Rent To Own Tips Storage Buildings

Rent to own, in spite of what you may have heard is a very good way to own some things. A storage building is one of those things. Renting to own something that will save you money is much better than continuing to pay rent at the end of which you will have nothing. There is no interest involved in renting to own. When you buy in this way, you are renting something until the agreement is paid, at which time the product becomes yours. Most companies take about one half of each payment for rent, and the other half goes toward paying for the product.

Your building suppliers will be able to help guide you through your financing options. If you decide that renting to own is the best route for you, you will have a little paperwork ahead of you. It may take some time, but there are some things that you can do to speed things up.

Things you will need to process a rent to own agreement:

• A photo copy of your drivers license

• Your social security number

• Your home phone number

• Home address

• Employer information

Things that will help:

• Phone numbers for spouse

• Phone numbers for immediate relatives

• Addresses for relatives

Some of these things may not be needed, but if the application calls for them, it will be better to have them ready rather than spending extra time looking for them.

Shed with offset door and window

Are you looking for a place to buy storage buy a storage building? The world is a pretty big place! We want to help you sort through the big old world, and find the storage building that meets your need.

To start with, if what you need is a small basic storage shed, we invite you to search through our online store at: Storage Master Marketplace

If you need something a little bigger, and prefer to buy locally, let me tell you what is local to us. This blog originates in the pine woods of East Texas, near a little town called Tyler. As with most situations, we are familiar with our native area, so we know more about the products available in this area than we do about other parts of the country.The material on this blog is based on data gleaned in the North East Texas area, but the principles and information it contains are applicable in almost any part of the globe.

If you are preparing to buy a storage building, utility building, carport, garage, or storage shed and you live in East Texas or North Texas including the Dallas area, and the area extending into Oklahoma, Louisiana, and Arkansas, we can make specific recommendations for the best places to buy. You can phone Jim at 903.504.3938 for details.

Some of the towns and cities in this local area are:

Tyler, Jacksonville, Whitehouse, Bullard, Lindale, Winona, Longview, Mineola, Kilgore, Emory, Winsboro, Quitman, Alba, Kemp Maybank, Canton, Ennis, Kaufman, East Tawakoni, Quinlan, Van, Grand Saline, Edgewood, Forney, Fruitvalle, Garland, Mesquite, Dallas, Rockwall, Royce City, Saxe, Rowlet, Greenville, Paris, Bonham, Farmersville, Wills Point, Terrel, Sulphur Springs, and, well, okay, the list is really pretty long, and there are many more, but you get the idea. If you live in or near any of these areas, give us a call. For those outside this area, see the note below.

Buying storage buildings in the wider Texas area, and  everywhere else

If you are residing in most parts of Oklahoma, Louisiana, or Arkansas, we can now make specific recommendations as well as in Texas. If you live in another area of the country, even if it is outside the Texas area, we will be happy to try to locate companies in your area that follow the principles,  practices, and standards we believe to be the most consistent with the quality building materials, and the best construction practices to help you with your long term needs. Please email jim@storagemasterblog.com for details.

Storage building with standard door

It has been said that there are only two certainties; death and taxes. In modern times, you could add to that list, financial uncertainty. Ironic is it not? In these days, many people need a place to store a few things until the economy settles down, and the downsizing is over. The sad part is that many folks may be entering this sad new situation with less than perfect credit.

Financial uncertainty is a fact of life in today’s economy, and unlike the perfect world sometimes offered by on screen entertainment, most people do not have perfect credit. There are a lot of reasons why. In a perfect world, we wouldn’t have credit rating problems, but in a perfect world, we wouldn’t need credit to begin with. the world is not perfect.

What can be done?

So, what can we do when the need arises for a fairly large purchase, and our creditors say no? We could always save our money until we have enough cash to purchase the product, but it takes a while to save a few thousand, and time can be our enemy, especially if we need the product for the purpose of making and saving money.

Financing options

There are always options like loan companies, who can eat your financial lunch when it comes to interest, and you have to be careful when it comes to the way the interest is structured. In some cases,  the interest may be as costly as the purchase, and there may be no way of paying it down ahead of time. Similar problems may exist with credit card purchases.

There is another option. Rent to own. In the rent to own system, you are paying for rent and ownership. You are not paying interest.

Storage rent to own

I had someone call me the other day about rent to own. The person on the line had heard that rent to own was, well, she couldn’t make herself put it bluntly, so I finished the statement for her: “You are wanting to know if it is a scam?” I asked politely. “Yes!” She said, in a way that showed an element of embarrassment and surprise!

Wrong information

There is apparently some bad information floating around on the subject, so I thought I would address that here. No. Rent to own is not some kind of scam. It is a perfectly viable way of renting or buying. I can’t speak for everyone, but the programs with which I am familiar are good programs.

Rent to own and interest

First of all, there is no interest on rent to own. you are paying rent for a building, and part of that rent, usually about half of it, goes toward the purchase of the building. Rent to own payments are very similar to what you would be paying for renting an equivalent amount of storage space from one of those self storage, or mini storage public storage facilities. The major difference is, that when you complete your contract on rent to own, you actually own the building, and it is setting on your property!

Early pay off

Many people choose to pay off the building early with income tax return money, or some windfall. This will save quite a bit on rental payments, since you would be paying for the building and not the rent if you pay it off. There is no penalty for early pay off. There is no credit check, and no credit damage for default. Since you are renting the building, you can call the company and have them pick it up, and your credit will not be hurt.

Bottom line

If you are paying 75.00 or 100.00 per month for storage, you can find an equivalent amount of storage space in a portable storage unit, and rent to own for about the same price. The big advantage is that you will be paying for something that will belong to you, and you won’t be throwing those dollars away! Throwing away dollars makes no sense! Neither does driving all over the country to get something that you need from storage, when you can just walk into your back yard to do the same thing.