The Value of Growth
“Without continual growth and progress, such words as improvement, achievement, and success have no meaning." - Benjamin Franklin
October 5, 2020
At Rhove, we’re just as passionate about growth—especially when it comes to getting the most out of Rentership.
Getting started with Rentership is legitimately exciting: You can own a stake in your apartment just by claiming your stake in the Rhove app. But don’t stop there!
To get even more value while you rent, you can grow your stake automatically by setting up monthly RNT buys. You can always purchase more RNT in one-off chunks, day or night, in increments of only $1 each. But we’ve found the recurring monthly RNT buys are the secret to disciplined growth. Your future-self will thank you later.
Wondering what’s the right amount to buy each month? We don't have the answer, and the truth is that is totally up to you. What we can tell you is that simply getting started is the best way to ensure your success! That’s certainly achievable, and you can get hundreds of dollars in value that way, but what if you aimed even higher?
Let’s say you already have a conservative budget and you’re able to set aside $50 per month to buy RNT. It may still seem like a small commitment, but at the end of 5 years you would have $3,400.30 in value. Wondering how we got to that number? Factor in your RNT Return on top of your recurring RNT buy and the value compounds. We'd love to say it's magic, but it's really just math––and we aren't even factoring in the potential appreciation of the place you call home.
If you’re a budgeting superstar and set your recurring RNT buy for the $500-a-month maximum, you’d have $34,003.04 at the end of 5 years.
Think of recurring buys as planning for your future. Like, say, working out. You could exercise for 2 hours today and eat 3 healthy meals, and that’s all well and good. But it’s not going to do anything for you a week, a month, or a year from now. The real value comes when you follow up that first productive day by doing it again, day after day or a couple times a week. In a month or a year, you’ll truly be in a better spot. That’s the value of a disciplined, growth-oriented plan.
The consistency of RNT buys is where your value really grows.
And it’s as important as ever. At a time when the 30-year mortgage is no longer a viable option for many of us, Rentership grants us access to owning a stake in our community, without the upfront costs or long-term commitment of buying a home.
At Rhove, we believe that everyone has the right to own a stake in our communities. Just because you don't own a home doesn't mean you shouldn't have the opportunity to get value from your home while renting.
Let’s get to work claiming—and growing—a stake in our communities.
Check out our Introduction to Rentership to understand how you can buy a stake in your apartment.