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. Some of the factors include the location of the land and the size of the company making the agreement and many more important 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 land will not require any payout from you as the property owner which makes the investment very 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 significance of collocation is where 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 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 property as a property owner could also bring you enormous 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 land will also automatically qualify 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 important financial boost.