Maybe you’ve noticed a new cell tower in your city, or you’ve heard from a friend who has rented their property to a cell company for a handsome profit.
With rapid 5G deployment, there’s a massive demand for cell towers, and new ones are popping up all over the country. The biggest benefit of getting a cell tower on your property is that it provides you with a steady stream of passive revenue for years to come. This guide explains how to set up a deal for a cell tower on your property.
How to Get a Cell Tower on Your Property
Here’s a step-by-step guide to getting a cell tower on your property and earning rental income:
1. Be Proactive
If your property is located in an area that has scanty mobile network coverage, the chances are that cell tower lease buyout companies are interested in your property. However, if that doesn’t happen, you don’t have to wait to be approached. Instead, take proactive measures to capture the attention of cell tower companies.
Some zoning codes do not permit cell phone towers. Check with your local county zoning office or research online to find out if you can have a cell tower on your property. Once you have the go-ahead from the local zoning office, the next step is to reach out to cell tower companies.
2. Check the Competition
Has a cell tower company installed a tower in your neighborhood recently? If so, the carrier might not be interested in investing in another one in the vicinity. If there is another cell tower within a radius of half a mile in an urban area, one mile in suburban neighborhoods, or three miles in a rural area, chances are that you might be out of luck. Check the coverage maps of the three big carriers to locate the tower nearest to you. Look into the towers for:
If you notice that coverage is limited in your neighborhood, move on to the next steps.
3. Advertise Your Property
Here are a few ways to let cell tower companies know you’re interested in setting up a cell tower on your land.
- Hang a “For Rent” sign on your property.
- Attend local county meetings and check if there are any representatives of cell tower companies attending these meetings.
- If you have the budget, you can place a highly-visible billboard to capture the attention of cell tower consultants in the area.
Make sure to spread the word that you’re interested in a cell tower lease. Include your phone number and email on marketing materials to make it easy for cell phone tower lease consultants to contact you.
4. Be Patient
A cell tower lease doesn’t happen overnight. You might have to wait weeks or months for cell tower companies to notice you.
But Tower Genius can help. As one of the most trusted cell tower lease buyout companies, we have an experienced team of cell tower consultants to help property owners like you. Connect with us, and let us walk you through setting up a cell phone tower on your property.