Tag: Florida SIRS

Tag: Florida SIRS

Reserve Funding Methods: Component vs. Cash Flow

reserve studies

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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 Is a Structural Integrity Reserve Study (SIRS)?

reserve studies

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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.

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

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Does Your Association Need a Reserve Study?

Picture of Condo Buildings on the Coast of Florida

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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.

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

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

A picture of Surfside condo post collapse

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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.

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

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