How to Select the Right Cell Tower Lease Consultant
Property owners should not handle cell tower lease on their own, instead, they need to hire a good cell tower consultant who will review the deal and ensure that you get high rents. Here is a guide for hiring the right cell tower lease consultant.
Hire an experienced cell tower consultant to negotiate lease rates on your behalf. Choose a company that has worked with several properties owners to help them in new leases, lease extensions or buyouts. Additionally, the right consultant will have relevant experience working with cell phone companies recently so they can keep up with the changing technology. Besides, consultant that have unequalled expertise will answer all your questions regarding the lease and help you get good rates.
Check the track record of the consultants you want to hire and see if they have been able to achieve god results. Check their past results and see if they were able to acquire good lease rates for past clients as this indicates that they will meet your needs. When checking the results, weed out experts that have unrealistic numbers and promise to increase your rent by a very large percentage.
Before you hire a cell tower consultant to represent you, make certain that they have been properly insured. They should have a professional liability insurance which is also called as the errors and omissions policy so that you will be liable for costs incurred due to negligence. Look for another company is the consultant you have in mind does not provide you with proof of their insurance policy.
The cell tower experts need to furnish you with a list of references that you can get in touch with and get to hear about their experiences working with the company. Ask the references if they are satisfied with the representation of the consultants and whether they would consider working with them again. The references can also be acquired from accredited organizations so that you can be certain you are dealing with the best cell tower lease consultant.
Consider the fees and proposal provided by various cell tower lease consultants so that you can choose a fee structure that works best for you. Consult with your cell tower expert in order to understand the proposed scope of work. Weed out firms that have included tasks that you had not discussed with them in your proposal. Therefore, before you decide to work with a consultant, do some research to get an idea of how much fees should be paying.
Choose a consulting company that has experienced and highly trained staff. The staffs should have skills in providing their service in areas like site acquisition, development as well as leasing. Qualified employees will better understand what you need and be familiar with the best strategies of approaching the situation. On the other hand, it is highly advisable to entrust your needs to the owner of the cell tower company because they will strive to ensure that the outcome is exceptional.