Reserve Study Timeshare capital reserve study
Welcome to Capital Reserve Advisors the specialist on SIRS & Reserves
Reserve Study Timeshare capital reserve study
SIRS Reporting
According of the DBPR “A SIRS is a budget planning tool that looks at the parts of a building a condominium association is required to maintain, the status of the condominium’s existing reserve fund, and the amount of funding needed to offset anticipated expenses. A SIRS is a type of reserve study used to ensure condo owners are reserving the funds needed for future major repairs and replacement of structural elements on the condominium property. A SIRS includes eight specific structural elements that are critical to the safety of the building:
· -Roof
· Structural Systems
· Fireproofing & Fire Protection Systems
· Plumbing
· Electrical Systems
· Waterproofing & Exterior Painting
· Windows & Exterior Doors
Other elements over $25,000 that have an impact on the structural integrity of the building as determined by the visual portion of the SIRS.
As of July 1, 2024, within 45 days of the SIRS being completed, a condominium association must electronically submit a completed SIRS Reporting Form to Division of Condominiums, Timeshares and Mobile Homes.”
Here is the DBPR link to file the SIRS report.
