If you are approached by the cell phone companies with the intention of taking your land so that they can erect a cell phone tower, you will be privileged of receiving some money on a monthly basis for the cell tower leasing.There are a number of factors that help to decide the amount of the money you are going to receive for the lease. 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. This is actually an investment that can give you money for the rest of your life. You have to note also that the company is there to make profits.When you are through with determining the lease and you have agreed how much you are going to be given in a certain duration of time, these companies will always want to approach you to lure you to make changes that could even leave you with a lower value piece of your property or even with lower cell site lease rent payments. If you have an existing lease, it is crucial to maintain it.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.With that information in your fingertips, you have to do further studies for you to understand the changes that these firms may request. There are numerous reasons why a lot of investors likes the business of cell tower leasing. Discussed below are some of the important benefits of investing in 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.
Another thing about cellular tower leases is that they are passive. You are not necessarily going to get tired working or even a must you use your money for the investment. What you will be doing is just to wait for the money to be deposited in your account by the cellular company.
No money needed for the investment
with this type of investment, there is no stress of wondering where you are going to borrow the money to start the investment but instead money will start coming your way from the word go; from the day you enter into an agreement with the cell company.