Wireless Asset Management Step One – Site Assessment
Wireless Asset Management three part series, part 1 site assessment.
Cell Site Insights · Cell Site Appraiser
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Show Notes
Episode Title: The Cell Site Insights: Wireless Asset Management Step One – Site Assessment
Episode Summary: In this episode of The Cell Site Insights, brought to you by Cell Site Appraiser (CSA), we dive into the critical first step of Wireless Asset Management (WAM): the Assessment. If you are a cell tower landlord, there is a good chance your lease is quietly costing you money every month because tower companies employ professionals dedicated to maximizing their own leverage. A structured assessment is essential to help property owners balance the scales, close the knowledge gap, and secure the true value of their property.
Key Topics Discussed:
- The Knowledge Gap: Landlords often lack a clear picture of fair market value, whereas tower companies know exactly what similar sites pay and when terms expire.
- The Four Pillars of a Proper Assessment:The Lease Itself: Evaluating current rent against market rates, checking annual escalators, looking for revenue share clauses, and identifying rights of first refusal that might hinder future property sales.
- Permits and Environmental Compliance: Understanding the hidden risks of hazardous materials, such as a recent $7.7 million settlement paid by Verizon, and how landlords can face cleanup liabilities under CERCLA.
- Site Operations: Checking for unauthorized equipment, expanded access roads, and boundary violations that create lease violations and offer landlords negotiation leverage.
- Insurance and Legal Protections: Ensuring the lease requires the operator to carry adequate insurance, name the landlord as an "additionally insured" party, and remove all equipment when the lease ends.
- Real-World Success Stories:The Ashanti United Church of Christ in Los Angeles secured a $40,000+ settlement and rent increases after an AT&T worker's fall revealed unenforced indemnification clauses and long-standing payment errors.
- The Gross-Wilkinson Ranch in Wyoming used a lease review to uncover missing revenue sharing and below-market rent from Crown Castle, resulting in increased rent and a better escalator.
- Actionable Advice for Landlords: Check your lease’s annual escalator against historical inflation rates, because falling behind by just 1% can result in over $126,000 in lost purchasing power over 30 years.
About Cell Site Appraiser (CSA): CSA is a wireless consulting firm with over 30 years of combined experience that works exclusively for cell site landlords. Roughly 40% of active cell tower leases contain errors or below-market terms, and since 2017, CSA has secured over $10 million in cell tower value for property owners across the US. Their mission is to increase value while protecting landlords and their property rights.
Resources Mentioned:
- Website: www.cellsiteappraiser.com
- 24/7 Helpline: (213) 986-7620
Disclaimer: CSA summarizes publicly available information to provide commentary on industry developments. Property owners should review original sources and consult qualified legal and financial advisors before making decisions. CSA is not a law firm and does not provide legal advice.
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