I own and manage apartment complexes - its what I have done for over 25 years at this point and I am pretty good at it... I am also a Bitcoiner and I am trying to build a better future on top of Bitcoin that provides value to as many people as possible (including myself).
I have posted on this previously here -> #472995
This is an update on how its going and what my mind is cooking up....
So I have 1/6 resident(s) that paid with Bitcoin back in Nov. received a $326.86 rent credit this month - that means their rent paid in Bitcoin increased in FIAT value by $653.72 from when they paid it to me. Obviously I also benefited by that amount as well...this seems to be a win/win use case for Bitcoin. On top of that I am able to save 100% of that Bitcoin (in cold storage of course).
As I am building this business model I have realized the following:
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I am in a unique position of not having a prohibitive amount of leverage on my properties which allows me to meet the FIAT needs while accepting about 60% of rent payments in Bitcoin if I ever get there.
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This business model is so "extreme" that almost no one I talk to about it - gets it. (I am starting to think that I am just not doing an adequate job of explaining how it can work?)
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My Bitcoin holdings value will likely exceed that of the FIAT debt on the property after less than 8 years (should Bitcoins value continue on its cycle of eating all the value of the current financial system).
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I need to refine this down to a more concise Business Plan and really start pushing some investors down this rabbit hole :)
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This is what I have so far... its going to be a non-profit - I am thinking of one of my buildings into it...
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Mission Statement: At FWBTCHI our mission is to provide high quality affordable housing to as many people as possible at as many different income levels as possible. We will do this through incorporating Bitcoin into our business model in order to decouple the properties from the current burdens imposed by the various FIAT systems under which they have been forced to operate. This decoupling allows us to maintain rents at 10% below FMR and ensures we always have the ability to maintain the properties in decent, safe, and sanitary conditions.
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Needs Assessment: The world has a shortage of high quality, well-maintained, affordable housing. This is clear by simply looking around your current neighborhood with very few exceptions. The FIAT systems we currently live in have proven to be beneficial to the few nearest the money printers and have led to a deepening divide between those who have affordable housing and those who don't. It truly is an ever-worsening problem though those at the top will attempt to tell you different. It doesn't matter where you live, what once was affordable for more is now affordable for fewer. We at FWBTCHI aim to truly change the past paradigms that we all have been stuck within and ensure the affordability crisis ends.
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Program Development: Our non-profit business model is really quite simple. We encourage our residents to learn about the current financial system and the system being built upon the Bitcoin (or sound money) Standard. We then allow them to make the decision as to whether they want to participate in our program simply by their decision to pay us their rent in Bitcoin or not. Of course, we provide educational support and examples to our residents to base their decisions upon but in the end, it is 100% up to them. Just living at our property ensures that their rent is 10% below the Fair Market Rent for the area in which they live. We ensure this is the case through an annual Rent Comparison Study (RCS) that we perform ourselves and through a RCS that we pay a 3rd party to perform every 5 years (this ensures we are staying in line). If we are out of compliance with this 10% lower rate there will be penalties, we pay as an agency directly back to the resident(s). The rate is also dictated by the term of the lease and the market. We may perform RCS's more frequently for those in shorter term leases but never less than annually. We also provide annual educational material via digital means to help insure all our residents are aware of this Bitcoin payment option and the benefits they may be foregoing by not participating. As an added incentive to entice residents to pay with Bitcoin those who do will automatically be eligible to split any future price appreciation over and above the paid bitcoin 50/50 with the property anytime for up to 180 calendar days after they originally paid. They may execute this option at anytime during that 6 months and they will receive either a return in bitcoin or a rent credit equivalent to the 50% USD value over and above the original paid bitcoin.
Next comes the funding model - partnerships and collaborations - management plan (inc. KPI's) to measure success
Thanks for reading :)
HVAC> HBACsensesats.