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:
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.
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 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.
Contact Zipplex via their website or Facebook page. Tell Danny and Steve that Wifiplex is sending you!
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.
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.
All these tools will save you time, optimize your management as well as the value of your multi-unit buildings. Time is money! 😉
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?
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.
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!
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.
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
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.
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.
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.
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.
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.
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.
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!
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.
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 weeklyYoutubevideo 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.
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.
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!
