Ren2Home is an internet based Real Estate business that allows families and individuals the opportunity to acquire the home of their choosing when otherwise they might not be able to due to a variety of circumstances.
Rotag Resources, Inc. is a C corporation organized in Delaware, for the purpose of the operation of Ren2Home.com and related businesses. Ren2Home.com is a web based Real Estate technology company specifically created to focus on the Rent to Own/ Lease Option market. Rotag also owns the site name of ren2own.com.
The company has two distinct segments. First is the operational entity which manages the day to day operations including property management of current customers. Secondly, as the asset manager for the Ren2Home Fund LLC (proposed title), which will be owned by the shareholders and managed by Ren2Home.com.
We are raising $750,000 for Rotag Resources Inc. via Convertible note. At present we do not foresee a need for additional funding for Rent2home.com, however as we grow we will expand the size of the Fund and create new Funds as needed for acquiring homes for our clients around the country.
Revenue for Rent2Home is generated as follows: we make transactional income with each closing as well as monthly property management income. Also as the manager of the R2H Funds, we participate in the profits with a carry of 15% after the preferred return is reached.
The Fund will be managed by us and provides a predictable asset backed income, beginning month 1, to the investors by holding title to the homes and receiving the monthly income from the Lease/Option agreement. The expected IRR exceeds 15% for the Fund.
We leverage technology through our data partners and vendors to streamline the home acquisition process for our customers. The foundation of the operating business is through our website, where we can process applications, perform credit and background checks, home valuations, document processing, and even an automated closing. Customers will be able to see their account, update information and make payments.
Our goal is to be in 48 states in 5 yrs with cash flow and assets to justify a public offering.
Products / Services
Ren2Home.com – Point9 Plan
The Ren2Home model was created for the purpose of purchasing Single Family Homes with a Lease/Option contract in place at closing on the home. The Fund is managed by Ren2Home.com, a subsidiary of Rotag Resources, Inc., a DE corp. Investment in Rotag is anticipated to be a generous multiple.
Single Family Home investments will be based on a monthly lease payment of .9% of the purchase price at closing and a 2.5% annual option price increase, which translates into an un-levered return of over 8.5%, with each home being a self liquidating investment due to the 5 yr term.
Investors in the Fund will receive a Preferred Return of 7%, with an expected IRR exceeding 15% once the fund is of adequate size to hypothecate assets for the use of modest leverage, never to exceed 70% LTV.
Ren2Hom.com / Rotag will be compensated on the purchase, property mgr of the individual homes, 3.5% of monthly revenue, and as Fund Manager, 1.5% of AUM (Assets under Management) and a 15% Carry.
A career banker, Steve has been on the forefront of applying technology to financial services, in particular, capital formation. Having co-founded and developed the first marketplace finance platform in 2000, he has evolved his experience into revolutionizing the housing finance industry as well as developing a best practice platform for private company reporting, a foundational building block for private secondary markets.
Steve has been an active speaker and writer on topics of crowdfunding, alternative finance, secondary markets, social economics, and financial technology. He authored a much acclaimed research report on Real Estate Crowdfunding for Massolution, and recently was a contributing author on a soon to be published book on Crowdfunding for Sustainable Entrepreneurship and Innovation.
Steve brings a wealth of knowledge to Ren2Home and is responsible for the company’s strategic direction, deployment of capital and establishing and reaching financial goals.
Director Executive Officer
C. Austin Anderson
A successful Commercial Realtor with roots in Residential and Property Management, including prior operational experience. Austin is well versed in the compliance and management required to scale the business.
Experience includes Commercial acquisition and Development of ground up projects, primarily in the Self Storage asset class, where he has orchestrated projects from initial acquisition of land, entitlement, permitting and ultimately construction. Having started,owned and managed a small stock brokerage in the 90’s, where he held securities licenses including: Series 7, 63, 55, 4 and 24. The organizational skills and aggressive development tenacity required to build a team for Ren2Home translate well from this past experience.
As a Director of Ren2Home.com, his primary role will be day to day operational support as well as long range planning and budgeting; including investor communications.
Director Operating Officer
Frederick (Fritz) Amrhein
Fritz serves as a Director, and Chief Operating Officer of the Company and brings over 25 years of experience managing, and owning one of the top 100 ranked Real Estate firms in the Nation. Fritz has extensive experience in the space, having managed hundreds of single family rentals owned by clients and himself.
In 2003, Fritz acquired a small Real Estate Firm, called Advantage Realty Inc. As Broker and Owner, he grew the company to a net worth of over 56 MM, with the introduction to commercial Real Estate, and building a Property Management Division. In 2008, the company was acquired by ERA Franchise Systems, and deemed one of the top 100 offices in the country. He graduated with a Masters Degree in Real Estate, from the Florida Real Estate Institute.
As the COO, he will oversee all aspects of day to day operations, including Budgeting, Human Resources and Marketing.