With a bulk MDU agreement, a property owner contracts with an internet service provider to purchase service for the entire multi-family community at a discounted rate. Think of it as shopping at a membership-only warehouse club: purchasing internet in bulk is a convenient and more cost-effective way to offer a desired service to your tenants. Learn the features and benefits of a bulk agreement and see if it’s the right choice for your community.
Why Bulk MDU Agreements Matter for Multi-Family Properties
Tenant demand for reliable, high-speed internet continues to grow, so offering fiber internet as an amenity has financial and competitive benefits for property owners. A bulk agreement reduces the cost for owners and residents and allows you to leverage a desired service to draw in more tenants and charge a higher monthly rent.
Key Benefits of Bulk MDU Agreements
Bulk agreements give communities a competitive advantage, lower overall costs, provide tenants with necessary services and simplify management.
Increased Marketability & Property Value
Fiber-connected multi-family units attract high-quality, high-paying tenants. By offering ultra-fast internet service, renters are willing to pay a higher monthly premium and are more likely to renew their leases at the end of their terms. Installing fiber internet in your community also increases property value, making bulk MDU agreements a smart business decision.
Cost Savings for Property Owners & Residents
Since internet services are purchased at a reduced cost per unit, residents will pay less per month than if they subscribed individually. The price is also included in the rent, simplifying billing and management services.
Reliable, High-Speed Internet for Tenants
Offering fiber internet to all residents will eliminate tenant frustrations and service calls caused by slow, unreliable connections. By providing consistent internet performance for streaming, gaming, remote work and connecting smart home devices, renters will be happier and more likely to stay in their units longer.
Bridging the Digital Divide for Public Housing
By having fiber internet in low-income housing authorities, residents will have more affordable access to educational, healthcare and employment resources, increasing their overall quality of life. It also increases the appeal of low-income housing units, potentially attracting more tenants.
Simplified Management & Support
When you partner with a trusted fiber internet provider for the whole community, owners and residents will have one point of contact. Dedicated service agreements for continuous support create less hassle if there are any network connectivity issues.
How Bulk Internet Agreements Work
Setting up a bulk internet agreement is similar to any other service contract. Once you assess your business needs and align your goals with the service provider’s offerings, you’ll be ready to connect your community to ultra-fast fiber internet.
1. Assessing Property Needs & Infrastructure
Gain an understanding of your property’s internet needs by evaluating your current internet infrastructure, looking at resident usage patterns, identifying potential coverage issues within the building and considering future needs by projecting resident usage growth.
2. Choosing the Right Fiber Internet Provider
When shopping for a bulk internet provider, choose the one that offers the fastest speeds, the most reliable service, a cost that matches your business goals and 24/7 ongoing support for you and your tenants.
3. Negotiating Terms & Service Levels
Like most business deals, you can negotiate with the fiber internet provider on the cost, service level and length of the contract. Most providers have flexible options to help you meet your revenue objectives.
4. Installation & Network Deployment
From contract signing to full implementation, the project typically takes 120 to 180 days to complete. Key steps of the process include an initial site survey, construction planning, fiber installation, equipment setup and resident activation.
5. Ongoing Maintenance & Tenant Support
Once service has been installed, make sure you have the contact information for your designated customer support team in case you or your residents need assistance post-installation.
Is a Bulk MDU Agreement Right for Your Property?
If you want to reduce costs, streamline operations and make tenants happy at your multi-family property, a bulk agreement for fiber internet may be right for you. Lumos is here to help you every step of the way, from finding the right ultra-fast, always-reliable fiber internet package for your complex’s needs to 24/7 ongoing local technical support.
To learn more about bulk MDU agreements from Lumos, call us today at 855.977.6059.
