Collections Underway, Millions in Underpaid and Back-Rents Being Secured
Nashville, Tennessee – January 16, 2012 โ Over the last 25 years telecom companies have leveraged both legal representation and guarded information forming a massive inequity going both unrealized and unimpeded by cell tower lease holders.ย โThis vast disparity unstopped, will result in tens of thousands, if not more, of cell tower leaseholders receiving only a tiny fraction of true fair market value,โ explained Hugh Odom, President of Vertical Consultants.
Hughโs company, founded in 2010 has already produced a commanding track record, serving as โindependent landowner advocatesโ, narrowing the gap amongst telecoms and leaseholders.ย โWeโve already secured millions of dollars of additional value for leaseholders with an average of 98% immediate increase in leaseholder rents our first year in businessโ says Odom.ย While Vertical Consultants may be a new venture, Odom spent nearly three decades on the โother sideโ of the lease transaction, at one point providing legal representation for AT&T.ย โFor years I saw first hand the unfair advantage wielded by the telecom giants, and finally decided it was time to level the playing fieldโ, Hugh added.
A little known strategy used by all major telecom companies is to routinely provide both prospective and current property owners either little or no information regarding the use and corresponding true value of their property.ย Worse, in many cases, these same companies intentionally and strategically disseminate incorrect or incomplete information to diminish perceived value further.ย These actions go mostly unchecked, as there are few resources for landowners to access this information on their own.
Hugh suggests the following checklist as a good starting point for landowners to access their positions:
- โThe leasing of any of property for the placement of telecom equipment thereon is more a telecom transaction than a real estate transaction. The telecom companies take this prospective so should the landownerโ;
- โNever assume just because you are receiving a rent check from your telecom tenant that you are being correctly paid. Thousands of landowners are either underpaid or not paid rents and reimbursable expenses due to negligent or intentional actions or omissions of the telecom companiesโ; and
- โThe true value of your cell tower, roof top or other type telecom ground lease is ultimately not dependent on the value of the property that equipment is located on but the utility of that site to the telecom company leasing your property. When a landowner can arm itself with the ability correctly gauge that utility it will be better equipped to determine the value of any current or proposed leaseโ.
Landowners, with questions pertaining to the leasing of cell towers on their property, find itโs nearly impossible to get unbiased, independent expert assistance from wireless industry professionals since there is a conflict of interest representing both the landowner and the carrier. ย โThe truth is that so many of the so-called โcell site consultantsโ or โindustry expertsโ depend on the work they get from the carriers either directly or through subcontracts, and are neither unbiased nor independentโ exposing the dubious nature present in most existing contracts warns Odom.
Vertical Consultants has positioned itself as the only truly independent landowner advocate and lease-consulting expert in the industry. ย Armed with dynamic knowledge and access to guarded insider information, tactics and industry background, Hugh aims to empower and assist wireless tower leaseholders nationwide to not only collect back-rents, but renegotiate existing contracts to increase future payments by leveling the playing field between leaseholders and the telecom companies.ย Vertical Consultants is already wreaking havoc on the telecomsโ unfair advantage. ย Recently evidenced by assisting a landowner in collecting underpaid rent and expenses on an AT&T lease, which had not been paid correctly dating back to 2002. ย ย At the same time, they immediately increased the landownerโs rent revenue to boot.
It has been said, โknowledge is powerโ, and the rich, unique, knowledge Vertical Consultants possesses, is the unrivaled edge needed to make this already successful landowner advocate the โgo toโ firm for property owners who want to maximize revenues for the cell towers on their land.
Vertical Consultants was founded in 2010 by Hugh Odom and is comprised of a group of wireless industry veterans with more than forty (40) years of combined experience.ย Vertical Consultants specializes in all aspects of the wireless telecom industry telecom site acquisition and development, lease negotiation, and the legal issues surrounding such transactions. Through this Vertical Consultants is able to offer clients unmatched expertise, services and results. Unlike others in their field, Vertical Consultants is able to handle every aspect of the issues surrounding a cell tower, rooftop or any other type of telecom lease, from start to finish.ย To learn more visit https://www.celltowerleaseexperts.com or contact Vertical Consultants at info@vertical-consultants.com or 877.456.7552.
