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42 sats \ 2 replies \ @SatsMate 22 Jun \ on: Property Management built on Bitcoin (The Better Bitcoin Business Model) bitcoin
I've been talking to my landlord for half a decade now trying to pay him in bitcoin and he won't accept - he only wants fiat. He is concerned about taxes and reporting on his side.
I think this scenario is working well, keep in mind the four-year cycle swings (which i'm sure you do).
We live in a world where those who have debt/leverage tend to get further in life than those who don't. I think pulling a Michael Saylor strategy on a Real Estate scale will prove fruitful. Stay solvent - would love updates on this over time.
I think the key for me at least is not being over leveraged....My time horizon has always been long, I like slow and steady growth...
I can't make specific recommendations for your LL but if he utilizes any of the money coming from his property for savings - he could consider accepting at least that much in BTC opposed to FIAT...err...at least that's how I handle it. I manage the FIAT cash flow I need to pay my FIAT bills and the rest I can accept in Bitcoin. If more of my residents want to participate by paying in Bitcoin I would simply adjust amount of BTC I accept from everyone to be fair about it... If all 4 of my residents wanted to participate in one building they could each pay about 60% of their rent in BTC and the rest in FIAT... I have a lawyer working on lease language now so I don't find myself in "fair housing" trouble!
I will share that language as well when I have it....should be before the end of the summer I hope.