Insider Secrets 51 with Todd Thorpe

<p align="center"><strong>Standout Quotes:</strong></p> <p>"Wires are kind of going away, the traditional cable is going away" - [Todd]</p> <p>"You don't know if you don't ask" - [Todd]</p> <p>"Try to keep up on technology because it changes so much" - [Todd]</p> <p>"Be active on the front end, it really helps on the backend" - [Mike]</p> <p>"Stay on top of your contracts know what's out there because it can come back to bite you" - [Todd]</p> <p>"The two biggest things I see right now are Wi-Fi and streaming services, and you want to make sure you're leveraging technology as much as you can" - [Todd]</p> <p><strong>Key Takeaways:</strong></p> <p>- Todd describes himself in one word, "Authentic".</p> <p>- Todd shares he has always been interested in investing in Real Estate.</p> <p>- Change happens in this business so fast, and the need for connectivity is going to grow, because of this, communities are making changes to encourage people to connect online especially with Wi-Fi</p> <p>- Todd notes the importance of staying ahead and being informed about the technology space to meet the rising needs of customers in this period.</p> <p>- There are 4 ways by which an owner can generate revenue to increase the NOI of their properties by working with a cable or internet provider. </p> <p>- The first is 'Door Fees' or 'one-time payments'. This involves signing a 10-year agreement with the cable company on an amount they will pay you as the owner upfront per door in that property, as they provide internet services to each unit in the property. </p> <p>- The second method is by 'Revenue Shares'. The property owner receives a revenue share payment from the provider which is a percentage of the gross revenue of the provider from the customers they have on the property, usually quarterly. This can be gotten alongside the Door Fees.</p> <p>- Another method is via Courtesy or Complimentary Services, which usually applies outside the home, preferably to areas like the common room, poolsides, or fitness areas, and includes negot