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CO-OP’ing your building’s internet means;
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- Providing a valuable ‘essential’ amenity to building & tenants,
- Excellent ROI through sustainable operation with tenants participating,
- Enhancing your rental value proposition,
- 100% operational lease write-off option,
- Greatly enhance your buildings capital value, significantly!
*See capital value section
[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1638339646953{background-color: #dddddd !important;}”][vc_column][vc_custom_heading text=”Happier Tenants” font_container=”tag:h2|font_size:35|text_align:center|color:%230a0a0a” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal” css_animation=”fadeInUp”][vc_single_image image=”3394″ img_size=”large” alignment=”center” style=”vc_box_shadow_3d” css_animation=”fadeIn”][info_list_father listwidth=”0″][info_list_son style=”icon” width=”40″ height=”40″ titleclr=”#000000″ icon=”fa fa-check” iconclr=”#1e73be”]The average cost of internet in Canada is $105/per month. (Whistleout.ca)
- All things being equal, your rental suites have an advantage over others while incorporating those into rental rates, or passed along as a far more cost effective offering for fibre-based internet.
- This is the last internet your tenants will ever need.
- Enjoy the added revenue streams from tenants paying the service over to you instead of the carriers.
- At $40/suite/month, a 100-unit building enjoys an added $48,000/year in added revenue!
- Your building’s capital value is impacted by those things that lower your operating costs, or increase your revenue, or both.
- If your building makes a nominal investment into having it’s own fibre-internet network, this becomes a highly valuable amenity that can readily be rented out to your tenants every month from now on.
The added net revenue for the year / divided by the capital appreciation factor: 3.75% = The added value brought to the building.
Eg; 100-unit block, 100 x $40 = $48,000/yr divided by 3.75% = $1,280,000 of added value! And, this added value is essentially a zero-net out-of-pocket investment supported entirely by the tenant revenues.
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You could get a CO-OP Net installation for purchase or Lease-to-own, or combination thereof;
The total installation including wiring for the building, plus equipment room gear, in-suite set up and back end is valued in total at approximately $650/per suite. One time cost.
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As to finance options:
This can be leased to own at $20/suite/month on a 3 year lease.
The Installation:
This is a non-invasive ‘light-footprint’ install which will not in any way interrupt building operation. There are new techniques for retro-cabling buildings that are much quicker to install than it went years ago. The in-suite install are done with 20-30-min of work per suite.
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