What Baker & Associates, LLC does

Baker & Associates, LLC is a privately held, Maryland-licensed accounting firm (License #4367816) founded in 2008 and headquartered in Ocean City, MD. The firm delivers an integrated suite of property management, accounting, and administrative services to Condominium and Homeowner Associations across the Delmarva region (Maryland and Delaware), with a secondary line of business consulting for general clients including franchise evaluation, financial analysis, and M&A advisory. Core service modules comprise Financial Support (general ledger, billing, collections, vendor payments, monthly reporting, budgets, audit support), Administrative Support (board meeting attendance, minutes, owner communications, by-laws interpretation, records management), Property Management (delivered through experienced partners for maintenance, vendor oversight, and inspections), and Audits/Compilations/Reviews. A standalone Business Consulting practice and a third-party online dues-payment portal (rentpayment.com) supporting 30+ properties round out the offering.

The firm operates a sales-led, relationship-driven B2B go-to-market model, acquiring clients via direct outreach, referrals, website consultation requests, and memberships in CAI, MACPA, and the Ocean City Chamber of Commerce. Revenue is generated through customized professional-services fees across accounting, property management, and consulting engagements; no standardized pricing is publicly disclosed and engagement scope is tailored per client. There is no proprietary technology platform — service delivery is human-capital-intensive, with 19 employees executing the work directly.

The leadership team — Vonnie Baker, CPA (25+ years; Deloitte & Touche and ADVO, Inc. background) and Bob Baker, President (30+ years; previously President of a $25M company turned to ~$2M pretax profit) — constitutes the firm's primary differentiator and talent base. Customer evidence indicates associations have migrated to Baker & Associates from larger national property management firms citing superior service and cost-effectiveness. The firm holds no funding, no subsidiaries, and operates exclusively within its single Ocean City, MD headquarters.

Name

Baker & Associates, LLC

Legal name

Baker & Associates, LLC

Website

https://bakerocmd.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Baker & Associates, LLC is a Maryland-licensed accounting and property management firm founded in 2008, serving Condominium and Homeowner Associations across the Delmarva region with integrated financial, administrative, property management, and audit services, plus business consulting.

Ownership category

akta.pro rank

Product category

Condo/HOA Property Management and Accounting Services

NAICS

Offices of Certified Public Accountants (541211)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial/Office Owners Association Management (BPAJAHAG)

akta.pro secondary industries

Real Estate Advisory & Consulting (Strategy, Portfolio & Location) (FSAEAJAH), M&A Advisory (Buy-Side & Sell-Side) (BPAHAOAA)

Keywords

• Condo HOA management
• Association accounting services
• Property management consulting
• Audit compilation review
• Business advisory services

Headquarters

HQ city

Ocean City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Accounting and Auditing Services: Professional accounting services including audits, compilations, and reviews for Condo/HOA associations. Revenue generated through service fees for financial statement preparation, SEC reporting, and audit support.
2. Property Management Services: Full-service property management for condominium and homeowner associations including maintenance, vendor management, and administrative support. Revenue derived from management fees.
3. Business Consulting Services: Business consulting services including franchise evaluation, financial analysis, M&A advisory, and strategic planning for businesses. Revenue generated through consulting engagement fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Baker & Associates, LLC is a licensed Maryland accounting firm providing property management, accounting, administrative support, and audit/compilation/review services primarily to condominium and homeowner associations in the Delmarva area. It also offers standalone business consulting (franchise evaluation, financial analysis, M&A advisory, strategic planning) and operates a third-party-powered online dues payment portal for managed associations.

Product overview

Baker & Associates, LLC is a licensed accounting firm (MD License #4367816) providing an integrated suite of property management and accounting services for condominium and homeowner associations. The firm operates as a single unified offering combining four core service modules: Financial Support (accounting, billing, collections, reporting), Administrative Support (board meetings, communications, records), Property Management (maintenance, vendor oversight), and Audits/Compilations/Reviews. Additionally, the firm offers standalone Business Consulting Services and a payment portal feature. All services are delivered as customized, stress-free solutions tailored to individual client needs, with no hidden charges.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Support Comprehensive accounting and financial management services for condo and homeowner associations, including general ledger setup, billing, collections, vendor payments, monthly reporting, budget compilation, and audit support.
• Administrative Support Operational support for condo/HOA boards including board meeting attendance, minutes preparation, owner communications, insurance appraisals, by-laws interpretation assistance, and records management.
• Property Management Physical property management through experienced partners covering building maintenance, emergency services, inspections, vendor management, and oversight of repairs and upgrades for common areas of condominium and homeowner associations.
• Audits / Compilations / Reviews Financial auditing and review services for associations requiring routine audits per by-laws or seeking third-party verification of financial records, including full audits, compilations, and reviews.
• Business Consulting Services Advisory services helping businesses improve profitability, evaluate buying or selling opportunities including franchises, implement financial tools, and obtain objective assessment of financial performance, including M&A advisory.

Quantifiable outcome

• Turned around chronically unprofitable company into profitable company generating approximately $2 million pretax profit under Bob Baker's leadership as President
• +2 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Three partnerships are on record, tiered minor and core.

• MACPA – Maryland Association of CPAsminorOthersProfessional membership organization for Certified Public Accountants in Maryland. Membership provides industry credibility, networking opportunities, and access to professional resources and continuing education.
• CAI – Community Associations InstitutecoreOthersNational organization dedicated to building better communities through education, standards, and advocacy for community associations. Membership demonstrates commitment to the condo/HOA industry and provides access to industry best practices and professional development.
• Ocean City Chamber of CommerceminorOthersLocal business membership organization supporting businesses in the Ocean City area. Membership provides local networking opportunities and community visibility.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• SC&H Group: Maryland-based accounting and advisory firm serving private businesses, associations, and government entities. Comparable because it provides the same blend of accounting, audit, and advisory services Baker offers to its condo/HOA and SMB clients, operating in the same Mid-Atlantic regional market.
• CAMS (Community Association Management Services): Specialist HOA and condominium management firm with concentrated Mid-Atlantic and Southeast presence. Direct competitor in the same condo/HOA segment offering full-service management plus financial/accounting services comparable to Baker's stack.
• RealManage: Community association management firm serving HOAs, condominiums, and cooperatives across multiple U.S. markets. Comparable business model with bundled property management, accounting, and homeowner service offerings targeting the same customer base.
• Sentry Management: Long-standing community association management company exclusively focused on HOA/condo associations across multiple U.S. markets. Direct peer: same bundled management, accounting, and board-advisory services targeting the same customer profile as Baker & Associates.
• Generational Group: M&A advisory and business brokerage firm specializing in lower middle-market transactions. Comparable to Baker's consulting arm because both serve business owners exploring buy/sell opportunities and franchise evaluations, addressing the same small-business advisory use case.
• Associa: Largest U.S. community association management company serving thousands of HOA/condo communities with bundled management, accounting, and consulting services. Direct comparability: same condo/HOA segment, same bundled service stack, but operating at national scale versus Baker's regional Delmarva presence.

Regional players

• Cardinal Management Group: Mid-Atlantic HOA/condo management firm based in Virginia. Regionally comparable peer serving the same condo/HOA segment with bundled management and accounting services, operating in a neighboring geography from Baker's Delmarva base.
• Community Group, Inc. Virginia-based condominium and HOA management firm serving the Mid-Atlantic. Comparable because it serves the same condo/HOA boards with property management and financial administration, providing a direct regional competitor benchmark for Baker.
• Keystone Pacific Property Management: HOA management firm serving master-planned communities in California. Comparable business model focused on community association management and accounting services, though operating in a different geographic market from Baker's Delmarva region.

Broad incumbents

• FirstService Residential: Major North American residential property manager under FirstService Corporation. Comparable because it provides bundled HOA/condo management, financial administration, and consulting, but operates as part of a diversified real estate services platform versus Baker's pure-play regional focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/baker-&-associates-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Baker & Associates, LLC