Category: Structural Integrity Reserve Studies (SIRS)

Reserve Funding Methods: Component vs. Cash Flow

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Posted: October 5, 2025

Reserve Funding Methods: Component vs. Cash Flow Florida statutes allow two primary funding methodologies for reserves. Edge Realty Advisors provides projections for both in every reserve study, so boards can choose the method that best fits their community’s goals and funding philosophy.  Component Funding Method (Straight-Line Method) This method analyzes each component individually. The unfunded cost

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Category: Reserve Study Guide, Structural Integrity Reserve Studies (SIRS)

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What Every Condo Association Needs to Know Before 2025 

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Posted: September 5, 2025

What Every Condo Association Needs to Know Before 2025 Florida’s Updated SIRS Law (HB 913) Understanding the New SIRS Timeline and Requirements  Florida’s new Structural Integrity Reserve Study (SIRS) law—House Bill 913—has reshaped the way condominium and cooperative associations approach reserve funding and long-term planning. The deadline for completing initial SIRS reports has been extended

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Reserve Components vs Operating Budget Components 

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Posted: August 5, 2025

Reserve Components vs Operating Budget Components  Reserve components and operating budget components serve distinct roles in association budgeting. Both are essential for the effective management and financial health of a community, but they are handled separately due to their differing nature and financial impact.  Reserve Components  Examples of Reserve Components  Operating Budget Components  Key Differences Reserve

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What Is a Structural Integrity Reserve Study (SIRS)?

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Posted: July 5, 2025

A Structural Integrity Reserve Study (SIRS), mandated by Florida law, focuses on crucial structural elements in buildings with three or more stories. Aimed at ensuring safety and integrity, it requires inspection by qualified professionals every 10 years. Edge Realty Advisors offers tailored SIRS inspections and assists with compliant financial planning.

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Florida SIRS & Reserve Study FAQ

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Posted: June 21, 2025

The Florida SIRS (Structural Integrity Reserve Study) is mandated for condo or cooperative buildings with three or more habitable stories every ten years. Components with a replacement value of $25,000 or more must be included. Non-compliance results in severe penalties, and only qualified professionals can conduct the study. Regular updates are advised.

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Structural Integrity Reserve Study: Safeguarding Condo Communities from Costly Surprises

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Posted: May 12, 2025

Neglecting structural integrity reserve studies can lead to unexpected costs and safety hazards for condominium owners. Case studies from Florida, like the Clearwater evacuation and Miami-Dade assessments, highlight severe financial impacts. New legislation mandates these studies, enabling proactive maintenance and budgeting to mitigate risks and maintain property values. Expert guidance is crucial for effective planning.

Category: Insurance Appraisal and Reserve Studies, Reserve Study, Structural Integrity Reserve Studies (SIRS)

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Reserve Studies and Insurance Appraisals: Orlando Condo & HOA Expo

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Posted: May 22, 2024

The Orlando Condo & HOA Expo 2024 at the Orange County Convention Center was a remarkable success, drawing community boards, property managers, and other industry experts. Edge Realty Advisors actively participated, focusing on educating attendees about reserve studies and insurance appraisals. The event provided valuable networking opportunities and insights, fueling anticipation for the 2025 expo.

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Does Your Association Need a Reserve Study?

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Posted: January 16, 2024

A reserve study is advised for condominiums and homeowners’ associations, especially with aging infrastructure or legal obligations to do so. It aids in future maintenance planning and ensuring financial health. Even if not mandated, it’s beneficial for informed financial planning, property value preservation, and resident welfare. Consulting a specialist is recommended.

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Surfside Disaster – A need for Structural Integrity Reserve Studies (SIRS)

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Posted: January 8, 2024

The Surfside collapse led to increased scrutiny and reevaluation within the condominium industry, highlighting the need for stringent safety measures and transparent reserve studies. This has impacted insurance rates, legal ramifications, and industry-wide discussions, emphasizing the crucial role of reserve studies in property maintenance and transactional transparency.

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