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. 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 type of income is one that is earned without employing a lot of effort or any kind 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 required to devote 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 important benefit of cell tower leasing is that you will not be required to invest 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 fantastic method to smile all of the way into the bank because you will not receive passive income from just one cell phone Company but from three or two more mobile phone companies. Therefore, 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 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 property will also automatically be eligible for a collocation. You’ll also have the ability to use the competition to your advantage and pay off higher rental prices. At the end of the day, everything you need is major financial boost.