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April 3, 2019 Storage Sheds

Rent To Own Storage Sheds, Should You Think Twice?

In the article: rent to own storage sheds, why you should think twice, Michael W. Mathis discusses several reasons why he believes renting to have a storage warehouse is a bad idea for homeowners. He made some good points along the way. It is clear that the lease agreement is not “all end everything” to buy anything, and, of course, you have to think twice before buying something using this method.

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The main point of the article seems to be that renting to have a storage warehouse is expensive, because you pay about twice the building cost for cash. He finished by saying that: “If they can’t get reasonable financing or save and pay properly, then they might not really need it.” Although I agree, that the rental purchase agreement is not the best choice, and that they will be more expensive than direct purchases, there are times when the rent to have a storage warehouse makes sense.

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When does a rental have a bad idea? When you have money to pay for it, you will save money if you buy a building with cash, but there are also cases where this is not true. When to rent to have a good idea? When buildings are needed to create or preserve wealth. In such cases, the building is really a tool, such as a truck, or a table saw. If needed, and cannot be obtained in other ways, it’s better to have it for the purpose of creating wealth, than not having it, and losing the opportunity.

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