# Reserve study software that keeps every component, its remaining life and its funding line on one plan

> A reserve study is the component inventory and funding plan an association keeps for the assets it will eventually have to replace: roofs, elevators, decks, paving, waterproofing and, in several states now, the structural items named in statute. California requires a visual inspection at least once every three years and a funding plan covering components with a remaining useful life of less than 30 years. Florida requires a structural integrity reserve study at least every 10 years for buildings three habitable stories or higher. Neurobird holds the components, the study and the funding plan on one record.

- URL: https://neurobird.com/reservestudy/
- Product: Neurobird Reserve Study Capital Planning Client Portal
- Niche: reserve study capital planning
- Buyer: community associations and reserve analysts
- Status: in development, open for early access
- Updated: 2026-08-22

## What Neurobird Reserve Study Capital Planning does

- Keep one component inventory that the analyst updates and the board reads, with no second copy
- Track the study clock for each state rule the association is actually subject to
- Build the funding plan from the components rather than from last year's number plus inflation
- Produce the owner disclosure straight from the component table it is supposed to summarise

## How it works

1. **Inventory the components** Every major component the association must repair or replace, with remaining useful life, current replacement cost and the study date those figures came from.
2. **Run the clock** Three years in California, five in Virginia, ten for a Florida structural integrity reserve study, with the annual review the board owes on top of whichever applies.
3. **Fund and disclose** The funding plan and the percent funded figure are computed from the component table, so the disclosure an owner receives traces back to a line rather than to a meeting.

## From the source material

> An officer or a director of an association must sign an affidavit acknowledging receipt of the completed structural integrity reserve study.

Source: Florida Statutes 718.112, condominium bylaws and reserves, http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0718/Sections/0718.112.html

## Industry context

- **30 years** Remaining useful life threshold in California: the study must identify major components below it, estimate their cost and set a funding plan to reach it. (source: California Civil Code 5550, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV&sectionNum=5550)
- **5550** The California code section requiring a visual inspection of accessible major components at least once every three years, reviewed annually, most recently amended by Stats. 2024, Ch. 288. (source: California Civil Code 5550, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV&sectionNum=5550)
- **10 years** Florida interval for a structural integrity reserve study, required for each building on condominium property that is three habitable stories or higher. (source: Florida Statutes 718.112, http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0718/Sections/0718.112.html)
- **30 years** Building age that triggers a Florida milestone inspection, repeated every 10 years, with local agencies allowed to require the first one at 25 years near salt water. (source: Florida Statutes 553.899, http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0500-0599/0553/Sections/0553.899.html)
- **180 days** Time allowed to complete phase one of a milestone inspection after the owners receive written notice, with the association notifying unit owners within 14 days of that notice. (source: Florida Statutes 553.899, http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0500-0599/0553/Sections/0553.899.html)
- **5 years** Virginia interval for a reserve study of capital components, with the results reviewed at least annually and the budget adjusted to match. (source: Virginia Code 55.1-1965, https://law.lis.virginia.gov/vacode/title55.1/chapter19/section55.1-1965/)

## Pricing

- Single association: $139 per month
- Manager: $495 per month
- Analyst firm: $1,150 per month

## Questions

### What is a reserve study?

It is the inventory of major components an association must eventually replace, with each one's remaining useful life and replacement cost, plus a funding plan that says how the money arrives in time. California Civil Code 5550 sets a three year inspection cycle and a 30 year remaining life test for which components must be listed.

### What is a structural integrity reserve study?

It is the Florida version aimed at the structure itself rather than at amenities. Florida Statutes 718.112 requires one at least every 10 years for each building on condominium property that is three habitable stories or higher, and reserves for those items can no longer simply be waived.

### Does this replace our reserve analyst?

No. The analyst still inspects and sets the numbers. This is where the component table, the study behind it and the funding plan live between studies, so the board is reading the same inventory the analyst updated.

### How does it handle several states at once?

The clock is a property of the association, not of the software. A California association gets the three year cycle and the annual review, a Virginia one gets five years, and a Florida building carries the structural study and milestone dates as well.

### Can owners see where the percent funded number came from?

Yes. The disclosure is generated from the component table, so each figure traces back to a component, its cost and the study date. You choose what is published and what stays with the board.

## Sources

- [California Civil Code 5550, reserve study requirement](https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV&sectionNum=5550)
- [California Civil Code 5570, assessment and reserve funding disclosure summary](https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV&sectionNum=5570)
- [Florida Statutes 718.112, condominium bylaws and reserves](http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0718/Sections/0718.112.html)
- [Florida Statutes 553.899, milestone inspections](http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0500-0599/0553/Sections/0553.899.html)
- [Virginia Code 55.1-1965, reserves for capital components](https://law.lis.virginia.gov/vacode/title55.1/chapter19/section55.1-1965/)
- [California Civil Code 5565, contents of the reserve summary](https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV&sectionNum=5565)

## Contact

- office@neurobird.com
- https://neurobird.com/