Alert – Rooftop Cell Site Audits Find 3 in 10 Are in Default

Alert - Rooftop Cell Site Audits Find 3 in 10 Are in Default
Speaker 1:
Hi, my name is Steve Kazella. I’m one of the partners here at Tower Genius LLC. We’ve helped hundreds of cell site landlords with rooftop cell sites evaluate their offers and lease agreements and make sure they’re not getting taken advantage of on either cell site lease buyouts, lease amendments, or new cell sites. And after looking at hundreds and hundreds of rooftop cell site leases since 2008 and earlier than that, we found that approximately 30% of rooftop cell site leases, just like this one here, 30% of rooftop cell sites are not in compliance. That is, they’re in default. Now, if you were walking by and you saw $150,000, $250,000 sitting on the ground, would you pick that up? Because if you’re missing these defaults, you are literally leaving money on the table or on your rooftop, so to speak. Recently, Tower Genius LLC identified a rooftop default for a small church that got them a $750 a month rent increase worth about $135,000 until the expiration of their lease agreement.

Also, Tower Genius recently discovered about a half million dollars worth of electrical overages. Basically, we have a cell tower landlord that has a few cell sites on their rooftop. They did not have direct electrical meters. They had a sub meter and they forgot to take meter readings and the carriers, all four of them, forgot to remind the landlord to submit meter readings. Well, that added up since 1991. And so just one of these carrier leases was worth about $157,000 to a landlord that they had subsidized the carrier. So if that’s important to you… If you have money to burn, then don’t worry about it. But if you can’t afford to leave money on the table like that, then please fill out the form at the bottom of this site or follow the link in the description.

I was recruited out of Enterprise Rent a Car in 2000 by Kevin Donohue, who is my business partner today, to be a real estate site acquisition manager in the NYC Metropolitan Area for his company that was contracting for Verizon Wireless, T-Mobile and Sprint. In 2008 I founded a consulting firm know today as Tower Genius, LLC where Kevin and I have helped many thousands of people and existing cell tower landlords get the help and information they need to succeed at the cell tower negotiating table.

Carriers & Tower Companies Have Their Hired Guns. Shouldn't You?

Negotiating a cell tower lease, trying to figure out what the correct cell tower rent value for your property needs to be, or evaluating the broad range of proposals and offers received by most cell site landlords in 2022 can be very confusing. Connect with Tower Genius or submit your info below, and we'll evaluate your situation, answer your questions and even make a few recommendations you may benefit from.

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