What You Should Know about Cell Phone Towers? As a commercial real estate owner, you want to get the most out of your investment. There are many ways to get additional income streams for your property, and cell phone towers are an increasingly popular and lucrative option. Cell phone companies want to expand their coverage areas, and they are willing to pay top dollar to rent space on your property to install new towers. Before you sign a lease, there are a few things you should know. Monthly Revenue When you lease your property for a cell tower, you will have a stream of monthly revenue coming in. For some property owners, this revenue stream is helpful, but a lump sum can be more beneficial. Selling tower lease agreements can give you access to a lump sum for your cell tower contract, which gives you access to the entire value of your lease in one hefty payment. Wireless Capital can help you get the most money from your lease agreement in just a few simple steps. Zoning Restrictions Depending on where your property is located, there may be some local zoning restrictions that bar you from getting a cell tower lease. You should check with your local municipality to see if there are any restrictions. In some cases, you may be able to get a special consideration or bring your request before the city for consideration. Other areas have no restrictions, so you won't have any issues when looking to become a cell tower landlord. Cell Tower Lease Rates When you look to lease your property for a cell tower, you will want to know about the cell tower lease rates. These rates depend on a number of variables. Larger cell service providers pay more than small providers, and the companies pay different rates depending on the demand for their services. While some leases have been reported at around $100 per yearâ€”an extremely low figureâ€”the usual rates are in the thousands. Some companies will pay anywhere from $3,000 to $60,000 to lease space on your property. Be sure you understand the rates being offered and the term of the lease before reaching an agreement. Reasons to Sell Your Lease While there are many reasons to sell your cell tower lease, the most popular reason is access to capital. Instead of waiting for money to come in every month, you can see your full payment for the lease so you can spend or invest in a way that makes sense for you. The other important reason is risk management. You may be concerned about service provider mergers or buyouts that could render your cell tower redundant. When you sell
your lease, you won't have to worry about the business aspect of cell phone towers, and you will still walk away with the money you deserve for renting your space. If you think that becoming a cell tower landlord sounds right for you, consider looking for cell companies that are willing to rent your space. Once you have agreed upon a lease, don't just sit around waiting for your payment every month. Consider selling your cell tower lease to get the most out of this unique business arrangement. For more information on cell site leases, contact the professionals at Wireless Capital Partners. Description: If you are thinking about leasing your property for a cell tower, there are a variety of factors that you should consider to help you get the most money possible for your investment. For some, a lump sum payment is more beneficial, while others prefer a monthly payment to increase their cash flow. Bio: Wireless Capital Partners helps cellular leaseholders achieve a variety of financial goals. Whether you are looking for a long term lease or a shorter term option, it is important to work with a company that knows the industry so that you are not taken advantage of as you attempt to gain additional income. Visit www.wirelesscapital.com for more information on cell site leases.