CREI Partners

Real Estate Investments

The Untold Stories of Real Estate Investing Podcast

Creating Streams of Income through Cable Contracts with Kevin Gardner

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CREI Partners
CREI Partners
Creating Streams of Income through Cable Contracts with Kevin Gardner
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In this episode, Wayne talks to Kevin Gardner, President of Multifamily Utility Solutions (MUS), about creating miscellaneous income through cable, internet, and other contracts.  Kevin spent nearly 20 years with Comcast and was responsible for managing the team that negotiated telecommunications access agreements with multifamily property owners. For multifamily property owners and their management companies across the country, Kevin’s experience has resulted in favorable contract terms and improved net operating income (NOI). In 2021, MUS’s clients increased their NOI by more than $4 million, resulting in an increase in asset value of more than $100 million.

Topics on Today’s Episode:

  • Comcast: How Kevin got started in multifamily investments and settled into cable niche
  • Profit-Sharing: How Kevin’s contracts work for multifamily tenants and property owners
  • Buy in Bulk? You buy and pay for 100% of your unit whether amenity is used or not
  • Bulk Agreement: It’s a fixed expense, so find out if there’s a contract via financials
  • Right of Entry: Compensation given for permission/authorization to be on the property
  • 100: When to add revenue to NOI with new or renewal agreement/contract opportunity
  • Future of Cable: Streaming is inevitable but broadband pipe is critical to have for access
  • FCC Ruling: Protect consumers and not eliminate or limit their choices for financial gain 

Links and Resources: 

Kevin Gardner

Multifamily Utility Solutions Kevin Gardner’s Email: Kevin@MultifamilyUtilitySolutions.com Kevin Gardner on LinkedIn Federal Communication Commission (FCC)

CREI Partners

Wayne Courreges Free Passive Investor eBook by Wayne Courreges The Untold Stories of Real Estate Investing Podcast CREI Partners on Facebook

About Wayne Courreges III

Based out of Central Texas, Wayne leads the investment life cycle and investor relations for CREI Partners as the Lead Sponsor and General Partner. CREI Partners is a privately held investment company focused on acquiring multi-family value add opportunities throughout the Austin, San Antonio, and Houston region. Contact Wayne at 512-710-2500 or wayne@creipartners.com for more information on future investment opportunities.