The rent-to-own (RTO) industry, also known as rental-purchase, is important to the real estate and retailing industry. The concept behind rent-to-own is simple, goods like electronics, appliances, furniture, or equipment are leased to consumers with purchase options added into the lease. This same process can apply to real estate properties, too.
To succeed in the rent-to-own industry a business must focus on profit margins, return on equity, and collections. Because most companies in the RTO industry have large inventories, it’s critical that they conduct frequent audits for assurance and accounting purposes.
Services we provide the rent-to-own industry:
Rivero, Gordimer and Company, P.A. is experienced in providing the rent-to-own industry with the following services.