Insight and strategies for enhancing net operating income and property value in residential communities.
A version of this story was originally published on GlobeSt.com. Both multifamily owners and investors see benefits and cost-savings of high-speed fiber-optic internet for properties. The fundamentals of the multifamily sector have changed. With the record-setting...
Current difficulties accessing capital can prevent multifamily developers and owners from taking actions to effectively address high vacancy rates, minimize resident turnover, and perform necessary maintenance or amenity upgrades as they attempt to keep properties up...
A version of this story was originally published on GlobeSt.com. Multifamily owners focused on improving net operating income (NOI) may be overlooking a critical amenity that can help. Amid a market plagued by economic uncertainty, high interest rates and weak...
A bulk internet agreement is between an internet service provider ISP and a developer or HOA. The ISP offers a multi-year bundle of internet services at a monthly rate—enough to service communities for years. And like anything purchased in bulk, there are advantages to the buyer (developer or HOA), primarily, an exceedingly competitive price.
Imagine this scenario. You can justify higher rents, attract longer-term residents, and sustain high occupancy rates, even in today’s market. Plus, the value of your multifamily property increases. All without a dime of capital investment in facility upgrading or remodeling your units. The figures on both your income statement and balance sheet can show improvement. And, not coincidentally, so does your net operating income (NOI).
When it comes to property values, fiber internet—a highly sought-after broadband solution—can make a significant difference, whether fiber-to-the-home or fiber-to-the-unit. Fast connectivity is now an essential requirement for everyday life for most Americans.
The expansion of fiber network infrastructure in the U.S. is fueled by fiber’s future-proof capabilities, significant reliability, and durability.
What about landlords, property managers, and rental agents? Can they capitalize on fiber internet? The answer: A big affirmative.
Part 1 of this series explained how offering fiber internet to multifamily property owners or builders could dramatically improve net operating income (NOI). This blog spells out what a bulk fiber contract is, how it benefits you, and how to secure one that maximizes...
Imagine this scenario. You can demand higher rents, attract longer-term residents, and sustain high occupancy rates, even in today’s market. Plus, the value of your investment in your multifamily property increases. All without a dime of capital investment in facility...