What Is The Earning Potential With A Cell Tower Lease?

Most people should strive to generate passive income. It’s difficult to start this revenue stream. Nonetheless, passive income snowballs into something large over time. Individuals that own land may see success with a cell tower lease opportunity. Wireless companies need to install cell towers in order to expand coverage and appease their customers. Therefore, they’re willing to pay landowners for prime real estate.

When it comes to these towers, various types of land can be appealing to carriers. They want to broadcast their signals as far as possible, whether that’s urban or rural areas. In urban areas, they’re often looking for lease opportunities. The carrier pays the landowner a fixed rate over the course of a lease contract. Not everyone will get rich off this opportunity. However, many people will earn a solid passive income by doing this.