Technology is changing our lives one day at a time. It brings us tools that are beneficial in our everyday lives. One technology that everyone is looking forward to is the rollout of 5G which will mean faster internet, clearer cell phone signals, and better connectivity. Did you know that you can profit from this technology just right on your property? Yes, you read that right. With the rollout of 5G, telecommunications companies are on the lookout to build infrastructure specifically cell towers which would mean lease of the property for years.
In today’s episode, we speak to Hugh Odom, founder, and president of telecom consulting firm Vertical Consultants, to know how our property can make a profit from a cell tower lease.
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Hugh will break down to us which commercial real estate properties are prime candidates for a cell tower lease. And most importantly, he will tell us how we can avoid a $1,000,000 mistake. Leasing your property for a cell tower can be a good option especially that in one to two years, the nationwide 5G rollout would need thousands of locations for a cell site. So if this is something you would want to consider, tune in now and learn more!
Key Points From This Episode:
- Getting to know Hugh Odom and his telecom consulting firm Vertical Consultants.
- Which commercial real estate properties are prime candidates for a cell tower?
- How do we know if our property can be considered a cell tower site?
- Hugh tells us how to avoid making mistakes when an opportunity for a cell tower lease comes.
- Hugh shares how to make a cell tower lease agreement a win-win situation for both the landowner and telecom provider.
- Hugh breaks down possible issues you may face when your property is considered for a cell tower lease.
- Know whether cell-site agreements affect the loan or can your property be considered if it is still under a loan.
- Hugh shares tips on how to know what the space is worth.
- Will there be transparency between the cell site provider and the landowner?
- Hugh’s prediction of the cell tower industry’s future as telecoms rollouts 5G.
- Can a multifamily property be considered for a cell site tower
“Understand an opportunity — the knock on the door, the phone ring, the email that comes across, understand exactly not only what you are being offered but understand what you are giving up in exchange.” – Hugh Odom
Links Mentioned in Today’s Episode:
About Hugh Odom
Hugh Odom is a former AT&T attorney (for over 11 years) and the founder and president of Vertical Consultants, a telecom consulting firm that has provided consulting advice for companies like Walmart and Disney, and governmental institutions like the United States Postal Service; New York Housing Authority; Veteran Affairs; the City of Atlanta and the City of Charlotte.
Hugh can share the evolving story of how the telecom industry (services, infrastructure, cell site locations) has and will become more crucial based upon the COVID-19 pandemic and the “new normal” that will result after COVID-19 has run its course.
As the founder and President of Vertical Consultants, Hugh wants to demystify not only what is being reported in the news but what is going on behind the scenes inside companies like AT&T, Verizon, and T-Mobile.
Hugh has been a resource to newspapers, podcasts, radio shows, and blogs for years.
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