ICNY 18 Data: It’s 2025 and there is no MLS. What does the world look like?

Inmannews - 3 hours 26 min ago
Always ready to challenge, managing partner at 7DS Associates Rob Hahn lays out a new world that may not be far off. Listen in to hear what our industry may have in store when the MLS as we know it is gone ...
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ICNY 18 Data: How I think about my data as a broker-owner

Inmannews - 3 hours 42 min ago
"The amount of usage that we're getting out of the data that we have is really pathetic," said author and real estate pro Joe Rand onstage at Inman Connect. Listen in as Rand discusses data from the broker-owner perspective ...
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ICNY 18 Data: Live problem solving

Inmannews - 4 hours 5 min ago
Listen in to hear CoreLogic's Chris Bennett,'s Suzanne Mueller and W+R Studios' Greg Robertson take the Inman stage to answer audience data issues ...
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What regions are cashing in on single-family home investments?

Inmannews - 4 hours 37 min ago
Attom Data Solutions today released the results of its Q1 2018 Single Family Rental Market report, which ranks the best U.S. markets for buying single family rental properties. Nationally, the average annual gross rental yield among the 449 counties in the study was 8.9 percent for 2018 -- a 0.3 percentage point decrease from 2017. (Average annual gross rental yield is the annualized gross rent income divided by median purchase price of single family homes.) ...
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What can Zillow do to offset slowing revenue growth?

Inmannews - 5 hours 43 min ago
My analysis on earlier this week surfaced a particularly interesting chart on Zillow's revenue growth. The slowing growth piqued my interest, so I dug deeper into the data and strategic implications ...
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Suspicious serial caller ‘Dwayne Bergeman’ targets agents in Arizona

Inmannews - 5 hours 55 min ago
The Arizona call follows previous incidents in Baton Rouge, Lousiana; Salem and Portland in Oregon; Pittsburgh, Pennsylvania; Boston, Massachusetts; Little Rock, Arkansas; and parts of North Carolina and Hawaii, said Courtney and Carter ...
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Americans’ rent rose at fastest rate in nearly two years: Zillow

Inmannews - 9 hours 17 min ago
Meanwhile, according to the report, home values across the country rose 7.6 percent year-over-year, to a median of $210,200, further pricing out potential home buyers. San Jose in the heart of Silicon Valley in California, rose fastest, with Las Vegas and Seattle close behind ...
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Real estate daily market update: March 22, 2018

Inmannews - 11 hours 36 min ago
All the latest real estate market news ...
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Weighing Whether To Accept Bitcoin As A Rent Payment

With cryptocurrencies like bitcoin making news lately, you might be questioning if you should invest in bitcoin. Or, you might even be wondering, “Should I accept bitcoin for rent?” There’s no easy answer, as there are benefits and risks involved. Here’s what to consider if a tenant offers you bitcoin as rent payment.

Why Should a Landlord Accept Bitcoin? 

Perhaps the main reason to accept bitcoin as payment is that it lets landlords obtain some bitcoin without having to put up cash. Since bitcoin increased by 2,166.66 percent in 2017, a few months of bitcoin payments could turn into enough cash to purchase a new rental property if bitcoin does well.

If you’re willing to accept the risks of bitcoin transactions, you could see significant rewards. Small businesses in many niches — from pizza to flowers — have experimented with bitcoin payments. In a crowded rental market, this can be one way to stand out from competitors. You could increase interest in open listings — and fill a vacant rental — by advertising that you accept bitcoin payments.

Bitcoin is intended to be purchased and held. If you’re looking to make money, you’ll need to hold onto bitcoin, not cash out to pay the mortgage.

Why Should a Landlord Decline Bitcoin Payments?

Conventional wisdom is to accept rental payments in the currency you use to pay for things. While an international renter may ask to pay you in euros, you can’t take the euros to your utility provider and pay the bills in euros. The same holds true for bitcoin: You can’t pay someone else in bitcoin, but you can cash a rent check and pay your expenses in dollars.

For both euros and bitcoin, values fluctuate. Your expenses don’t fluctuate wildly monthly, so it is dangerous to get into a situation where you are receiving different amounts of rent each month because you accept alternate currencies.

Bitcoin is not liquid. It can take up to 10 days for you to cash out bitcoin paid by a renter. Many landlords need to use rental payments for their mortgage and cannot afford a 10-day wait.

Bitcoin is riskier than cash for other reasons, too. Since it exists only on computers, it is vulnerable to hacking. Bitcoin is made to be untraceable, so there’s no hope of recovering stolen bitcoin. The untraceable nature of bitcoin can create problems if you and a renter get into a dispute about payments. Rather than a check or electronic bank transfer — which is made out to you and provides clear proof you were paid — bitcoin receipts contain no such identification. If you are trying to evict a tenant and he or she produces a bitcoin receipt, will the court be able to prove whether or not the tenant paid you? The answer is no, and your eviction could be delayed as a result.

Ultimately, the decision of accepting bitcoin is up to you. If you are financially comfortable and can afford to experiment with bitcoin payments, give it a try. Remember, cryptocurrency is not regulated, and you could lose everything. Stay up to date with landlord trends and get discounts on products and services by becoming an American Apartment Owners Association member today.

Disclaimer: All content provided here-in is subject to AAOA’s Terms of Use.

The post Weighing Whether To Accept Bitcoin As A Rent Payment appeared first on AAOA.

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Book preview: Inman’s 360-degree view on real estate leadership

Inmannews - 15 hours 20 min ago
The following is the introduction to Inman's book titled "Leadership: How Real Estate Leaders Can Act Decisively to Change the Industry," a compilation of articles and Q&As published throughout our first-ever Leadership Week. ...
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These new devices are helping Amazon’s Alexa control your home

Inmannews - 15 hours 21 min ago
Resembling a suburbanite-friendly version of HAL 9000 from "2001: A Space Odyssey" (but lacking the homicidal tendencies), the new Switch+ is marketed as a lighting control appliance, but also plays music and helps with general lifestyle needs and tasks such as weather reports, traffic updates and adding items to shopping lists ...
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Spring Forward: Jesse Shafer and Greg McHale — ‘If you don’t ask, you don’t get!’

Inmannews - 15 hours 21 min ago
Compass's Shafer-McHale Team started as a friendship between Greg McHale and Jesse Shafer over a dozen years ago and has since flourished into a partnership with well over $400 million in successful real estate transactions under their belts. We recently had the opportunity to sit down with Jesse and Greg to pick their brain about how they win listings and grow their business ...
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4 tips for making your customer service unforgettable

Inmannews - 15 hours 52 min ago
The real estate industry is about building relationships with your customers and creating an experience that wins them over. You’re looking to exceed expectations and wow customers so that they can’t help but refer you to the next person in their network who's buying or selling a home ...
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Why Milan might be the new hot spot for affluent buyers

Inmannews - 16 hours 7 min ago
I spent much of last year with my Inman articles talking about global affluence, how the real estate process works in different countries and how valuable it is for U.S. luxury agents to understand what is happening around the world ...
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How to carve out a real estate niche for yourself

Inmannews - 16 hours 22 min ago
Real estate is an extremely competitive field. In fact, there are about two million active real estate licenses in the U.S., according to the Association of Real Estate Law Officials ...
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Real estate agent hosting open house robbed at gunpoint in San Francisco

Inmannews - Wed, 03/21/2018 - 3:29pm
For many real estate agents, open houses remain an integral part of day-to-day business and their overall success in this industry. But, as one San Francisco agent discovered firsthand over the weekend, open houses also leave agents vulnerable to criminals who see these marketing events as opportune moments to prey on unsuspecting victims ...
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Bombing suspect dead, Austin real estate community remains vigilant

Inmannews - Wed, 03/21/2018 - 2:55pm
The jarring news brought some relief to the anxiety permeating the Texas capital, where residents were on high alert for more bombings. Austin police said Conditt was thought to be behind all the attacks -- four package bomb explosions and one tripwire bombing, plus the explosion that took his life ...
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E-signature giant DocuSign reportedly gearing up to go public

Inmannews - Wed, 03/21/2018 - 2:23pm
The company behind the digital signature frequently used in real estate may open itself up to shareholders in the next six months ...
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Skyrocketing home prices are driving up homelessness rate, study finds

Inmannews - Wed, 03/21/2018 - 1:46pm
As home prices continue to ascend, many aspiring buyers are priced out of homeownership -- or as one study found, priced out of having a home at all. The DataFace, a San Francisco-based data agency, combed through the pages of the U.S. Department of Housing and Urban Development's (HUD) latest Annual Homeless Assessment Report (AHAR) and found that eight of the 10 states with the highest homelessness rates also have the nation's highest median home prices ...
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Fed announces rate hike, mortgages already on the rise

Inmannews - Wed, 03/21/2018 - 11:07am
In a widely anticipated move, newly appointed Federal Reserve Chairman Jerome Powell on Wednesday announced a modest benchmark interest rate hike of between 1.5 percent and 1.75 percent amidst continued optimism over economic growth in ...
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