By Annie Manfredi
The recent necessity for employees to work from home (WFH), and an outlook that suggests many will continue to WFH at least part time, has created an almost insatiable demand for high-speed internet and Wi-Fi streaming. As such, many MDU owners are looking at how to best capitalize on this trend to attract new renters, increase revenue and streamline operations. While the idea of moving from a retail service (where every resident is responsible to order and pay for their own service) to a bulk service (where the owner pays for the service for all units) is easy, the execution of a thoughtful rollout takes considerable thought and planning. When helping our clients consider bulk service options, we review four key areas as a part of the development of a potential launch plan.
Due Diligence & Strategic Plan Development – While it may seem obvious, the first part of any plan is a client needs assessment. Is the owner just hoping to create revenue by “reselling” service or are they trying to keep up with local competition (or both), or do they hope to loop in new IoT devices for residents and […]