Resident Expectations Have Evolved
CONNECTIVITY IS A REQUIRED UTILITY
It MUST be FAST, RELIABLE, and ALWAYS ON. Many believe it is as important as running water or electricity.
"84% of renters consider fast, reliable internet a top priority over other amenities"
-RealPage
National Surveys Confirm
"Renters PREFER to pay ONE BILL and include their connectivity in monthly RENT." -MFERP
OLD ISP MODELS DON'T WORK
By embracing new ISP models, it is providing what tenants WANT, improving property infrastructure, increasing NOI and preparing properties for IOT Adoption.
What this means is by NOT EMBRACING new models, owners are LOSING COMPETITIVE EDGE and FALLING BEHIND.
Don't wait until its too late. The opportunity is upon us to define the new models.
“Every $1 increase in monthly rent per unit increases property value by approximately $200–$250 per unit at a 6% cap rate.”
— Multifamily Executive / RealPage Analysis
PROPERTY VALUES INCREASE Reliable Internet justifies rent increase.
“$20 rent increase results in a $30,000–$40,000 increase in value for a 150-unit property.”
-RealPage
