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 ®ulations 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/Chapter47C
Want 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
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
Can the government help build more affordable housing? The Apple Ridge Project
What is your 'why'? Developing Communities
Spending More on Quality Has Its Benefits Too: Green Energy Incentive
Does Technology Really Help Real Estate? Electronic Notarization
Are you getting the most out of your real estate investments? Cost Segregation
The Friendliest Town in the South - Blue Ridge Mountains, Equestrian Facility, and Lively Downtown
Want to win in Real Estate? Cash Flow Matters w/ Multifamily Investing
Is Agriculture and Industrial the future of development in Wayne County North Carolina?
What does the SBA (Small Business Administration) do? Loans, Strategy, and Other Resources
Real Estate Economics: The Future of Our Market
FIRPTA - What is required when dealing with foreign sellers?
Active & Passive Investing: Real Estate
COVID-19, Real Estate Fraud, and the Future of E-Closings
2021 Top New Affordable Health Insurance Plans for Businesses Revealed
New US Tax Changes: What Real Estate Professionals Need to Know
2021 The Top Cyber Security Threats to Home Owners and Real Estate Professionals
Tiny Houses: A Powerful Solution to Affordable Housing
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money