It’s that time of the year again when your inbox is flooded with New Year wishes and “New Year, New Me” messages. The beginning of a new year is a fantastic time to review your investment choices and make the best decisions for the next twelve months.
A part of your considerations may be leasing your land to a cell phone company. Although a cell tower is not the most attractive infrastructure, you can’t ignore that it’s incredibly profitable and provides an additional stream of lifelong income. If you’re looking to generate a passive income stream, this is the best time to rent your property to cell phone tower companies.
With accelerated 5G rollout and the massive demand for high-speed internet connectivity, cell towers will only get more popular. If you’re considering renting your property to a cell tower company, you’ve come to the right place.
This article shares everything you need to know about cell tower lease buyout information and discusses the top reasons why you should invest in cell towers this year.
1. No Investment
One of the biggest hurdles for setting up an income-generating project is that you need money to make money. Whether you’re launching a small business from your garage or planning to create a startup, you need capital. Without capital, you’ve no business and, ultimately, no profits.
The most significant benefit of a cell tower lease is that you don’t have to invest any capital. You can start making money right away by leasing your property for a cell tower. You don’t have to make any investments out of pocket.
2. Creditworthy Tenants
In a standard rental lease, you sign an agreement with another individual. There’s a chance of losing out on your rent if the individual loses their job or fails to pay the rent on time. With a cell tower lease, you sign an agreement with a cellular provider like T-Mobile or Verizon. Alternatively, you can sign a deal with a cell phone tower company like American Tower or Crown Castle.
The other party in the agreement is not an individual but a company. As a result, you’re guaranteed rental income, irrespective of whatever happens to the company. If the company fails to abide by the lease’s terms in the rare case, you can file a lawsuit and take them to court.
3. Guaranteed Revenue
Guaranteed revenue is the biggest draw for property owners. The average rental income from a cell tower lease can be $45,000 annually. Throughout a standard 25-year lease, you can earn a cumulative revenue of $1,125,000 or more as a landowner. Think of everything you could do with that amount of money.
A Word of Caution
You may have heard the saying, “not all that glitters is gold.” That’s true when it comes to signing cell tower lease agreements. While there’s no arguing that having a cell phone tower on your property is profitable, ensure that the lease terms work in your favor.
Cell tower companies and mobile service providers often hire agents to convince landowners to sign unfavorable leases. They trap them into a long-term agreement, with the conditions working in favor of the cell tower company.
But we can help! As trusted cell phone tower lease consultants, we help you set up a deal for a cell phone tower on your property for the best terms and conditions. We’ve helped hundreds of property owners enjoy immense profits from their cell phone tower leases. If you’re interested in setting up a cell tower on your property or need help with a cell tower lease buyout, reach out to one of our consultants to assist you through the process.