When you as a property owner is approached by the cell phone companies so that you can lease to them your piece land in order for them to place cell phone towers there, you are going to get a cell site lease payment for that land. You should first get to know the aspects that will facilitate the amount of money you are going to receive after signing the lease agreement. You need to think of factors like the spot of the cell tower, the size of the cellular company and also how experienced the representatives of that company are.A cell tower lease can actually provide you with a significant earning for a long period of time. These companies are in the business to make more and more profits. It is important to always be cautious and watchful of some of the firms that are not reputable and will always want you to get into a trap of changing the contact you had signed with them.An existing lease can be a very precious contract.If you are approached by the company that you have leased your piece of land to erect their cell tower, it is important you first think about the repercussions of any decision you can make. It is therefore important to think about the change that these companies may want you to make after you have signed with them a contract. All in all, there are a lot of benefits of cell tower leasing. The following are some of the important reasons why a lot of investors are getting into the business of cell tower leasing.
One of the best benefits of cell tower lease is that it will become to you a residual income stream.This implies that you are going to receive cash month after month after leasing your piece of land to cellular company for the erection of a tower.
You are also going to realize that cellular tower leases are passive. It is not a must you work or even put your money for investments. You are just going to be waiting for the money to stream in your banks after the end of the month.
No capital needed
In most cases, you do not necessarily have to invest your own capital in order to get the cell tower built. but instead, you are going to receive cash flowing to your bank from the cell phone company.