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 several other ways in which cell tower leasing can benefit landowners. There are lots of factors that usually ascertain 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. Below are some of the benefits of cell 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 have to do is offer your land and allow the business do as you agreed or signed at a contract. You will not be asked to spend any amount of money keep the land or any other thing. The phone company that you lease your property to will assume all of the bodily 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 valuable because of the shortage of experience in what’s required of them to correctly handle a property or leasing which might make other complicated leases less feasible.
Another advantage of mobile tower leasing you should be conscious of is collocation. The meaning of collocation is where multiple wireless providers use just one 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 land as a land owner could also bring you huge fortunes. For example, if your land is located at a strategic area whereby there is little or no frequency interference at all, then you might just become a billionaire within a short time because of the high demand that from cell 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.