Our real estate investment company has 14 phone lines altogether. For a phone service, we needed a local number, good call quality, uninterrupted service, calling apps for our laptops and cell phones, and an internal messaging platform for team communication. We started out with a niche company called Sound Communications, but their call quality and app were not very good. So once we made a bit more income, we decided to switch to RingCentral. RingCentral provides great call quality and is highly recommended in the real estate investment community. They are on the pricier side—$419.88 per line per year—but I’m OK with the price because their service is worth it and the high-quality phone calls are very important to our business.
The caveat there is the proverbial fine print, usually located just below the really attractive dollar figure. This small print generally details exactly how many months that nice number will remain in effect before the bloom comes off the rose and you start getting billed a much higher number that represents the service's actual cost. Many providers don't even print this higher number on their websites, so be sure to ask the sales guy on the phone before you sign up. The nice number that pulled you in can often double or more once the introductory period wears off. Some providers even attach a minimum length of time that you'll need to suffer these higher costs before you can change or modify the service without getting hit with an additional early-termination penalty fee.
Unless you’re running a major business out of your house, chances are you won’t need or be interested in the ability to do video conferencing with dozens of people at the same time. The same goes for an auto attendant and business software integrations. First decide which features are priorities for you (unlimited calling, voicemail-to-email, international calling plans, etc.) and then take a look at what each company offers. After all, there’s no sense in paying for features that you don’t need.
The only additional piece of equipment that you need is an Analog Telephone Adapter (also referred to as an ATA) that allows you to connect your existing telephone to your home Internet. This equipment is typically provided on a free lease basis from the home VoIP provider that you choose, or you can use you own device if you prefer. You can also use IP phone(s) instead of using the ATA with your existing analog phones. The sound quality is better but there is more up front cost as IP phones are more expensive than the ATA devices.