East Beach Marina is a 136-unit luxury waterfront community located in East Ocean View, just minutes from Norfolk International Airport and downtown Norfolk. Known for its resort-style amenities and high-end design, the property needed a connectivity solution that could match resident expectations and support future NOI growth.
Challenge: Delivering Seamless Internet at Move-In While Increasing NOI
Before partnering with Internet Subway, East Beach Marina faced the same issue many multifamily properties do—delayed internet activation and support headaches during move-in. Meanwhile, the management team was also exploring new ways to drive asset value beyond traditional rent collection.
Solution: Next Generation Managed Wi-Fi with PMS Integration + Resident Portal Experience
East Beach Marina implemented Internet Subway’s Next Generation Managed Wi-Fi paired with a fully integrated resident portal that connects directly to the property’s RealPage PMS. This enabled:
- Automated resident invitation and activation: Internet credentials and activation links are sent automatically through RealPage, eliminating the need for manual provisioning.
- Active-on-move-in internet service: Residents step into their new home with immediate connectivity—no phone calls, no technician appointments.
- Personalized, upgradeable service: Residents can tailor their internet plan through the Internet Subway portal to fit their streaming, gaming, or work-from-home needs.
This streamlined process transformed the move-in experience from a common point of frustration into a highlight of the leasing journey.
NOI Results: $660 Annual NOI per Unit, $1.5M in Asset Value
Beyond the resident benefits, East Beach Marina used Internet Subway’s Next Generation Managed Wi-Fi to dramatically improve property performance:
- Bulk internet cost: $30/unit/month (Internet Subway bills the property)
- Internet fee added to resident rent package: $85/unit/month
- Monthly NOI per unit: $55
- Annual NOI per unit: $660
- Cap rate: 5.5%
- Value added per unit: $660 / 0.055 = $12,000
- Minus CapEx for retrofit, equipment, and deployment: -$800
- Total property value increase: 136 units x $11,200 = $1.5 million
This single technology decision created significant financial upside without adding operational complexity.
Resident Benefits: Instant Internet + Flexible Upgrades
With the move-in experience transformed, East Beach Marina’s residents now enjoy:
- Instant, hassle-free internet at move-in
- Ability to personalize network, upgrade speeds, and add ancillary services like Public Static IP address or VPN services
- Consistent, property-wide Wi-Fi that supports smart home features and remote work
These premium services elevate resident satisfaction and support higher lease conversion and renewal rates—creating a win-win for both management and renters.
Wins for Experience and Economics
By integrating Internet Subway’s Next Gen Managed Wi-Fi and resident platform with their RealPage PMS, East Beach Marina eliminated internet-related move-in delays, improved the resident experience, and unlocked over $1.6 million in new property value.