SmartProperty® has years of experience helping Florida condominiums and HOAs plan and fund their reserves, with staff based in Florida. From SIRS compliance to long-term funding, we help your board protect the building and avoid surprise assessments.
Since 2022, Florida has rewritten the rules for condominium reserves. What your association owes depends on how it is organized and how tall its buildings are.
Storm exposure and coastal moisture shorten the life of roofs, concrete, balconies, windows and waterproofing. Useful lives need to reflect Florida conditions, not national averages.
Fannie Mae, Freddie Mac and carriers look hard at reserves and deferred maintenance. An underfunded building can lose access to conventional financing and coverage, and unit values follow.
The final SIRS deadline is December 31, 2026. Knowingly skipping a required SIRS is a breach of the board’s fiduciary duty, and directors sign an affidavit when the study is delivered.
Florida-based staff, serving associations on both coastsSmartProperty has worked with Florida associations for years, and our Florida-based staff know the buildings, the climate and the rules your board is working under. When you have a question about your study or your budget, you talk to someone who knows Florida.
A SIRS for your structural items and a full reserve study for everything else, from pools to parking, so the board sees one complete plan.
The Living Reserve Study® updates as projects are completed and costs change, so your plan is ready when it’s time for the next update or budget.
Model higher contributions, special assessments, loans or lines of credit side by side before you take a recommendation to owners.
Atlas shows the cost data and useful-life assumptions behind every figure, so boards can answer owner questions with confidence.
See how the Living Reserve Study® works for your community, or tell us about your association and we’ll put together a proposal.
Photos via Wikimedia Commons: Sunny Isles Beach: Miamiresidence, CC BY 4.0 · Sunny Isles from above: Ron Reiring, CC BY 2.0 · Marco Island: olekinderhook, CC BY 3.0 · St. Petersburg: Andrew Heneen, CC BY 4.0 · Naples Pier: Marc Ryckaert, CC BY 4.0. Florida law summary is not legal advice.