By Bob Reiss

In the spirit of Halloween, we’re compiling some tips to prevent you from being spooked, bitten or harmed by your telecom contracts!  Below are some of the most challenging problems our clients face every day as they seek to purchase and operate their assets.

Technological Obsolescence – this might be the scariest issue of all! Do you have DSL service that’s outdated, RG-59 that won’t support all the new features Providers are offering?  Are your residents complaining about available internet speeds? Are there constant service tickets and calls? Does it seem like someone is always in your office and feel they overpay for services you provide? How will you retrofit the building for improved services? Who will pay for new wire, materials and construction?

These are valid questions and issues RealtyCom deals with every day – we understand our client’s main objective is to operate successful properties and there are many competing priorities.  In these situations, there are options available both with franchise operators and tertiary or internet-only providers that may resolve your issues. An individual assessment and plan must be formed to address the specific problem. We utilize our due diligence team, engineering and construction planning teams, as well […]

By Laura Quirarte

Ancillary income, or income derived from non-rental sources, is sometimes presented as passive income or even “found money.” Nothing could be further from the truth! Each ancillary income source, whether it takes the form of fees, premiums, or amenities, represents a thoughtful strategy on behalf of the owner or negotiated contract. And, as many know, good negotiating can take a lot of planning and work.

As a Client Account Manager at RealtyCom, I’m focused on access, marketing and service partners providing Television, Phone and Internet products to multifamily housing. While each provider is different in how they choose to partner with owners, RealtyCom clients generally have a revenue-share model that creates ancillary income to the owner on a monthly or quarterly basis. The owner is incentivized by the provider to receive additional revenue, as resident subscriptions are increased via their marketing efforts.

The idea being the more Provider is marketed by the owner, the more subscribers and the more revenue to the Owner. Once an Owner signs an agreement, most providers will assign a local representative to work with the property team in an effort to increase subscriptions (at no cost to the property) by:
● being a resource for residents […]

By Annie Manfredi

In recent months, the COVID-19 pandemic has completely changed the dynamics of business. Instead of commuting, for example, about 4.7 million U.S. employees now work from home at desktops set up anywhere from home offices to spare bedrooms to their kitchen counters. IoT technologies make it possible; even on the national stage, thanks to Zoom and other technologies, delegates all over the U.S. at the first virtual Democratic National Convention were linked by one barefoot man in his family room.

All this decentralization of gathering demonstrates how much there is to be gained from the remote work model. The challenge for multifamily property owners is: How can we power that model for our tenants?

5G Is the Future

At RealtyCom Partners, we think 5G is a great opportunity and will provide immense benefits to the work-from-home (WFH) generation, as well as generate significant revenue and increased value for multifamily property owners’ portfolios.

RealtyCom’s Annie Manfredi recently spoke to Rick Varnell, Partner at 5G LLC (a leading provider of cutting-edge technologies and services) about these benefits.

“In today’s world, we rely on our ability to connect heavily,” said Varnell. What’s more: “Working and studying at home, and reliance on the smartphone and […]