By Phil Veletzos and Steve Lefkovits
As a way of achieving building-wide Internet connectivity, managed Wi-Fi Internet solutions are gaining popularity in multifamily properties across all asset types. RealtyCom can help owner/operators evaluate this business model for both new developments and existing property retrofits. The three main reasons to consider building-wide Internet availability at your communities are:
● Valued resident amenity. Since today’s residents regard access to the Internet as a right, the easiest way for owners and operators to increase connectivity is by providing robust Internet access at all times across the property so prospective residents, current residents and their guests can seamlessly enjoy hotel-style connectivity.
● IoT/Smart Home/Smart Building Functionality. A Managed network provides a network to leverage for smart home and smart building initiatives. Through advancing technology, building management systems are becoming increasingly sophisticated; allowing, for example, property managers to detect the source of leaks without opening up walls.
● Wi-Fi Calling. Through Wi-Fi calling, a property wide managed network can take the sting out of cell signal issues due to construction materials such as Low-E glass.
● Ancillary Income. When managed well, bulk purchase solutions can create substantial asset value that may outpace traditional revenue share models.
As a way of achieving building-wide Internet availability, managed Wi-Fi Internet solutions […]