Earning supplement income without providing a service or producing a product would be an excellent opportunity. There is a way to do this without spending a penny. Are you the owner of a land or business property with a sizable rooftop area? If you are, it may be time to consider a cell tower site. Explore the potential of a cell phone tower lease buyout for your property today!
Know the Nearby Towers
Before you get too excited about the prospect of making money with a cell tower, find out how many other towers are in the area. You might not have the opportunity to diversify your income this way if there are already many nearby.
Know How Rent Is Calculated
The lease payments for cell towers are often set up as recurring monthly rental payments to the property owner, giving the wireless carrier or cell tower company the right to occupy and utilize their land or structure. While each cell tower site has a unique value, the average monthly starting rent for a cell tower lease ranges from $500 to $3,000. However, depending on the location of the cell tower and other circumstances, the rent may occasionally be significantly higher.
The Longer the Lease Term, the Higher the Lease Payment
Cell tower leases are often long-term agreements binding the property owner and their assets for at least 50 years. Since the time a real estate owner grants a cell tower firm is seen as a commodity that the real estate owner is dealing with the company, the longer the lease period, the more likely it is that the lease payment will increase.
Negotiate With the Cell Tower Company
Consider inflation and other factors that can alter the value of the lease over time. Real estate owners must negotiate annual rent hikes or escalations as part of the lease agreement.
Call Experts to Seal the Deal for You
Cell towers represent endless opportunities for profit and the benefits of the digital revolution. Property owners can exploit the enormous untapped potential of cell tower leases to convert their assets into successful enterprises. Some landowners negotiate these cell phone tower lease rates on their own. However, navigating the complexities of cell tower leases requires expert guidance. That’s where a reputable cell phone tower lease expert like Tower Genius comes into play to get the most out of the bargaining process. As seasoned professionals, we know how to approach these rent negotiations on your behalf to ensure you get the best possible price for your location.