When a property owner leases his or her territory to cell phone companies in order to place mobile phone towers, they receive a cell site lease payment for that land. Apart from providing a profitable financial investment, there are several other ways in which cell tower leasing can benefit landowners. There are several factors that usually determine how much money a landowner receives for leasing their land. A few of the factors include the location of the land and how big the organization making the agreement and a lot more significant factors. Following are a few of the benefits of cell tower leasing.
The first benefit of cell tower leasing is that it provides you with a passive income. This sort of income is one which is earned without applying a lot of effort or some other kind of difficult work. As a landowner, all you need to do is offer your land and allow the business do as you agreed or signed at a contract. You will not be required to spend any amount of money maintain the land or any other thing. The phone company you lease your land to will assume all the physical responsibilities at hand.
Secondly, the other significant benefit of cell tower leasing is that you will not be required to spend any kind of capital. The cell company intending to use your property won’t require any payout from you since the home owner which makes the investment really safe and simple. For new land owners, this variable is extremely valuable because of the shortage of experience in what’s required of them to properly manage a property or leasing which could make other complex leases less viable.
The other benefit of cell tower leasing you should know about is collocation. The meaning of collocation is whereby multiple wireless providers use a single cell tower. This is another good method to smile all the way to the bank because you will not get passive income from just one cell phone company but from three or two more cell phone companies. Consequently, if you qualify for a collocation; you should not hesitate to take the offer. That’s of course after determining whether you’re okay with the terms and conditions of the agreement.
The location of your land as a land owner could also bring you huge fortunes. For example, If your property is situated in a strategic place whereby there is little or no frequency disturbance in any way, then you could just become a billionaire inside a brief time because of the high need that from mobile phone companies. The property will also automatically be eligible for a collocation. You will also be able to use the competition to your benefit and negotiate higher rental rates. At the end of the day, everything you need is major financial boost.