You’ve heard of duplexes, triplexes, AirBNBs, and single family rental homes. These are just a few of the kinds of real estate that have been made popular in today’s entrepreneurial culture. But for some reason, one of the most lucrative forms of real estate is being ignored by the media.
Introducing Rental Towers.
People are consuming content over the airwaves more than ever before in history. People use the internet to watch television on Netflix, or tune in to their local television station to hear local news. People use the internet to talk with their friends on platforms like Facebook, Twitter, and Instagram. They listen to local radio stations while they’re driving – or perhaps they listen to music on their phone provided by a cellular network.
Guess what all of those services have in common? They all require towers. And you can be the one renting them out.
It doesn’t have to be gigantic.
When most people think about towers, they think of the huge cell towers put up by companies like Verizon and AT&T. But building towers doesn’t need to be so intense.
More often than not, smaller towers can provide the same rate of return as larger ones. And there’s often an even bigger market of potential clients that exist for smaller scale tower projects.
Think about it. The companies most likely to rent tower space instead of building a tower themselves aren’t going to be the massive companies like Verizon and AT&T. Instead, your clients are going to be the much smaller, local businesses who have a small budget and can’t afford to build one themselves.
Tower renters don’t like to move.
Unlike with small income properties or AirBNB businesses, your renters don’t have an incentive to move away. Disassembling antennas and disconnecting wires is not as easy as moving a couple of couches – and it’s very expensive.
As a result, clients who agree to rent tower space from you will generally stay around a long time. And provided you give them a long-term rental contract, they’ll pretty much stay where they are.
But alas, it really just comes down to location.
Where are you?
If you live in Antarctica, you’re probably not going to get many clients renting from you. As with most other forms of real estate, rental towers are not an instant business success. It really does boil down to location.
Many websites exist on the web that provide free maps to show radio station and air wave companies in your area. Check with them to insure that there is, in fact, a market for your tower. In business, it’s always best to be as cautious as possible.
Want to learn more?
If you’re interested in the real estate possibilities surrounding a rental tower business, then this website is the perfect place to start. Our website is the perfect source to learn about how to completely set up a tower renting business from scratch.
If you have any questions, feel free to leave a comment in the comment section below. We would love to hear from you.