2025 Resolution: Create SIRS Database Of Florida Condo Associations
In this latest issue of the Miami Condo Market Intelligence Report™, we reveal our plans to create a community-driven Structural Integrity Reserve Study (SIRS) database of Florida condo associations.
Volume 2025, Issue 1 (Subscribe here)
For this week’s Miami Condo Market Intelligence Report™ newsletter, we are announcing our 2025 resolution to create a depository of reader-supplied Structural Integrity Reserve Studies (SIRS) for condo associations in Florida.
Think of it as the start of a Florida SIRS Database™.
Our New Year’s resolution resulted from a report (see below) that we published this week, in which, we detailed the difficulty associated with trying to obtain copies of the latest SIRS reports for the nearly 13,000 condo associations - with about 610,000 units - in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.
We knew it would be challenging but not this tough.
In the spirit of transparency, we would ideally build a community-driven database of the latest SIRS reports that were required to be completed by the end of 2024 as per the Florida Condo Law.
The Dec. 31, 2024, requirement was adopted by the Florida Legislature in the aftermath of the Surfside condo collapse, in hopes, of providing an expert assessment from a life-safety perspective of the state’s nearly 28,250 condo associations.
Industry watchers have said the SIRS reports are a key component of Florida’s effort to begin to restore the public’s confidence in the notion that older Florida condo towers are safe.
Everyone from buyers to sellers, and lenders to real estate professionals would have access to our community-driven Florida SIRS Database™, which would permit open editing for the purpose of being neutral.
If you would like to get involved with our effort or submit a copy of your recent SIRS report for our proposed database, please email us at FloridaSIRS@yahoo.com.
We will keep you updated on our progress in the weeks and months ahead.
It is worth noting that we share a portion of our research for free with subscribers to our newsletter and readers of MiamiCondo.Club.
If you want access to all of our published information and charts, we would encourage you to join the Miami Condo Investing Club™.
The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida.
The Club is ideally suited for Do-It-Yourself (DIY) condo buyers and real estate professionals, alike, who can rely on our latest statistics, expert opinions and access to consulting services.
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
If you are seeking information on condo resales in South Florida, please visit CondoVulturesRealty.com or call the office at 305.865.5859.
— Peter Zalewski, Founder of the Miami Condo Investing Club™
Story 1
We Tried To Obtain SIRS Reports For South Florida Condo Associations. It Wasn't Easy.
As Structural Integrity Reserve Studies take on greater importance in 2025, we spent a day searching for SIRS reports and statistics on South Florida condo associations complying with the law.
Story 2
New Index To Track Miami Condo Association Financial Cliff For Investors
The Miami Condo Cliff Index™ is a weekly index that tracks the financial health and stability of condo markets in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.
Story 3
It Is Go Time. Are You Ready For Florida's 2025 Condo Association Financial Cliff?
Expert Peter Zalewski of the Miami Condo Market Investing Club™ will host a online Monthly Meeting on Wednesday, Jan. 8, to discuss South Florida condo opportunities and challenges in 2025.
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Trends, Insights And Predictions For Miami Condo Market In 2025
In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses the growing debate about the outlook for the South Florida market in 2025.
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Poll: What Is Your 2025 Market Outlook For South Florida Condos?
We want to know if you are bullish, bearish or undecided about the direction of the condo market in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach this year.
The views and opinions expressed in this report is for general informational purposes only. It is believed to be accurate and complete based on current market trends but cannot be guaranteed or warranted as circumstances change without notice. It should not be considered as financial, legal, tax or investment advice. This content should not be relied upon as the sole basis for making any financial decisions. Before making any investment or financial decisions, you should consult with a qualified professional to determine the suitability of any investment or strategy for your individual circumstances and goals.
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