By:  Sarah Mabry

In the dynamic landscape of multi-family (MDU) property acquisitions and dispositions, one critical aspect of the process – that may often get overlooked – is the formal assignment or assumption of the existing telecom contracts that, when executed poorly, can negatively impact your bottom line.

At RealtyCom Partners, we take pride in facilitating a seamless ownership transfer, without imposing added fees. We offer personalized assistance to our clients with a dedicated point of contact who manages every step of the process until payments are transferred. In what can take months of follow up with the Service Providers, our goal is to minimize your time and effort, allowing you to focus on more important responsibilities.

Understanding the Formal Assumption Process

1. Initial Assessment: Before initiating the formal assumption process, we conduct a thorough assessment of the existing telecom contract. Our team reviews 90+ touchpoints in the contract, identifying key clauses for any potential risks or liabilities and revenue streams associated.
2. Notice of Sale to Service Provider: Providing timely notice to the Service Provider ensures a smooth transfer, and often there are specific notice requirements included in your contract to adhere to. Continuity in service and minimal disruption in recurring revenue […]
   

By:  Rush Blakely

I have written before about the Managed Wi-Fi Evolution, and how many of our clients are considering property-wide Managed Wi-Fi for their communities to enhance the resident experience, add management efficiency for property staff, and increase property value and NOI.  Perhaps the most important benefit is the foundational nature of an Owner-owned network for new proptech deployments and future flexibility.

Many companies provide Managed Wi-Fi services.  There are those who provide the circuit and backhaul “fiber in the ground” and those who provide the customer-facing products and support, as well as those who may act as intermediaries between the resident and service provider. As you consider whether Managed Wi-Fi is right for your assets, here are some of our takeaways to consider when choosing a provider:

• • Property Considerations – Choose providers that have significant experience with your property type. For example, garden-style properties can pose obstacles.  Often, they lack climate-controlled telecom closets at each building, opting instead for lockboxes or spaces that are not climate-controlled.  This can impact the Home Run cabling type used in the deployment.  In addition, proofing existing conduit structures or potentially installing new conduits between buildings may be required.  […]