By: Megan Jackson

Telecommunications agreements can generate valuable recurring revenue for property owners, but what happens when those payments go unclaimed? Did you know that each year, millions of dollars in payments are reported to state unclaimed property divisions after checks go uncashed or funds remain inactive for a certain period of time? All industries and companies generate items that may become unclaimed property if not resolved within a specified period. This is also sometimes referred to as escheated funds.

RealtyCom Partner’s Accounting team prides itself on collecting and monitoring all agreement compensation outlined in our client’s telecommunications agreements under our Revenue Share Management program. For property owners and management teams, missing or delayed deposits can mean revenue sitting unclaimed with the state. Ask yourself the following questions to see whether researching the nationwide database might be right for you.

• Are you missing any compensation under a telecommunications agreement?
• Did your corporation move without notifying all vendors of your address update?
• Are management teams depositing your funds?
• Have bank accounts been closed or updated?
• Have you received any notice directly from the State Comptroller’s Office?
• Have you received any notices directly from the service providers?

Although timeframes may vary depending on the type […]

By: Sarah Mabry & Rush Blakely

The Background

• RealtyCom Partners’ client owns an off-campus student property in a midwestern market. Their existing managed Wi-Fi provider was under performing.  The property staff and residents were experiencing significant and consistent network issues and inadequate customer service.
• RealtyCom Partners was engaged to review the existing provider’s agreement and the existing Wi-Fi deployment. We were then tasked to explore options to improve the Wi-Fi infrastructure and the resident experience.

The Work

•  RealtyCom Partners met with the client to better understand their concerns with the current service, as well as the status and architecture of the current managed Wi-Fi network, equipment, and potential options for upgrading the network to improve the resident experience.
• We sent out a comprehensive request for proposals to a group of five providers from our curated and vetted provider list. This included four (4) managed Wi-Fi service providers and one franchise operator.
• Along with coordinating site surveys, we provided the client our Managed Wi-Fi Questionnaire to gather detailed information on the property and existing system architecture for providers conducting desk surveys and preparing budgetary proposals.
• We reviewed and continued to negotiate submitted proposals, to identify the most suitable options to present to the […]
  

By: Rush Blakely

In November, we informed our clients about California Governor Newsom’s signing of AB1414 into law.  Beginning January 1, 2026, California renters have the right to opt out of bulk internet plans, thus dramatically changing the landscape for owner-sponsored Internet and managed Wi-Fi agreements statewide.

As announced in our newsletter, RealtyCom is working closely with Davis Craig, PLLC, Hubacher, Ames & Taylor, PLLC and our clients to include protections in new agreements that allow future flexibility should bulk programs be negatively impacted by regulation. Most importantly, RealtyCom has been in discussions with many of the service providers on how they will assist owners to ensure wireless and wired connectivity is turned off for opted-out units.

As one can imagine, this is a big undertaking between the operations and finance teams, attorneys, and different state laws to consider. Unfortunately, most providers are still working to establish internal protocols around reporting of opted out units, timing for disconnection, and any physical requirements to turn off those units. Some have agreed, in principle, to discount bulk billing fees (subject to a cap). While others have contemplated a mandatory renegotiation or an optional conversion into a traditional retail environment where residents secure […]