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Rent-to-Own Rent-to-Own was established as an alternative to rental units. Our RTO plan allows you to have your own storage facility at your home or business, when and where you need it. The low monthly rental rates are comparable to mini-warehousing rates per square foot. Sixty percent of each payment applies toward the purchase price if you decide to buy. All that is required is an initial payment equal to two month's rent plus the first month's rent and we will deliver your building to your location (with-in 50 miles of our location in Lott). Further than that we may require a larger initial payment. Credit is not required in order for you to be able to rent the building. If at any time your building becomes a financial burden, or you move or no longer need it for any reason, simply give us a call and pay the rent through the day the building is picked up by us. Your last months rent goes toward the pickup charge. As long as there are no delinquent payments, your credit will remain untarnished. Rent to Own has several advantages compared to conventional Bank financing. Many people actually find the Rent to Own less expensive if they pay their building off in the first half of the thirty-six month contract. With conventional financing, your early payments are applied mostly to interest, with principal reduction mainly toward the end of the contract. The payments are due on the first of every month. If the building is delivered before the 15th of the current month, the next due date is the following month. If the building is delivered after the 15th of the current month then the next due date is not the following month but the next. Rent-to-own is designed for storage purposes only. Rent-to-own is not available if you plan to use the building for living quarters. We encourage our customers to pay off early if financially possible. There are no early payoff penalties. If you pay off early you get a 40% discount off the remaining contract amount (total contract amount equals the monthly payments x 36 months). *Only available in Central Texas*
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