Today‘s Real Talk

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/
[email protected]

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/Chapter47C

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Chapters
00:00 - 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 Meetings
28:30 - 35:24: HOA Management Companies
35:24 - 36:48: Mgmt Company Credentials
36:48 - 42:17: Self Managed HOAs
42:17 - 44:50: Robert's Rules of Order
44:50 - 49:39: Condos
49:39 - 52:13: CC&Rs vs Bylaws vs Committees
52:13 - 58:56: Short Term Rentals
58:56 - 01:03:41: The Future of HOAs
01:03:41 - 01:04:34: Final Thoughts w/ Jim Slaughter
01:04:34 - 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