When you buy a property that is subject to an association, you are buying a property that is subject to change.Is your property subject to an association? If so, there may or may not be rules &regulations that you like or don't like. There may be fees with living where you live that you may not have been expecting or anticipating when you purchased. Maybe how you want to use your property has changed and your are wondering if it is ok? Short Term Rentals continue to be a hot topic. Ever thought about adding solar panels to your home? This week Justin is talking with Attorney Jim Slaughter of Law Firm Carolinas to learn about HOAs. The ins and outs. The ups and downs. The pros and cons. What has changed from pre-covid to now when considering the management practices of HOAs? What changes has the North Carolina legislature made to make things easier for associations to govern? All that and more this week on Today's Real Talk.References Today's Real Talk: https://www.TodaysRealTalk.com/Info@TodaysRealTalk.com Jim Slaughter - https://www.jimslaughter.com/ Law Firm Carolinas - http://lawfirmcarolinas.com/ North Carolina Planned Community Act - NCGS 47F - https://www.ncleg.gov/Laws/GeneralStatuteSections/Chapter47F North Carolina Condominium Act - NCGS 47C - https://www.ncleg.gov/Laws/GeneralStatuteSections/Chapter47CWant content sent directly to your device? Text 'Get Real' to 844-STUDIO-4 Have you enabled Amazon and Google Home skills? "Hey Alexa, play Today's Real Talk!" "Hey, Google, play Today's Real Talk!" All shows streaming wherever you like to listen to your podcasts Chapters00:00 - 01:49: Talking w/ Justin 01:49 - 03:56: Intro w/ Jim 03:56 - 05:41: HOA Usage in NC 05:41 - 06:44: Future HOAs in NC 06:44 - 09:09: HOA Positives 09:09 - 13:16: Costs Associated w/ HOAs 13:16 - 15:54: HOA Budget & Operation Limitations 15:54 - 18:31: How does NC compare to other states? 18:31 - 22:26: Pre & Post COVID 22:26 - 28:30: Online HOA Meetings28:30 - 35:24: HOA Management Companies35:24 - 36:48: Mgmt Company Credentials36:48 - 42:17: Self Managed HOAs42:17 - 44:50: Robert's Rules of Order44:50 - 49:39: Condos49:39 - 52:13: CC&Rs vs Bylaws vs Committees52:13 - 58:56: Short Term Rentals58:56 - 01:03:41: The Future of HOAs01:03:41 - 01:04:34: Final Thoughts w/ Jim Slaughter01:04:34 - 01:08:23: Q&A 1 - Do I need to purchase a 'title monitoring' service subscription? 01:08:23 - 01:09:17: Q&A 2 - What is the strongest market in North Carolina?01:09:17 - 01:11:05: Q&A 3 - What is more important; size vs. location of a property?01:18:14 - 01:18:54: Closing Thoughts w/ Justin

Broadcast on:

04 Feb 2023