233. Can you Make Money from Cell Towers on your Storage Property? w/ Hugh Odom
Cell towers play an integral role in our modern world - but they also impact the self storage industry directly. We bought a facility years ago that had a cell tower onsite. We put $800K down, but in the first 2-3 years, we received $500K back utilizing the cell tower on our property.
Today, we bring back Hugh Odom, co-founder & president of Vertical Consultants. He works with property owners presented with cell tower leasing opportunities. Understanding the true value of that lease agreement can impact not only where the tower is, but your surrounding property as well. Hugh brings his years of experience as a lawyer from AT&T - he knows the book inside and out.
Cell towers can be a GREAT play - BUT the people in the mobile technology industry know exactly what they're doing - and how they can beat you.
So how does a property owner take on this kind of company? This, and much more in this week's episode of Self Storage Income!
Check out Hugh's business here! https://www.celltowerleaseexperts.com/
Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/
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