Have you been contacted for a new Cell Tower Lease, a lease buyout, or a lease renewal? The best cell tower advisor can make you more money and save you time!
What criteria must be taken into account when hiring a cell tower consultant? In this article, we are sharing with you the top things to search for in a cell tower consultant!
Relevant Work Experience
A Cell Tower Consultant who has represented major cell phone companies will be more valuable to you than a consultant who hasn’t represented a cell phone company. Several cell tower consultants you’ll find online haven’t even visited a cell tower site firsthand.
They previously worked in call centers trying to purchase cell tower leases or trying to lower the rent on their cell tower lease. Keep in mind that the barrier to entry for labeling yourself a consultant is low. Therefore, do your research on what you would like to hire as well as hire the best there is. Know more here!
Exceptional Track Record
You are hiring a Cell Tower Consultant for a thing: Results. Make sure your cell tower consultant has an exceptional track record of results that meet your requirements.
Have your cell tower consultant give you their history of results. Always ask for references, referrals and call them. Beware of consultants who constantly represent numbers that seem unrealistic. Whether it sounds too good to be true, it usually is. Discover somebody you can trust. Somebody who will give you real results and won’t ruin your business.
Know Your Expert’s Proposal and Fee
Talk to your cell tower consultant to obviously express the scope of the proposed work. Whether their proposal comprises something that wasn’t discussed might be a red flag. Several consultants want more than 25 percent of all your rent for the rest of the lease life. If it does not sound right, it maybe is not accurate.
There is a market rate for fares and when a fee sounds high, it maybe is. And there are several people you’ll find online who will work for $500. Whether it sounds cheap, you may think that you’ll get the quality of service that reflects the low-quality fee. You get what you pay for as the saying goes.
Make Sure Your Cell Tower Consultant Has No Conflict of Interest
Several cell tower consultants you can find online have direct conflicts of interest. Several consultants’ procedure preemptive rights applications for AT&T, others do open contract work for AT&T or T-Mobile. If a cell tower consultant is doing work for a wireless carrier, you can bet their loyalty will be with the wireless carrier and not the owner of the property.
Be Sure You Enjoy Who You Work with
Some Cell Tower Consultants can be jerks, although other consultants will be more amiable. Be sure that you enjoy who you’re working with. If not more than a year to close, most cell tower lease transactions will take months. That is a long time to tolerate an idiot. Have fun and choose a cell tower consultant that you feel you can enjoy working with him.
Client References from Reputable Institutions
Make sure that you’re working with top-tier talent and ask for references from reputable institutions. Whether a cell tower consultant only has references from family owners run.
Many online advisors have offered expert cell tower consultations to the nation’s top commercial real estate companies, hospital systems. The list goes on and on. Ask for references from top reputable institutions to ensure you deal with a top-caliber Cell Tower Consultant. Read our another article: https://lucytamajon.com/the-reit-way-to-invest-in-cell-towers/