297. How Much Does It Pay to Have a Cell Tower on Your Property? with Hugh Odom of Vertical Consultants

How much does it pay to have a cell tower on your property? Most self storage owners don’t realize that cell tower leases can be extremely profitable. But they can also bind you to a long-term agreement that might not be in your best interest. How do you get the best of both worlds: an extra income stream plus a cell phone tower lease that gives YOU flexibility to sell, refinance, or develop your property? Hugh Odom from Vertical Consultants is here to help.  Hugh has probably looked at more cell phone tower leases than anyone on the planet. He’s been helping storage facility owners get the best bang for their buck on cell tower space for years by negotiating contracts with tower companies and providers. Today, he shares how to get top dollar for your space, WITHOUT locking yourself into a bad lease. Plus, what do cell phone towers pay in rent? $500/month? $5,000/month? And how do you know how much your facility could charge for a cell tower on your land? Or maybe you’ve bought a facility with a cell tower lease already in place—can you renegotiate for more? Yes! Today, Hugh is showing you how! What you’ll learn in today’s show: How much cell phone tower leases make, and whether it’s worth it for self storage owners Renegotiating with cell phone tower companies if you’ve inherited a lease on a new property  Pitfalls to watch for before you sign a lease with a cell phone tower company  New AI cell tower lease tools to help YOU get the most rent possible  One MASSIVE fee cell tower companies can charge you (watch out for it!)    — - Self Storage Income 34 - The In’s and Out’s of Cell Towers with Hugh Odom | How to do them Right https://www.selfstorageincome.com/podcasts/self-storage-income-2/episodes/2147769088  - Self Storage Income 233 - Can you Make Money from Cell Towers on your Storage Property? https://www.selfstorageincome.com/podcasts/self-storage-income-2/episodes/2148549342  - Vertical Consultants. https://www.celltowerleaseexperts.com/  - Cell Tower AI https://celltowerai.com/  __ 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 🌳 Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/ 🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207 📖 Get AJ's book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq 📉 Take advantage of today’s market conditions and invest with us: https://cedar.cc/invest