fun stat for you, the homeowner association (HOA) industry in the US alone was worth $38.8 billion in 2023. Hussein Reda tapped into some of that value during the Covid lockdowns when he created his startup, Propty, to help HOA meetings run meetings and vote remotely. Pre-Covid, Hussein had just purchased his first property in an apartment building. He learned a lot of maintenance was done through HOAS, aka, groups that manage properties in specific buildings/neighborhoods. Once Covid hit, everyone was trapped inside and began attending HOA meetings since now they had lots of time to think about their homes. Hussein saw an opportunity, created Propty, and used his HOA as his first free test customer. Propty went through two years of ups and downs including embarrassing meetings with 500+ members where not everyone could connect. Everything was made more complicated by the fact that HOA meetings only happened once a year. However, after persistent effort, Hussein secured his first paying customers by mid-2023. Finally, Hussein sold Propty on Acquire.com in 2024 when he realized he didn’t know how to scale any further. Now he’s working on a project with blockchain technology to facilitate payments for underbanked countries. Tune into this week’s SASP as Andrew and Husseing discuss: The hidden gem of the HOA industry Why boring businesses are the best money-makers Why Hussein thinks Acquire.com sales beat other online sales forums Hussien is just getting started and you can follow his journey below: https://www.linkedin.com/in/hussein-reda/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Be sure to subscribe to see the newest acquisition stories every Tuesday and gain the knowledge to buy or sell your own online business → here Want more stories? Access the past 50+ acquisition stories here → here Thinking about selling your own startup? The number one question is always 'how much can I sell for' and we've got the answers in our biannual valuation multiples reports here → here Thinking about buying a startup? Sign up for a free buyer account and browse all the live listings. Upgrade only when you find the right one that fits your acquisition criteria to engage. Get Started → here ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Follow the Guest: Hussein Reda   ► https://www.linkedin.com/in/hussein-reda/⁠ Follow the Host: Andrew Gazdecki -  ► https://twitter.com/agazdecki​ ► https://www.linkedin.com/in/agazdecki/​ ► https://acquire.com Follow Acquire.com - ► https://twitter.com/acquiredotcom ► https://www.linkedin.com/company/acquiredotcom ► https://www.tiktok.com/@acquiredotcom ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ About Acquire.com: Acquire.com is the largest and most active acquisition marketplace for buying and selling online businesses. Acquire.com is the highest rated platform for both ease and quickness to match buyers and sellers.  We cater to all types of online, revenue-generating businesses while producing the highest success rates for SaaS and eCommerce/DTC businesses in the M&A industry. Join over 350,000 entrepreneurs making life-changing connections and deals everyday.