Making extra money without offering a service or creating a product sounds like a great way to supplement income, doesn’t it? Maybe you’re under the impression there’s no way possible to do this unless you win the lottery.
Actually, there’s a way to do this, and you don’t need to pay a dime. If you own property and you don’t mind renting to out to a company, then cellular tower leasing is an option.
When you have a cell tower lease, you become the landlord for the cellular tower. You’ll earn an income based on the tower and phone company they’re with.
If you’re curious how you can go about doing this, learn more about the requirements and find out the answer to the question “how do I get a cell phone tower on my property?”.
Are There Other Towers Nearby?
Before you get excited at the thought of making money with a cellular tower, find out how many other towers are near your home or property. If there’s already a lot, you might not get a chance to diversify your income this way.
Besides finding out how many towers currently reside in your area, the type of property you have and how many acres plays a role.
Some qualities that can help your location include:
- How close the property is to a major highway
- How easily accessible it is
- At least 1,000 acres
Both of these components can impact if your property is a candidate for a cell tower lease.
Learn If There’s a Need For More Towers
If you don’t have competition (or at least not a lot of it) and your property is accessible, it’s time to find out the nearest cell tower companies. If you’re not sure where to begin, consider the big players in cellular communications.
It’s important to do independent research and figure out what areas already have coverage, and where it’s lacking. Even if you don’t see any companies advertising for cellular leasing, understanding areas that don’t have enough towers is to your advantage.
What To Do To Generate Interest For Cellular Tower Leasing
Now that you’ve figured out if your property is large enough and meets the needs of a company, and you’ve learned there’s a need for more towers, it’s time to make your interest known.
You can start by putting up a billboard advertising your interest in leasing out your property. If you go this route, it’s important your billboard is easy enough to read from a distance and near a major roadway.
If you’d rather be more proactive in contacting these companies yourself, you can write to them and let them know.
Make sure you provide information such as:
- Your name, address, and phone number
- Your address and parcel information for the land you’re interested in leasing
- How close you are to major highways
- Any information related to zoning of your property
This can help you in your quest to find a company interested in working with you.
Knowing the most desired type of property and how to contact companies is important if you’re interested in cellular tower leasing. If you’re ready to start the process, let us help you.
Contact us today, and learn more about leasing your property and increasing your income with a cellular tower.