Question 1

When should a community association start the procurement process for a new bulk agreement before the current one expires?

Accepted Answer

It is advisable to begin the procurement process 18 to 24 months before the current bulk agreement expires. Starting this early ensures that all available options remain under consideration. Depending on the size and complexity of the community, a new provider may require 12 months or more after signing the contract to secure necessary permits, construct a new network, and fully activate services.

Question 2

With the rise of streaming services, what are the best alternatives to including cable in a long-term bulk agreement for our community?

Accepted Answer

In recent years, the phrase "cutting the cord" has become widely recognized, describing consumers who opt out of traditional cable TV services in favor of streaming alternatives. This shift might be noticeable in your community, where some residents could be leaning toward high-speed internet rather than relying on bulk cable packages.

Given this trend, if most of your community prefers streaming over cable, it may be smart for the association to focus on securing a bulk internet-only plan during the next renewal period. On the other hand, if cable still holds strong appeal, consider negotiating a flexible contract. For instance, YFi Advisors ensures that all of its clients secure an agreement to include an option to transition from cable to internet-only at a pre-set rate anytime during the term, balancing adaptability with the association’s long-term needs.

Question 3

What is the recommended internet speed for a community bulk agreement to ensure it meets residents' needs?

Accepted Answer

When implementing a modern fiber-to-the-home network, we recommend starting with symmetrical internet speeds of at least 500 Mbps to effortlessly support streaming, gaming, video conferencing, and multiple devices simultaneously. Additionally, ensuring your network is equipped with the latest modem technology maximizes performance today and guarantees compatibility with future advancements, protecting your investment.

Some associations may prefer initiating service at 1 Gbps symmetrical speeds to accommodate high data demands and future growth. Regardless of your chosen starting speed, YFi Advisors can help structure long-term contracts that include guaranteed incremental speed increases, effectively future-proofing your association's connectivity and ensuring the network continually meets evolving resident needs.

Question 4

Our community lacks a bulk agreement but seeks to enhance internet services. What are our available options?

Accepted Answer

Communities without a telecom agreement have valuable opportunities to significantly enhance their internet services. Explore options like Retail Marketing Agreements or Bulk Internet-Only Agreements, which offer financial benefits and upgraded infrastructure.

Question 5

Is a bulk agreement advisable for a community with a high number of seasonal residents?

Accepted Answer

Absolutely—bulk agreements can offer significant value, even with seasonal residents. Continuous connectivity supports security systems (e.g., Ring doorbells) for peace of mind during absences and provides an attractive amenity for rentals, enhancing property appeal. Additionally, with providers offering apps to access your cable programming remotely, you can enjoy your content wherever you go, potentially eliminating extra subscriptions and saving costs.
To discuss how this solution fits your community, please contact our team for a personalized consultation.

YFi Advisors

FAQs

jguertin@yfiadvisors.com