Tower Leases – Passive Income Explained

  • January 2014
  • Posted By JohnnyG
  • 0 Comments

Cell phone towers are becoming more and more common. Now you can get reception just about anywhere you go, even in some of the most remote locations. People are dependent on their cell phones, for business, keeping in touch with family or friends, and they are extremely important in emergency situations where you may be stranded on the side of the road. We shop online, play games, even work, all with our mobile devices.

Many people who own property think about ways they can make extra income. In today’s economy, it is important to fill in the gaps when it comes to making extra money, especially if you have a family to worry about. Sure you can use your land to create a farm, but there are costs involved with this, and sometimes it just isn’t worth the return on investment. There is also a lot of work involved with farming or raising livestock. You also have to worry about zoning in your area, whether or not your neighbors are going to be offended, and all sorts of other factors.

Sometimes you have to think out of the box when it comes to making extra money with your property. There are a number of ways you can do this. If you are living in an area where you see a lot of wind turbines around you, you may consider leasing out your property to one of these utility companies. There are different sources of alternative energy, wind and solar are the most common. Both of these sources need large areas to establish their turbines or solar arrays, and if you have the space, you can earn a modest residual income allowing them to set up on your property.

As mentioned earlier, cell phone towers are becoming commonplace around the country. Tower leases are also a way to make a modest residual income as well. You can contact companies to have them set up telecommunications towers on your property. They lease out the land from you on a permanent basis, and this can be a way to earn extra money. However it is not available to just anybody. There are some factors to take into consideration if you are thinking about using your property for tower leases.

One of the biggest factors that needs to be taken into consideration is zoning. Cell towers are tall structures that can obstruct your neighbor’s views of the surrounding area. You may also have height restrictions or other zoning restrictions in your area. It is important to find out this information before you seek tower leases. You can go around to your neighbors and get their input to start with, then you should go to your local government offices to check the zoning laws where you live.

Where you live is important as well. If you don’t see towers around you, but have a lot of people living around you or you are near industrial areas, there is a higher probability that cellular companies may be looking to set up a tower in your area, waiting for the right opportunity. On the other hand, if you live in a rural area, with little or no people around you, you may not be able to lease your land. In addition if you live further than a mile from a well used road, or have other towers in your area, you may not be able to lease your land.

It is important to research tower leases and all the different aspects of setting up tower leases. You need a reliable company that is not going to sugar coat these leases, but be upfront and honest, showing the pros and cons of leasing. They need to also offer reliable information about what you need to take into consideration when it comes to tower leasing. A good company is also going to include where and what it takes to get in on the potential income.

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