When a property owner leases his or her land to cell phone companies in order to place cell phone towers, they receive a cell site lease payment for that land. Apart from providing a profitable financial investment, there are numerous 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 advantages of mobile tower leasing.
The first benefit of cell tower leasing is that it provides you with a passive income. This type of income is one that is earned without applying so much effort or any form of hard 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 telephone company that you lease your property to will presume all of the physical responsibilities in the hand.
Secondly, the other significant advantage of cell tower leasing is that you won’t be required to spend any form 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 factor is very beneficial because of the lack of experience in what is required of them to properly manage a property or leasing which might make other complex leases less feasible.
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 way to smile all the way to the bank because you will not receive passive income from just one cell phone Company but from two or three more cell phone companies. Consequently, if you meet the requirements for a collocation, you should not be afraid to choose the offer. That’s of course after deciding whether you’re okay with the terms and conditions of the arrangement.
The location of your property as a property owner could also bring you enormous fortunes. By Way of Example, If your land is located at a strategic place whereby there is little or no frequency Interference in any way, then you could just become a billionaire within a short time because of the high demand 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.