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.
We live in a town, Audubon Park. Camden county NJ. 08106. Our mayor has tasked us to come up with some ideas to generate positive income for our community. We do not have an industrial park to help offset our taxes/ expenses. I would like to get some information regarding a tower for our town. We have the space. I would like some information to submit to our Mayor on how to begin the process. Thank you for your time in this matter. Mark Scott
Mark, start out by contacting the New Jersey Wireless Association, here is their website: https://newjerseywireless.org
I am a land owner and would entertain the idea of having g a cell tower lease my land.
Can you tell me how much you charge for your services ?
Tammy, we are not a cell tower developer. We don’t build cell towers. You can go directly to cell tower companies and tell them yourself about your property. Remember, it’s almost always a very low chance to get a cell tower build on your land. Because we get so many requests from people we have a paid $149 one-time service where our company submits your contact information and your property information to cellular carriers and to cell tower developers for a fee. Again, it’s not a guarantee of anything other than we send them your info. That doesn’t mean that they will respond to you and it doesn’t mean that we are working with you to develop a cell tower. For more information you can visit http://www.GetACellTower.com and you can pay the fee if it makes sense for you. But remember, you can do the same thing on your own for free. Good luck.