Leasing Out Your Property for Cell Tower Setup

If a portion of your property largely remains unused, you can turn it into an income-generating site by leasing it out to wireless service providers. After all, mobile wireless companies are constantly on the lookout for available spaces where they can put up cell towers and thereby provide better services to subscribers.

Before you decide to lease out your property, you’ll have to conduct some research. Find out how the cell tower lease industry works and what factors influence lease rates. This way, you can be more certain that you are maximizing your property’s revenue potential. In addition, check whether your location is, indeed, an ideal cell tower site as this factor can further boost your marketing strategy.

Don’t lose hope if you get turned down initially as you can still market your property well even if you find out that it doesn’t meet some wireless companies’ standards. Cell tower requirements keep on changing, after all, so your property may soon be identified as a suitable cell tower site.

Finally, keep yourself up to date on any meetings and property searches wireless providers may be conducting in your city or state. Along the way, you might want to get in touch with seasoned cell tower investors who can provide sound legal advice and even broker deals with wireless companies.