Hosted by Affinity Management.
Hosted by Rafael Aquino and special guest speaker Lisa Magill, this session will guide condo board members and property managers through the complexities of SIRS compliance and reserve funding under Florida’s updated legislation.
We will address key concerns that many associations are currently facing. For example, do SIRS reserve funds need to be kept separate from non-SIRS reserves? What happens if your SIRS report mandates a special assessment in the first year—can you pay that alongside mandatory reserves? With this being the final year to vote to waive reserves, what should you do if your SIRS report arrives late? Can you vote to waive reserves before you receive the report? Additionally, we will explore whether associations can opt for a special assessment to fund reserves instead of raising regular maintenance fees, especially in today’s challenging market. There’s also been talk of a potential special legislative session—does that mean you can delay action on SIRS compliance? This session will provide the clarity and strategies you need to navigate these new rules, ensuring your association is compliant and well-prepared for the future.