Even though they are usually volunteers, Homeowners Associations (HOAs) are typically responsible for various administrative tasks to ensure the smooth operation and legal compliance of the community. A professional management company will help them stay on track. This includes keeping up with Secretary of State filings, taxes, and insurance renewals:
Failure to comply with these requirements could lead to legal issues, fines, lapses in insurance coverage, or disruptions in the HOA's operations, which may impact the residents and the community negatively. Therefore, maintaining proper records, following legal protocols, and staying up-to-date with filings, taxes, and insurance renewals are critical responsibilities for an HOA to fulfill. In California, these yearly HOA tasks are crucial.