as a way to differentiate yourself and your tenants
El Salvador now accepts cryptocurrency as legal tender. Whether the outcome of this policy succeeds in benefiting the Nation as a whole, time will tell. However, the country achieved two objectives sought by most property managers: 1) enacting this policy spotlighted the country’s desire to attract new sources of revenue, and 2) the policy differentiated it from everyone else.
So, as I sense your eyes rolling in the back of your head, I feel obligated to ask: Would you consider accepting Bitcoin (in addition to local currency) as a rent payment?
What if the process was efficient, made sense for your property, and allowed reaching new tenants in new markets who may otherwise not bother looking at your rental?
I’d be interested in your thoughts.
Baron always seeks \ new and better property management methods–especially ones involving interesting technology.