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Updated 11 months ago on . Most recent reply

User Stats

737
Posts
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Logan M.
  • Investor
  • Provo, UT
619
Votes |
737
Posts

Community Internet as an amentity

Logan M.
  • Investor
  • Provo, UT
Posted

I have two different soon a third property where I will be providing internet to the residence. 

Here are a few pros and cons:

PROS

-Can charge more via a Tech Package, this can include TV as well.

-Easy for tenants to come and go as needed

-Bulk pricing allows for you to provide internet at a lower cost per person.

-You can use the internet yourself for cameras, lights and anything else on Wifi.

CONS

-If it goes out it is your responsibility and people get crazy when they can't play xbox

-In some cases, it costs a lot to get set up since you are covering a large area.

-Coverage is your responsibility since you are providing this to all of your tenants.

-Some more rural areas don't have a good provider.

  • Logan M.
  • Most Popular Reply

    User Stats

    737
    Posts
    619
    Votes
    Logan M.
    • Investor
    • Provo, UT
    619
    Votes |
    737
    Posts
    Logan M.
    • Investor
    • Provo, UT
    Replied
    Quote from @Dave Rav:

    We too have considered providing WiFi.  I do like your idea of the "tech package" with assoc. fees.

    The major con that has kept us from implementing has been - management burden.  You touched on this as well 

    If any problems, mgmt will be flooded with calls regarding this non-essential amenity.  People will get unhappy rather quickly.
    this, plus it's one more thing to "babysit".  We prefer hands-free as much as possible (most utilities and services for us are tenant-responibility).  

    These considered, not sure the potential extra profit would be worth the hassle.


     I have wondered though if there are government grants/tax credits for providing internet to low income tenants.

  • Logan M.
  • Loading replies...