Tenant's who pay in Crypto for CRE and Landlord experiences
Hello, has anyone had experience accepting Crypto currency for rent on a commercial properties? What have your experiences been?
[{"id": "hu2215n", "text": "Honestly, why would anyone do this? I mean I guess if both the lessor and lessee were crypto enthusiasts  then it's all good. But otherwise, everything's still going to be based on the dollar (or whatever) so what's the point? Seems like a lot of extra effort for zero gains.", "replies": [], "depth": 1}, {"id": "hu24qox", "text": "Hell no.\n\nCAM, taxes, insurance, debt service all have to be paid out in dollars.", "replies": [], "depth": 1}, {"id": "hu2el5y", "text": "Terrible fucking idea, shame on you for making me type this out. One of you is inevitably going to get fucked. \n\nLet's use Odell Beckham Jr who's whole salary of 750K was paid in bitcoin. He will be taxed at 750K and his payment is now worth south of 400K. With taxed tacked out, he will gross about 35K this year PLAYING IN THE NFL. Sure he doesn't NEED the money per say but this illustrates the double edge blade of fluctuating prices.", "replies": [{"id": "hu2pq71", "text": "Unless he sold his Bitcoin his salary isn\u2019t necessarily 400k\u2026 yes it\u2019s the current value but as Bitcoin increases and decreases overtime it will fluctuate. Bitcoin could go up to 65-70k in a few months, then what? Hypothetically speaking let\u2019s say that makes his salary 900k, now he\u2019s only paying taxes on 750k.", "replies": [{"id": "hu2vwx7", "text": "And hypothetically it could continue sinking down to 20 maybe even 10k a coin? Then what? Tenant must pay landlord &amp; like I said someone inevitably gets fucked.", "replies": [{"id": "hu2writ", "text": "Highly doubt seeing it go down that low but that\u2019s beside the point. As long as the coin isn\u2019t sold, there isn\u2019t a necessarily a loss\u2026 just like real estate it\u2019s a long term game. It\u2019s a risk the landlord would be taking. Sometimes risks can turn out to benefit or wreck someone\u2019s world but you\u2019ll never know unless you take the risk.", "replies": [{"id": "hu2xmya", "text": "\u201cSometimes risks\u201d don\u2019t really cut the mustard anymore. You gotta be damn sure you\u2019re getting your money in this industry, when you pay with money you eliminate the possible fluctuation in dollar value. If you told 100 business owners that situation A. They\u2019re money was guaranteed the same amount according to the lease or B. The money will be paid in crypto which may or may not bring you bountiful returns. I promise you 99 out of 100 will take A.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hu2l6wi", "text": "Are you planning on leasing to a drug dealer?", "replies": [], "depth": 1}, {"id": "hu2oagz", "text": "Accepting crypto for a commercial lease goes against the triple net industry standard lease, complicates any fee\u2019s associated with the lease (brokers fee, yearly increase\u2026), removes any tax benefit for you or the company, goes against GAAP, overall illogical and uneconomical considering the current crypto market. Not even crypto related companies operate with those currencies. \n\nMaybe if you owned the property as an individual and were renting it out to an individual, you could write the worlds sketchiest lease.", "replies": [], "depth": 1}, {"id": "hu2tfo8", "text": "If the commercial property is digital within the metaverse then why not ? However if this an analog property then I struggle to see how this would be feasible.", "replies": [], "depth": 1}, {"id": "hu30qt8", "text": "The lender is gonna fuck the owner when they find out.", "replies": [], "depth": 1}]