The Wifiplex Difference

The Wifiplex Difference

A simple question: Why choose Wifiplex as a multi-housing internet provider? What is the Wifiplex difference?

As a savvy real estate investor, you are looking for a solution to provide internet to your tenants in order to increase your income. During your internet searches, you found several providers with the ability to help you in your multi-housing internet project.

Choosing the right partner is essential because you must provide a quality service to your tenants. How do I find the right partner? Here are our tips to help you make an informed choice.

Team profile and experience

Just like you, we are property owners. We know your reality and the challenges of the market. We are even looking for ways to maximize the value of our rental units. We are in the best position to advise you.

We started Wifiplex precisely because of an optimization project making us realize how the concept of providing internet to tenants is a lucrative and interesting improvement.

Having been in the field of for more than 20 years, we have combined our passion with that of real estate. We decided to share this recipe with others passionate as you are.

Business serious and offices

Unlike many of our competitors, we operate in offices with employees present 7 days a week, 12 hours a day. You can come and see us whenever you want! Just off Highway 15 in Blainville:

It may seem trite, but this simple detail demonstrates the seriousness of a company. Did you know that only 48 companies survive beyond 3 years of existence? What will you do with equipment sold by a supplier that would no longer exist in 3 years? You have 1 in 2 chance of choosing the wrong supplier by doing business with a start-up!

Would you entrust your tenants to a company operating at the shareholder’s home and having only a few months of existence? Do checks on the company’s head office, ask for established customer references. You will see that serious players in the field are rare.

Over the past few years, we have built a solid reputation in the real estate industry, managing and operating thousands of doors throughout Quebec.

Equipment used

Be sure to choose a supplier that uses commercial grade equipment. You’ll want state-of-the-art equipment that can last for years. Competitors use residential-scale equipment to reduce the cost of their facilities. These devices are designed to serve less simultaneous connection, offer less performance and have a shorter lifespan.

Wifiplex installs only commercial range products, from recognized suppliers. Our facilities are the same as you will find in hospitals, shopping mall, amphitheaters…

If you compare prices, be sure to compare with the same equipment. We will match any submission from a competitor.

Technology and configuration

Be sure to choose a supplier that will be able to handle all types of devices securely. Make sure that the networks are well segmented (VLAN) and that it’s possible to trace the use of tenants if you receive a notice of copyright infringement.

Computer security is at the heart of many discussions and will continue to be so. How many times have you heard of identity theft? Too often this situation comes from a poorly secured wifi network. Wifiplex offers security with bank-grade encryption, which greatly protects your tenants. They will sleep on their 2 ears and so will you because you are partly responsible for giving them a secure network.

A simple router purchased in a large area with a shared password will not offer you this protection.

We also have the experience to advise you on the number and appropriate placement of antennas. This is the most important point of the project. A little experienced company will badly advise you and your tenants will not be well served, causing frustration and complaints.

Technical support

Once your system is installed, technical support is the most important point to consider. Your tenants may have questions to connect to the internet and if your provider does not have effective technical support, they will turn to you, the landlord, to answer their question. You are not experts in internet networks, entrust this service to a professional team dedicated to this type of service.

  • Are they open every day, evening and weekend?
  • Are they reachable via several methods (phone, email, chat)?
  • Is the service in Quebec or via a subcontractor?
  • Can they call the ISP for you if there is a problem?

Wifiplex offers a technical support service 7 days a week and 12 hours a day. Our team, formed specifically to answer tenant questions, is located in the Montreal area.

Web presence and in the real estate investor community

As with any other goods and services you shop for, you’ll want to compare with references and reviews on the internet. The number of references available is a good indicator of a company’s reputation.

Check the number of Facebook “likes” and Google Business reviews. Check out the Youtube videos available with major players in the real estate sector. Check out companies with a partnership with them.

Among our main competitors, we have the most positive reviews on Google Business, the most Facebook likes and the best partners:

We participate in monthly events involving hundreds of real estate investors:

We participate in the filming of dozens of video capsules with actors represented from the real estate sector:

And partner with all the major internet service providers in Quebec:

  • Vidéotron
  • Bell
  • Telus
  • Cogeco

These partnerships would not be possible without our dedication to providing quality service.

Summary

It’s true that the supply of multi-housing internet providers is constantly growing. Know how to identify solid, experienced and above all companies recognized by the players in the real estate industry. Compare prices wisely and do business with the best.

Contact us for a personalised bid, tailored to your building and tenants.

The best technology tools for real estate investors

The best technology tools for real estate investors

In a world that is constantly changing you need to stay on the lookout to be more competitive in managing your real estate portfolio.

Real estate has been an area where technology has taken some time to establish. Five years ago, we rarely heard landlords talk about providing the internet to tenants or application for prospecting and managing blocks with applications for tenants. Today they are essential tools for optimization and asset management solutions. In the middle, some refer to it using the term proptech,a merge between property and technology.

This article will offer you some of the best technological tools for real estate investors.

Zipplex

Zipplex is an innovative and powerful tool designed, among other things, to help you establish the market value of homes across the province.

Zipplex allows you to quickly find apartment comparables for rent and specific data from a specific area. Often difficult, laborious and especially long tasks. Using a phone or computer, you can access the platform and see a map of your area and comparable homes. You will then be able to set your rents based on comparables in the sector based on various databases! A simple but effective tool.

On the price side, Zipplex offers an affordable choice of monthly, annual and corporate package. You can even try the tool for free for 72 hours.

Contact Zipplex via their website or Facebook page. Tell Danny and Steve that Wifiplex is sending you!

Image search result for "block.solution""

Bloc Solutions is a tenant relationship management platform and enables the generation and signing 100% residential lease online.

The goal of the platform is to reduce paperwork and waste of time by digitizing your management. You can also communicate with tenants, keep track of all communications, manage your documents electronically and get an overview of your properties.

The platform adapts to any customer, whether you have a single building, a few units in management or several hundred units, Bloc Solutions adapts to your reality. The tool is accessible via web and offers a free plan and a $1/door plan with advanced features.

Francois-Xavier and his team are very active in all events(CIIQ, Corpiq, Mrex). You can ask your questions directly or via their website or Facebook.

Walter is a virtual janitor. It allows you to centralize all the information, communications and services in your building in one application.

For example, an owner may use the app to communicate with all residents of an upcoming maintenance or to display all the regulations and documents of your buildings for residents. It is also possible to book common areas, swimming pool, gym areas or other amenities.

Residents can also use the app to notify the owner of a repair to be made. It is even possible to attach photos when creating the query. It also allows businesses adjacent to the area to display their service so that residents can benefit from it. You can see all the features directly on their website.

Based in Montreal, Walter became known, among other things, following their appearance on CBC’s Dragon’s Den. Founders Eric and Thierry listen to customers, visit their website or Facebook page to learn more.

https://www.youtube.com/watch?v=Sis9VBXuVnA&feature=emb_logo
LogoWazo

Wazo is the first real estate management software with artificial intelligence in Quebec. Although this application is still in the pre-launch phase, it looks very promising and we will be interested in trying this platform as soon as it is officially launched.

Wazo promises to take full responsibility for your administrative and accounting tasks. A lots of features including:

  • An integrated management platform
  • Centralized document management
  • Access to administrative information
  • Account management of payable and receivable
  • Creating financial reports and market data

Prices for this new platform have not yet been revealed. Kevin Pepin, one of its founders is very involved in the field of real estate… That’s a promise. Visit their website or Facebook page to learn more.

Image may contain: phone

All these tools will save you time, optimize your management as well as the value of your multi-unit buildings. Time is money! 😉

Benefits of providing the Internet to its tenants

An owner has several advantages to offer WiFi/Internet to its tenants. Depending on the number of units and the price offered to the tenants, the owner will make a monthly profit. Given that the value of the building is based on the monthly income, the value of the building will be greatly improved. So the next refinancing or the sale of the building, the owner will make a lot of money.

Internet/Tenant Benefits-3 major benefits

Value of the building/return on investment

One of the most important benefits is the value you will give to your building. If a tenant pays $45 more per month in his lease, depending on the location, the city of your building, this will give about $8.000 of value to your building. When refinancing this will give you a conservative amount of $5.000 in your pockets. So for a 6plex we talk about $30.000 in your pockets to refinance! Wifiplex.ca offers a turnkey set for a 6Plex from $1.900. Do you know of an investment that will give you such a high and fast return?

Advantages Internet Tenants

Smart Building

Another advantage of providing the Internet to your tenants is that you will make your building smart. You will be able to add cameras for the safety of your tenants. The population ages and several tenants want to pay more to have some security. So they will have some peace of mind, sleep better and live happily in your building.

Advantages Internet Tenants

Extra Service

On the tenant’s side, I suggest you approach them by asking them if they are using the Internet. In 2018, we can say that the Internet has become an essential need. Personally, I do not know anyone who does not use the Internet. Ask your tenants what Internet package they have right now. The smallest Internet packages in the recognized companies are about $46 per month plus taxes so practically $53 for the first 6 months, then they pay $59. At this price, they have a speed of 10 or 15 Mbps with a download limit of 50Gb per month. So there’s no question of listening to movies every night or doing “Facetime” every day. Those who have a larger internet package can easily pay $80 a month. Your goal is to save your tenants so that they want you to set up the WiFi/Internet as soon as possible. You will be a source of economy for them by lowering their spending!

Advantages Internet Tenants

Wifiplex will accompany you from the beginning to the end of the project, through the management of change with your tenants, how to include it in your leases to ensure you have the best return on your investment and much more. You will therefore be able to give the internet to your tenants in record time with simplicity and with the best possible return. Contact Us to start your project! We will talk about support for your WiFi solution, how to put a WiFi system in place and optimize it as well as security in our next articles.

Explanation of Internet Servcice Multihousing

As a corporate partner of CIIQ,we have recently done several events explaining WifiPlex’s multi-unit internet services.

Being attentive to our customers, we have adapted our services so that it is even easier for the owners to provide the internet to their tenants. Our goal is to offer you a turnkey system that will require very little effort to put in place and above all with transparency in terms of costs.

The price we submit to you is all inclusive, from the configuration to the wiring as well as the onsite installation. First of all our system has as its primary purpose to increase the value of your building by adding one more service, so gives you the opportunity to increase your rents. More income is synonymous with more value.

The Wifiplex system will be fully reimbursed in about 1 year. So you made the right choice and decided to provide the Internet to your tenants. Congratulations! Excellent decision! You are in a few steps to give the highest value increase to your building compared to the required effort. Here’s in detail the Multi-Unit Wifi purchasing process.

We also published a video on Facebook in partnership with Patrice Menard’s team. The video explains our services in detail.

https://www.facebook.com/pmml.ca/videos/341886869890426/

Multi-housing Internet Purchase

Wifi Antenna Planning

Buy Multi-Unit Wifi

First of all your project will begin with the analysis of your building plans with our specialists. We need to analyze where your antennas will be placed in order to reach 100% coverage. This is the most important step of the project because better will be placed the antennas, the better the Internet service to the tenants. Several variables are to be analyzed such as the dimensions of the building, the number of floors and especially its building materials. Some materials such as concrete attenuate all Wifi waves, the metals create interference and some insulators are also enemies of WiFi. Generally, the minimum number of antennas for the building size is as follows:,

  • 6 apartments: 1 to 3
  • 8 apartments: 2 to 4
  • 16 apartments: 4 to 12
  • 32 apartments: 6 to 16

The number of antenna varies depending on the building materials. The concrete and sonopan are the 2 materials that blocks the Wifi signals. Our equipment will be able to accept more antennas without problem.

Purchase of equipment

Buy Multi-Unit Wifi

Once the number of antennas is set, your equipment order will be placed. You should expect a delay of about 2 weeks before your equipment is assembled and configured to your specific needs. The setup fee is included in our prices.

Choice of Internet provider

Buy Multi-Unit Wifi

While your equipment is on order, we will send a request to your internet service provider. We take care of this step for you. You do not have to contact them. They will contact you and according to our recommendations you will be able to have your Internet link installed before receiving our equipment.

Installation, cabling and testing

Buy Multi-Unit Wifi

While your equipment is in order, we will set a date with you for the installation of these. This date must be set after your internet service provider has visited. When we confirm that the Internet service is functional, we will move with the pre-configured equipment for the installation. Cables will first be passed to the places where the antennas are to be installed and fixed. The antennas and the Internet link will be plugged into the equipment. The technician will perform cover tests by moving with a specialized device to detect any area where the signal would be low. If the tests show a signal weakness in some places, he will propose the addition of antenna to remedy the situation. If the coverage is acceptable, the installation is complete.

Delivery of information to tenants

All that remains to be done at this point is to provide the tenants with the username and password that we have provided to you. The document provided also contains the indications with our contact information so that the users contact us in case of problems or questions.

Tenant Support

Buy Multi-Unit Wifi

If a tenant has questions or problem related to the Internet, they will contact the Wifiplex support team directly. This service is included in our initial offer of $3/door/month. You don’t have to deal with the internet problems of your tenants! There you go, it’s installed! A few hours of your time will have allowed you to greatly increase the value of your building!

Reduce Internet costs in Condo buildings

In condo buildings, some homeowners pay their own Internet fees and in other buildings, it is part of the monthly condo fee because the fees are paid by the Condominium syndicate. One of the ways to save on Internet fees when you have a condo is to have Wifiplex’s equipment installed in your building.

Condo owners can make significant savings. Often condo fees are paid by the Condominium union. Here is an example of a 36 condos at Mont Tremblant. Each owner pays $70/month for their Internet 30mbps since they have a volume agreement with the 36 condos. So together they pay $2520 monthly for their Internet. WifiPlex will bring an internet connection of 940mbps for $150/month and thus save them $2370 monthly (2520 $-$150).

Wifiplex’s equipment with the installation costs $6900 since they have 4 condos per floor on 3 floors with concrete floors, for a total of 12 condos per section. They have 3 sections so in all 36 condos.

Each condo must also join our technical support service at a low cost per condo. If they have trouble with the internet, device additions, security updates, password changes, and more.

Their Wifiplex equipment therefore pays Three months. Thereafter, they will have a real economy each month of $2262. This Which gives an economy per condo of $62.83 per month. Their internet fees Monthly will be $7.16 including technical support.

With these significant savings, condo fees will decrease, give a capital gain as it will make the condos in your building more attractive to prospective buyers. Condo fees are an integral part of your fixed costs, so it’s a very good idea to lower these costs.

Internet Condo Fees Apartment

Internet Condo Fees Apartment

The installation of Wifiplex equipment is similar to the installation of multi-dwellings. We send our installer to install our equipments, wire the antennas and do the network coverage tests. Some accommodations can also be wired as needed for wired access.

Your building becomes intelligent and So you can also add cameras to the network, security system and more.

Speaking of camera, Wifiplex should have some nice news sometime in the year 2019 for you.

Internet Condo Fees Apartment
Steps to include internet to your tenants

Steps to include internet to your tenants

Several people are asking us for steps to include the internet in tenant’s leases. This question seems simple, let’s just try to answer it as well.

Choose Equipment

You need to choose reliable equipment that has proven its worth. Be careful to read reviews from other buyers before you buy so you don’t get caught with equipment that you need to restart a few times a week for them to work. Wifiplex provides you with commercial-grade equipment (equipment that can be found in hospitals, shopping malls, amphitheaters) that have a proven track of signs. Read our article to learn more about the difference between our equipments and those sold in supermarkets.

In addition, your accountant or tax professional will be able to add purchase costs to your capital or transaction expenses.

Support technical to the tenants

One of the points that will keep your tenants as customers of your internet network is the quality of the technical support offered. Wifiplex offers you a qualified team that is dedicated solely to the technical support of your tenants. Think about it for a moment, if your tenants are having technical difficulties connecting their new devices to your building’s Wifi network (game console, Wi-Fi fixture, smart TV, wi-fi robot sweeper) and they don’t have any help, what’s going on happen? And problems of slowness, old computers, different game consoles or Wifi printers, etc. Is it possible that they have some frustrations and that you lose them as customers? And if you lose them as customers, who will pay for your Wifi/internet equipment that you just bought? That’s why it’s important not to overlook this in the stages of your project.

The installation Equipment

The location of Wifi equipment is important because if you don’t place it in the right places, you may have problems. If the appliances heat up because you put them at the top of a refrigerator or in a place without air circulation, the electronic equipment will release some heat and stop working. Wifi antennas must be positioned in the right places to cover the accommodations optimally. The last thing we want is for tenants to contact us because their network is too slow or because the signal is not strong enough. The wiring of the antennas is just as important so that the network wires are not too visible or within the reach of the tenants. The ideal is that the network wires powering The Wifi antennas blend into the decor of your building. Wifiplex employs specialized cable companies in Wifi equipment installations and will perform optimal installation.

Inform tenants that you are providing a new internet service

You will have to tell the tenants that you will save them every month on their internet plan. They will have more speed, with unlimited download and access to support 7 days a week. Wifiplex can also provide you with a document to help manage change with your future customers. We have written an article about this that will inform you about the benefits of subscribing to our internet service. Remember that we are here to accompany you throughout the process, before, during and after your purchase.

Internet provider

You will need a reliable internet provider that offers good speed and is able to resolve technical problems quickly should their service no longer work. We advise you to do business with Videotron, Bell, Cogeco or Telus directly and not internet service resellers. The reason is simple, resellers are one too many intermediaries in the equation and will take longer in case of technical trouble. Wifiplex has partnership agreements with major internet providers. We will offer you the best internet provider depending on the city and the location of your building. You won’t have to contact them and explain that you want to take an internet link to share it with all your tenants.

Include your new internet service in leases or in annex?

If you are in the lease term, you can make an amendment to the existing lease to include the new rent including internet service. We advise you to check the CORPIQ website to get a copy of this change. You will be able to write that you now offer the internet in the “Other Services” included in the lease. In this case, during the refinancing the bank will ask you to provide them with invoices related to internet charges such as your internet provider, technical support, etc. Now that the value of your leases has increased, so will the value of your building.

You can also put the new monthly rent amount in the lease, indicate that you include the internet in the lease in a “lease annex” and have it signed to the tenant. This part will be linked to the lease and will explain to them that they will have internet included in their lease. Once again, the CORPIQ website will give you an example of an appendix. Wifiplex can also give you an appendix model to make your job easier. For the tenants it doesn’t make any changes. For the owner, on your next refinancing, your financial institution will ask you for the leases. It’s up to you to give them the appendices or not. In this case, the bank will not ask you for the invoices of your internet fees which will maximize the economic value of your building to its full potential and therefore therefore more money in your pockets.

The last option would be to add the internet to the next lease renewal by explaining to the tenants in writing that you will provide them with the internet included in the price of the increase in the lease or in annex.

Submit new Internet network information in writing to tenants

Once the internet/Wifi network is in place, you will be able to submit in writing information such as the name of the network and password or better yet, a username and password specific to each tenant for security. Write basic instructions to prevent tenants from bothering you to find out the name of the network, for example. Wifiplex offers a turnkey service. We will give you this information for each accommodation following the installation of your internet network. We strongly recommend that you include on this sheet a phrase saying that tenants are responsible for their internet consumption. We also suggest that you include this phrase in your building settlement so that your internet usage policies are known to all. If your tenants go to illegal sites, you will be protected. Network security is Wifiplex’s priority, we protect landlords as well as tenants among themselves as each tenant has their own individual secure access. If a tenant does something illegal, the landlord will send us the written message they received from their internet provider and a member of management will be able to provide them with information about the offending tenant. Prevention is better than cure. If your tenants go to illegal sites, you will be protected.

The best Real Estate Blog and Training to follow.

The best Real Estate Blog and Training to follow.

Like us if you’re interested in real estate, you’re always looking for ways to learn more about new trends. In recent years, more and more Quebec blog are looking at real estate and financial independence. We have collected our favorite blogs and trainings that we consult daily. We compiled them in no specific order.

Best Real Estate Blog

1 – Better Investing

Best Real Estate Blog

One of the most visited sites in Quebec, MieuxInvestir offers regular articles on investments and real estate. Operated by Dominic Goulet-Lapointe in recent years, several subjects are democratized and detailed. His most popular articles are viewed more than 25,000 times and he is followed by more than 12,600 people on Facebook. Mr.Goulet-Lapointe also offers coaching and a free Ebook.

Here is the preface to his website that you will want to follow his blog:

[…] This dry loss shook me and highlighted my ignorance on all matters of money. To make up for this glaring lack of knowledge, I began to read everything I could find about personal finance. At 19 I had to find out how to invest better! TO BECOME THE BEST, YOU MUST SURROUND YOURSELF WITH THE BEST. I would like to share with you my experiences, ideas and readings on best practices in personal finance, real estate and securities.

2 – Young Real Estate Investor

Best Real Estate Blog

Site operated by Steve Forget, a 41-year-old real estate investor who has been accumulating doors for 9 years. In 9 years of real estate investment, he has accumulated 65 units, 56 residential and 9 commercial. The articles on the blog are not very frequent but he is very active on Facebook, where more than 17,000 people follow him.

Blog preface:

In 9 years of real estate investment, I have returned to 65 units, 56 residential and 9 commercial. We also manage 35 additional accommodations for clients. Why do I find real estate interesting? I think it is a fairly safe and “simple” way to achieve some financial independence. For me financial independence is to be able, on a not-so-distant day, to allow me to take a few months off a year to travel, because traveling is definitely my no.1 passion in life.

3 – Club Investisseur Immobilier and Real Estate Investor Club

Best Real Estate Blog

CIIQ and REIC (for regulars) are real estate investor clubs that offer monthly networking training and events in Montreal and QuebecCity. The two events are similar although independent of each other. One is for a French-speaking people and the other for an English-speaking people. Their events taking place on the 2nd Tuesday of each month attracts hundreds of investors. The French club is operated by Jacques Lépine and Yvan Cournoyer. They have several popular books and training. The English-speaking club is run by Jean-Philippe Claude, whom you have certainly seen at the French-speaking club as a speaker. If you’re travelling to one of the monthly events, check us out at our Wifiplex kiosk! 😉

A Facebook group with more than 55,000 members and also available for free.

4 – ImmoReussite / Stephanie Milot

Best Real Estate Blog

ImmoReussite is a site offering videos and training to start in real estate. Stephanie Millot, author of several best-selling books, lecturer and businesswoman. It offers training video and in person, as well as holding several events that attract hundreds of people.

ImmoSuccess is THE infallible method for anyone looking for a winning recipe to get started and/or accelerate their success in real estate!

5 – MREX

MREX offers training and organizes various events to learn how to create wealth by investing in multi-housing real estate. Led by Nikolai Ray, a solid team with many years of experience and more than 1500 customers. Free podcasts are also available on their website. Episodes are added regularly. Their Facebook page is also very popular with 8000 members.

6 – PMML

Best Real Estate Blog

The PMML site is not a blog as such. It is a major real estate broker specializing in multi-housing and commercial real estate. On the other hand, their weeklyYoutube video clips are an interesting source for anyone interested in real estate. Patrice Menard’s team informs us about the latest trends and meets important players in the industry. In addition, the PMML market report is an essential source of information for anyone who wants to acquire a multi-unit building.

7 – Les Mordus d’immobilier

Best Real Estate Blog

Group created by Jocelyn Grégoire, one of the most active groups on Facebook with more than 20,000 members. Fans also organize training events,publish a magazine, blog and offer private training. Mr. Gregory accumulates the doors at a crazy speed. His videos and capsules will give you the motivation you need to take action.

8 – Immo Facile

Best Real Estate Blog

Ghislain Larochelle managed to live off real estate following a desire to increase his quality of life and leave the famous rat race. 102 doors and 92 flips to my credit later, Ghislain offers his knowledge using various methods. Conferences, coaching, training, books, blog, Journal de Montréal and inspiring videos that are published frequently on Facebook for free. Inspiration to start in less than 90 days, do like more than 28,000 people and follow the group!

Security camera in multi-housing buildings

Security camera in multi-housing buildings

In addition to offering internet solutions in apartment buildings,we have begun to offer security solutions via cameras.

Security cameras for voting apartment buildings can be very useful for a variety of reasons:

  • Provide more security for your tenants, so renting your homes more easily
  • Check your lobby or back doors for unwanted visitors
  • Find the wrongdoer at an event in a common space and outside
  • Monitor the parking lot of the building
  • Follow the work or the presence of a subcontractor

If you already have an internet system with us, adding camera is extremely simple. If you don’t have one, you should first evaluate whether your internet system is compatible with our equipment. If you do not have an internet connection in your building, the first step will be to install our internet service.

The cameras are discreet and installed quickly according to your needs. Several camera models are available, both indoors and outdoors.

multi-housing surveillance camera

You’ll be able to watch the videos directly on your mobile device or workstation. It is possible to record continuously or record only when there is movement. Devices will be configured to meet your specific needs. So you can go and rest somewhere else on the planet and keep an eye on your buildings.

Multihousing Camera Video

Here is a video explaining in detail our service:

We hope we have been able to enlighten you on the benefit of installing surveillance cameras in your building.

Contact us to receive a quote

Reduce Internet costs in Condo buildings

Reduce Internet costs in Condo buildings

In condo buildings, some homeowners pay their own Internet fees and in other buildings, it is part of the monthly condo fee because the fees are paid by the Condominium syndicate. One of the ways to save on Internet fees when you have a condo is to have Wifiplex’s equipment installed in your building.

Condo owners can make significant savings. Often condo fees are paid by the Condominium union. Here is an example of a 36 condos at Mont Tremblant. Each owner pays $70/month for their Internet 30mbps since they have a volume agreement with the 36 condos. So together they pay $2520 monthly for their Internet. WifiPlex will bring an internet connection of 940mbps for $150/month and thus save them $2370 monthly (2520 $-$150).

Wifiplex’s equipment with the installation costs $6900 since they have 4 condos per floor on 3 floors with concrete floors, for a total of 12 condos per section. They have 3 sections so in all 36 condos.

Each condo must also take technical support at $3/month per condo ($108 for 36 condos) to have technical assistance if they have troubles with the Internet, device additions, security updates, password changes, and more.

Their Wifiplex equipment therefore pays Three months. Thereafter, they will have a real economy each month of $2262. This Which gives an economy per condo of $62.83 per month. Their internet fees Monthly will be $7.16 including technical support.

With these significant savings, condo fees will decrease, give a capital gain as it will make the condos in your building more attractive to prospective buyers. Condo fees are an integral part of your fixed costs, so it’s a very good idea to lower these costs.

Internet Condo Fees Apartment

Internet Condo Fees Apartment

The installation of Wifiplex equipment is similar to the installation of multi-dwellings. We send our installer to install our equipments, wire the antennas and do the network coverage tests. Some accommodations can also be wired as needed for wired access.

Your building becomes intelligent and So you can also add cameras to the network, security system and more.

Speaking of camera, Wifiplex should have some nice news sometime in the year 2019 for you.

Internet Condo Fees Apartment
Refinancing a multi-unit building

Refinancing a multi-unit building

A must for any real estate investment, the refinancing of a multilogment, is not a pleasant step. To maximize leverage and minimize risk, having maximum refinancing is an interesting strategy. It allows, most of the time, to fetch large amount that allows us to invest money again. For example, if you invest $100 000 on an income building, and you are able to get it back at refinancing a few months later, you can say that you have made your money work well. But how?

The different options for multihomed refinancing

Some options are available to you: Flip, new construction, purchase-resale often called speculation, etc.

Multi-plex refinancing

1-” The flip ” is a duplicable option to buy a building, renovate it and refinance it or resell it. If you sell it, you will be taxed on profit (which happens to be the price sold less the purchase price). If you refinance it, you will be able to get back for some or all of the money you originally invested. You will then not be taxed on profit but be careful, you will have to invest the money again. You can’t go shopping and buy a new home theater with the money you’re going to take back. This strategy will take more or less 1yr to be carried out according to several factors: the time to relocate the tenants, to have the work done by a qualified contractor and to re-rent the dwellings.  This option is good if you are in acquisition mode and you plan to keep your buildings for a long time. In addition to giving you a nice pension fund if you wish, the fact of having renovated your entire building will save you problems for the next few years. You have to calculate the numbers before you buy your building. Knowing the sector is often one of the most important points. We recommend that you renovate the whole building and with good quality materials to be able to rent more expensive accommodations. By renovating with condo quality, you could potentially rent at about the same price as condos in your area. In this way, you will increase the value of your building since the value is based on the income of your building. Speaking of paid renovations here are some examples :

Multi-plex refinancing

Several other renovations are good for the glance and will help to rent your accommodations more quickly and to good tenants :

  • Luminaires and recessed
  • Paint
  • Quartz or granite countertops
  • Heat pump to reduce tenant’s heating costs
  • Soundproofing
  • Home Staging
  • Several other

Multi-plex refinancing

2-In the case of a new construction, you have to buy a land, you have to build a building and only when it is fully rented, you can refinance it. If you have calculated correctly, you will be able to resume your bet. This strategy will require at least 6 months and often it’ll take more time. It is also necessary to calculate the time to do ground studies, to change zoning if necessary, to have plans made by an architect, to have these plans approved by the city, to find a good qualified contractor to build and finally to rent the accommodations. If you are well organized, you will even be able to rent the buildings during the construction to reduce the delays before being profitable.

When your project is well optimized, you can go to the refinancing stage.  Look for a good and proven mortgage broker who can take care of you. Check with whom he has already worked and do your little investigation before. If you know people around you who have already done business with him and everything has been good, it is positive. Now, with social networks, it’s pretty easy to go and see the comments on a person or agency. The right broker will allow you to maximize your return, and resume your bottom-up and other investments that you have made on your building. It is not an easy task to mount a formal case. Your file must be complete and realistic according to several scales. You must know the criteria of financial institutions, the ratio of debt coverage RCD, interest rate, amortization, CMHC, ratio loan VPN value, economic value EV, market value VM, the qualification rate, and I pass. Complete trainings of several days are necessary before you can begin to master these calculations in a real world.

One thing is certain from our point of view, real estate investment, if you are well trained is a safe investment. The MrexCollege, the Real estate Investor Club, Immo facile, the faculty of real estate enthusiasts are resources to know. It is not the training that is lacking.