The modern world presents us with countless choices, and that is just how we Americans like it. This explains why Best Buy doesn’t sell two or three televisions and why Starbucks offers 80,000+ drink combinations. We love to think that more is, in fact, more. Information, products, services, opinions—it’s all readily available and at our fingertips thanks to the Internet. You would be hard pressed to find an interest or an industry to which this fact doesn’t apply, and the business of cell tower leases is certainly no exception.
There is an abundance of information out there, plus plenty of individuals and companies offering advice and representation to landlords looking for guidance in regards to their wireless leases. With so many advisors touting their skills, how is a cell tower leaseholder to choose?
Having lots of choices is a good thing, unless it paralyzes you to the point of inaction. Don’t let that happen to you. Here are a few important characteristics to look for in a cell tower lease advisor:
Specialized knowledge
The wireless industry is expansive and always in flux. It has numerous highly-nuanced aspects, and the business of cell site leases is just one of its many narrow niches. Being a “wireless expert” can have an assortment of meanings and applications. Seek an advisor who has specific knowledge about cell tower leases and its related facets—market values, valuations, lease agreements, buyouts, and extensions.
Experience
Expertise and experience go hand in hand. Just as you want advisors in your corner who have specialized expertise, you also want them to have deep experience in that particular area—in this case, cell site leases and investments. It’s impossible to have experienced each and every potential scenario, but there is value in being able to say “been there, done that” to a variety of experiences. These kinds of people are savvy problem-solvers who have been in the trenches enough to know how to anticipate problems, avert them, and apply their understanding of past situations to new ones.
Dedication
The best advisors are those who are 100% dedicated to their work and what is in the best interest of their clients. They have a genuine passion for the field and are steadfast in creating partnerships that result in successful outcomes. As the client, you should feel like a priority—from your very first interaction to every touchpoint throughout the process.
Though it may seem counterintuitive that an abundance of information and choices can actually lead to indecision, it turns out that way for many potential and current cell tower leaseholders. The cell tower lease advisors you decide to partner with should always help you to feel more and more informed and in control of your future.
The Filo Group is confident that they are best equipped to serve you in that role. Contact us today for a free consultation to make that determination for yourself.