Part 3: Top Challenges and Smart Strategies for Boards — Making the SIRS Work for You
Real-world issues and how your board can stay ahead.
Challenge 1: Big Financial Gaps
Many SIRS reports reveal underfunded reserves. Boards must decide whether to raise assessments, take loans, or levy special assessments. Communicate early with owners and provide multiple funding scenarios.
Challenge 2: Coordinating with Milestone Inspections
If your building also requires a milestone inspection, combine efforts to reduce cost and overlap. Engineers can often perform both studies in one visit, streamlining compliance.
Challenge 3: Owner Communication and Buy-In
Owners may be surprised by large funding needs. Clear, calm communication is key. Host Q&A sessions, explain what SIRS is for, and stress that it protects both safety and property values.
Challenge 4: Finding the Right Professional
Work only with experienced, insured engineers familiar with Florida coastal buildings. Avoid conflicts — the same firm performing major repairs should not prepare your SIRS unless properly disclosed.
Challenge 5: Legal Compliance and Board Liability
Failure to complete or fund a SIRS as required is a breach of fiduciary duty under Florida law. Boards should maintain documentation of all decisions and communications related to the study.
Putting It All Together
Treat your SIRS as part of a broader maintenance and risk management strategy. It complements milestone inspections, budget planning, and insurance reviews. A proactive board that stays ahead of deadlines and communicates openly will build trust and long-term stability.
Final Thoughts
The Structural Integrity Reserve Study isn’t just a new rule — it’s a smarter way to manage your community. When done right, it prevents surprises, extends your building’s lifespan, and protects every owner’s investment.
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Kennedy Association Management provides guidance, project coordination, and trusted professional resources to help your community meet state requirements while protecting your owners and property values.
