How Cost Segregation Studies Help Property Owners Maximize Tax Savings in 2025 As a property owner or investor, you’re always looking for ways to reduce tax liability and improve cash flow. A well-executed cost segregation study may offer substantial benefits by accelerating depreciation and unlocking value. In this article we’ll explain what a cost segregation….
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Best Practices for Condominium and HOA Meeting Minutes
Best Practices for Condominium and HOA Meeting Minutes Condominiums and HOA communities come in a wide variety of shapes and sizes, but when it comes down to considering the differences of all condos great and small, one thing is consistent — meeting minutes. This basic management tool is guided by governing documents, IRS regulations, and….
Why Your Condo Needs a Reserve Study Update in South Florida
A Reserve Study is one of the most important financial planning tools a condominium or HOA board can use. It’s not a one-time exercise, but a living document that should be refreshed as conditions, costs, and regulations change. Unfortunately, many associations in Miami-Dade, Broward, and Palm Beach counties wait too long between updates. By then,….
The Next Step in Pool Safety – AI Powered Drowning Detection Systems?
The Next Step in Pool Safety – AI Powered Drowning Detection Systems? Conventional safety measures – pool covers, perimeter fences, and subsurface alarms – are essential for preventing unauthorized access when a pool is closed. But when a pool is open and in use, those measures cannot protect against drowning. For decades, supervision by lifeguards,….
Condominium and HOA Meeting Minutes – Best Practices and Legal Considerations
Condominium and HOA Meeting Minutes – Best Practices and Legal Considerations Homeowner associations (HOAs) and condominium boards vary widely in size and structure, but one thing is consistent across every community: meeting minutes. Accurate minutes are a legal requirement, a historical record, and an essential management tool for every association. What Are Meeting Minutes? Meeting….
The Hidden Components That Can Sink Your Condo’s Reserve Budget
The Hidden Components That Can Sink Your Condo’s Reserve Budget in Miami-Dade and Broward If you are searching for a reserve study in Miami-Dade or Broward, the projects you can see from the street are only part of the story. Roof replacements, exterior painting, and paving are important. The real budget busters are often smaller….
Straight-Line vs. Pooled Reserve Funding: What Florida Condo Boards Need to Know for 2025
Straight-Line vs. Pooled Reserve Funding: What Florida Condo Boards Need to Know for 2025 New reserve funding requirements in Florida – especially those tied to Structural Integrity Reserve Studies (SIRS) – are prompting many condo associations to ask: “Should we be using straight-line or pooled funding for our reserves?” This article breaks down the two….
SIRS vs Traditional Reserve Study: What’s the Difference Under Florida Law?
Florida now requires many condominiums to complete a Structural Integrity Reserve Study (SIRS) – but that doesn’t replace a full reserve study. They serve different purposes. Here’s how they compare, what’s required, and what your building likely needs. What Is a SIRS? A SIRS is a legally mandated evaluation of critical structural and safety components…..
What Needs to Be Included in a Structural Integrity Reserve Study (SIRS) in Florida?
Starting in 2025, many Florida condo associations must complete a Structural Integrity Reserve Study (SIRS) to stay compliant with state law. These studies are required for most buildings three stories or higher and are not simply expanded reserve studies – they follow specific rules and must focus on structural and life-safety components. Here’s what you….
Top 10 Condo Do Overs to Avoid
Over the last twenty years I have had the privilege of meeting with many condominium and HOA boards and leaders. Some were seasoned and experienced while others were new and exposed to the culture of community living for the first time. All wanted to do their best, yet failings and mistakes were acknowledged. With the….