Difference Between Traditional & SIRS Reserve Studies
Reserve studies are vital for Homeowners Associations (HOAs) and condo associations to plan for future repairs. In Florida, the Structural Integrity Reserve Study (SIRS) was introduced after the 2021 Surfside collapse to ensure building safety. This guide clarifies the differences between traditional and SIRS reserve studies, helping you decide when to use each. What is […]
Educational Resources for Property Managers: Understanding Reserve Studies
Introduction Property managers in Florida face a daunting task: keeping condos, HOAs, and commercial properties safe, financially stable, and compliant with regulations like the Structural Integrity Reserve Study (SIRS). From hurricanes battering Tampa’s high-rises to Miami’s saltwater corrosion, the challenges are relentless. A reserve study is your secret weapon—a financial roadmap to plan for repairs […]
How Miami and Fort Lauderdale’s Climate Affects Your Condo Reserve Study
Miami and Fort Lauderdale’s thriving condo markets—from Miami’s Brickell skyline to Fort Lauderdale’s beachfront towers—face intense challenges: hurricanes threatening structural integrity, corrosive saltwater accelerating wear, and Florida’s stringent Structural Integrity Reserve Study (SIRS) requirements demanding compliance. As a condo board member or property manager in South Florida, you’re responsible for ensuring your community remains safe, […]
Structural Integrity Reserve Study (SIRS) in Tampa | FPAT Experts for Condo Property Managers
Tampa’s vibrant condo market—spanning downtown high-rises to Bayshore Boulevard’s waterfront communities—faces unique challenges: hurricanes battering roofs, aging structures needing repairs, and Florida’s strict Structural Integrity Reserve Study (SIRS) regulations demanding compliance. As a condo board member or property manager, you’re tasked with keeping your community safe, financially stable, and legally compliant. A reserve study is […]
What to Expect During a Reserve Study Inspection in Florida
Managing a Florida condo, HOA, or commercial property comes with big responsibilities—keeping your community safe, financially stable, and compliant with strict regulations like the Structural Integrity Reserve Study (SIRS). A reserve study is your roadmap to achieve this, but the inspection process can feel like a mystery. What happens during a reserve study inspection? How […]
Top 5 Reasons to Get a Reserve Study in Florida
As a Miami condo board member or property manager, you’re juggling insurance demands, Florida’s brutal hurricanes, and strict regulations like the Structural Integrity Reserve Study (SIRS). The pressure’s on to keep your property safe, compliant, and financially sound—without losing sleep or facing angry residents. A reserve study is your roadmap to avoid costly surprises and […]
Why Regular Updates to Your Reserve Study Are Crucial
Regular updates to your reserve study are vital for Homeowners Associations (HOAs) and condo associations toensure financial stability and avoid unexpected costs. In Florida, where laws like Senate Bill 4-D mandateStructural Integrity Reserve Studies (SIRS) for tall buildings, keeping your reserve study current is more criticalthan ever. This guide explains why updates matter, how often […]
Avoiding Special Assessments: A Guide for Florida Condos
Living in a Florida condo offers many perks, but special assessments—unexpected fees for major repairs or budget shortfalls—can strain owners financially. This guide explores how condo associations can avoid these costs, ensuring stability and peace of mind. For professional assistance, explore our reserve study services. What are Special Assessments? Florida’s properties face distinct challenges that […]
Case Study: How FPAT Helped a Tampa Condo Meet SIRS Compliance
Felten Property Assessment Team (FPAT) has become a trusted partner for Tampa condominiums navigatingFlorida’s stringent Structural Integrity Reserve Study (SIRS) requirements. This case study explores how FPATassisted Sunset Towers, a 10-story Tampa condo, in achieving SIRS compliance under Senate Bill 4-D, ensuringstructural safety and financial stability. From inspections to funding plans, FPAT’s expertise delivered peace […]
Financial Planning for HOAs: The Role of Reserve Studies
Homeowners Associations (HOAs) face unique financial challenges, from maintaining community amenities toensuring long-term property value. Effective financial planning is essential to avoid unexpected costs and keepresidents satisfied. At the heart of this process lies the reserve study—a powerful tool that helps HOAs budgetfor future repairs and replacements. This guide explores how reserve studies drive financial […]
How Hurricanes Affect Reserve Study Planning in Florida
Florida’s sun-soaked beaches and vibrant communities come with a significant challenge: hurricanes. As the most hurricane-prone state in the U.S., Florida faces frequent storms that threaten property and financial stability for Homeowners Associations (HOAs) and condominium associations. Reserve studies—essential planning tools for budgeting repairs and replacements of common property elements like roofs, windows, and structural […]
Understanding SIRS Reserve Requirements in Florida: Your Essential Guide
As a condo board member or property manager in Florida, you’re tasked with the vital responsibility of keeping your building safe and financially secure—noble work that protects your community. Yet, navigating complex regulations and the ever-present threat of storms can feel overwhelming. That’s where Structural Integrity Reserve Studies (SIRS) become essential. Mandated by Florida law […]