RTO
Rentokil Initial plc
stock NYSE ADR

Hi everyone, I understand RTO schemes have bad rep here but I wanted to get some opinions on this.
I'm talking to a seller who was initially thinking of either selling their 2br 45 sqm condo unit in QC area straight up or renting it out to someone. Initially, I asked if they're amenable to a RTO scheme and they asked for a big DP. Then after a few days, they got back to me and said that if they're renting it out anyway, they'd rather just deal with one person and have me rent it out for the RTO terms we agreed upon. So we agreed that I just need a security deposit and monthly payments of 20k for 5 years that all go to the TCP (3.7M) and then at the end of the 5 years, we will purchase the property from them through pag-ibig. The only catch is the unit needs minor repairs so we negotiated the TCP 3.6M since the seller can't handle the repairs since they're in the province.
We've been renting a unit at a nearby building so we already know we like the location and want to stay in the area and settle down here. Our cost to stay in our current unit is around 23-24k (with bills and dues) and upon computing the cost to stay at the RTO property, it's only around 3k more which is an increase we can afford and are happy to shoulder especially since condos in the area are usually somewhere in the 6-12M range as well.
Also, no we currently don't have enough to pay a DP on other properties and we don't mind continuing to rent our current unit. I know people would likely say we should just keep waiting till we have enough to DP but considering that the new unit would be a good upgrade, especially considering the RTO terms being lower risk than the usual RTO scheme by developers, we're highly considering it. I'd love to know your thoughts. Thanks!

If you’re giving credit where credit is due then you gotta understand why things got bad under Biden. His administration was fighting against extremely strong headwinds resulting from QE during the Trump / COVID era, and worked with the Fed to achieve the soft landing. Businesses absolutely overhired and there was a correction with RTO among other things. The stock market was doing pretty well given all the downward pressures. So if you’re being honest you gotta admit that things aren’t great under the second term either - all the gains in the market are driven by AI hype, which may not deliver all that it promises. There’s another couple of years as well and things can very well get worse. From your comments I don’t believe you’re being honest and calling things like it is, there’s a clear bias against the previous admin.