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When a property owner leases his or her territory to cell phone companies in order to place mobile 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 aspects that usually determine 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. Below are some of the benefits of cell tower leasing.
The first advantage of cell tower leasing is that it provides you with a passive income. This type of income is one that is earned without applying so much effort or any form of hard work. As a landowner, all you need to do is offer your land and let the company do as you agreed or signed in a contract. You will not be required to spend any amount of money maintain 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 planning to use your property will not require any payout from you since the home owner that makes the investment very safe and simple. For new land owners, this factor is very valuable because of the shortage of experience in what’s required of them to correctly handle a property or leasing which might make other complicated leases less feasible.
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 good method to smile all the way to the bank because you will not get passive income from just one cell phone company but from three or two more cell phone companies. Consequently, if you qualify for a collocation; you should not hesitate to take the offer. That’s of course after deciding whether you’re okay with the terms and conditions of the arrangement.
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 will also be able to use the competition to your benefit and negotiate higher rental rates. At the end of the day, everything you need is important financial boost.