By Mike Manfredi

Several of RealtyCom’s Clients are exploring short-term housing.  Some want to use short-term housing as a temporary solution to vacancy during the lease-up stage of a new project while others are exploring short-term housing to enhance long-term net operating income (NOI).  Both objectives entail operational issues that are beyond RealtyCom’s scope of work; however, careful telecommunication considerations are needed and generally fall into two (2) categories:

1. Telecom Agreement – Most Clients want to provide the short-term guest with high-speed Internet in their unit and common areas during their stay. In addition, some clients want to include some level of cable television service as well.  In properties in which our Clients have entered BULK arrangements, this is quite easy.  However, in properties in which our Clients have chosen multiple providers, each with non-exclusive marketing rights, and each providing multiple services, this is more problematic.  Most providers do not want to provide flexible, discounted service to short-term units, nor do they want to provide consolidated billing.  RealtyCom has been able to help clients in workarounds that provide flexibility and do not breach the anti-bulk provisions contained in many telecom provider agreements.

2. Infrastructure – Some Clients want to have a […]
   

We are excited to introduce our newest team members.

To view their profiles and the rest of the RealtyCom team, go to https://realtycompartners.com/about/

	Accounting Assistant Antisha Partee joined RealtyCom Partners in 2020 as an Accounting Assistant. Her main focus is to process revenue share payments to ensure Clients receive their payments in a timely manner. She works closely with the service providers, reviews monthly/quarterly reports and increases revenue by finding errors in calculations along with assisting with the collection of missing payments. Antisha joined RealtyCom Partners with over eight years of experience in the accounting field in various industries.
	Revenue Recovery Specialist Jennifer Klein joined RealtyCom Partners in 2020 as a Revenue Recovery Specialist. Her main focus is to audit revenue share payments to ensure Clients are being paid in accordance to the terms of their agreement. She works closely with the service providers, reviews monthly/quarterly reports and increases revenue by finding errors in calculations along with assisting with the collection of missing payments. Jennifer joined RealtyCom Partners with over 6 years experience in the accounting field in various industries.

By Cristy Boucher

We do our best not to use telecom jargon in our memos and conversations with our clients and partners, but you’ve probably noticed on occasion we slip up!  In an effort to help you become a true telecom “nerd” like we are, we’re sharing 11 definitions of popular acronyms (we just had to throw an extra in for good measure!).  Always feel free to interject and ask us for any definitions, we are happy to explain and help educate your teams however we can.

“EMA” – abbreviation for Exclusive Marketing Agreement. Exclusive marketing agreements are often in place when there is no competing Service Provider who wants to provide a proposal for Owner consideration. The Owner is agreeing to market only one Service Provider to residents and promote that Service Provider over the other. Additional Service Providers often serve the property and residents can sign up for their services, but only one is being promoted by the on-site team.

“NEMA” – abbreviation for Non-Exclusive Marketing Agreement. These types of agreements allow co-marketing of two or more Service Providers by the Owner. The terms are usually complementary, and terms are coterminous. The Owner has agreed to market two or more Service […]