For those who may not be familiar with this initiative, every condominium, townhouse, and gated single family home community should be compensated by the cable provider. This is because the company's wiring has been installed on community owned property and the neighborhood has the right to be paid for that access. Heritage has been working with a broker and bulk negotiating these agreements to maximize these initial lump sum payments.
In addition, some of our properties are also receiving monthly or quarterly revenue share checks on top of the upfront money they received. In these cases, the more residents using the cable provider's service in the community the more money coming back to the Association. If you are one of the communities receiving this revenue share, make sure you reach out to Broadband Planning to lay out ways to increase the amount you are receiving.The providers are even willing to send out special promotions to your residents and sponsor events in the neighborhood by providing food or refreshments.
Heritage, along with Broadband Planning, is about to send out another round of offers!
Keep in mind that acceptance of these offers does NOT mean you limit access to providers. Your homeowners may continue to select whomever they wish for their service! The agreement simply gives marketing priority to the provider of choice in items such as the neighborhood newsletter or welcome packages. If you are one of the lucky communities that qualify this round, you will receive an offer email from your Heritage property manager sometime in the next few weeks!!!
It is not necessary for your Board to reach out to us to see if your community qualifies. We are tracking all properties in our portfolio and will reach out immediately if we have an offer. This is just one more way we are working hard to be as proactive as possible to help your Association thrive!
